10,000x IRA: Going From $2,700 to $29 Million w/ Emmet Peppers (Ep. 236)
Dave Lee Dave Lee
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 Published On Jan 24, 2021

On Sept 16 2010, Emmet Peppers contributed $2,686 to his IRA. This contribution has grown to $29 million as of Jan 18, 2021. In this video, I dive deeper for lessons and takeaways.

Emmet Peppers on Twitter:   / emmetpeppers  
Emmet Peppers Interview playlist:    • TSLA + S&P 500 Inclusion: Chat With E...  

Timestamps:
0:00 - Introduction
2:50 =-Blowing up pervious Roth IRA
5:28 - 10,000x IRA gains
6:02 - Disclaimer & Risk
11:18 - Initial IRA Goals
13:00 - Emmet's background knowledge of options
19:48 - 2010-2013 IRA trade history and TSLA options
26:22 - Intro to concept of options
35:50 - Concept of buying/selling TSLA options
37:15 - 2014-2016 IRA performance, Aug 2014 $577k short-term peak
41:50 - Owning Tesla cars, building conviction
45:10 - 2019 year of pain, $29k low point
49:03 - 1000x gains in 1.5 years
51:18 - Looking at specific trades in 2020
56:30 - Current IRA balance and positions
1:04:38 - Holding TSLA stock and not TSLA options currently, risk with options
1:09:43 - Taking some off the table
1:13:15 - Sources of information
1:14:00 - Lessons & takeaways, Belief in outsized gains, Win Big
1:16:30 - Stocks/options as pathway for accelerated gains, methodology of looking for big misplaced opportunity
1:23:15 - Can Emmet 100x again?
1:28:08 - Finding another Tesla, Amazon, Apple
1:28:55 - What's the point? 100x giving
1:40:36 - 6-year-old pulling own first tooth
1:43:44 - Conclusion

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💁🏻‍♂️ Disclaimer: All content on this channel is for discussion and illustrative purposes only and should not be construed as professional financial advice or recommendation to buy or sell any securities. Should you need such advice, consult a licensed financial or tax advisor. All views expressed are personal opinion as of date of recording and are subject to change without responsibility to update views. No guarantee is given regarding the accuracy of information on this channel. Neither host or guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered. Author is long TSLA, LMND, SQ, and other stocks at time of original video publish date.

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