Takeaways from Under The Bamboo Tree with Ross Gerber

Good Investing Behaviour

• You’re not going to get rich on one-off investments. Investing is like eating, you have to do it consistently. The most important thing you can do is set aside money every month and invest it in a platform like Bamboo.
• Don’t try to time the market. You cannot predict the future and if you think you know what’s going to happen, you’ll probably be wrong

The Future is Interesting

• Invest for the future, not the past. Think of the companies fixing problems for the future.
• Fixing climate change is the future, companies working on solar power, electric vehicles etc will be interesting.
• Ross Gerber is a big investor in Tesla (NASDAQ:TSLA) He believes it is the most advanced and innovative company in the world and he’s been an investor for 8 years. He believes a lot of electric vehicle companies around will go out of business but Tesla is here to stay.
• Ross owns the solar ETF NYSE: TAN because he’s also a big believer in solar and battery.
• He is also a big investor in Activision (NASDAQ: ATVI).
• The pandemic has shown that as an investor you have to be looking at healthcare, health tech and biotechnology industries. He invests in them through the ETFs NYSE: IHI, NYSE: IBB. He believes governments are going to spend a trillion dollars in the next couple of years.
• Ross is very bullish on cannabis. He believes cannabis is the next alcohol or tobacco. ETFs like NYSE:MJ, Innovative industrial properties NYSE: IIPR
• Ross is not a fan of Virgin Galactic (NYSE: SPCE). He says there’s no proof that the space plane works and if people won’t get on a plane right now, why will they get on a spaceplane. He thinks it’s a stupid idea.

Gold >>>> Cash

• Ross is very bullish on gold. He holds a lot more positions in gold ETFs (such as IAU, GLD) than he does in cash.
• Ross is not a fan of putting your money in banks because if the interest rate is 2% and the value of the Naria is losing value at 10%, you are throwing your money away. Because of inflation so he’s very big on gold etfs.

Big Tech is a Lifestyle

• He believes if you do not own stocks in big tech you’re losing money. Amazon (NASDAQ: AMZN), Apple (NASDAQ: APPL), Google (NASDAQ: GOOGL) and Microsoft (NASDAQ): MSFT) are in every portfolio GerberKawasaki has. He doesn’t own Facebook (NASDAQ: FB) for moral reasons but thinks it’s a great company.
• Ross has been trying to buy more Zoom each time it goes down. He thinks Zoom (NASDAQ: ZM) may be the next Google (NASDAQ: GOOGL).
• Ross says he was negative on Square (NYSE: SQ) but they have done a lot of things right especially by going into crypto through CashApp. Now, he thinks it’s a good company.
• He thinks Shopify (NYSE: SHOP) is one of the best companies in the world and thinks they have a better business model than Amazon. He wishes he owned more.

Toss or Keep

• Tesla – keep
• Bank of America – toss (He doesn’t invest in banks but it’s the best bank stock to own alongside JP Morgan)
• Kodak – toss (He says to sell as soon as possible if you own it)
• Expedia – keep
• MGM – keep
• Disney – keep
• New York Times – toss
• Peloton – keep (He believes Peloton is the Apple of fitness.)
• Nikola – toss (He prefers Tesla or Rivian)
• Wayfair – toss (He thinks they’re doing very well but he doesn’t like retail)

If you could only hold

5 stocks to hold forever

• Apple
• Disney (Ross has owned it his entire life. He thinks Disney+ is great and will be a game-changer).
• Tesla (He may sell profits from time to time but he plans to hold it forever)
• Microsoft
• Amazon

For one year

• MGM (He thinks inthe next year you want to buy things that recover from covid)
• Disney
• Starbucks