"I'm Selling Nvidia" – Tony Robbins and Christopher Zook Reveal Their Market Moves

Patrick Bet-David (0:00)

So our goal is for our audience to get smarter today. So I'd like to start with a game. If you can see what you have in front of you, you have a buy, sell and hold sign in front of you. I'm gonna go through different investments, okay? And we're gonna start off with value right off the bat, and then we'll get into it. So, gold, do you buy, sell or hold gold today? What do you do?

Hold, you're hold, you're buy.

Christopher Zook (0:25)

But I think that to answer all your questions, they're being asked in the wrong order.

The dog bit Johnny, Johnny bit the dog.

Same elements, different sequence, different result. You can't have an answer to this question if you don't know what your outcomes are. And you have to know what your asset allocation is. So, right now, for example, if you don't have anything that's covered in that category, which I have very little, honestly, then it might be an area that you might want to consider, because it's something that's changing, but based on inflation. But all the answers you're going to ask for here are basically based on that individual's real needs. If you start making a generalization about it, we're going to give people the wrong advice.

Patrick Bet-David (1:02)

I think that's a good qualification for you. So this is for you. This is not a recommendation to others, it's just where you're at. And if on any one of them you want to unpack, and remember guys, this is not financial advice. This is just they're telling you what their opinions are. Bitcoin, buy, sell and hold.

Sell for you. Okay, you're also sell. Okay, maybe a couple of these, if you don't mind, I'll come back to. Okay, so how about commercial real estate?

Depends on where.

Christopher Zook (1:29)

Yeah, that's gonna say, that's location.

Patrick Bet-David (1:31)

So that's gonna be location. So some areas are sell, some areas, okay, that's fine. I like that.

Christopher Zook (1:34)

So we'll put that. Real estate is all local, right? You don't think about international scale.

Patrick Bet-David (1:38)

I think that's fair. I agree. So S&P 500 Really?

Christopher Zook (1:45)

Maybe.

Tony Robbins (1:46)

I'm a seller today.

Patrick Bet-David (1:47)

I'm gonna come back to that one as well and we'll talk about that as well. So I'm gonna put C, if you don't mind, I'm gonna put C next to it and I'm gonna put T here. Single family homes. Is it still based on states?

SPEAKER_4 (1:59)

It's definitely still based.

SPEAKER_5 (2:01)

Let's just move on to real estate.

Patrick Bet-David (2:03)

California.

You guys are on the same page there. Texas. That would be a buy. That would be a buy. Okay, New York. Also, Florida.

Tony Robbins (2:16)

I'm a holder there.

Patrick Bet-David (2:17)

Really?

Christopher Zook (2:18)

I'm a buyer.

Patrick Bet-David (2:19)

You're a buyer. Okay, I'm gonna come to you with that one. If you're saying that, how about Illinois?

Tony Robbins (2:24)

Illinois, I'm a holder.

Patrick Bet-David (2:26)

Really? Okay, that's a blue state.

Christopher Zook (2:27)

I don't know if I'm about the market there. I wouldn't comment.

Tony Robbins (2:29)

You said Chicago would be a different answer.

Patrick Bet-David (2:31)

That would be a sell, but Illinois, that would be a hold.

SPEAKER_4 (2:33)

There's so many great parts of it.

Patrick Bet-David (2:35)

Naperville, some of the markets that they have. Okay, I respect that. Tennessee. Tennessee is a definite buy. Okay, so you guys are both buy their collectible cards.

SPEAKER_5 (2:45)

Yeah, again, that depends.

Patrick Bet-David (2:46)

A hold, if I own them, I'm gonna enjoy them, but I'm not gonna be a buyer today. Are you in the same place?

Christopher Zook (2:51)

I wouldn't be a buyer today.

Patrick Bet-David (2:52)

Okay, fair enough. Sports teams.

SPEAKER_4 (2:54)

We do that every day.

Christopher Zook (2:56)

We're a big buy.

Patrick Bet-David (2:57)

Then we're definitely talking about that. Nuclear stocks, nuclear power.

Tony Robbins (3:02)

Depends on what type.

Christopher Zook (3:03)

The newest types.

Patrick Bet-David (3:04)

You know, the call had with you, Tony, a couple of months ago, when you just broke down what you were involved in with the power and nuclear, and I don't know what state it was. Was it South Dakota? West Virginia.

Maybe we'll get into that later on. It's very interesting the way you were breaking it down. Okay, defense companies.

Tony Robbins (3:21)

Definitely buy.

Patrick Bet-David (3:22)

Okay, are you following what Palmer Luckey is doing with some of the new drugs?

Tony Robbins (3:25)

We were early investors with Palmer on a number of things.