WARNING Stop Buying Magnificent 7 Stocks Until You Watch This (Rookies vs Veterans)

**SPEAKER_1** (0:00)
Is this the best time to buy elite tech stocks on sale?

**Ian** (0:05)
Yes, every month is more important than a month. And I'll talk about it in the Vest Fest and Stock Club Best Months to Buy. I'll give you that in this environment in which we're in, because like in post.com crash, post Obama, we had the quantitative easing effect where the interest rates were so low that it drove the market up. We're in a different kind of quantitative easing while the returns are so high. You can't afford because of inflation to have your money on the side. And that's the other part that no one's really talking about. It's like the capital has to be deployed because the cost of missing out is too high.
Go ahead.

**SPEAKER_1** (0:48)
Because I accidentally got from BlackVox. Let me ask you, because you're an expert and when it comes to technology stocks.
At one point, IBM was the king of technology. IBM is not a dead company.

**Ian** (1:00)
They're not elite.

**SPEAKER_1** (1:02)
Their stock is not elite. So we're looking at Microsoft being stagnant for a long time and all of these types of companies.

**Troy** (1:11)
Microsoft?

**SPEAKER_1** (1:12)
Two years.

**Troy** (1:13)
That's not a long time.

**Ian** (1:14)
That's a long time.

**SPEAKER_1** (1:15)
Relatively.

**Troy** (1:16)
Well, last year was at 458

**SPEAKER_1** (1:17)
Relatively speaking.

**Troy** (1:18)
I'm saying last year was at 458

**SPEAKER_1** (1:19)
Okay. Two year chart is negative. Two years ago, Microsoft was at $448. Right now, it's at $400.
So two years is less than what it was two years ago. Today, today, two years ago today, it was $48 higher.

**Ian** (1:33)
Good point.

**SPEAKER_1** (1:35)
Two years ago today, it was higher than what it is now. While in that same time, we've seen all of these newer technology companies go hybolically crazy.

**Ian** (1:46)
That's a good, yeah.

**SPEAKER_1** (1:47)
Okay. So, okay, at some point in time, even the greatest player of all time starts to decline. So, are we looking at a new wave? We're saying buy tech stocks, it's always a good time to buy tech stocks. Okay.
Are the new class of tech stocks taking place of the old class of tech stocks for out? Because the whole point of investing in the Mag 7 tech stocks was you get out of normal returns.

**Ian** (2:19)
But I was never a Mag 7 investor.

**SPEAKER_1** (2:22)
Okay. Just taking 2Tech, 2Tech, right?

**Ian** (2:25)
Yeah.

**SPEAKER_1** (2:25)
Apple, Amazon, you get out of normal returns. The last few years, you got less than normal returns.

**Ian** (2:34)
It depends on what price you bought.

**SPEAKER_1** (2:37)
In general, they've underperformed. They've underperformed. The major tech companies have underperformed the newer superstars in the space or emerging superstars in the space. Is it, what about that? What's the question? People are asking the question, is it time to say, okay, I'm still investing in tech, but I'm gonna invest in the rookies. I'm gonna invest in a two year, instead of investing in a 10, 15 year veteran, I wanna prioritize MU, Sandis.
I wanna go with the SpaceX. I wanna go with the new breed, cause I feel like in 10 years, this is going to be the new Mag-7.

**Ian** (3:20)
Okay, and they're trying to frame that already now with mangoes.

**SPEAKER_1** (3:23)
Right, they got to agree on that.

**Ian** (3:25)
The answer is, it's a great question by the way. I misunderstood it at first, but I got it.

**Troy** (3:31)
I get this every day.

**Ian** (3:32)
Rookies versus vets.
You have to do what owners do. Take me out of it. Do what owners do. You have to layer your team with both. The answer isn't either or. Kudos to Fritida and Kiara. Anytime I got to the Rockets game, I got a little chance to have a little powwow. The layering of new assets in real estate, business, equities, venture.
Shout to our guy. I don't know if we want to mention his name, but he'll be at Investfest. You have to layer them together like Jenga pieces. To me, I always call it a totem pole. You got a totem pole in trading and same in investing. So you may restructure, like Apple still hit an all-time high.
Microsoft is lagging behind, but even for Stock Club, that deep dip they had, like I called that, and most of the people in Stock Club are up even if they got in this year based on price. So if you have a slot for eight, you need to do four new ones and four old ones. But you also have to know the new ones are going to thrive in two years versus they were, it's a bunch of people who were supposed to be Jordan. Injuries happened, they didn't have the stick-to-itiveness, and we can see it in the CEOs. I think Microsoft and Metta have been beat up unfavorably, but I think in the long term, they'll be okay. And then of course, new players have come in and gotten high returns. Some of these companies that have gotten high returns over a year or two, they won't get high returns next year. So you have to know which, the answer is to do what the owner does, and you have to have both.