10,000x IRA: Going From $2,700 to $29 Million w/ Emmet Peppers (Ep. 236)

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: Emmet Peppers Interview playlist: https://www.youtube.com/watch?v=ZxJpjKaB7iU&list=PLfibpgBinf9TaDMLOD8li0PHDwVD3YuYE 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 Social 🐦 Twitter https://mobile.twitter.com/heydave7 🎧 Apple Podcast: https://podcasts.apple.com/us/podcast/dave-lee-on-investing/id1493031991 🎙️Spotify https://open.spotify.com/show/2iin015s0k21Bt4ldep9XT?si=uBV4Ft8hQEu_GE4YSIDDGg 📸 Instagram https://www.instagram.com/heydave7 💁🏻‍♂️ 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. Buying a Tesla? 🚗 Car: Use my referral link to receive 1,000 free Supercharger miles with the purchase of a new Tesla. http://ts.la/david7556 ☀️ Solar: You’ll get $100, I’ll get $500 for a new install of a Tesla solar system. http://ts.la/david7556 Videos: Tesla ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QkDHJ5hbv5rMvpRse9C-re SpaceX Starlink ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QrcuyoiO1tjQs_yzer72EI Square ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9Q3PIw2JOQr4qoL_fSrIZA7 Lemonade ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9StEd21tlQBndopSTek8iAZ Company Analysis Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QMjeqM7he4G7FLhI88ZXdo Interviews: https://www.youtube.com/playlist?list=PLfibpgBinf9QdC6pEaycZvv3pGyvEbO8P Check out my archived articles/posts on Tesla and investing: https://teslamotorsclub.com/tmc/threads/articles-megaposts-by-davet.23473/#post-485768Subscribe to Dave Lee on Investing on Soundwise