“My students and I spent a long weekend, um, uh, recently in Columbus, Ohio. And we spoke to, you know, uh, 25, we had a large town hall style focus group in person after person after person”
“I bought some shares... $5,000... up to $200,000... I sold it for around $8,000-$9,000. Lesson: take some chips off the table.”
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What was described
Take partial exits (sell some shares) after a large win to lock in cash for personal needs
$5,000 initial investment grew to $200,000, sold for $8,000-$9,000
Said nearby on the same subject
“In 2021, when a lot of people I work with had big exits, cash was paid 30 basis points.”
“Take the cash and take as little as you possibly need so that you can maintain the control.”
“Go revalue your property, lock in that equity, get it on an interest only loan ... you can reset the interest only term after five years ... that locks in 10 years, a full decade, of access.”
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