Crypto Investing #76 – Investing Lessons From Lior Gantz

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Tai Zen: This is Tai Zen, and I’m broadcasting this morning from the city of Dallas, Texas. And with me today we have Lior Gantz, who is broadcasting from Tel Aviv in Israel. Say hello Lior.

Lior Gantz: Hey everyone.

Tai Zen: Lior has been an investor for many years now, I’ll let you guys hear his background in a minute but I found out about Lior through an interview that I did with one of his business partners, named Kenneth Ameduri from the channel Crush The Street.

And we did a really great interview there and afterward, he asked me to talk to Lior and bring him on the show.

And so I wanted to bring him on and get his thoughts, his views on investing in general and looking at the big picture investing, not just cryptocurrencies but how to diversify into other areas of investing as well.

So welcome to our channel Lior. Can you share with our audience your background before we get into cryptocurrencies? What’s your background?

Lior Gantz: I’m 33 right now, and 2 years ago I founded the, it’s a free financial newsletter. I started investing at the age of 16, I got my parents to sign off a waiver so I can do my own investing and started sitting across the banker and telling him what I want to do.

And then what I started with was mutual funds because that’s what banks tell you to do, that’s what they know. And then at the age of 18, I started buying individual company stocks, that was 15 years ago, 2002.

Tai Zen: We have a few feedback from the audience, is there any way you can turn your audio up? Because they said that your audio is significantly lower than mine.

Lior Gantz: I was saying that I had a passion for investing. Basically, since I was 13 and wanted to make money on my own because I asked my parents for money for this, for that, they couldn’t afford it.

So I realized very early on intuitively that if I wanted anything, I needed to earn it. And I started babysitting and doing all that kind of stuff that you can do at the age of 13.

Tai Zen: So where were you living at this time? Because in America teenagers don’t run out there to the bank and try to get permission from their parents and authorization to invest on their own into mutual funds and stuff.

Is that like a cultural thing, is that common in Israel for everyone there to handle money? Or was that just an isolated incident with you?

Lior Gantz: I’ve had 0 friends who’ve done… and I remember in the army, in the evening everyone was reading the sports section, I was going through all the other stocks and nobody even knew what that meant.

So I just figured that starting early would give me a competitive edge and I think that’s true.

And Warren Buffett said that he would be far richer than Bill Gates if only he could have read faster, so reading and knowing more is obviously an advantage. And then I just I’ve been an investor but also I’ve been an entrepreneur throughout my life in 2009.

I built a real estate business in the US remotely, meaning that I was building a team and my niche was in abandoned houses but I did it outside the US.

Personally, I wasn’t there, until 2013 I sold that business and I opened a boutique fund. We got into Bitcoin really early at about $13, give or take $13 or something, sold it about $119.

Tai Zen: You’re bringing up a lot of interesting points here that I think that would be very interesting to our audience. First of all, what was the first stock or mutual fund that you got into and do you still have it to this day or did you sell it already?

Lior Gantz: The first stock that I bought is called VF Corp, I still own it. It’s a clothing holding company for many brands that you know like Timberland, The North Face, Wrangler, it’s a retailer that essentially owned all these brands but you’ve never seen VF Corp anywhere, it’s like a holding company for all of these.

And the reason that I still own it 17 years later is if you look at their dividend history, which is what I am very passionate about, then you’ll see that they have raised their dividends by 700%, just equate that to the real estate market.

So if you buy a house right now for 100 grand, and the monthly rent is $1000, thinking 15 years the monthly rent would be $7000. That’s the power of companies that have great profitability, great margins and they just increase their dividends up.

And on Wealth Research, if you go in the home page, you click the top on the left button, if you’ll click “wealth stocks”, that’s where you’ll find some free downloads with some of the companies that I own long term. Such as VF Corp, but I have other companies that right now are much cheaper.

Tai Zen: We got a lot of fishing sites out there, could you say the name of your website correctly so that the audience knows. Is it, net, info? Which one is it?

Lior Gantz: It’s

Tai Zen: Thanks, that way our audience can make sure they have that correct. Because in the world of Crypto, there’s a lot of fishing sites so we want to make sure it’s the correct sites. We have a lot of people that are fearful to get into their first investment whether it’s stocked, whether it’s cryptocurrencies.

Could you share a little bit about when you got into your first investment whether it was stocks and mutual funds? What was it that allowed you to take action while other people are scared to death to make their first investment or to take action or to procrastinate? What was it that allowed you to do that so easily in your teenage years?

Lior Gantz: Honestly, I think it’s a combination of knowledge, education in advance, and it’s just building of your own character. The minute that I realized that in life you have 3 buckets that you’re working with money.

One bucket has a bottomless pit, anything you throw in there is gone forever, that’s just spending bucket like your lifestyle burn rate. So whatever money you put in there, it doesn’t return to you, you’ve transferred value to another person.

The second bucket is called a savings bucket, you just want it full and you want it to facilitate any outstanding obligations that you have for next 5, 7 years for me personally, some people have it at 2 years, 3 years.

And then the third bucket is you’re investing bucket, and all you need to understand is that bucket grows your wealth.

So one sucks away wealth, one retains wealth and the other one grows it. And then with investments, I think the most important thing that anyone can do is start to invest right now, the second you finish with this interview you’ve got to create a plan and start investing, that’s the biggest wealth generator in history.

Tai if you go back to 1802, 215 years ago and you take $1 and put in the S&P 500, that thing is $769,000.

What you have between your ears Tai, what people in the audience have is the greatest tool for wealth ever, it’s called innovation.

And companies, when you invest in them, when you build a business of your own, when you invest in other people that are talented, that’s how you build wealth in this world, that’s how you participate in the greatest wealth generated in the world which is the free enterprise system.

Obviously, there’re problems and the free enterprise system is not free, it’s not as amazing as it was years ago, there’s manipulation and there’s rigging. But I’ve proven that you can know all that and adapt to it and make a fortune by the time you’re 33.

Tai Zen: That’s interesting that you say that it doesn’t matter if all those things are happening, there are still opportunities to make money. It’s just like my business partner and our other analysts here, we have a firm belief that Bitcoin is a bubble or whatever it is.

But there’re bubbles in every market. There’s a bull market and there’s a bear market, but that does not mean that there’s not an opportunity to make money.

Lior Gantz: The funny thing about bubbles is that once you’re in a bubble you don’t know what you’re in a bubble, the bubble is invisible. If everyone’s saying that something is a bubble then it’s truly not a bubble yet.

And obviously with cryptocurrency, it’s a bubble within the alternative media but it’s definitely not a mainstream bubble.

If I knock on my neighbor’s door, he wouldn’t even know what Bitcoin is. So definitely it’s not a bubble, a bubble is defined as something very different and there are so many ways to de-risk your exposure to what you deem is a bubble that it’s not even worth talking about.

Just cash up if you think cryptocurrencies are too expensive right now, just cash up and wait for a dip or do something else that you want.

The free enterprise system has so many ways that you can participate in it that you don’t have to fall in love with any investment. When I was 16 I fell in love with this motorbike and I really wanted to buy it and that thing was a Pandora Box, and I just threw it, I literally ran it through a cliff and I didn’t want to even sell it because I wouldn’t want the nightmare to pass on to another guy.

That lesson taught me that you don’t want to get emotionally attached to things, businesses, investments, to get emotionally attached to your loved ones, but anything else is not worth it.

And so when I got involved with investments at first, I literally started very small and I still until this day believe that the best principles of success in investing are asset allocation, so diversify within asset classes.

Not only 30 stocks but owning different asset classes, exposure to assets that are not related to the stock market like rental real estate or private lending or owning private businesses and equity position and private business having secondary and third and fourth income streams.

So building other active income streams that you actually own, all of that builds a financial fortress in your life and you become much more comfortable with living.

Tai Zen: I know one of the biggest fears that people have is just getting started and one of the things that I always suggest to our audience and our listeners start with $5, start with $10, start with $20. I recently just talked to a friend and he said if I transfer the Bitcoins from here to here, and what if I do it wrong, I’ll lose it.

And I said do it with $2 or $3, and if you do it wrong, it’s okay, that’s what I call a “market tuition”. Because we always have to pay a price, to get tuition.

Lior Gantz:The Jews called the Rabbi guilt, which is like the money that you pay to the Rabbi so he can give you an advice, you know it’s worthless but you pay it, it’s like tuition.

The idea is basically baby steps, and you can do that or when you take it to the stock market, obviously can’t put $5 in there because the fee is $5 and it’s not worth it, you can put a few thousand dollars in there. But you can create what we call “stop loss”, where if you lose 5%, 10% then you just sell it.

And if you put $1,000 in it and you lose 5%, you lost $50. If you can’t stomach a $50 loss then that’s all the more reason to do this because you need to develop the stamina. Investing is the science of probabilities and stacking the odds in your favor…

Tai Zen: When you talk about investing, you were in the traditional stock and market and things like that before. How did you transition? What year or what time or what price was Bitcoin when you first heard about it? Could you talk about that?

Lior Gantz: I have a good friend in Colorado, and in 2012 in the summer he invited me over to do ski in Breckenridge, it’s close to Aspen. This guy’s all about the pioneering industry so he told me that they’re working on legalizing cannabis in Colorado, that happened in December 2012.

Tai Zen: It’s a big craze in America right now. Every amateur investor wants to invest in a cannabis-related company or business, so I don’t know that’s exactly a good idea.

Just because someone smokes weed, that doesn’t mean that they should invest in it. I think there should be other fundamentals that they need to look at besides that.

Lior Gantz: Obviously, with all these speculative smaller cap companies or small-cap businesses or niches, it’s all about understanding the people behind them, the people who were the talent, human talent, that’s what builds wealth.

So obviously with cannabis, there’re thousands of companies, probably 10 are legitimate so it’s a matter of researching.

He told me about Bitcoin, I think was like $3 and research it because I didn’t pay attention to it, but when I came skiing there in January of 2013, he really sat me down, showed me this.

And I think it was the end of January 2013 when I purchased my first ones, I think was like $19. But it went to like $119 in two months, it was epic timing, couldn’t be better.

Tai Zen: So when you got in, did you sell it as it was running up or did you sell it on the way down?

Lior Gantz: I sold it at $119, I don’t remember if it continued going up from there for a few more months or went down because I thought I just took a 700% gain, that thing is a bubble. But then after doing more research and really zoning in on this, I took more positions at 400, 800 and been holding lots and lots of it until today.

This was before Wealth Research Group, but it was found in January of 2016, so in February 2017 we published an alert on Ethereum, it was like $12.8 and lots of subscribers send me some screenshots with crazy gains. Nothing makes me happier because of the reason that we found Wealth Research Group is to share our research.

I got to a point in my life where I said, look I want to share this with people who want to build financial education, our school systems, they are so irrelevant at this point it boggles my mind that people go there for so many hours. I will never send my baby daughter, now is one year old, I’ll never send her to school, it’s preposterous.

Tai Zen: It’s funny that you say that because I had to register my son for school for the first time in Dallas, the last week of last month. And we went in there and they asked me what do I do, and I said I’m retired, I’m not working or anything.

She didn’t even acknowledge what I just said and she said what company do you work for? We need to know where you work at, what’s your income, does your child need help to pay for lunch and stuff? And I’m like no he doesn’t need help, I’ll cover his lunch by myself.

I don’t need to put my kids on reduced lunch or need help from the school to pay for, I’ll pay for it by myself. I was trying to get the registration done as quickly as possible so I can go back and focus on my trading.

And I started to do my duties as a dad and register my son for school and everything but I was more interested in getting him registered and get back.

And they just couldn’t grasp that concept because they looked at me and they’re like how can you be retired at your age already? I’m in my mid-40s, if they look at you in your 30s they’ll probably really freak out if they saw you there register your kid for school.

Lior Gantz: I had this scenario with the swimming class that I come in like noon and my wife comes with me and it’s great that you can come in every day at noon when you work, and it’s a new lifestyle.

My lifestyle allows me to work for my house and we travel extensively with finding opportunities, with finding companies, with finding investments.

You have to sit down and meetings face-to-face, there’s a lot of traveling to do and it’s a part of the fun but it’s also part of the necessity of finding opportunities.

So when you can kind of divide the world of investing to small cap companies where you have to do a lot of research to find out who the people are behind it.

And large-cap investments for the long term where it’s mostly understanding the balance sheets because it’s already established with small cap companies, it’s growth.

So you want to know who are the people running companies like that because they will bring the value, they are the value.

Tai Zen: It’s interesting that you mentioned that about traveling and about looking at these different companies and stuff. Right now our team and David, they’re in London right now attending the Dash Conference and the World Blockchain Forum.

And we have friends that say why are you guys spending 6, 7, $8,000 to go to these conferences, that’s a waste of money.

And for us it’s not a waste of money because if we go there and we meet you or we meet someone else there that gives us in some insights of an upcoming project that we don’t know about. Every conference that we have been to, has been very profitable for us.

That’s how we found out about Dash at the Miami Conference, that’s how we found out about Ethereum at the Texas Bitcoin Conference back in 2014, we interview Vitalik when he was just talking about Ethereum, just writing the white paper.

Just by knowing these people and getting to know them, has been extremely profitable for us. So whenever our friends or the people that don’t know about investing, you may say that you’re wasting your money, you’re wasting your time. For us, it’s like we get to travel wherever we want.

So I mean it’s a vacation for us anyway, they’re gonna go there for 2 or 3 days of the conference and then spend 3 weeks over there on vacation. So it’s a very profitable lifestyle.

Lior Gantz: Relationships are the back growth of the free enterprise system. There isn’t any case of someone becoming successful without forming relationships.

And that’s something that you can do even as an employee, forming relationships opens doors for you, and the more doors you open the more you get to the core of businesses and becoming a more start-up investor with early-stage companies, the better for that company to flourish and for you to make a fortune with it.

Tai Zen: We just got a comment from one of the viewers, Todd To. He says that I hope to be at that life’s lifestyle that we have by next year, and he says I make 400 to 600 a year at my job so hard to let go because I spend too much time and money in education.

What do you have to say to somebody that makes a high income like that because they’re making 600 a year and I’m gonna assume that they’re in the US or one of the Western nations?

And they’re probably giving up a third of that to the government for taxes. So he’s saying that he spent a lot of money on time to get educated, to make that kind of income.

You guys are a research group, what would you say for him to do to allow him to learn more about what you’re doing and to get to where he can live the same lifestyle that you live and be educated in the investing and stuff like that? What are some of the things that he can do?

Lior Gantz: Well he’s very astute and very sharp to understand that you can’t just forfeit your lifestyle. There’s a family involved, there’s risk involved, and you just don’t take a huge leap of faith when you have something… I’m assuming you meant 4 to $600,000, not 4 to $600 a year.

So with somebody who’s living in that level of about 30k a month, you’ve got to realize you’ve built a career, so you are trading a lot of your time for money.

And if I understand him correctly, it’s a location dependent occupation. So he has to make tough choices, there’s no easy solution to it.

But what I can say is with that type of income, you can slash that income in half and still live a great lifestyle. If you can take that time and develop his own enterprise because he’s obviously a valued employee.

So if you can develop his own enterprise using his skills then you can make it even more location independent. And obviously, passive investments can really take his life to the next level because he’s now working a lot of active income.

The world is divided now into occupations that are location independent and location dependent. And if you’re already in a trajectory, not only you got to face some compromises in life, it’s not possible for everyone to just switch over and live that way.

I’m lucky that it happened to me because I made some good decisions and I didn’t commit any location-dependent businesses or location-dependent occupations in my life.

But for somebody who’s already in there, if you take that income that’s quite a large income, you can create 7, 8, 9% passive income in your life.

You can think about in a few years becoming much more location independent, maybe if you build this kind of a portfolio for 10 to 15 years you can move into a less expensive country, there are so many places that I visited.

I visited more than 40 countries in the past 10 years and I’ve seen many places that are considered second world countries but you can live like a king there for 5 grand a month and you’ll have everything. Honestly, you’ll have your internet, you’ll have great food, great people, great friends…

Tai Zen: I live in North Dallas, it’s a really nice neighborhood, not sure if you’ve ever been to Texas but North Dallas is considered a really nice part of Dallas.

Lior Gantz: I was in Dallas last month, I was driving a Lamborghinis and Ferraris and a Viper on a circuit just outside Fort Worth.

Tai Zen: It’s called the Texas Speedway.

Lior Gantz: Then we went into Dallas just for dinner.

Tai Zen: We have clients that are lawyers and doctors and other professionals that we coach with the cryptocurrency investing. If you’re making 4 to $600,000 a year, more than likely you’re in a professional arena or career.

And one of the things that we found out that they have done to help them is that they don’t have time, that’s like their main thing is that they don’t have time.

Even if they have the money to invest and they do things like that but they just don’t have the time to do the research. And one of the things that we found out when we asked them is what prompted you to register for our boot camp or anything like that.

Was that they found out that it was easier to do let somebody else do the research and figure it out and then just show them what to do.

I’m sure that you have clients like that too, they just have you do the research or figure it out and then they just come and just learn it from you instead of sitting at home trying to figure out which wallet is good, which one should I use or which one should I get into.

We found out that a lot of our professional clientele since we already figured it out that they prefer that we just do it for them or show it to them what we learn already so that they don’t have to spend months trying to figure it out.

Because in 4 days they spend with us, they can learn so much more. Have you seen that happen with your audience, with your clients?

Lior Gantz: That’s how life works. You have a limited amount of time and then the rest you want to outsource and leverage using other experts.

You guys have a clientele based business. Wealth Research Group is a financial newsletter with subscribers, we don’t have clients and we don’t advise on a personal level.

Tai Zen: Just to be clear we don’t advise either, we’re not licensed, financial advisors. These professionals, they’re not gonna have time to go learn how to use a hardware wallet, learn how to open up an exchange, run through that

Where do you go look for these cryptocurrencies app, how you filter them out, what criteria do you use, figure out which ones good, which ones not good and then when you find it, how much of your portfolio do you put into it, how do you rebalance your portfolio, when to take profit.

In the US, I’m not sure about Israel, but those are things that we can share with someone and we are just education and training, we’re not doing financial advice. So I just want to make sure that’s clear that if your audience, my audience is watching this that they understand it.

Lior Gantz: Definitely, Wealth Research Group is just a way for me to share what I learn personally.

Tai Zen: What inspired you to start that? You’re doing well with your investing and you’re traveling the world, you’re living a good lifestyle there that a lot of people would like to live. And what would it inspired you to diversify your portfolio or did you see a need for this? What inspired you to start the Wealth Research Group?

Lior Gantz: One of my first jobs was coaching basketball at the age of 13 and I coach like 6-year-olds, and then all the way up to 18. And I loved coaching, I loved sharing information and sharing techniques and looking at other people and giving them feedback.

I think it’s important for people to understand that the more riches there is in the world, the more people are wealthy, the better off everyone is.

So if we can all learn how to share information, the rest of it just leave it. Leave all the negativity, leave all the bad information and just stick to what works and share that, and complement each other.

We can build a much better society, much better economy and business will be more transparent which is what the blockchain essentially is.

So the inspiration for Wealth Research Group was after I ran for 2 years a boutique fund with only 20 well-to-do clients. So very wealthy individuals, they had had more than 10 million dollars in net worth and investable $800,000 with me. So we liquidate that after we made some very powerful investments.

And I thought the next stage is not to be involved with 20 people, it’s to be involved with something that I can build and share with the mass audience, with anyone who wants to build a financial fortress around himself and his family, and it’s not a well-to-do individual per se. So people don’t just lack financial education you’ve seen when you speak with people.

And it’s unfortunate because it drags down the economy, if people made better choices, we would not be in debt problems, we would not be in so much trouble with regards to future entitlements, to these retirees.

There’re so many problems with the US government and with European countries that are very old in demographics and are facing retirement problems. It’s all around the world and I’m talking about the good economies, not talking about second or third world countries.

So there’s a great need for financial education and I think people need to understand that third bucket, that bucket of investments, is very important, it’s a must for every person in the world to become an investor at some point in his life, the sooner the better.

In my opinion, if the educational system wasn’t built this way, people will start investing when they’re 0 because their parents will start investing for them.

Once they’re 18, they’ll already have 18 years worth of investments in their accounts, and they’ll know what to do with them because their parents would teach them.

“Here’s what you need to do with funds, here’s what you need to do.” So all people potentially can be entrepreneurs once they’re already 18 because they’ll live that lifestyle because that’s what they’re educated at home.

Tai Zen: So when you start The Wealth Research Group, now that has morphed into becoming another asset or another stream of income for you, is that correct?

Since this is mainly a cryptocurrency investing channel, could you share the top 2 or 3 mistakes that you made when you first got into cryptocurrency investing and maybe some of the 2 or 3 things that you could have done better?

Lior Gantz: I think learning from mistakes is the number one thing you can do. With regards to cryptocurrencies, I think my sins are those of avoiding opportunities, being indifferent to some of the cryptocurrencies that I’ve seen very early on and never took a position in. That’s a huge mistake on my part.

Tai Zen: That was also a huge mistake on my part too. There were so many projects that I could have easily put 1 or 2 Bitcoins in, which was very affordable for me at that time and I didn’t.

For example, the one that all my teammates still rubs it into me is with Stratus, I could easily put 1 or 2 Bitcoins into it when they had their ICO and I didn’t. And it was something that I could have afforded to, it’s not like it was gonna take food off the table or something like that.

Lior Gantz: Never put money that you need for food in your investable bucket. That investable bucket has to be totally separate, that money that you could afford to lose. The second mistake that I did was I didn’t grasp some of the opportunities for what they were.

We’re talking baby steps but for me, I’m already a seasoned investor and I’m confident with my investment so taking small positions is something that I should have avoided, taking symbolic positions even for me and some of the cryptocurrencies was a mistake.

Because it’s true nobody dies from small gains, it’s obviously being in the green is great but when you can pound the table and back up the truck on a real opportunity, that doesn’t come back, it will never come back that way.

It’s a mistake, you can’t look at it any other way, it is a mistake to not be a hog when you should be a hog. I could just think of the Berkshire Hathaway offices in 1987 when Coca Cola was plummeting in price on Monday and Warren Buffett was probably in there corking up champagne bottles because he’s buying Coca Cola shares, 60% of his portfolio was Coca Cola after that crash.

And just to give you an idea, that position cost him 400 million dollars and the quarterly dividend that he receives today is 15 million dollars. So every year he makes 50% on his investment just in dividends from Coca Cola in 1987, so that’s 30 years in the making.

And it’s an insane thought on how much he had to be confident to put 60% of his wealth in 1 company and that’s 60% of his shareholders.

So when you have to be a hog, you should. If you see a real opportunity, take a sizable position, it’s part of investments. And I think that mistake cost me in the millions.

Tai Zen: I used to work at an energy brokerage firm that had a Bitcoin farm there, mining farm there and that’s how I learned about Bitcoin. I was fortunate that I was educated about how to trade in the traditional stocks and Forex market.

And I understood the process of clearing and settlement, so when I see how Bitcoin can clear and settle a transaction so quickly, I put all my life savings into it. I would not do that today because the network is not the same as it was when I first started but I put my entire life savings into it.

Lior Gantz: That’s an amazing story Tai, I didn’t know that.

Tai Zen: That’s how I started. My partner, Leon, he thought I was nuts. He only put like a small percentage of his entire net worth in there and I put every penny that I could put into it, I bought it.

I even offered all my co-workers that if you buy a Bitcoin today in a year from now, if you lose money on it I’ll buy it back from you at the same price that you paid for it. The guys that work with me, they all know that I said that. Here was the reason why I did that, I believed in it, I understood, I did my research, this is the only time in my entire life that I put my entire life savings on technology is because I did the research.

And it was fortunate that I had transferred money between my broker and myself multiple times in my life so I know how long it takes, for something that just clear and settle instantly like that.

If you remember back in 2012 and 2013, if I send you a Bitcoin transaction, by the time we finished a phone conversation, it was cleared and settled in just a couple minutes and it was free. And I was thinking holy crap, how can this technology exist and not be valuable.

Lior Gantz: That is what propelled it, I think.

Tai Zen: And what got me was I didn’t have enough money to put into it, that’s why I offered to all my co-workers. I said if you buy these Bitcoins, and you don’t make any money from a year from now, I’ll buy it all back from you.

Because I knew that a year from now I would have more money and I could buy it from them, and I want to buy this year’s price and not next year’s price.

Lior Gantz: I remember that passion with 1 investment that I had many years ago so I know it’s an intoxicating feeling.

Tai Zen: But I think we also need to warn your audience and my audience also that you must do your due diligence, don’t listen to what we just said there and go take your life savings and put on one crypto right now and think that you’re gonna become a millionaire or anything like that. Make sure that you really do understand what you’re investing in.

Lior Gantz: We’re not in that stage anymore, it’s becoming much more competitive and much more diverse, it’s a professionals’ game now. That’s why it’s very valuable because this is not 2012 or 2013 anymore.

Tai Zen: So was there any other mistakes and the Crypto besides not going all-in whenever you needed to?

Lior Gantz: I think what you’ve done with the fact that you have partners that are research partners is a mistake that I’ve done because the capacity of research that I’ve done individually is not sufficient to take advantage of opportunities. Some opportunities I got calls about it weeks after it already launched and it’s a shame.

So leveraging or using partners or other services is truly important when things are going up. So you can seize more opportunities.

But we can’t eat the whole world so these mistakes at this point when everyone has made so much money with cryptocurrencies at this point, these mistakes are pretty good mistakes they have.

But in 5 to 10 years we’ll see very different mistakes than this because the blockchain industry will evolve so much that we’ll see obviously more companies default and mismanaged.

So there’s a lot of risks involved in the future of blockchain and more risk means obviously more opportunity for the ones that do succeed.

Tai Zen: A lot of people think that because we get flooded with a dozen ICO interview requests every day, and they offer to pay us to come on our channel so we can review their ICO.

And most of them we do not do it, because they think they can just pay us and then we talk about their ICO, hype up their ICO or pump it up.

And what they don’t realize is that the projects that we actually talk about actually do referrals from people that we trust.

It’s obvious to me that how to invest and you have experience investing and you have experience in taking risks and analyzing companies and analyzing projects.

And I know that you’ve made those mistakes many times before to get to where you’re at today. Whenever I talked to another trader or an investor, I can tell whenever they’re bullshitting. Because there are certain mistakes that you have to make in order to get here.

I grew up studying Wing Chun, you tell me that you practice the martial arts but you’ve never been punched in the face by accident or you’ve never been kicked in the face or never been kicked in the head and knocked out once or twice.

That lets me know then you must not have been very serious about it or you must have had a bullshit instructor.

Because if you practice it for real, just the times you punch and kick with each other, you’re gonna accidentally hit each other, you’re actually gonna choke each other or submit each other as you’re practicing.

So whenever I hear people talk about trading or investing, I can always detect when they’re full of shit. I know that he wouldn’t have known that unless he’s made that mistake multiple times before he realized that, I’m glad to hear that.

Talk about how you feel that your portfolio needs to be diversified? Do you have like 50% in stock, 30% in precious metals, 10% in real estate, in crypto? Could you briefly just do that?

Lior Gantz: Obviously, if you go to 2017, you can download my personal allocation of assets for 2017. About 20% or 30% of my net worth is always in cash, it’s always liquid, it’s always looking for opportunities and it’s always humbling because you don’t know what you don’t know so you always need cash around.

With regards to stocks, it’s usually 40% to 50% and it’s within that 40% to 50%, 80% is in the wealth stocks that I point out on the website, under the button “well stocks”.

Obviously, these are just the ones that are cheap and undervalued right now, but I’ve owned well stocks for 17 years.

And then with a small amount of my portfolio, I put it into the more speculative small sector investments like blockchain, like the natural resources sector, like technology, like Biomed, like cannabis which you mentioned earlier. But I’ve had a lot of success with it so it’s something that we share also.

Tai Zen: We have a lot of professionals, lots of engineers that follow our channel. And I don’t know how it is in the engineers in Israel but the engineers of America and most Western countries, they’re very mathematical and number inclined.

So when you say a small portion of your portfolio into speculative investments, are you talking about 10% of your portfolio, 2% of your portfolio.

Lior Gantz: It’s usually about 15%.

And the reason is that these opportunities are life changing and if you can master the ability to cut your losses, then you’ll be fine with them.

If you can cut your losses after 25%, 30% and let the winners fly and become a 300, 400, 500% winner. Just do the math, if you get a few wrong and you get a few right, you’re well on your way to becoming a much wealthier person.

Tai Zen: I want to jump in right there because you just said something that is extremely important and I want to highlight that in case the audience missed it. You said that put a little bit of your portfolio into each of these investments and you don’t need to be right on all of them.

And you can get stopped out on most of them but that small percentage that you are right on if they hit 4 or 5, 6, 7, 800, 1000% then you are going to make up all those losses and be up in ahead.

And I think that when you guys listen to the people who trade and invest, this is one of the keys that you look for to see if that person knows what they’re talking about because I want you guys to focus on how Lior just mentioned not about being right but having an investment system where statistically its favors you, it puts the odds in your favor. So that even if you’re wrong, you still make money.

Whenever you talk to traders and investors who claim to be right all the time, those are the ones that I would avoid because if there are real traders and real investors, they’ll know that investing is not about being right all the time, it’s about when you’re wrong, you cut your losses short and when you’re right you let it run and those big runners and those big winners is what makes up your profits.

So I just wanted to interject that because when I first started learning how to trade and invest, that was not brought to my attention.

The people that first taught me how to trade and invest would always tell me to try to be right all the time. And I realized that it’s not about being right, it’s about when you are right, how big are those winners, that’s what matters.

Lior Gantz: Two things and I’m gonna go to another interview. Regarding losers and winners, if you close your eyes and think 30 years to the future, you won’t even remember the ones that you took a 20% loss on because the ones that are winners, you can earn 50 to 100 times on them in a course of a career. VF Corp has gained me 47 times my money.

Who cares about another stock that is a 20% loss. So just figure you put $1000 in there and then you lose $200, and then there you win $46,000. Those small losses are part of life and you can never be right about every company.

Tai Zen: I know you mentioned that you have another interview to go to. If our audience wants to follow you or learn about your method of trading and investing in the markets and stuff, what is the best place for them to follow up with you, subscribe to your newsletter?

Lior Gantz: The main platform is the Wealth Research Group newsletter where we put out our research every 2-3 days, big-picture economy, lots of personal finance. And when whenever we finish 30 to 45 days, the diligence on a specific company idea, we release that research, we publish it and so you can subscribe on the website.

You just want to take this for a test drive and check out more information, go to special reports button and there’s a wide array of like great download PDF files. Take your pick and just enjoy it. The idea is that a rising tide lifts all boat.

Tai Zen: Are you active on Twitter or do you prefer that people who want to follow you just follow the newsletter?

Lior Gantz: The newsletter definitely.

Tai Zen: So I want to say thanks for taking the time out to come and share some interesting experiences, we’ll definitely look forward to having you back on our show in the future and get some insights from you again. So this will conclude the broadcast guys.

And if you guys like the interview here I did with Lior and have him on the show, give us a thumbs up. And when you guys subscribe to his newsletter, go check it out and see what he does and learn from it and then let him know that you guys heard about him from our channel.

Thanks for joining us on this live broadcast today guys and I’ll send this out to our list of subscribers so that if anyone who missed it live can watch it also, so expect some people to possibly subscribe to your newsletter from there also. And thanks for joining us today and this will conclude the broadcast.

Also if you like these types of interviews we do with people that we find that are real investors, you guys can follow us at and you guys can get more interviews like this. So this will conclude the broadcast and thanks for joining us today Lior.

Lior Gantz: Thank you for having me.

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