Investing Myth

How I got here…

21: Graduated Vanderbilt in 3 years Magna Cum Laude, and took a fancy consulting job.
23 yrs old: Left my fancy consulting job to start a business (a gym).
24 yrs old: Opened 5 gym locations.
26 yrs old: Closed down 6th gym. Lost everything.
26 yrs old: Got back to launching gyms (launched 33). Then, lost everything for a 2nd time.
26 yrs old: In desperation, started licensing model as a hail mary. It worked.
27 yrs old: "Gym Launch" does $3M profit the next 6 months. Then $17M profit next 12 months.
28 yrs old: Started Prestige Labs. $20M the first year.
29 yrs old: Launched ALAN, a software company for agencies to work leads for customers. Scaled to $1.7mmo within 6 months.
31 yrs old: Sold 75% of UseAlan to a strategic buyer in an all stock deal.
31 yrs old: Sold 66% of Gym Launch & Prestige Labs at $46.2M valuation in all-cash deal to American Pacific Group. (you can google it)
32 yrs old: Started making free content showing how we grow companies to make real business education accessible to everyone (and) to attract business owners to invest or scale their businesses.

Today: Our portfolio now does $200M/yr between 10 companies. The largest doing $100M/yr the smallest doing $5M per year. Our ownership varies between 20% and 100% ownership of the companies. Many of them we invested in early and helped grow (which is how we make our money - not youtube videos).

To all the gladiators in the arena, we’re all in the middle of writing our own stories. The worse the monsters, the more epic the story.

You either get an epic outcome or an epic story. Both mean you win.

Keep crushing. May your desires be greater than your obstacles.

Never quit,

Alex

*FULL DISCLOSURE*
I make content to make money - just - on a longer time horizon than most. I want to build trust with business owners so we can find the best ones and help them scale. And if they’re awesome, write them a check and go all the way as partners.

[Firstname_Surname]

Concentration builds wealth, diversification preserves it

[henryjubeda]

Yes, focus on established small companies who made it through the first 5 years and spent that time building something that can disrupt an entire market. I'm currently betting on Fringe fi for this purpose.

[sergenalishiwa]

Are you saying individual stocks are better than an index like voo?

[RawFinancialNews]

If you're just talking retirement, roth IRA put in individual stocks that can be the next big thing or SP500 (described below.) 401k and traditional accounts can be dollar cost averaging into SPY low fee index fund of sp500 and even down years only slow you down a couple years but overall it's more stable than you realize, you can sell when it goes below the uptrend in tax deferred accounts; but you'd get taxed in traditional accounts. When you retire, you can sell covered calls from your Roth IRA tax free income; so you might want to just do sp500 there too if you have enough time to grow it to a significant amount. A world class trader can do better, either day trading (harder) or monthly trades.

[realcaramelli]

Concentrating into one company can provide overall higher returns, but will produce lower risk-adjusted returns.

[greyaliien]

Mark Cuban has investments in 100 companies. There's no myth, just different strokes for different folks

[gabelwerfertv]

I bought your book 100M offers and I am very disappointed. Never had such a chaotic written book in my hand and I read a lot. I am sorry to say that. Almost feels like a scam.