I Just Bought $20,000 Of This Stock

00:00 Introduction
01:09 Why I'm Buying Intuit
21:29 Microsoft CEO Interview
29:00 Elon Musk Interview

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About Joseph Carlson:

I am not a professional investor and have never claimed to be. I'm an amateur investor sharing my experience of what I've learned, where I have had success, and where I've had failures. I share my thoughts on investing and performance with transparency. My approach and goal to investing is to buy high-quality long-term investments in world-class businesses that I call "compounders". I view my investments as businesses, not as stocks. Before creating content on YouTube full time I worked as a senior-level programmer for 8 years. Over the years as a programmer, I compounded my knowledge of development. I take the same iterative learning approach to my study of investing. I study investing as a craft in the continual pursuit of being better. I will make mistakes in investment decisions from time to time. Results are not guaranteed. Please do not blindly follow me into any investments, and make sure your portfolio and investments are built around your specific income, risk tolerance, personality, and timeline, and overall circumstances.

[billysignoretti]

Intuit has some pretty significant risk on the horizon with the IRS rolling out a pilot program for free tax filing starting in 2024. Especially since they've already had government trouble with TurboTax after last years settlement for their predatory and deceptive marketing practices.

[benjamindavidson]

I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!

[slickfavorite]

I did an analysis on intuit a little over a year ago and settled on no. I don’t consider many of their products to have much of a moat. That is from personal experience, (freetaxusa better than turbo tax) and through some interaction at work with their other products. None seem like best in class and they really gouge their customers in a way that they do not feel they are getting value. I think they are in the downtrend of their business life cycle. Also seems a little expensive. But could be wrong about all of this. Hope you do well on it.

[mishagreen]

[26:57] A CEO of a for profit company, saying that he’s doing the deal to increase competition. Straight to the camera. There is no shame.

[NIKO]

You should have addressed the IRS tax filing news, thats why I just sold Intuit

[sckirbyc]

Im really confused here. Why even show your account growing if its not organic? You putting more money into your account confuses people into thinking your account is actually making money.

[terrelmoss]

Joseph what’s your thoughts on BlackRock?

[youtubesucks]

With all due respect, I hope intuit goes out of business.

[Samedayservice]

In regards to the Disney deal while I believe their spat with DeSantis definitely made their decision easier, this plan was set up by Bob Chapek, so I could totally see Iger axing this just to save some money while they figure out if streaming is going to be enough to replace their legacy tv stuff, just a Floridians opinion though ❤

[soup]

Elon Musk isn't the founder of Telsa, bro. C'mon Joseph. You know that's not true

[JoeSmithABC]

I think Intuit's future is bright, and Quicktax is really solid for me, but I'm just not comfortable with the amount of lobbying a lot of these tax prep companies reportedly do to make our tax filing lives more difficult.

[fundrisefanfam]

Elon Musk is not a conservative. He says so repeatedly.

[Particle_Ghost]

I was an Assistant GM for Domino's for 5 years, don't even get me started on that company.

[akthewhomp]

I am very envious of your portfolio, I can only manage to deposit a measly $300 a month into my acct. maybe one day I’ll get there.

[avalon]

The interview with Elon as a whole is the entire reason why I feel like this world is going down a dark path. In this era of tech people blindly follow and make it to where words effect them. People are saying words have impact one multiple things in life. Which is correct to a certain extent. People need to learn to think for them selves and stop being hurt or get so upset of someone else’s words specially when they are literally just that, words. Make your own decisions and live your own life stop being but hurt bout everything in life seriously.

[valueradar]

I really try to not mimic your stock picks but your investment philosophy and stock analyses are extremely logical and agreeable. My knowledge has expanded, my strategy is better and my portfolio continues to fine tune itself as I have followed you on the journey from just a few thousand subscribers to where you are today. Hence, my portfolio appears to look more and more like yours, although in my defense I can at least say that I picked up Intuit before you brought it up on the channel recently (and one or two stocks prior to that hehe, pure beginner luck though!

Thank you so much for all your brilliant content, Joseph. I'm wishing you all the best, and tremendous success with Qualtrim and YouTube! I'm subscribing to your Patreon soon. 🙂

[spacedevice]

It's a bit disingenuous to compare Disneys political statement with Elon's being as Disney made one statement a year ago and then had the governor actively target them, is trying to remove their special district status and carry out a concerted effort to punish them for speaking out against him.

[wltrglxy]

Hey, joseph!

What do you think about IRS making direct tax filing permanent? How will it affect intuit.

Appriciate it!

[vinay]

Elon Musk isn’t necessarily conservative. He’s a libertarian!
We need more such people…🤔

[Jimmy-Chin]

Hey Joseph, can you update the links for the pie charts? Doesn't include this new holding of Intuit