Conner Young

Ran the numbers on a $500K house at 6.75%. Live there 7 years, then sell. -Monthly payment: $2,594 -Total payments: $217,929 -Interest paid: $181,079 -Principal paid down: $36,850 Seven years of payments and you own $36,850 more of the house than you did on day one. Add property taxes, insurance, maintenance, closing costs and the 6% to sell it, and roughly $355K is gone for good. You walk away with about $215K of equity, most of it your own down payment plus appreciation. Now the other path. Rent at $2,900/mo (rising 3%/yr) for the same 7 years: about $268K gone. Take the $100K down payment and put it in the S&P 500 instead. Using the actual last 7 calendar years of returns, including the -18% year in 2022, that $100K is sitting at roughly $305K. $305K in a brokerage account vs $215K in a house. And the renter spent $87K less getting there. Before anyone yells: the last 7 years were one of the strongest stretches in market history. Run it on the 2000s and the house wins. This is a backtest, not a forecast, and past returns don't promise anything. But "renting is throwing money away" is a bumper sticker, not a spreadsheet. Run yours before you sign.

There’s no such thing as long term capital gains taxes on stolen land.

Claude just got me 3 financial advising referrals. I have a client that has a son that is a professional athlete in a niche sport (sorry have to be vague). Anyway, I had this idea to get claude to always get alerts every time his son's name pops up or does something and then give me notifications with the link to tweet/article and then I send the client a text: Something like: "Wow, this video of Jack is amazing!!!" Did this for a few weeks now. The client just called and said he loves that I see videos before he does. And now there's 3 other athlete families that he knows that all need planning help and that he's group texting all of us. Once again, you are not using AI enough.

Narrator: Nah

When my daughter asks me what I do, I show her this.

Only one man can save us today...

If you want to become an advisor/CFP and just about to enter college, please seriously consider accounting as your major. I'm begging you.

“Will Anthropic IPO at $2T???” I use Claude every day. I can confidently and proudly confirm that I am part of the $16.8B that Anthropic generated in revenue last quarter. There are mixed feelings right now about the timing and valuation for their IPO next month. They are aiming to list at the largest valuation in IPO history at a reported $2T. That would beat the standing record holder (SpaceX, $SPCX, priced at $1.77T in June) by $230B. I don’t own any equity in Anthropic, but we have clients who do. And so many more investors want in on the IPO. We are making everyone read the S1. Don’t just read the popup articles or clickbait pages. The url is at the bottom of this post. Their revenue has arguably grown faster than any company in history. They made $41M in 2023. Now they make $41M in about 6 hours. I really feel like that isn’t registering for the funds and investors poking this IPO with a 31 ft stick. This company makes its entire 2023 revenue every 6 hours. (2023 was 3 years ago.) If that math is now mathing, then I do understand and like the rebuttal of “How on earth can that pace continue?” Short answer: it can’t. And that’s ok. Ant’s valuation exploded 500x in 3 years. That’s not normal. If it does IPO at $2T, I can safely say it will not 500x over the next 3 years to $1Q (that’s 1 Quadrillion wtf). So for the people that just buy stocks off vibes trying to understand “how much and how fast can this actually grow,” you’re looking at this wrong. This is a company that has AT ALL COSTS exploded their revenue. Their net loss for H1 2026 is $80.7B, after $42B in all of 2025. They’re running the Russ Hanneman playbook and throwing all the gasoline on the fire that is the ALMIGHTY TOPLINE, because they know that number by itself is the anomaly. They raised money with convertible notes and SAFEs that get remeasured every time the valuation jumps. (Yes, roughly $72B of the loss is remeasurement.) But that is the visible price of how they financed: in six months they transferred about that much value to note and SAFE holders. Call it non-cash all you want, it’s pre-IPO dilution being marked to market. The people absorbing it are the Class A buyers at $2T. Yet, I’m less worried about that net loss than I am about the $450B of compute deals Ant has signed with the cloud giants. These deals are mostly not cancellable. They have to be paid. And Ant has roughly $35B of trailing revenue including the reported Q3. That’s 13x committed costs. Ant clearly expects revenue to *checks notes again* keep exploding, but it’s risky. And the suppliers who can kill you are the competitors who want to. HOWEVER: from mid 2025 to mid 2026, the operating loss SHRANK from $2.1B to $693M while revenue grew 14x. Companies do not shrink losses during hypergrowth. And yet, what if everyone has it backwards: the debt IS the bull case. Calendar 2026 hyperscaler capex is guided near $800B, with $380B of compute, heading past $900B by 2028, funded increasingly by bonds ($220B of issuance), $820B of off-balance-sheet leases, and pc. Every dollar of that borrowed capacity must be filled or the debt doesn’t service. Ant is the highest-monetizing enterprise workload in existence. The hundreds of billions hyperscalers are borrowing are essentially pre-funding Ant’s customers, who are 9x-ing their spend (900% net revenue retention, a number nobody has ever printed before). “ITS AN AI BUBBLE!!!!” I get it. Everyone shares the viral circular-money picture: debt raised by hyperscalers, dollars flowing from Amazon and Google to Ant and back again. I think the picture itself is the proof of the bet. Amazon, Google, Microsoft, Oracle, Meta etc. are all saying “We’re going to be the leaders for every business, person, dollar that wants AI.” They are betting that you and I are going to 100X the amount of time we actually spend with/on AI. Don’t listen to me or anyone else, go read (& learn fundamental investing) and make your own opinion. S1: sec.gov/Archives/edgar/data/… For the love of everything, this is not investment advice.

Proud to report that our firm is now officially one of the two customers representing 20% of Anthropic’s revenue!

If you’re a financial advisor not analyzing every investment for your clients… What. Are. You. Doing?

Totally shocked and happy for how this blew up! I cannot get to all messages/dm's so if you want to attend/virtually attend and retreat details, you must sign up: crossoverhq.com I spent the last 15 months hounding the best advisors who create content. In November, 12 of them are joining me in Austin. I’ve always had a love-hate relationship with conferences. The best thing I get out of them is the conversations with other great advisors, so we decided to build a retreat to create and solely focus on those conversations. We're calling it the Crossover Retreat, and here’s what’s on the agenda. • A sunrise 5K along Town Lake • Breakfast with a (super special) surprise guest speaker • Golf • Meals at the best restaurants Austin has to offer • Conversing and learning with and from some awesome advisors running amazing practices And, of course, two main sessions: Start to Service: How each advisor brings clients in and serves them, and the one content format that has actually driven business. Building the Machine: Pulling back the curtain on everything behind the scenes in ops, investment management, compliance, marketing, hiring and running the practices/firms. Everything is set up so advisors can be open and honestly share what’s been good, the bad, and the ugly.

How seriously should I be examining these 'leaks' of Anthropic's S1? I want to rip it apart but how legit are they? Then again, is Anthropic just 'accidentally' leaking their biggest financials out to get a consensus on a mkt cap and IPO price?

Looking at my outfit options today that also coincides with the biggest meeting of my career with a Family Office. What do you guys think? #vaspursva

Pro husband tip: Ignore college football (especially if your team sucks) and tell your wife “Let’s go to the pumpkin patch and take pictures of our daughter.” Massive W

BIG NEWS!!! I will not be launching any course ever! This is a huge blessing and something my wife and I have prayed through and I’m just so excited. There’s NO Course! No online community or discord group! NOTHING! I don’t have anything to teach you! Ever!!! Wow, for everyone that kept encouraging me and pushing me - THANK YOU!

I was at a Buffalo Wild Wings watching this live and knocked over a waitress and three tables when he dunked this.