Hello, whinabbers, my name is Jesse Meekam, and this is podcast number 75 for

you need a budget, where we teach you four rules to help you stop living paycheck to

paycheck, get out of debt debt and save more money. Today though I want to talk

about making money how I tripled my money in the stock market. It was 2005 and I was in a class at the university where it was

called entrepreneurial perspectives. It was my favorite class and people would come in and speak and those they basically had made it big.

They would come in and just share how they made it big and we would all just lap it up and one guy came he had been in the

Air Force and started his own mutual fund or mutual fund because he loved

investing and all of these pilots that he worked with would say,

hey, I heard you are into investing,

would you invest them in my money?

And so he got it all set up and literally

started his own mutual fund.

And he does really well or did back, you know, seven years ago, really well. I mean his

returns were phenomenal and most of the money was his but he managed other

peoples as well and it seemed like he really enjoy what he was doing.

During the presentation, he was showing us his current holdings, his portfolio, and he shows it up on the present you know on the PowerPoint slide and

says hey do you guys have any questions and one of the students raised their

hands and said what's that SMD stock and he says oh yeah of course you'll you'll point out that

one that's the big loser on my portfolio and he had purchased a pretty big chunk of this company, SMD, was the ticker, and it had gone down by,

it's hard for me to remember the exact details, but I believe it had got down from when he had

purchased it about 50%. And he told us that the company made karaoke machines and he had done

a lot of research into him and chatting with their board and all this stuff

...