#wolfofwallstreet #wallstreet #investment

On the episode of Raz Report, Jordan Belfort, "The Wolf of Wall Street," discusses his skepticism of penny stocks, his advocacy for low-cost index funds, insights for retail traders, concerns about mutual funds, his upcoming humorous book on investing, and his positive outlook on relationships like his recent interaction with Grant Cardone.

Top Topics Discussed -

- Penny Stocks: Belfort doubts penny stocks due to inflated market caps and susceptibility to manipulation.

- Investing vs. Speculating: Belfort advises prioritizing low-cost index funds for long-term investing over short-term speculation.

- Retail Traders: Belfort acknowledges retail traders' improved tools but advises a passive investment approach, considering institutional advantages.

- Mutual Funds: Belfort views mutual funds negatively, citing underperformance and high fees compared to index funds.

- Upcoming Book: Belfort is launching "The Wolf of Investing," a humorous guide to Wall Street, investment strategies, and outperforming traditional money managers.

- Relationship with Grant Cardone: Belfort bears no grudges post-disagreement with Grant Cardone, wishing him well and recognizing his personal growth.

- Audio Book: An audio version of "The Wolf of Investing" will be released simultaneously with the book.

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