저자: Kevin · 외국인
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유튜버 Kevin이 자신이 만든 액티브 ETF '미트케빈 프라이싱파워 ETF(PP)'의 청산을 발표. 운용 기간 약 18개월, 최대 운용자산 약 4500~5000만 달러. 수수료 0.77%이나 법률·은행 비용 등으로 본인이 약 100만 달러 손실을 봤다고 주장. 초기 테슬라 비중이 높았고(19→25%), 9월 금리 인하 후 금리 민감주 부진으로 성과가 악화됐다고 설명. ETF 운영사와의 실행 지연, 25% 비중 제한 등 규제 문제로 운용 통제권이 제약됐다고 언급. 이후 집중할 사업으로 하우스해크(부동산 회사)를 제시하며 5% 수익 지급 구조를 소개.
다듬은 글
well it's official my PP is closing it's shriveling up it's shutting down in this video I'm going to tell you about my experience creating the first ever YouTuber Le exchange traded fund the UPS the Downs how much money I lost doing it and uh yeah we'll talk performance this is exciting I kind of feel like I'm a little bit of a dream world right now it's just like surreal I mean look at all this crazy stuff around heree you know this is like a one a lifetime thing here uh just being inside this building there's a lot of history right here it happens in the blink of an eye cuz you just can't believe that you're there the fact that a YouTuber has now gotten to the level that we're here cuz of his ETF I mean you know people work here their whole lives in in the city and never never go into that building and and step foot on that floor it was a once in a-lifetime experience Kevin if you're watching this right now you absolutely crushed it we are inside the New York Stock Exchange and I'm giving you an exclusive behindth scenes tour of what it's like to be on the trading floor during the closing bell ringing this is so exciting and such an honor coming to you from the New York Stock Exchange to but first I want you to meet summer he summer this is summer this is our miracle baby she had a 50% chance of surviving uh last February which means you're now one there's so many lights here she's getting a little nervous in here hey are you actually happy no you happy anyway this is summer you can play with that if you want she's beautiful I love her a lot and she's a well she's technically a triplet but she's also an identical twin so uh we'll see maybe we'll bring in her identical towards the end of the video depending on uh how she uh she handles if you will uh oh okay G to all right anyway uh let's get into the video well uh summer does summer things so first I I want to start with why why did I want to make an ETF frankly it's because I didn't want to launch a meme coin I I really wanted to create something that would last and had a legacy you know not something that was like some pump and dump in fact you can't even pump and dump an ETF like just so you know an ETF is just a basket of stocks you pick and the value of that ETF is defined by the value of the underlying stocks right so it's like if you're 10% Apple uh and apple goes up 10% your ETF goes up 1% right because it's part of the pie so there's no like pumping and dumping an ETF you can't drug pole in ETF it's the most legit thing you could do I got like seven different licenses finra licenses Financial advisory licenses a lot so yeah I mean that means I'm actually a licensed financial adviser uh and I really wanted to do and and create a product that was great because ETFs have this really cool thing where not only are they transparent actively manag so you know you could send emails like hey here are the buy and sell alerts kind of like Ark invest does right uh but you can also go ring the bell at the New York Stock Exchange which I invited course members to come join us and ring the bell at the stock exchange this was before I had little babies uh you know I've got seven now seven kids uh but um you know I I wanted to provide a service the right way uh and not only provide these sort of transparent emails but also take advantage of the tax benefits yeah that she heard tax benefits it gets excited right away you like that tax benefits the tax benefits of an ETF actually pretty cool cuz you could kind of 1031 exchange stocks just like you can 1031 exchange real estate the problem is they're really cost prohibitive uh and but I was okay with that you know so like there were a lot of upsides and there were really cool things we got to do and it was cool having uh you know if you typed in meet Kevin into a stock broker it's just like oh there's the me Kevin pricing power ETF ticker peee you know it was great but then came the down sides the downsides she's eting my calculator are you ready to go no do you want to stay or should I bring your sister or your brother anyway so the downsides uh number one I lost money a a lot I I would guess I'm probably down out of the whole like advisory you know plan and Biz and the ETF thing yeah uh somewhere around a million bucks uh and that's because even though we were charging 77 basis points which you know it's it's a decent amount for an actively managed ETF it's the average is somewhere around 75 some charge 1% one some charge one and a quarter or whatever um you know but it's not as cheap as just an index fund right yeah yeah the problem is I don't really get any of that and I was okay with that I was okay subsidizing it because I'm like ah I think we can long-term create something great here but you know all the bankers the suits the lawyers they all get their hands in the cookie jar and basically you're left feeding the kitty so almost every month you're paying them uh you know lawyers and and whatever uh their fees you're like all right I I hope I'm doing a good service here for people but it wasn't just that oh guess what this is violet this is uh Summer's twin hi violet yeah you always get a little bit more nervous around strange things anyway so uh after just the fact that it costs money if it was just that it was okay I'm happy to keep contributing because I thought we were building something great the problem is there's a second downside and that's the stress of Performing and don't get me wrong we we had our ups and downs uh there are definitely you know cases of having a publicly run fund where it's sort of like okay yeah you kind of have to evaluate does it make sense to go through all of sort of the publicity that comes with it because you think it's good but every single time you buy or sell a stock somebody's like oh uh why' you do that why why' you do it that way Well why'd you do it that way or why didn't you do more or whatever and sometimes the answer is frankly regulation so it's like not actually up to me and we'll talk about that in just a moment so on screen here you could see the meet Kevin pricing power ETF at its peak I think we had somewhere around $45 to $50 million of assets under management uh ETFs are usually viable starting at like 40 to 50 mil and there were some months where we were actually like positive like we were getting money back after all the money that has gone into this uh and like launching this you know it's it's it's a lot uh like we said probably somewhere around a million dollars into the whole advisory side it's it's wild uh it it it that's like net L right so I don't recommend it if you're trying to make money but again I was trying to do you know have like a legacy product right uh so what you can see is we actually with the exception of like the first two weeks of when we launched this is frankly when Tesla like tanked uh we were pretty Tesla heavy we started out at like I think 19% Tesla and eventually we got it up to 25% Tesla I'll talk more about that in just a sec uh but you can see we actually outperformed the S&P 500 for most of the 18 months I'd almost say with the exception of those two weeks here all of the first 18 months uh until right over here the turning point in September uh unfortunately when Jerome Powell in September cut rates 50 basis points I'm like this is it the moment interest rates sensitives will do well um apparently um interest rates just decided to go up after we cut rates 100 basis points which is is only similar to what happened in the dotc bubble of course we're definitely not in a bubble right now but anyway uh there was there was some mispositioning here we'll talk about why in just a moment but let's just put it this way the public stress that goes with this is insane and if you're losing money uh on the actual fund and when it's performing well nobody cares like it's not like people are sending you letters going yay thanks so much it's doing so well nobody cares except when it's underperforming then everybody cares and you're the idiot right anyway so yes this this period of time over here was an oopsy we'll explain more in just a moment on that but these are these are serious downsides right so it's very very expensive uh the stress of Performing is Max in addition to that like it robs of other things that you could be doing that you know make money like for example you could make more YouTube videos or you could focus more on house hack house hack by the way that is going to be my True Legacy product because well it's kicking butt it's positive cash flow we've got you know what $60 million roughly in assets the company's probably worth somewhere around $100 million uh it is a fantastic company and we're doing really well we we basically doed it we did we have an extremely efficient company now uh we cut every expense that we possibly could just to make the company run as efficiently as possible and now we're kind of sitting on a pile of cash and we're like all right let's do our adus let's do our business expansion plans for you know more real estate Acquisitions that's what we do uh and then we also pay investors 5% right now just accredited but but side note we did file for the non accredited round and we hope we could start uh talking about the non- accredited raise where basically you get 5% yield if the stock goes up you get upside you don't have to be accredited and the company's real estate backed obviously a lot more details on this this this video is not a solicitation because you know we don't have the regga a ready to go right now we only have the accredited that's in the background and we'll probably close that and then open up the the reg and they're a little bit different any anyway but point is house hack is a great company and I think I make good YouTube videos so we got a great company house hack and I think I make good YouTube videos I could do more of these two things both of which make money and provide value for the people who watch my content or the people who invest into house hack uh provide a return for them so why not do more of that and double down on what's working rather than try to spin all of these different plates and and and kind of like lose my mind and a little bit that's sort of what's happened uh and so this aligns with not only why I was absent over the last uh frankly uh you know 4 days here but it aligns with a course announcement that I made although I wasn't expecting to get uh or or to have to make this video today I'll explain that in just a moment as well thanks anyway more on that in just a moment uh but I actually just made this big announcement and I thought you would see it too because it really aligns with this announcement and so this is like if you're looking for an entrepreneurial lesson in this this is a good one to pay attention to you ready for this all right uh here it is so hey everyone me Kevin here I listen to your feedback uh you may not know but I pay attention to the problems and I value your feedback the hard part is action and that's what happens now and so I made a list basically of what I call Kevin's crap uh and so I talked about how uh because of some of the stresses that have been going on recently this you know PP being one of them I was on a a personal trading Hiatus uh my consistency with the Daily Wealth email wasn't good I want the alpha reports to come out earlier I want the course member live streams to be more consistent real estate has taken like real estate analysis has taken a bit of a second fiddle uh my routines were a little out of whack I was spending too much time on Twitter or X just scrolling and it was like Doom and Gloom and depressing uh the titling and and when I meet Kevin reports the videos with the multiple topic uh topics in them uh you know when those come out that wasn't very clear all of this is like part of a symptom of just having too many things spinning around too many plates right uh and so what I decided to do uh to is basically start cutting out everything that I potentially can in my life that is not Mission critical and in this case that is Mission critical to YouTube mission critical to the Family Mission critical does house hack that's it like everything else I really just want to cut out so I could focus uh and so uh in in honor of the people who've joined the courses uh you know we're now upgrading the courses to where we're actually going to do daily live streams so not just when the market is open but this is going to include weekends and holidays and you could read this all on screen here this is 4K so just open it up and you can zoom in I'm not going to read you all of this uh but we'll do daily live streams beginning at 5:10 a.m.
Pacific through 6:45 a.m. it's basically the public market open live stream except with course members and we go into even more detail fundamental analysis real estate analysis economic analysis news reactions whatever I'll do my meet Kevin reports at 9:00 a.m. every single day I am I turned on notifications for Discord so the course member Discord instead of uh notifications for Twitter X right I can't stand that uh and we'll have some new trumponomics lectures coming out on April 11th uh we're probably going to do free course member mini uh masterminds anyway again you could read all this if you wanted to you don't have to uh but the point is like this this idea of sort of consolidating what's going on and what I'm focusing on uh aligns with shrinking PP and Tiny PP PP going away basically PP going bye-bye uh so as a result we're doing a coupon code uh you know called tiny peee so if you actually want my buy sell alerts for trades that I'm making or Investments that I'm looking at or analysis that I'm doing uh use coupon code tiny P get lifetime access to all thoss fundamental analysis trade alerts everything in there most popular course right now is trumponomics by far we've got new lectures coming out in April they're going to be amazing this now brings up the next problem which is having a boss so we used an ETF company even though we're Financial advisory firm we used an ETF F company to help us build out this ETF uh and there are a few things to know most the most popular ETFs today are just called thematic ETFs so they're kind of like oh yeah 2x leverage Tesla or yield producing Tesla uh whatever like active portfolio management isn't that popular in active ETFs because it's much more interesting to do like 2x micro strategy and and those ETFs do a lot better uh they get a lot more money and they actually make money even though they're not like helping someone with a portfolio they you know they they give you what they promise I suppose some sort of leveraged return or specific strategy or theme but uh if you're going to make your own active ETF you're probably going to hire an ETF company to help you put it all together it's kind of like hiring a real estate agent to get escrow and tile and all the lawyers and bankers and everyone involved the problem is you're stuck with problems that come with that you're stuck with delays in order execution disputes over rules and unnecessary complications couple examples legit happened it really pissed me off you put in an order at $840 to sell a stock they don't end up putting it through until it's $790 like bro what the hell stuff like that drove me nuts another example I the premise of the ETF was that it was going to be heavy Tesla and so I purposefully kept buying when ETF was when when Tesla was falling so that way we would use more of our cash and increase our exposure to Tesla well then Tesla started running and I get an email from the company and they're like oh Tesla's not allowed to be more than 25% and I'm like bullsh I created this ETF because I read the rule it's right here here's the IRC Market appreciation test if the stock goes up because of Market appreciation you don't have to be under2 5% in other words if you're at 25% it could as a non- diversified ETF blah blah blah you don't need to know all that stuff basically if it Market appreciates over 25% it's okay and because nobody's going to force you to sell it but I got forced to sell it anyway so it's sort of like we went from being a number one or number two Tesla exposure ETF to being forced to sort of Rebrand which is really annoying because then you have to kind of rest strategize but when you R strategize you could make a mistake and unfortunately that's partly what happened I'm not blaming anyone I'm just I'm saying like it sucks like the circumstances of what happens sucks and it's frustrating because some of those things are out of my control it's imagine you hitting the cell button and then you know you're relying on somebody else and then they're out for lunch and they don't see your email until way late or imagine you know your stock like I don't know you buy poun here and then it's running and then somebody calls you and says you have to sell it and you're like no no like the run is just getting started sorry bro it's like that's bull crap so all of a sudden this didn't actually feel like it was my ETF anymore it was actually just somebody else's ETF and I was just sort of like the marketing face of it and I'm like well this is bull crap because you're just making me look bad and in doing so I'm not fulfilling the mission of what are goal was for people so this was very very frustrating what's also very frustrating is yesterday I made the decision uh to pack up the peepe which honestly was came hard like I kind of think it's fun to talk about peeee but it's just going to have to live on as a memory I suppose uh it'll be it'll be a good memory it's a good experience it's life experience I learned a lot but compliance is uh not necessarily where you want to live your life put it that way uh but yeah I mean like so I made this decision yesterday and then with like two hours notice today I get a heads up that oh by the way we're going to post a notice uh and and I didn't see the email until all of a sudden I started getting messages of people like ah pee's closing why didn't you tell us and I'm like bro y y'all seriously didn't like email me and say like hey let's work together on posting a YouTube video or posting a press release or explaining what's happening instead you just okay we filed it again it's fine let bygones be bygones move on I'm not mentioning anybody by name here uh it's just it's just frustrating there there are things that are frustrating and it's just because I think frankly you're you're dealing with uh a lot of uh and this is no shade on bankers and lawyers but like there I don't know there's obviously some kind of major disconnect between uh how a fund manager wants to operate and then bankers and lawyers who need their fees sorry I'm just frustrated because I was really excited about this and that's why I was willing to sync you know seven figures uh into this this Challenge and I don't want to come across the saying it's someone else's fault I blame myself but I will say I learned a lot I know when to trust the system when not to trust the system I learned a lot about how it works where the problems are where the upsides are where the downsides are so if anybody ever needed a Consulting on what to do and what not to do I feel like I spent a million dollars on the best Wall Street education you could get and I'll tell you I don't know if it was worth it I don't know because it's so frustrating so anyway so uh this has been tough but the good news is uh it's obviously it's also been very like emotionally stressful for us but uh it's alled me to post fewer videos and and it's been a just sadly it's become a distraction but now what we're doing instead is we're going to go deep on what we know we are good at that is YouTube value for our course members and through that we will raise money for house hack and we will make house hack the best real estate company that exists we're just going to keep grinding we're already doing really well I was supposed to do a house hack update video which I got delayed because of this this ETF drama which I apologize for I'm not trying to make excuses it's it's it's a lot but I'm calibrating it's all getting calibrated have to get through sort of the the road bumps of life if you will uh but anyway if you want to join and get all the buy sell alerts that we've got make sure you join over at kevin.com use coupon code tiny PP we we'll have that up for a little bit and uh there'll be a big price increase once we start getting some of this new uh content out and rolling daily live streams you can join me there every single day talk to me ask me questions whatever you want analysis you'll see my analysis on Tempest AI for example or my you know commentary on anything that's that's hot to trot or why something's up or down or what's an interesting long-term versus shortterm and you get to meet Kevin Alpha reports for free for life all of it like once you're course member take care of you so check it out but anyway uh I apologize you know look this is not how I wanted the pp to end uh but um but that's okay when one door closes another one opens and honestly I think we've got some really good doors opening for house hack I couldn't be more excited about house hack uh and the future for house hack and uh maybe one day uh house hack will go public and uh it'll take the ticker PP or a different one I don't know it doesn't have to be that I'm kidding but it it is it does feel sad to see my ticker to see my pee pee go away
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