Episode 3 · 2026-06-12
The 17-Year-Old Starting His Own Fund Who Says Day Trading Will Never Make You Rich
with Sam Mitchel
A teenage investor building his own fund breaks down what young people actually need to know about money, risk, and building wealth before anyone teaches them.
show notes
MINDSET — most kids: save or spend. there's a 3rd way → invest — think about the future. not just right now. — "once you're out of hs, it's real" RISK — smart risk ≠ dumb risk... both need you to pull the trigger — lose? don't blame the market → that's where you really lose — own it. accountability = the actual separator INVESTING ★ always get a 2nd opinion. even a 3rd. ↳ he pays for research reports before investing anything — invest in anything with future value: watches, shoes, people — flip stuff but at scale or don't bother — crypto: can't analyze it like stocks. luck or knowledge. ✗ DAY TRADING WON'T MAKE YOU RICH "you won't find a billionaire day trader. it just doesn't exist." no capital + emotions = disaster MARKETS — AI: 1,000 companies doing the same thing at crazy valuations — whole market on 1 thing = not healthy → bubble? — diversify. asset classes + countries. SCHOOL — doesn't teach: risk mgmt, diversification, taxes — college: only if you need it. smart + have a plan → get out. COURSES = BS he bought one in 8th grade. "foolish." if it actually worked, they'd use it — not sell it. SUCCESS & AGE — age doesn't matter past ~14/15 if you know your stuff — not a fair chance. but a chance. — ur dad = ur best investor (time, knowledge, $) STEP ONE → just reach out. talk to people. seriously. — don't let emotions run the show — "it all comes from God" ★