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- 💸 Bitcoin Back Above $100K!
💸 Bitcoin Back Above $100K!
& $600B in share buybacks announced.
Austin & Robert from Rich Habits
May 08, 2025
Together with Your Best Credit Cards
Happy Thursday,
Quick shoutout to all fellow Bitcoin investors out there — we’re now back above $100K! Fingers crossed this rally lasts a while and we make break toward $120K — $140K this summer.
Public.com
Don’t forget, if you’re someone who has held Bitcoin for years and are very much in the green — consider taking some profits and reallocating the funds elsewhere in your portfolio.
Austin shared his Bitcoin exit strategy in this episode of the podcast last week.
A quick breakdown — in case you don’t have the time.
⭐ Trial the Rich Habits Network for FREE for 7 Days (seriously)!
⭐ Retail investors continue to pile into stocks.
⭐ Retiring early is easier than you think.
⭐ Palantir’s US Commercial business segment hit $1B in ARR.
⭐ The market is at an inflection point.
⭐ Buffett to step down as Berkshire CEO at year-end — Greg Abel to be CEO.
Market Overview
As of market open, 5/8/2025
Chart of the Week
Retail investors continue to pile into stocks.
For 21 consecutive weeks, retail investors have been piling into US equities. This marks the longest streak ever — and it’s not even close. The previous record was 10 consecutive weeks, which took place during the “Covid-induced mania” that was 2020 & 2021.
Here’s another view of similar data. It shows the major difference between hedge funds / institutional clients and private clients (AKA — us retail investors):
Below is the Charles Schwab Retail Sentiment Indicator, which has dropped to its lowest level in two years. This is a behavior-based index that analyzes retail investor stock positions and trading activity from millions of Schwab accounts, offering a monthly snapshot of investor sentiment.
So let’s get this straight — Bank of America is sharing that retail investors are on an absolute buying spree, while Charles Schwab is stating retail investors are becoming more defensive / not chasing stocks higher. No wonder there’s so much volatility in this market.
The main takeaway is that the current landscape of the market is causing unprecedented uncertainty. There’s a reason why your holdings are swinging up and down any given week — and there’s certainly a reason why Jerome Powell won’t cut interest rates. It’s because this market needs clarity.
If we get that clarity soon, we wouldn’t be surprised to see a return back above the 200-day moving average (and potentially retest all-time highs).
If we don’t… then it will be very difficult for the next earnings season to go as smoothly as the current one — and the market will need to account for that. We continue to consistently buy undervalued names in the stock market, but we’re also keeping some cash to the side in case of a deeper correction. Thanks to the nearly 200 of you that joined the Rich Habits Network livestream on Tuesday night as broke the market and our positions in much closer detail!
Last call here… Consider checking out a HUGE 100,000 point offer on one of our favorite travel rewards credit cards. This is absolutely one of the best offers we’re going to see all year.
In Case You Missed It…
In this week’s Monday-morning episode of the Rich Habits Podcast (linked here) — Austin and Robert shared their step-by-step blueprint on how anyone can retire early.
Here’s what they talked about:
Lay the Foundation — Retiring early starts with knowing exactly where your money goes. That means creating a detailed budget that accounts for every expense — transportation, insurance, subscriptions, and more. This gives you a crystal-clear picture of what’s essential, what’s not, and where you can start cutting. Pay your bills, cover your minimum debt payments, and stay out of high-interest debt. Without this base layer, nothing else matters.
Establish an Emergency Fund — Next, build a 3-month emergency fund (typically $10K–$15K). It won’t happen overnight, but it should absolutely happen within 18 months. This buffer protects you from having to pull out of investments when life throws a curveball. This fund is your short-term safety net so you can focus on long-term wealth.
Debt or Investing? — Once your emergency fund is set, the question becomes: should you pay off debt or start investing? The answer: pay off high-interest debt first. You can’t out-invest a 30% interest rate on your credit card debt. After that, go hard on investing: contribute to your 401(k) up to the employer match, max out a Roth IRA on Public.com, then build up your taxable brokerage account. Real numbers: investing $21K/year could grow to $1.7M in 20 years — or $3.3M in 25 years. Early retirement becomes possible through consistency, not luck.
Spending Problem or Income Problem? — Most people have one (or both). If you’re spending $8K–$10K/month and still feel broke, something’s off. The less you spend, the less you need to retire. Living on $60K/year? You’ll only need a $1.5M portfolio to generate that income long-term. The key is contentment. Early retirees aren’t always living flashy lives — they’ve just mastered the art of spending less than they earn, consistently, for years.
You truly have the ability to retire early — but you need a plan and you need to stick to it!
Here’s a link to the Q&A episode that was posted this morning.
We answered questions from: Greg, Mike, Chuck, Heather, William, and Katie.
You can submit questions for these episodes by asking them inside of the Rich Habits Network, replying to this email, or sending us a DM on Instagram.
The Rich Habits Podcast is available on Spotify, Apple, iHeart, YouTube, and wherever else you get your content!
Robert’s Callout
Palantir’s US Commercial business segment hit $1B in ARR.
As you all know, I’ve been talking about Palantir for years now — and for good reason! This is a company who’s positioned to win during the age of AI. I’ve shared an chart above that does a wonderful job illustrating how the company makes money, and how much of that is realized as profit.
Some of my favorite takeaways from the quarterly earnings results included:
1) Their US commercial business segment hit $1B in annual recurring revenue, experiencing +71% year-over-year growth during the quarter. This reacceleration in growth was catalyzed by unrelenting demand for their “AIP” product. Businesses use AIP for infrastructure planning, network analysis, resource allocation, and supply chain optimization. For example, customers like United Airlines and Tampa General Hospital have leveraged AIP to drive operational efficiency.
2) US Government revenue came in at $373M, experiencing a +45% year-over-year growth rate. Beyond the US Government, the company is also gaining traction in Europe with its recent NATO partnership.
As you all know, I’m a firm believer in this company’s long-term trajectory and have been for quite some time. Their stock price has been all over the place, but it’s obvious where they’re headed.
I’ve included below a quote from a well-known Wall Street analyst that I saw published online earlier this week.
“We view Palantir as a generational technology name that we see as a trillion dollar market cap over the next three years with Palantir being a core name in the AI Revolution theme over the coming years.”
— Dan Ives, Wedbush Securities
Austin’s Callout
The market is at an inflection point.
If you needed a reminder that being a long-term investor is incredible — look at the chart above. Here’s some thoughts from Jurrien Timmer, Head of Global Macro at Fidelity:
“At times of uncertainty, I find it useful to pull up a simple chart of the S&P 500 and ask myself: do I want to be long or short this chart? Different people will come up with different answers, but for me the chart below suggests “long.” We have a rising uptrend line and a market that just swung from well-above it to well-below. We are now at that line, which suggests that the market has found its balance.”
I absolutely love those thoughts above, which is why I will remain a net-buyer of assets. However, I want you to look closely at the chart once again. There have been numerous times when we’ve returned to the trend line and faced a hard rejection. It’s an all-out battle between bulls and bears right now, and I truly think that choppiness is going to remain (unless Trump removes nearly all tariffs quickly).
If you want some bullish vibes, check out this chart. It illustrates just how many companies announced stock buybacks during the Q1 earnings. 3M, Apple, Delta, Wells Fargo, Visa, and many other companies are making this move to provide support for their stock price. In fact, repurchase announcements through May 2nd were at the highest level ever (well over $600B).
If you’re a member of the Rich Habits Network, you’ve heard me go into much greater detail during our weekly livestreams. The market feels like it’s “running out of runway” and a decision needs to be made. I’m expecting continued volatility, and a decently decisive move to the upside or downside to come soon. Either way — I’m LONG wonderful, cash-flowing companies. If you want access to my full portfolio, join the Rich Habits Network and send me a DM.
The Rich Habits Radar
👉 Buffett to step down as Berkshire CEO at year-end — Greg Abel to be CEO.
👉 Disney beat expectations as streaming showed signs of a turnaround.
👉 Oscar Health crushed Q1 earnings — shares surged over 30%.
👉 Trump announced a major trade victory with the UK
👉 Apple AI browser updates caused Alphabet shares to sink -7%.
👉 White House rolled back AI chip rules under pressure from Nvidia and allies.
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