Why I Walked Away From Wall Street

By Teeka Tiwari

Saturday, April 3, 2021

Editor’s note: Regular Empire Financial Daily readers are familiar with our friend and colleague Teeka Tiwari over at Palm Beach Research Group…

After spending years working on Wall Street and making millions for his clients, Teeka decided to leave it all behind… and put Main Street first. As a former Wall Street insider, he can look past what the mainstream is reporting and help lead his readers to big gains.

In today’s Weekend Edition, Teeka shares how he walked away from the Wall Street billionaires to help everyday investors…

A couple of years ago, I tendered my resignation letter to Palm Beach Research Group.

A group of investors with a combined net worth in the billions had approached me to manage a heap of their money. The interest was so strong, I had to cap the fund at $100 million.

But as I prepared to launch the fund, something odd happened…

I started second-guessing my decision. And what I discovered during that period of doubt would change my life forever.

I came to realize that no matter how many more zeroes I added to my net worth, it wasn’t going to make me any happier than I was as a newsletter editor.

My happiness would actually decline if I went back to money management.

Friends, when you try to get even richer from something that reduces your happiness… you’re making a bad decision.

For me, helping regular, everyday people move the needle on their net worth is much more satisfying than helping somebody worth billions make a few hundred million more.

No amount of money can replace the intangible “wealth” and personal happiness I get from adding value to a not-yet-rich person’s life.

Recently, I sent a sell alert to subscribers of my flagship crypto newsletter, Palm Beach Confidential. Many had the opportunity to book massive gains of up to 37,500% on several of my altcoin recommendations.

Since then, I’ve received dozens of letters from readers who’ve made life-changing gains from my recommendations.

Some told me they used their gains to retire early… Others used their profits to travel the world or pay off mortgages… A few have even started their own businesses.

One person wrote, “Thank you so much for all your hard work and perseverance… And I thank God for putting you in my path.”

I can’t put into words what this means to me…

Stuck in the System

When I worked on Wall Street, I didn’t like who I was. I had allowed myself to become a machine focused only on my wants. I got greedy. And my ego eventually got the best of me.

Long story short: When the market turned against me, I lost everything. And I mean everything. My homes… my cars… my watch collection. Even my wife and I separated. I was emotionally shattered. I left Wall Street and stumbled my way from one dreary job to the next.

I sold stock photography to ad agencies. I took lunch orders at a restaurant I used to eat at. I tried my hand as a recruiter and even sold software for about a year. After around two years of this aimless wandering, I knew I had to change. I had to do something different.

I’ve always known I was born to work in the financial markets. It’s in my blood. So I took a long, hard look in the mirror and made some serious changes.

I came back to Wall Street with a newfound respect for risk and for my clients. I focused on adding value to my clients’ financial lives while managing risk. Within a few short years I made back all I had lost and more.

But I was still trapped in an ecosystem that was built around putting the client third. First was the firm, second was the advisor, and finally, third was the client. Even though I had changed, I realized the system I was in never would.

What I’m Proudest Of

That’s when I decided to leave Wall Street and write for investors like you.

As I mentioned up top, I quickly learned that helping the everyday Main Street investor become wealthy brings me more joy than helping billionaires make a few more millions. And I take a lot of pride in being able to do that at a scale no one in the newsletter industry has ever done before.

But what I’m proudest of is the faith my readers put in me during the brutal 2018-19 “Crypto Winter” bear market… when bitcoin dropped as much as 84%.

I can’t even mention what was in the nasty emails I got during this time. Critics said I was reckless and careless to recommend investing in crypto.

But I knew I wasn’t. And those readers who stuck with me… they saw the bigger vision. That’s something for them to be proud of, too.

Because they did that, not me.

I did everything in my power to keep my readers focused on the big picture during those terrible times. But they were the ones who said, “OK, I’m going to believe in this guy. I’m going to believe in his research. I’m going to believe in the future that’s developing around these assets that everybody else says are ridiculous and have no value.”

The confidence they’ve shown in me – and themselves – to stay the course to the other side, where so many of them are now seeing life-changing gains… It’s overwhelming for me.

When I first recommended bitcoin in 2016, its entire market cap – the sum value of all bitcoins in circulation – was $6 billion. Its market cap hit $1 trillion in February 2021. My early subscribers had the chance to book gains as high as 16,377% – enough to turn $1,000 into $164,768.

As much as I’ve done for them, they’ve done even more for me. They’ve allowed me to redeem myself for the sins I committed as a young, impressionable man on Wall Street. And that is a gift I cannot put a dollar figure on.

More Opportunity Ahead

If you’re new to crypto and haven’t had a chance to experience gains like my longtime subscribers have… I sincerely hope I can do for you what I’ve done for so many others.

The good news is the window is still open – but not in bitcoin.

At about $59,000 each, bitcoin is for just the big boys now. For them, a gain of 10 times or 20 times is a huge move. And over time, I think we’ll see bitcoin do that. But for the little guy who wants a shot at changing his life – and who doesn’t have millions to throw at the market – even a 20 times winner is not enough.

What nobody sees… what the media isn’t reporting… and what no member of the financial elite wants you to find out is this: Behind the scenes, the smart money is now going all in on another coin that I believe will hit $1 trillion in value this year.

And if it hits $1 trillion, it could propel some smaller coins as high as 326%, 340%, 892%, or more. Get the details right here.

Teeka Tiwari
April 3, 2021

Whitney Tilson
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About Whitney Tilson

Prior to creating Empire Financial Research, Whitney Tilson founded and ran Kase Capital Management, which managed three value-oriented hedge funds and two mutual funds. Starting out of his bedroom with only $1 million, Tilson grew assets under management to nearly $200 million.

Tilson graduated magna cum laude from Harvard College with a bachelor’s degree in government in 1989. After college, he helped Wendy Kopp launch Teach for America and then spent two years as a consultant at the Boston Consulting Group. He earned his MBA from Harvard Business School in 1994, where he graduated in the top 5% of his class and was named a Baker Scholar.

Click here for the full bio.