Philip Chan's Mission to Democratize Investing

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This episode is also sponsored by Lightspeed Investing. Accelerate your wealth and unlock the speed of success with Lightspeed Investing. Connect with CEO, Philip Jayhawk Chan on LinkedIn to learn more. 

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In this episode, Dr. Block interviews Philip Chan, the co-founder and CEO of Lightspeed Investing. Philip shares his journey from trading luxury watches and dealing in cryptocurrencies to mastering short-term investing in futures and commodities. Lightspeed Investing, under Philip's leadership, has specialized in managing investments for high net worth individuals and educating the public on leveraging financial markets for short-term gains. Philip elaborates on the distinction between traditional and alternative investments, the mechanics of futures and commodities trading, and the importance of risk management and proprietary trading techniques

About Philip Chan, CEO of Lightspeed Investing:

Philip Chan is a serial entrepreneur and the co-founder and CEO of Lightspeed Investing. With a diverse background that includes trading luxury watches, cryptocurrency, and international leadership consulting, Philip has dedicated his career to the intricacies of short-term investing. Holding a master’s degree in applied statistics, data science, and analytics from the University of Kansas Medical Center, he leverages his expertise to manage wealth for high net worth individuals and educate the public on successful investment strategies in futures and commodities. Through Lightspeed Investing, Philip aims to transform the futures and commodity markets into accessible tools for personal financial growth, advocating for informed and strategic trading practices.

Connect with Philip on LinkedIn!

Timestamps:

00:00:05 - Introduction to Philip Chan and Lightspeed Investing

00:01:02 - Elevator Pitch for Lightspeed Investing

00:01:50 - Traditional vs. Alternative Investments

00:02:41 - Publicly Available Trading and Asset Classes

00:03:01 - Understanding Futures and Commodities

00:04:20 - Explanation of Trading Contracts

00:05:07 - Electronic Trading and Historical Context

00:06:00 - Asset Classes Breakdown

00:07:00 - Short-Term vs. Long-Term Investing

00:08:05 - Interactive Brokerage and Discount Brokerage

00:09:07 - Smallest Trading Increments and Contracts

00:10:19 - What is a Future?

00:11:58 - Commodities as Examples

00:12:14 - Trading Indexes and Futures

00:13:08 - Making Money in Different Market Directions

00:14:10 - Intraday High Frequency Trading

00:15:49 - Risk Management in Trading

00:16:45 - Short-Term Investing and Asset Choices

00:17:28 - Rate of Change in Alternative Exchanges

00:19:06 - Age of Futures and Commodity Billionaires

00:19:39 - Risk Aversion and Short-Term Investing

00:20:33 - Proprietary System and Trading Factors

00:24:06 - Competing Against Professionals and AI

00:25:27 - Surgical Analogy for Trading Practice

00:27:07 - How to Learn More and Connect

00:28:57 - Closing Remarks and Thanks

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*This is NOT investment advice. Please do your own due dilligence before make investment decisions.