Podcasts about self directed iras

Kaaren Hall provides valuable insights into the world of self-directed IRAs in this episode. Tune in to learn essential strategies for growing your wealth through retirement fund investments in various asset classes, along with key IRA regulations you need to be aware of. Join us now!Key Takeaways to Listen forSelf-directed IRA: What it is and how it helps build your retirementImportance of due diligence when using your IRA for investingExpert advice on how to vet your IRA investment dealsExemptions for borrowing money from self-directed IRAsNew self-directed IRA laws that you should be aware ofResources Mentioned in This EpisodeThe 7 Habits of Highly Effective People by Stephen R. Covey | Kindle and PaperbackApartment Syndication Due Diligence Checklist for Passive Investor About Kaaren HallKaaren founded and made a resounding success of uDirect IRA Services despite being amid a recession and mortgage market collapse. She discovered a strategic way to put her 20+ years in mortgage banking, real estate, and property management to use. The solution was an untapped market for both skills and investors–self-directed IRAs. Through uDirect IRA, she has guided tens of thousands of Americans through diversifying their investments using self-directed IRAs with $1 billion+ under management. Connect with KaarenWebsite: uDirect IRA ServicesYouTube: uDirect IRALinkedIn: Kaaren HallX: @uDirectIRAFacebook: uDirectIRAInstagram: @udirectiraservicesEmail: info@udirectira.com To Connect With UsPlease visit our website: www.bonavestcapital.com, and please click here, to leave a rating and review!SponsorsGrow Your Show, LLCThinking About Creating and Growing Your Own Podcast But Not Sure Where To Start?Visit GrowYourShow.com and Schedule a call with Adam A. Adams

Today we have a remarkable guest with us, Carl Fischer. Carl is not your typical real estate developer. With a degree from Cornell University, he embarked on his career in the 1970s as a rocket scientist at the Kennedy Space Center in Cape Canaveral, Florida. It's not every day that you meet someone who has transitioned from the world of rocket science to the world of real estate. But Carl's story is one of adaptability and innovation. Fast forward to today, and Carl is one of the founders and principals of CAMA Self-Directed IRA, LLC, doing business as CamaPlan. With over 20 million dollars in real estate transactions under his belt, Carl has certainly made a mark in the industry. His real estate portfolio spans both commercial and residential properties, including real property, notes, and mortgages. One of the core themes of this conversation revolved around self-directed retirement accounts, a niche but powerful tool for wealth building. Carl stressed the importance of understanding how IRAs and 401(k)s can be self-directed to invest in a variety of assets, including real estate. He shared practical insights into the benefits and intricacies of these accounts, which can offer individuals greater control over their financial future. This episode is a deep dive into the world of self-directed retirement accounts, real estate investing, and the intersection of technical knowledge with financial acumen. Carl's unique journey, coupled with his commitment to education and helping others achieve financial independence, will leave you with a wealth of knowledge and inspiration. In this episode, we talked about: Exploring the concept of self-directed IRAs and 401(k)s. Enhanced Qualified Retirement Plan and Self-directed IRAs Strategies for using retirement accounts to invest in various assets, including real estate Leveraging investments while maintaining tax advantages Unrelated Business Income Tax (UBIT) and how it works Connect with Carl Fischer: Website: https://www.camaplan.com/  Linkedin: https://www.linkedin.com/company/camaplan/  Personal Linkedin: https://www.linkedin.com/in/camaplan/  Contact: https://www.camaplan.com/contact-us/  Facebook: https://www.facebook.com/camaplan  Youtube: https://www.youtube.com/camaplan1  Instagram: https://www.instagram.com/cama_plan    Connect with Pantheon Investments:  Join the Pantheon Investor Club: https://pantheoninvest.com/investor-signup/   Website: www.pantheoninvest.com   Podcast: www.pantheoninvest.com/podcast   Facebook: https://www.facebook.com/PantheonInvest   Instagram: www.instagram.com/pantheoninvest   LinkedIn: https://www.linkedin.com/company/pantheon-invest   Twitter: https://twitter.com/Pantheon_Invest    Youtube: https://www.youtube.com/channel/UC8EsPFlwQUpMXgRMvrmbAfQ   Holistic Wealth Strategy Book: https://www.amazon.com/Holistic-Wealth-Strategy-Framework-Extraordinary-ebook/dp/B0BX4SDMS7/ref=sr_1_1?keywords=holistic+wealth+strategy&qid=1681472301&sprefix=holistic+wealth%2Caps%2C99&sr=8-1   Email: info@pantheoninvest.com     Get your FREE copy of the book here: https://holisticwealthstrategy.com/   

Show #1976 Links from this broadcast:  Prepare2Stand Event: https://coachdavelive.com/event/prepare-to-stand Self-Directed IRA: https://www.fool.com/retirement/plans/ira/self-directed/#:~:text=A%20self-directed%20IRA%20%28SDIRA%29%20is%20a%20type%20of,goes%20beyond%20traditional%20stocks%2C%20bonds%2C%20and%20mutual%20funds $20M Awarded in Grants for IDing Potential “Extremists”: https://leohohmann.com/2023/09/11/exclusive-homeland-security-awards-20-million-in-grants-to-police-mental-health-networks-universities-churches-and-school-districts-to-help-identify-americans-as-potential-extremists/ Exodus 20: https://www.biblegateway.com/passage/?search=Exodus+20&version=KJV ‘Vain’: https://webstersdictionary1828.com/Dictionary/vain Matthew 22:36-40: https://www.biblegateway.com/passage/?search=Matthew+22%3A36-40&version=KJV 1 Timothy 4:11-14 https://www.biblegateway.com/passage/?search=1+tim+4%3A11-14&version=KJV Psalm 78: https://www.biblegateway.com/passage/?search=psalm+78&version=KJV Dave […]

In this week's episode, IRA Financial's Adam Bergman Esq. answers questions about managing a Self-Directed IRA LLC, maintaining a Solo 401(k) plan without net income, and using your child, who is a real estate agent, to sell your IRA-owned home.

EPISODE SUMMARY: In this enlightening conversation, we dive into Matt's real estate experiences within Trenton, starting with a modest $50K from a friend and leading to a collection of profitable deals. He sheds light on how he refined undervalued assets, navigated the skittish banks post-crash, and networked with other investors to discover the best lending terms. Moreover, learn how Matt expanded his market reach and boosted his business by outsourcing management responsibilities. MATT'S BIO: Matt Faircloth has been a full-time investor for 15 years. In that time he has successfully completed projects involving dozens of fix and flips, office buildings, single family homes, and apartment buildings. He has amassed a portfolio of over 1000+ units and raised tens of millions of equity for these real estate projects in both debt and equity positions for these deals from passive investors. Matt is also the author of Raising Private Capital, How to Build your Real Estate Empire with Other People's Money, published by BiggerPockets Publishing, which has sold over 50,000 copies and is an Amazon Best Seller. GET IN TOUCH WITH MATT: https://www.derosagroup.com/ https://www.youtube.com/user/derosagroup https://www.instagram.com/themattfaircloth/://www.facebook.com/thederosagroup/ https://www.biggerpockets.com/blog/contributors/mattfaircloth EPISODE CHAPTERS: (0:00:00) - Real Estate Investing Success Matt Faircloth shares his journey of real estate investing, exploring the 'acres of diamonds concept', leveraging COVID to stay connected, and the power of mentorship. (0:11:56) - Real Estate Investing in Trenton Matt shares strategies for finding undervalued assets, assembling investor portfolios, and networking with other investors. (0:19:14) - Expanding Markets and Outsourcing Management Taking a long-term view enables growth, so I delegate management to scale my business. (0:24:21) - Business Scaling Entrepreneurs can delegate tasks to scale their business, and Matt Faircloth shares insights on the current market. (0:27:50) - Real Estate Brokers and Market Corrections Real estate prices remain high, but lenders are wary due to overbuying and debt coming due. (0:32:53) - Impacts of Decentralization on Real Estate Real estate market implications, focus and alignment, decentralization, office market, adaptive reuse opportunities discussed. (0:43:48) - Adaptive Reuse and Derosa Income Fund Matt Faircloth shares insights on real estate, coaching program to 10x business, and Derosa Income Fund for liquid investments. For informational purposes only. Always consult with professionals. This is not meant to be used as legal or tax advice or otherwise. Any projections, opinions, assumptions, or estimates used are for example only. All information should be independently verified and is subject to errors and omissions. Check out some of our other videos and listings: PreReal Podcast https://www.youtube.com/watch?v=pTgZYyrkRyU&list=PLbyMUN39hTNWUFWH-tprcR0sTOwdqCfuk PreReal™, Prendamano Real Estate of staten island, NY is a real estate marketing firm that is focused on lead generation for all its properties for sale. More leads equals bigger pockets in the end for everyone. If you are house hunting and looking for a house for sale don't hesitate to give us a call (718)200-7799. If you think it is time to sell your house, we can get you top dollar for your property. Visit us at www.prereal.com Follow us on: Facebook: https://www.facebook.com/PrendamanoRealEstate Instagram: @prerealpodcast @prerealestate TikTok: @prerealestate Twitter: @prerealestate #RealEstate #Tips #PreReal

What is the difference between a regular IRA and a self-directed IRA? What are the benefits of a self-directed IRA? Amanda Holbrook, from Specialized Trust Company shares her knowledge.What are the main differences between a regular IRA, for example, Fidelity or Vanguard, and a self-directed IRA?When you're at some of those big box companies, they will give you that old pat on the back stuff and say," Oh, Steph, you can go and pick your stocks, bonds, and mutual funds yourself". That is not true self-direction. To do true self-direction is to invest in what you know, and it's the same types of vehicles that you've become accustomed to Roth IRAs, traditional IRAs, 401 K's, and health savings accounts, the same ones you see over there, except when you shift over here. Instead of picking your little toys out of that sandbox called stocks, bonds, and mutual funds, we give you the whole playground. You can participate in a big commercial deal, be a private money lender, and own a rental property inside your retirement account versus the stock market. These things have been around since the 70s, and the knee-jerk reaction I get is, "Oh my gosh, this is crazy. How come no one in my professional roundtables ever told me about this?" And a lot of times, it comes down to money because a lot of those institutions don't get paid when you create an account and when you invest in opportunities in your backyard, when you put money on Main Street versus Wall Street, that's the big difference.Can we invest in other assets besides real estate?It's almost Pandora's box. The IRS, and how the codes are written don't tell you, "Oh, here are all the beautiful things you can do to take advantage of our tax code", they tell you what you cannot do. As long as you're not violating one of these cardinal rules, self-dealing, which is to buy something you already own, doing business with anyone up and down your family tree: parents, grandparents, spouse, children, off limits, if they branch off such as brothers, sisters, aunts, uncles, cousins, nieces, nephews, they're okay. Your siblings can fund your deals, you can fund your siblings' deals, or stock of a sub chapter S company life insurance. There are certain things like collectible artwork that cannot be held. No artwork, no collectibles. Everything you can think of outside of that shortlist is doable: tax liens, private lending, precious metals, oil and gas, timber. I have brothers down west of Fort Worth, they breed cattle in their retirement account because it's what they know. Real estate is one of those three basic needs of every human on the planet. That is the most common but there's a million different ways you can participate in real estate.Amanda Holbrook(505) 514-0587aholdbrook@irastc.comwww.specializedtrustcompany.comJoin us at The Advanced Real Estate Investing Summit: www.aresummit.com

Did you know you can buy real estate using your IRA or 401(k)? Most real estate entrepreneurs are unaware of how easy it is to buy real estate with their retirement money.  Welcome to the world of Real Estate IRAs. 1. What is a Real Estate IRA? A real estate IRA is a supercharged IRA that enables you to invest your retirement money directly into real estate such as multi-family, commercial, land, fix-and-flips, tax liens, and more. It has the same tax benefits as a regular IRA and can be set up as a Traditional, Roth, or SEP Real Estate IRA.  A Real Estate IRA is also known as a Self-Directed IRA. Learn more about your ad choices. Visit megaphone.fm/adchoices

Larissa is associate director of education and a member of the business development team at Advanta IRA Services, LLC.  She educates potential and current clients on self-directed IRAs and IRS section 4975 on prohibited transactions and disqualified persons.  Larissa has the designation of Certified IRA Services Professional from the American Bankers Association for being knowledgeable on the subject of IRAs.  She is a frequent lecturer on the topic of self-directed IRAs, the rules and regulations for investing in real estate using an IRA and the types of accounts that can be used. Larissa is involved with a local real estate investment group and is a self-directed investor herself. HIGHLIGHTS IN THE SHOW: 00:00 - Intro 01:22  - Larissa's Background 02:11 - Impact Equity Ad 02:39 - Self Directed IRAs 06:29 - Education Savings Accounts 07:05 - Advanta IRA Services, LLC 12:26 - Getting Started 14:43 - Challenges and Paperwork 17:18 - Understanding UDFI / UBIT 22:30 - Types of Investments 23:48 - The Rules About Investing With Family 27:01 - Educational Resources 31:43 - Connect 32:46 - Bucket List CONNECT WITH OUR GUEST: https://www.advantaira.com/ CONNECT WITH OUR HOST: Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor ---------------------------------------------------------------------------------------------------------------------------- Follow us on social media @the.gentle.art.of.crushing.it Listen, like, subscribe, comment: http://thegentleartofcrushingit.com/

Welcome to Investor Schooling Live! Join us as we explore the world of self-directed IRAs and empower you to make informed investment decisions. Learn how self-directed IRAs can diversify your portfolio and offer tax advantages. Discover the benefits of investing in real estate and lending money within a self-directed IRA. Our special guest, Carl Fischer from Cama Plan, will provide valuable insights on maximizing your returns and minimizing risks. Get ready to unlock your financial potential with Investor Schooling Live! --- Support this podcast: https://podcasters.spotify.com/pod/show/investor-schooling/support

In this week's episode, IRA Financial's Adam Bergman Esq. answers questions about setting up a Solo 401(k) for a charity, converting an annuity to a Self-Directed IRA, and using ROBS to purchase a property and manage it with a C corporation.

Courtney Luke teaches you how to buy real estate with a self-directed IRA Episode 2412: How To Buy Real Estate With A Self-Directed IRA by Courtney Luke of Arrest Your Debt Arrest Your Debt is a wide-ranging personal finance website, yet focuses on helping first responders and people struggling with debt. The owners, Courtney and Ryan Luke have made it their mission to help people get out of debt and start building wealth on any income.  There are three main areas of focus for Arrest Your Debt:  1. To provide trustworthy personal finance information to first responders.  2. To help first responders take control of their money and get out of debt.  And 3. To provide valuable resources and references to first responders to help them grow their nest eggs and enjoy the retirement they deserve.  Since 2009 when they started their journey toward financial literacy, they've been featured on MarketWatch, Forbes, Fox Business, Experian, MSN, Ladders, and USA Today The original post is located here: https://arrestyourdebt.com/buy-real-estate-with-a-self-directed-ira/   Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Courtney Luke teaches you how to buy real estate with a self-directed IRA Episode 2412: How To Buy Real Estate With A Self-Directed IRA by Courtney Luke of Arrest Your Debt Arrest Your Debt is a wide-ranging personal finance website, yet focuses on helping first responders and people struggling with debt. The owners, Courtney and Ryan Luke have made it their mission to help people get out of debt and start building wealth on any income.  There are three main areas of focus for Arrest Your Debt:  1. To provide trustworthy personal finance information to first responders.  2. To help first responders take control of their money and get out of debt.  And 3. To provide valuable resources and references to first responders to help them grow their nest eggs and enjoy the retirement they deserve.  Since 2009 when they started their journey toward financial literacy, they've been featured on MarketWatch, Forbes, Fox Business, Experian, MSN, Ladders, and USA Today The original post is located here: https://arrestyourdebt.com/buy-real-estate-with-a-self-directed-ira/   Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

In this week's episode, IRA Financial's Adam Bergman Esq. answers three questions related to UBIT tax consequences of different transactions inside a Self-Directed IRA.

Alex Perny is a business development specialist and host of Advanta IRA's podcast, the Alternative Investment Advantage. For more than a decade, Alex has helped thousands of clients invest in alternative assets by using Self-Directed Retirement Accounts. Learn More About Alex Here: Advanta IRA - https://www.advantaira.com/ Connect with the Global Investors Show, Charles Carillo and Harborside Partners: ◾ Setup a FREE 30 Minute Strategy Call with Charles: http://ScheduleCharles.com ◾ FREE Passive Investing Guide: http://www.HSPguide.com ◾ Join Our Weekly Email Newsletter: http://www.HSPsignup.com ◾ Passively Invest in Real Estate: http://www.InvestHSP.com ◾ Global Investors Web Page: http://GlobalInvestorsPodcast.com/  

The Real Estate Mastermind Live is a live podcast turned radio show created for real estate investors who want to learn directly from top experts in various asset classes. The Real Estate Mastermind Live is hosted by Seth Gershberg and Jay Tenenbaum of Scottsdale Mortgage Investments, along with Edward Brown of Pacific Private Money.Today's guest is Randy Rodenhouse, the founder of The Note Authority. Randy has been investing in real estate for 30 years and has purchased, sponsored, and structured millions in real estate and mortgage note related transactions. He has also been a consultant/advisory to over 500 individuals/companies nationwide.Randy started his career in the corporate world. He worked for two major chemical/pharmaceutical companies for 18 years in operations with several hundred employees before he decided to retire and transition into real estate full time. Randy has 11 publications and 2 patents and wrote a book called "IRA 401k Income Builder" which explains how to buy real estate, mortgage notes, private lending, etc inside your Self-Directed IRA or Solo 401k.Randy's focus is now on building passive income through mortgage notes, private lending, rental real estate, and syndications with a focus on tax free or tax deferred investing using a Self-Directed IRA or a Solo 401k.In this episode, we will explore the following topics:How did Randy transition from the corporate world to real estate?What areas of real estate does Randy focus on, and how did he get into notes.What areas of business have been the most profitable.How did Randy learn about SDIRA/Solo401k and why did he decide to write a book about it?What are the best ways to build passive income in an SDIRA/Solo 401?Where else does Randy invest? Syndications, rentals, etc.?Why did Randy start a newsletter (free), and what is it about? Register to attend The Real Estate Mastermind Live by registering on our website using the link here: https://scottsdalemortgageinvestments.com/podcastLearn more about Scottsdale Mortgage Investments by visiting the website using the link here: https://scottsdalemortgageinvestments.com/Learn more about Pacific Private Money by visiting the website using the link here: https://www.pacificprivatemoney.com/Are you on LinkedIn? Connect with our co-hosts using the links below. Seth Gershberg - Connect on LinkedIn Jay Tenenbaum - Connect on LinkedIn Edward Brown - Connect on LinkedIn

An Incredible Alternative Asset Summit- Here are some of the key takeaways and how it can directly apply to Self-Directing! - When vetting an investment sponsor (syndicator, fund manager) ask them about a failure or problem they've had on an investment/asset. If they don't have one, they're either not being transparent or they haven't had enough experience in what they do to be investing with them. You want to hear about a struggle they've had and how they handled it. Veena Jetti - The middle market of commercial real estate has tremendous opportunity. Smaller deals below $5M are taken by wealthy individuals and entrepreneurs while large deals over say $20-50M are taken by large institutions, this leaves a huge opportunity in the “middle market” of $5M to $20M as the buyer pool is limited. Chris Loeffler - Banks are a business focused on their assets and revenues, they will be foreclosing if borrowers can't pay and won't be cutting deals as rates for commercial loans are resetting and rising. This is opportunity for investors. Find bank officers (eg linkedin search) and get to know bankers who handle these troubled loans and assets. Search for bankers with REO and special services in their job titles. Jonathan Morris - Find the best pros in your market (real estate agents, mortgage officers, title agents/attorneys, home builders/contractors) and network with them as someone who can solve problems and come up with your funds or private money to make creative deals and transactions work. John Shekarchi - Hospitality assets have been distressed by lack of bank lending/financing and covid restrictions but operators who can transform deeply discounted properties have significant upside (e.g. adding weddings and experiences to resorts to get rooms pre-booked and under contract over a year out). Josh McCallen - Stock market investing is about beating the person on the other end of a trade and trying to be the smartest in the market. Real estate investment success isn't about being the smartest or beating someone else, it's more determined by creativity and hard work on deals on properties and opportunities that are all unique. Jamison Manwaring - Angel investing requires at least 10 investment positions as many investments will fail entirely while a couple can return a modest return and you're hoping that at least one investment brings a significant return that makes up for the failures. Lisa Walker - Investor portfolios with alternative assets are proving to add more yield and less volatility than traditional stock/bond portfolios. Michael Bradley & Brandon Scott These are from memory and summarized. They're

Investing offers a variety of choices for individuals to consider. While many investors have shown interest in mutual funds, real estate investments through a self-directed Individual Retirement Account (IRA) come with their own set of advantages.   In this episode, we'll discuss the benefits of investing in real estate using a self-directed IRA. By understanding these advantages, you can make informed decisions to potentially maximize your returns and accumulate wealth. If you are looking to diversify your portfolio through the power of a Real Estate IRA, this is a great place to start.    EPISODE HIGHLIGHTS:      Understanding Self-directed IRA  What are the Benefits of SDIRA?  Self-directed IRA Real Estate Investing Tips  Biggest Mistakes for Successful Wealth Growth  Dan Kryzanowski is a successful real estate advisor, investor, and partner. With a proven track record of raising millions of dollars from various sources, including accredited investors and family offices. Dan specializes in niche segments such as industrial and self-storage properties. He possesses a deep understanding of tax-advantaged investing strategies, providing valuable insights to his clients and partners.   His expertise was cultivated through leadership roles at GE Capital in Mexico and South America. As a Wharton graduate and MBA with Distinction from Thunderbird School of Global Management, Dan brings a wealth of knowledge and experience to the table. He holds licenses for Series 7 and Series 66 and is known for his exceptional organizational and leadership skills. Dan resides in Austin, TX, with his wife and son, balancing his professional achievements with his personal life.  Connect with Dan   LinkedIn   Website   Did you enjoy today's episode?       Please click here to leave a review for The We Build Great Apartment Communities.   Be sure to subscribe on your favorite podcast app to get notified when a new episode comes out!       Do you know someone who might enjoy this episode? Share this episode to inspire and empower!       Connect with John Brackett and We Build Great Apartment Communities       Instagram @webuildgreatcommunities        Facebook @buildingreatcommunities        LinkedIn @brackettjohn        Website www.fidelitybps.com       Subscribe to The We Build Great Apartment Communities   Apple Podcasts        Spotify     Do you think you would be a great fit for the show? Apply to be a guest by clicking here.       Fidelity Business Partners, Inc.       6965 El Camino Real Suite 105-190       Carlsbad, CA 92009       D: 760-301-5311       F: 760-987-6065     

Investing in real estate can be a lucrative way to build wealth, but what if you don't have the cash to get started? Did you know that you can leverage 401k/retirement funds to invest in real estate? In our latest episode, we explore the world of Self-Directed IRA investing and how it can be a game-changer for those looking to break into real estate without having to use their own cash. John Bowens is one of the most sought-after and respected educators in the self-directed IRA industry. As Director, Head of Education and Investor Success at Equity Trust Company, John draws from his 20 years in the real estate industry and his experience as an active real estate investor. In his travels across the U.S. and virtually, he has trained 60,000 investors during more than 400 workshops and classes, spreading the message about the power of building tax-free wealth and leaving a lasting legacy by investing in what investors know best.In this Episode, Vinki & John chat about⁠:- Self-directed IRA  and traditional IRA - UBIT exemption- Benefits of using a self-directed IRA to invest in real estate- Taxes and self-directed IRA- Why can't you directly invest from 401kContact John: https://www.linkedin.com/company/equity-trust-company/If you've liked this episode, please leave us feedback through a five-star rating and comments below! Also be sure to like, share, and subscribe!The Real Estate Vibe Show!Follow us @https://twitter.com/loombainvesthttps://www.instagram.com/loombainvestmenthttps://www.facebook.com/Loombainvesthttps://www.linkedin.com/in/vinkiloomba#realestate #realstateinvesting #multifamilyinvesting #passiveinvesting

Join Mat & Mark in this open forum as they answer your difficult Self-Directed retirement plan questions. Diving deep into all of your questions on Self Directing your Roth IRA, 401(k), Traditional IRA, Coverdale, HSA, and more. To submit your questions, listen, search for prior episodes, or sign up for their Weekly Free Newsletter, visit https://directedira.com/podcast----

Key Takeaways Alternative investments exclude collectibles like art and cars, as well as assets that involve personal use or benefit. Self-directed IRAs allow individuals to invest in various assets, such as rental properties, without directly benefiting from them or performing any related work. Short-term rentals, including Airbnb, can be included in an IRA investment, but the tax implications can be complex depending on whether the income is considered passive or active. Different types of IRAs include traditional, Roth, SEP, simple, solo 401k, and health savings accounts (HSA). Tax considerations such as UBIT and UDFI may apply to IRA investments and could result in taxes owed, but deductions can help offset the tax liability. It's important to have a cushion in your self-directed IRA to cover expenses and potential capital calls. Self-directed IRA providers like uDirectIRA make the investment process easy with dedicated transaction coordinators. Timeline [00:42] Intro to Podcast [02:20] Intro to episode guest [03:33] One word that describes Kaaren personally and professionally. [04:02] So let's talk about your history and how you started uDirect and what you guys do. [07:34] Kaaren explains what a self-directed IRA is and how people can use it. [11:16] Let's talk about the different types of IRAs. [19:55] What's your experience as a crypto administrator regarding people's investments and ATM machines? [22:17] How about depreciation? Can you talk about that a little bit? Are you allowed in your self-directed to take a depreciation? [26:15] Any other new guidelines or rules that are exciting for people that have happened or are going to happen that you know of? [30:30] What alternative investment options are available for my self-directed IRA when I don't have enough funds for contributions or rollovers, and how can I maximize returns in such situations? Contact  Phone: (866) 538-3539 Email: info@udirectira.com

Mandy McAllister is an inspiring single mom, full-time employee, and real estate entrepreneur. Discover how Mandy's relentless drive and innovative mindset are reshaping the realms of motherhood, career, real estate, and personal growth. Tune in for insightful conversations, practical strategies, and motivational stories that will leave you inspired to conquer your own dreams and embrace the entrepreneur within you.   Here's some of the topics we covered: Building your team Advantages of Self Directed IRA 50% Return in less than 2 years GP Questions Kissing a Lot of Frogs Three growth metrics Key to significant deal flow Understanding “Best and Final” The importance of “Trust but verify” You get to pick! “Avoidance doesn't extinguish fear, action does” Power moves to those who serve   To find out more about partnering or investing in a multifamily deal: Text Partner to 72345 or email Partner@RodKhleif.com    Please Review and Subscribe  

 Fred has positioned himself as an authority on investing in alternative assets and on building wealth using Self-Directed IRA accounts. Fred combines a 15 year career devoted to entrepreneurship and investing with a mission to helping people attain a higher level of financial literacy, resulting in the perfect combination of wisdom and experience providing value to aspiring investors from all walks of life.Support the show

Devin: What is your superpower?Michael: I have what we might say in Yiddish is intellectual shpilke. I have difficulty focusing on one issue. I like to think across boundaries.Michael Shuman, one of the real OGs of crowdfunding, has managed to elude an invitation to be a guest on my show for the past decade, but today we remedy that situation.He is an economist, attorney, author and entrepreneur who focuses on local community investing via crowdfunding. He publishes the Main Street Journal, which is also here on Substack.He noted a fundamental principle that guides his work—and mine—in the local investing community: “We're too few in number to be competitive. We've got to be as collaborative as possible.”Michael has a fascinating superpower, evidenced immediately in a one-sentence bio. He describes it as “intellectual shpilke” using a Yiddish term some describe as ants-in-your-pants. His education and practice include law, economics and entrepreneurship.AI Podcast Summary* Michael H. Shuman is an economist, attorney, author, and entrepreneur focused on community economics.* He played a significant role in the creation of the 2012 Jobs Act and various state laws on crowdfunding.* His passion for local investing stems from his own experience of struggling to raise capital for his businesses.* Michael believes that local businesses are crucial for economic development, job creation, and community success.* He emphasizes the need for a massive organizing movement to shift the investment ecosystem towards supporting local businesses.* Some strategies he suggests include creating groups that bring businesses and investors together, providing information on local businesses seeking capital, and promoting the use of funds for local investment.* Michael publishes the Main Street Journal, which highlights news and innovations in local investment.* His superpower is the ability to integrate various subjects and perspectives to explore bottom-line truths.* Michael encourages reading across boundaries, subscribing to different publications, and engaging in civil conversations with those who have different viewpoints.* To connect with Michael and learn more about his work, visit the Main Street Journal website, his personal blog, or his Twitter account.How to Develop Intellectual Shpilke As a SuperpowerMichael shared a story to illustrate his superpower:'So there is a storyline that I developed during the conversation about creating the Jobs Act that I think was very effective with skeptics. In securities laws, you have securities lawyers who are like twins because they speak to one another all the time early in their childhood. Their speech gets stunted, and they don't even realize it. And one of the things that securities lawyers babble to one another all the time is that we don't want Grandma to buy swampland in Florida, which is a totally reasonable argument. You don't want people to get defrauded. And that's why we have all of these securities laws, strictures to protect grandma from buying swamp land in Florida. What I started to point out to people, and this is back in the late 2000s when my mother was still alive, is that my mother being a grandmother living in Saint Louis, I don't want her to buy swamp land in Florida. But what did she do with her money and her time? She would go to one of a dozen casinos in Saint Louis.And when she entered the casino, she. Would she get a question? “Excuse me, Mrs. Shuman, but can you prove that you are an accredited gambler?” That never happened. And when she sat down to play blackjack, would they say, “Listen, before you enter this risky enterprise, will you please read this thick booklet of all of the risks of playing blackjack and sign?” And that never happened, either. So I pointed out to people that we have two risky activities going on in the US economy. One called gambling, where you could lose everything and probably will–independent of your income. And another called local investing and saving your community, where we're not going to let you play unless you pay a lawyer $25,000. Every human being except a seasoned securities lawyer can understand the logic of that. So, you know, you get people to laugh a little bit. And my mother was sort of amused by the story. But I feel like it's through laughter and through just poking holes with sort of folksy logic that you can move mountains.What a great example! His intellectual ants-in-the-pants helped him cross-pollinate ideas to create a compelling metaphor for legal change. With it, he helped to change federal securities laws.Michael has some simple advice to help you develop your intellectual shpilke, “To help, one of the things that I have my students do to develop a little bit of this is I have them do something that they never do anymore—most people our age would find this shocking—which is to subscribe to a newspaper or a magazine.”By following Michael's example and his advice, you can increase the intellectual ants in your pants to help you cross-pollinate ideas and potentially create a new superpower that enables you to do more good in the world.Guest-Provided ProfileMichael H. Shuman (he/him):Publisher, Main Street JournalAbout Main Street Journal: The Main Street Journal, with sponsorship of the National Coalition for Community Capital (NC3) and funding from the Heron Foundation, is the world's hub for local investing news and events. This newsletter, published every other Thursday, aims to expand the audience, reach, and power of the emerging local investment movement worldwide. For the United States, we believe that shifting even a small fraction of the tens of trillions of dollars Americans have invested in Wall Street, to local businesses, projects, and people on Main Street, can have a huge impact on community prosperity, environmental sustainability, and social justice. For the world, local investing offers the best chance available for solving intractable problems of climate disruption, homelessness, food deserts, economic stagnation, and just about everything else that worries us.The Main Street Journal aims to unify, enlarge, and empower an emerging local investment movement. Every other Thursday, look for a roundup of news, voices from our partners, and a list of key events providing you an easy-to-use entry point into the field. We will also share other content about local investments you might have missed and tools for finding fellow travelers (we call them “Main Street Champions”) in your own community. We don't want you to just read. We want you to be inspired. And to act!Website: www.themainstreetjournal.orgTwitter Handle: @smallmartBiographical Information: Michael H. Shuman is an economist, attorney, author, and entrepreneur, and a leading visionary on community economics. He is an Adjunct Professor at Bard Business School in New York City. He is also a Senior Researcher for Council Fire, where he performs economic development analyses for states, local governments, and businesses around North America. He is credited with being one of the architects of the 2012 JOBS Act and dozens of state laws overhauling securities regulation of crowdfunding. He has authored, coauthored, or edited ten books. His two most recent books are Put Your Money Where Your Life Is:  How to Invest Locally Using Solo 401ks and Self-Directed IRAs and The Local Economy Solution:  How Innovative, Self-Financing Pollinator Enterprises Can Grow Jobs and Prosperity. One of his previous books, The Small Mart Revolution: How Local Businesses Are Beating the Global Competition (Berrett-Koehler, 2006), received as bronze prize from the Independent Publishers Association for best business book of 2006. A prolific speaker, Shuman has given an average of more than one invited talk per week, mostly to local governments and universities, for the past 30 years in nearly every U.S. state and more than a dozen countries.  Personal Facebook Profile: fb.com/michael.shumanLinkedin: linkedin.com/in/mishumanOther URL: www.michaelhshuman.com Get full access to Superpowers for Good at devinthorpe.substack.com/subscribe

In today's episode of Adam Talks, Adam Bergman, Esq. discusses some investments for your Self-Directed IRA in light of a high interest rate environment.

Focus of this episode: Educating about the acquisition and management of self-storage centers and other opportunistic real estate throughout the United States. Today we are going to talk about an asset class that is like real estate investing, but also like investing in a business... One of our goals on The Compassionate Capitalist Show is to understand the different asset classes, the niches of alternative investments, that meet your income and risk profile to help you build wealth so you can achieve the pinnacle of investment and wealth creation that angel investing. According to Bloomberg Markets, storage space is “… the number one alternative investment”. During recent years, self-storage has seen returns in the triple digits, fueled by homeownership dropping to it's lowest point in years after the real estate crash. Key benefits of investing in self-storage properties include: ‍ Resistant to Recession Relatively High Returns Lower Breakeven Occupancy Rate because it has a broad appeal within a community Lower Maintenance and Less Hassle than rental property  In 2020, the global self-storage market was valued at $48.02 billion. It is expected to reach a value of $64.71 billion by 2026, registering a compound annual growth rate of 5.45% from 2021 to 2026. In this episode, you will discover: In this episode, you will discover:  1. who should consider self storage as a niche asset,  2. how do you get started - 3 different ways 3. trends in growth of the sector post COVID,  4. fundamental metrics to consider when evaluating a self storage opportunity, and  5. how you can use your 401k - Self Directed IRA as a source for your funds. My guest today is Jacob Vanderslice is Principal at VanWest Partners, a Denver-based real-estate investment firm focusing on the acquisition and management of self-storage centers. By focusing on this conservative and growing real estate sector, VanWest has established a track record with over $238mm in real estate assets. CONNECT WITH JACOB email Jacob at VanWestPartners.com  Website: http://VanWestPartners.com Linkdein: in/VanWest-Partners and in/Jacob-Vanderslice Karen Rands is the leader of the Compassionate Capitalist Movement™ and author of the best selling investment primer: Inside Secrets to Angel Investing: Step-by-Step Strategies to Leverage Private Equity Investment for Passive Wealth Creation.  She is an authority on creating wealth through investing and building successful businesses that can scale and exit rich.  Karen is an enthusiastic speaker on these topics for corporations, economic development groups, angel investor networks, and professional  business networks.   About Karen https://www.karenrands.co/about-karen-rands/ Visit http://Kugarand.com and click on the Services tab, to learn more about the Compassionate Capitalist Wealth Maximizer System™.  Read about the Due Diligence Services, Investor Relations, Capital Strategies, Capital Access, and Capital Readiness Coaching serviced offered by her firm, Kugarand Capital Holdings.  The Compassionate Capitalist Show™ is a Podcast on YouTube.  Please visit and subscribe and share.  It is great to watch Karen and her guests live, in action.  The whole library of podcasts and interviews since 2020 can be found there by category or chronological. https://bit.ly/CCSyoutubepod  Imagine the feeling of investing in a way that had massive impact and a potential pay you back 10x your money. The time is now to find out if Angel Investing / CrowdFunding Investing is the wealth creation strategy for you.  Hear why the most wealthy people invest in entrepreneurs, and you have been told it is riskier than real estate and stocks.  Sign up for the FREE Compassionate Capitalist Wealth Mastery Challenge Power Week.  http://dothedeal.org      

Join mat and mark as they break down how to set up the perfect structure to partner you IRA with other accounts or other individuals and build a mega IRA account the checkbook LLC is a unique structure that many don't understand.---

Investing in real estate demands substantial capital investments despite having a huge potential for returns. That's why we invited Steve Maldonado to discuss the complexities of utilizing self-directed IRAs as a game-changing resource for funding your syndication projects. Tune in to get started on the path to success and profit today!Key Takeaways to Listen for Self-directed IRA: What it is, its costs, tax advantages, and common mistakes when investing 2 things to consider when investing in self-directed IRAsA guide on how to utilize self-directed IRAs to invest in real estate Benefits of using a self-directed IRA custodian Alternative retirement plans to self-directed IRAsResources Mentioned in This EpisodeFree Apartment Syndication Due Diligence Checklist for Passive InvestorAbout Steve MaldonadoA student of Finance at the University of Central Florida, Steve has applied his knowledge to a career in Sales and Business Development, working with and building teams to adapt to new market trends in the alternative asset industry.Becoming an expert on retirement accounts, he has used his industry knowledge to move into his current position as Director of Syndication Solutions at NuView Trust - a premier custodian for self-directed alternative investments with over $2.5B of assets under management. Steve's passion lies in educating others on how to raise capital from retirement accounts, providing GPs and Syndicators with the right tools to get started raising capital through IRA and 401(k) accounts. He is heavily recruited to speak for podcasts or other events as a subject matter expert in tax-advantaged investing through retirement accounts.Connect with Steve Website: Syndication Solutions with NuView Trust Email: syndication@nuviewtrust.com Phone Number: (407) 305-0675To Connect With UsPlease visit our website: www.bonavestcapital.com, and please click here, to leave a rating and review!SponsorsGrow Your Show, LLCThinking About Creating and Growing Your Own Podcast But Not Sure Where To Start?Visit GrowYourShow.com and Schedule a call with Adam A. Adams

In today's episode of Adam Talks, Adam Bergman, Esq. discusses IRA Financial's audit protection for self-directed retirement plans and why it was ranked number 1 by Investopedia for the 4th consecutive year.

Most of us are conditioned to think that there is only one way to use self-directed IRAs – to invest in public assets and public equities. But there is a lot of missed opportunity around private markets. This is what John Bowens brings to the fore in this conversation. John is a sought-after expert and one of the most respected educators in the self-directed IRA space. Leveraging his over 20 years of experience in the real estate industry, he has trained thousands of investors, giving them the tools they need to take control of their finances and build a lasting legacy. In this conversation, he explains how people can take advantage of their retirement funds to invest in alternative assets and how a company like Equity Trust can help them to that correctly. Join in and learn how to become a better custodian of your money, build lasting wealth, and create the life and legacy you want to have! Love the show? Subscribe, rate, review, and share! https://7einvestments.com/podcast/

At REWBCON23, we had 5 amazing real estate investors all come together to share with how to invest in a recession and protect yourself from the problems that will come with it. With rising interest rates, inflation, recession, etc. there is a lot to discuss. Join these 5 awesome real estate investors in a LIVE podcast recording where they discuss real estate investing for the next few years. Get 50% OFF REWBCON24 here: https://rewbcon.com/24presale AND, get another $50 off when using promo code: STRONGERTOGETHER Get your free real estate investing course: http://www.masterpassiveincome.com/freecourse  Real Estate Group Coaching Membership: https://masterpassiveincome.com/wealthbuilders //BEST REAL ESTATE INVESTING RESOURCE LINKS 1 Minute Green Light Deal Analyzer: http://www.greenlightdealanalyzer.com FREE Property Management Software: https://masterpassiveincome.com/avail Get Business Funding https://masterpassiveincome.com/fundandgrow Great High Interest Savings Account: https://masterpassiveincome.com/cit Self Directed IRA for Real Estate Investing: https://masterpassiveincome.com/rocketdollar Investor Money Management with Stessa: https://masterpassiveincome.com/stessayt // WHAT TO WATCH NEXT How to Use Owner Financing to Make Loads of Money https://youtu.be/qAOpCOWvj6Q How to Analyze a Real Estate Investing Deal in 5 Seconds https://youtu.be/SqA1HcAW4EI How to Set Up Your LLC for Your Business https://youtu.be/B9RzLkAZI9s Everything You Need to Know about Real Estate Comps https://youtu.be/wMZ_We-wlrg Learn more about Dustin and find resources to build an automatic real estate investing business: https://masterpassiveincome.com/ NOTE: This description may contains affiliate links to products we enjoy using ourselves. Should you choose to use these links, this channel may earn affiliate commissions at no additional cost to you. We appreciate your support!

Welcome to Curtis' Corner, a segment hosted by Hudson Investing's Vice President of Investor Relations, Curtis Edwards.  On this episode,we chat with Corey Daharsh. Corey is the business development specialist at Advanta IRA. Advanta IRA is an elite provider of self-directed plans serving clients across the nation. Their mission is to enlighten and empower people who want to take an active role in building retirement wealth. Born and raised in central Florida, Corey is a University of South Florida graduate. He worked in the finance and banking industry for several years before joining Advanta IRA. Corey is a Certified IRA Services Professional (CISP) and delivers exceptional service and self-directed expertise as he educates investors on the power of self-directed accounts in the Carolina/Tennessee region. Welcome to the show, Corey! Key Points From The Episode:-What is a Self-Directed IRA? -Corey's background and upbringing.-How Advanta IRA helps individuals take control over their retirement.-Self-Directed IRAs vs more traditional alternatives typically recommended to investors.Hudson Investing's Guide To Self-Directed IRAs: 

Here's how you can fund wholesale deals with your IRA accountAre you living The Wealthy Way? Take my free quiz with the link below and get FREE access to my course the “Wealth Builder Academy” where I go over all the fundamentals of building wealth in all areas of life.https://www.wealthyway.com/______________________________________________________Here's how my businesses can help you:Want to be coached by me on real estate investing? Apply at http://www.wealthyinvestor.com/case-study/ytLooking to grow in your faith and business? Join the premiere community for Christian entrepreneurs and business people. Develop your leadership, discipleship, and your faith at https://wealthykingdom.com/Are you an entrepreneur who wants to build their personal brand on social media? Go to https://wealthycreator.ioWant to utilize a full service social media agency? At Pineda Media, we film, edit, post, and personally coach you to create top level content and build your personal brand. Apply now! https://www.pinedamedia.com/Want to partner with me to supercharge your business? Apply at https://www.pinedapartners.com/You can invest in my real estate deals! Go to https://pinedacapital.comNeed tax and accounting help? Contact my CPA Firm! https://TrueBooksCPA.com/______________________________________________________My other social media channels:Subscribe to my real estate only channel "Wealthy Investor" https://www.youtube.com/c/futureflipper1Follow me on Social Media: https://www.instagram.com/ryanpinedahttps://www.tiktok.com/@ryanpinedahttps://www.twitter.com/ryanpineda______________________________________________________Greg and Ryan discuss how you can utilize money in your self-directed retirement account to fund or invest in a wholesale business venture! 

Twin sisters show us how they bought 2 rental properties in 6 months in Texas and now makes over $500 a month in passive income. This is not as hard as you might think. This is how you do it. Get 50% OFF REWBCON24 here: https://rewbcon.com/24presale AND, get another $50 off when using promo code: STRONGERTOGETHER Visit Quest Trust Here: https://masterpassiveincome.com/questtrust Get your free real estate investing course: http://www.masterpassiveincome.com/freecourse  Real Estate Group Coaching Membership: https://masterpassiveincome.com/wealthbuilders //BEST REAL ESTATE INVESTING RESOURCE LINKS 1 Minute Green Light Deal Analyzer: http://www.greenlightdealanalyzer.com FREE Property Management Software: https://masterpassiveincome.com/avail Get Business Funding https://masterpassiveincome.com/fundandgrow Great High Interest Savings Account: https://masterpassiveincome.com/cit Self Directed IRA for Real Estate Investing: https://masterpassiveincome.com/rocketdollar Investor Money Management with Stessa: https://masterpassiveincome.com/stessayt // WHAT TO WATCH NEXT How to Use Owner Financing to Make Loads of Money https://youtu.be/qAOpCOWvj6Q How to Analyze a Real Estate Investing Deal in 5 Seconds https://youtu.be/SqA1HcAW4EI How to Set Up Your LLC for Your Business https://youtu.be/B9RzLkAZI9s Everything You Need to Know about Real Estate Comps https://youtu.be/wMZ_We-wlrg Learn more about Dustin and find resources to build an automatic real estate investing business: https://masterpassiveincome.com/ NOTE: This description may contains affiliate links to products we enjoy using ourselves. Should you choose to use these links, this channel may earn affiliate commissions at no additional cost to you. We appreciate your support!

In this episode, William Green chats with hedge fund manager Christopher Begg, who is the CEO, Chief Investment Officer, & co-founder of East Coast Asset Management. Chris is also a revered professor at Columbia Business School, where he teaches the Security Analysis class that was originally taught by Warren Buffett's mentor, Ben Graham. Here, Chris shares powerful lessons on how to identify high-quality businesses & build a life that's defined by a commitment to quality.IN THIS EPISODE YOU'LL LEARN:00:00 - Intro03:54- How Chris Begg came to teach an investing class originally taught by Ben Graham.10:29 - What Chris learned from his ten fireside chats with Berkshire Hathaway's Todd Combs.13:17 - What Buffett & Munger taught Chris about focusing on a few great businesses.17:58 - How he finds undervalued stocks by asking, “Where are the clouds today?”26:55 - Why he's bullish on Meta & Google, despite an array of perceived threats.36:09 - How he identifies great businesses by seeking 8 layers of competitive advantage.47:13 - How to succeed through “persistent incremental progress eternally repeated.”1:00:01 - Why investors can't afford to ignore a company's impact on the environment.1:06:40 - Why consistent kindness is a potent ingredient of success, helping to build trust.1:15:22 - How Chris gains an edge by continuously compounding his interdisciplinary knowledge.1:32:17 - What he's learned about the pursuit of excellence from surfing with Josh Waitzkin.1:40:48 - Why Chris structures his workday to include meditation & contemplation.1:50:46 - What studying Andrew Carnegie—once the world's richest person—has taught him.1:53:40 - Why Chris believes that the world is headed in a better direction.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESChris Begg's investment firm, East Coast Asset Management.One from Many by Dee Hock.Nick Sleep's list of long-term vs short-term characteristics.Robert Pirsig's Zen & the Art of Motorcyle Maintenance, Lila, & On Quality.Finite & Infinite Games by James Carse.William Green's book, “Richer, Wiser, Happier” – read the reviews of this book.William Green's Twitter.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts. P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSIf you're aware you need to improve your bitcoin security but have been putting it off, Unchained Capital‘s Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Have peace of mind knowing River holds Bitcoin in multi-sig cold storage with 100% full reserves.What does happen when money and big feelings mix? Tune in to find out on the new podcast, Open Money, presented by Servus Credit Union.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.Enjoy flexibility and support with free cancellation, payment options, and 24/7 service when booking travel experiences with Viator. Download the Viator app NOW and use code VIATOR10 for 10% off your first booking.Join over 5k investors in the data security revolution with Atakama.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Invest your retirement savings in what YOU know and are passionate about with a Self-Directed IRA with New Direction Trust Company.Send, spend, and receive money around the world easily with Wise.Beat FOMO and move faster than the market with AlphaSense.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

On today's episode, Clay reviews one of Warren Buffett's favorite investment books called The Outsiders by William Thorndike Jr.IN THIS EPISODE YOU'LL LEARN:00:00 - Intro.01:56 - How we should evaluate the performance of a CEO during their tenure.03:01 - How Henry Singleton led Teledyne to deliver a 20.4% average annual return to shareholders during his 30 year tenure.09:18 - How most CEOs think like foxes, while Outsider CEOs think like hedgehogs.22:15 - What it means to be an exceptional capital allocator.26:17 - How Katherine Graham from The Washington Post delivered a 22.3% average return to shareholders from 1971 through 1993. 32:40 - The unconventional decisions that led Warren Buffett to become known as the world's greatest capital allocator.52:55 - How Buffett thinks about constructing a stock portfolio.57:24 - The most common themes in studying Outsider CEOs.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESWilliam Thorndike's book – The Outsiders.Check out our newly released TIP Mastermind Community.Check out our recent episode covering the 2023 Berkshire Hathaway Shareholder Meeting or watch the video.Clay's previous episodes covering Warren Buffett's full story – Part 1 & Part 2, or watch the video here & here.Follow Clay on Twitter.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts. P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSIf you're aware you need to improve your bitcoin security but have been putting it off, Unchained Capital‘s Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Have peace of mind knowing River holds Bitcoin in multi-sig cold storage with 100% full reserves.What does happen when money and big feelings mix? Tune in to find out on the new podcast, Open Money, presented by Servus Credit Union.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.Enjoy flexibility and support with free cancellation, payment options, and 24/7 service when booking travel experiences with Viator. Download the Viator app NOW and use code VIATOR10 for 10% off your first booking.Join over 5k investors in the data security revolution with Atakama.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Invest your retirement savings in what YOU know and are passionate about with a Self-Directed IRA with New Direction Trust Company.Send, spend, and receive money around the world easily with Wise.Beat FOMO and move faster than the market with AlphaSense.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Cynthia Meyer with Financial Finesse talks about whether or not self-directed IRAs are a good idea Episode 2320: Are Self-Directed IRAs a Good Idea? by Cynthia Meyer After years in the financial services industry, Liz Davidson became disgusted with how many people were being sold financial products and services that were not in their best interest. She decided there had to be a better way to provide people from all walks of life with truly unbiased financial guidance--designed to line their pockets, not their financial advisor's. This is the story of Financial Finesse and how they give employees and employers unbiased financial wellness as an employee benefit. They help your employees maximize their compensation and benefits by making better financial decisions. You become a partner in their financial security and reap the benefits of a financially healthy workforce. They've helped hundreds of thousands of employees change their lives. The original post is located here: https://www.financialfinesse.com/2016/04/18/are-self-directed-iras-a-good-idea/  Visit Me Online at OLDPodcast.com  Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Today, our featured guest Fred Moskowitz discusses the cash-flowing advantages of note investing and profitable finance strategies to maximize your ROI. Stay connected to learn more about this investment opportunity and get a good start on generating stable returns!   WHAT YOU'LL LEARN FROM THIS EPISODE  Note investing: What it is, its benefits, and how to get started  Key factors to consider when evaluating potential note investments How significantly lower your tax liability when note investing  The value of networking and educational resources for start-up note investing    RESOURCES/LINKS MENTIONED  Mitt Romney Peter Thiel Title 26–Internal Revenue Code  The Little Green Book of Note Investing by Fred Moskowitz | Paperback Invest In Debt by Jim Napier | Hardcover and Paperback Get in touch with Fred Moskowitz by texting "MONEY" to 215-461-4433 and seize this exclusive chance to transform your future! ABOUT FRED MOSKOWITZ Fred has positioned himself as an authority to invest in alternative assets and build wealth using Self-Directed IRA accounts. Fred combines a 15-year career devoted to entrepreneurship and investing with a mission to help people attain a higher level of financial literacy, resulting in the perfect combination of wisdom and experience providing value to aspiring investors from all walks of life.   CONNECT WITH FRED Website: Fred Moskowitz   Feel free to reach Fred by texting the keyword “Money” through 2154614433.    CONNECT WITH US  Email: shawn@greenbriarcg.com    Instagram: Shawn Winslow  YouTube: Shawn Winslow LinkedIn: Shawn Winslow Facebook: Shawn Winslow  

In part two of Preston Pysh's discussion with Tuur Demeester, they go deep into Tuur's latest report on why right now in particular is a great time to be a Bitcoin bull. Tuur talks about numerous on-chain metrics, and circumstances happening in the macro backdrop that only contribute to the bullish narrative. IN THIS EPISODE, YOU'LL LEARN:00:00 - Intro01:59 - What do inscriptions actually mean for L1 and L2 bitcoin networks?08:19 - Why do so many people have the urge to update the code base?11:17 - Why are inscriptions potentially good for L2?14:25 - Apps that are seamlessly working between L1 and L2.15:36 - What will future fees look like on both layers in 10 years or more?28:34 - Some of Tuur's previous writing and what he's focusing on now.BOOKS AND RESOURCESTuur Demeester's Bitcoin Reformation Article.Tuur Demeester's Latest article: How To Position For the Bitcoin Boom.Tuur Demeester's article from 2015: How to Position For the Rally in Bitcoin.Tuur Demeester's articles from 2015.Tuur Demeester's articles from 2014 - 2021.Related episode: Listen to BTC033: Important Bitcoin Consideration with Tuur Demeester, or watch the video.Related episode: Listen to WSB244: Bitcoin 101 w/ Expert Tuur Demeester, or watch the video.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSIf you're aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Have peace of mind knowing River holds Bitcoin in multi-sig cold storage with 100% full reserves.What does happen when money and big feelings mix? Tune in to find out on the new podcast, Open Money, presented by Servus Credit Union.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.Enjoy flexibility and support with free cancellation, payment options, and 24/7 service when booking travel experiences with Viator. Download the Viator app NOW and use code VIATOR10 for 10% off your first booking.Join over 5k investors in the data security revolution with Atakama.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Invest your retirement savings in what YOU know and are passionate about with a Self-Directed IRA with New Direction Trust Company.Send, spend, and receive money around the world easily with Wise.Beat FOMO and move faster than the market with AlphaSense.Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Join us as we discuss the key benefits of a Self-Directed IRA and how it offers you greater control and flexibility over your retirement funds. Discover the potential tax advantages, the wide range of real estate investment options available, and the step-by-step process to set up and manage your Self-Directed IRA. Learn from experienced investors who have successfully used their Self-Directed IRAs to build wealth through real estate. We'll share valuable tips, strategies, and cautionary advice to help you make informed decisions and avoid common pitfalls. Get 50% OFF REWBCON24 here: https://rewbcon.com/24presale AND, get another $50 off when using promo code: STRONGERTOGETHER Visit Quest Trust Here: https://masterpassiveincome.com/questtrust Get your free real estate investing course: http://www.masterpassiveincome.com/freecourse  Real Estate Group Coaching Membership: https://masterpassiveincome.com/wealthbuilders //BEST REAL ESTATE INVESTING RESOURCE LINKS 1 Minute Green Light Deal Analyzer: http://www.greenlightdealanalyzer.com FREE Property Management Software: https://masterpassiveincome.com/avail Get Business Funding https://masterpassiveincome.com/fundandgrow Great High Interest Savings Account: https://masterpassiveincome.com/cit Self Directed IRA for Real Estate Investing: https://masterpassiveincome.com/rocketdollar Investor Money Management with Stessa: https://masterpassiveincome.com/stessayt // WHAT TO WATCH NEXT How to Use Owner Financing to Make Loads of Money https://youtu.be/qAOpCOWvj6Q How to Analyze a Real Estate Investing Deal in 5 Seconds https://youtu.be/SqA1HcAW4EI How to Set Up Your LLC for Your Business https://youtu.be/B9RzLkAZI9s Everything You Need to Know about Real Estate Comps https://youtu.be/wMZ_We-wlrg Learn more about Dustin and find resources to build an automatic real estate investing business: https://masterpassiveincome.com/ NOTE: This description may contains affiliate links to products we enjoy using ourselves. Should you choose to use these links, this channel may earn affiliate commissions at no additional cost to you. We appreciate your support!

On today's episode, Clay chats with John Jennings about his new book - The Uncertainty Solution. John Jennings is President and Chief Strategist of St. Louis Trust & Family Office, which has $12 billion dollars in assets under management. He is also a member of the firm's Management Committee, on its Board of Directors, and also serves on the Investment, Risk Management, and Trust Committees. John works closely with client families, advising them in all areas of wealth management.IN THIS EPISODE YOU'LL LEARN:00:00 - Intro.01:38 - Why humans are hard-wired to avoid uncertainty.06:40 - Mental models we can use to invest more intelligently.10:08 - How humans tend to react when faced with uncertainty.16:56 - Why we are wired to quickly come to conclusions and tend to confuse correlation with causation.27:17 - How the improbable is much more probable than we might expect.32:13 - Why the economy is not directly correlated with the stock market.47:51 - Where investing falls on Michael Maubbousin's Skill vs Luck continuum.1:00:53 - How behavior biases like loss aversion and overconfidence affect our investment decisions.1:06:14 - How storytelling can trick us into making poor investment decisions.1:10:13 - What base rates are and understanding base rates can help us make more intelligent decisions.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESJohn's new book - The Uncertainty Solution.John's website.John's firm - St. Louis Trust & Family Office.Check out our newly released TIP Mastermind Community.Check out our recent episode covering the 2023 Berkshire Hathaway Shareholder Meeting or watch the video.Follow Clay on Twitter.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts. P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSHave peace of mind knowing River holds Bitcoin in multi-sig cold storage with 100% full reserves.Join over 5k investors in the data security revolution with Atakama.Easily diversify beyond stocks and bonds, and build wealth through streamlined CRE investing with EquityMultiple.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.What does happen when money and big feelings mix? Tune in to find out on the new podcast, Open Money, presented by Servus Credit Union.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Invest your retirement savings in what YOU know and are passionate about with a Self-Directed IRA with New Direction Trust Company.Enjoy flexibility and support with free cancellation, payment options, and 24/7 service when booking travel experiences with Viator. Download the Viator app NOW and use code VIATOR10 for 10% off your first booking.Send, spend, and receive money around the world easily with Wise.Beat FOMO and move faster than the market with AlphaSense.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

On today's episode, Clay Finck brings back Tavi Costa to chat about the beginning of a commodity supercycle. Tavi gives a masterclass in why we are just in the beginning phases of a bull market for gold, silver, and hard assets like commodities. Tavi is a partner and portfolio manager at Crescat Capital. His research has been featured in financial publications such as Bloomberg, The Wall Street Journal, CNN, among others.IN THIS EPISODE YOU'LL LEARN:00:00 - Intro.03:31 - Why Tavi believes we're just at the beginning phases of a bull market for gold, silver, and hard assets like commodities.09:47- When the next wave of inflation may strike.21:21 - What the 4 pillars of inflation are, and why they all point to structurally higher inflation going forward.21:44 - Why the S&P 500's earnings are likely to roll over and decline in the near term.37:40 - Why yield curve inversions are bullish for gold relative to equities.51:09 - Why foreign countries are selling US treasuries to buy gold.83:19 - Where Tavi sees asymmetric opportunities in the gold mining industry.83:27 - Why Tavi is bullish on Brazil and sees Brazil much differently than the other BRICS nations.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out Crescat Capital.Check out our newly released TIP Mastermind Community.Check out our recent episode covering the 2023 Berkshire Hathaway Shareholder Meeting or watch the video here.Follow Tavi on Twitter.Follow Clay on Twitter.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts. P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSHave peace of mind knowing River holds Bitcoin in multi-sig cold storage with 100% full reserves.Join over 5k investors in the data security revolution with Atakama.Easily diversify beyond stocks and bonds, and build wealth through streamlined CRE investing with EquityMultiple.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.What does happen when money and big feelings mix? Tune in to find out on the new podcast, Open Money, presented by Servus Credit Union.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Invest your retirement savings in what YOU know and are passionate about with a Self-Directed IRA with New Direction Trust Company.Enjoy flexibility and support with free cancellation, payment options, and 24/7 service when booking travel experiences with Viator. Download the Viator app NOW and use code VIATOR10 for 10% off your first booking.Send, spend, and receive money around the world easily with Wise.Beat FOMO and move faster than the market with AlphaSense.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This podcast features Jamie Raskulinecz   Jamie is the founder and CEO of Next Generation Trust Company, and discusses the self-directed retirement plan industry and the founding of her company. She also explains how Next Generation Trust Company helps investors invest in non-publicly traded alternatives using their retirement plans. -------------------------------------------------------------- Starting a Self-Directed Retirement Plan [00:00:00] The Difference Between Servicing and Trust Companies [00:02:29] Importance of Customer Experience [00:06:45] The Importance of Self-Directed Retirement Plans [00:08:00] Marketing to Self-Directed Account Holders [00:09:33] Prohibited Transactions in Self-Directed IRAs [00:12:42] Prohibited transactions [00:16:28] Types of accounts: Solo 401k vs IRA [00:17:37] Deploying small balance IRAs [00:23:03] Investing in Personal Loans [00:23:59] Investing in Startups [00:25:19] Contacting Next Generation Trust Company [00:25:48] --------------------------------------------------------------   Connect with Jamie:    Facebook: https://www.facebook.com/NextGenerationTrust/ LinkedIn:https://www.linkedin.com/company/next-generation-trust-company/mycompany/?viewAsMember=true Web: https://nextgenerationtrust.com   Connect with Sam: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.     Facebook: https://www.facebook.com/HowtoscaleCRE/ LinkedIn: https://www.linkedin.com/in/samwilsonhowtoscalecre/ Email me → sam@brickeninvestmentgroup.com   SUBSCRIBE and LEAVE A RATING. Listen to How To Scale Commercial Real Estate Investing with Sam Wilson Apple Podcasts: https://podcasts.apple.com/us/podcast/how-to-scale-commercial-real-estate/id1539979234 Spotify: https://open.spotify.com/show/4m0NWYzSvznEIjRBFtCgEL?si=e10d8e039b99475f -------------------------------------------------------------- Want to read the full show notes of the episode? Check it out below: Jaime Raskulinecz (00:00:00) - . So when you're looking for investors, one of the objections you might get is, you know, all of my money is tied up in the stock market and things are really bad right now, and I can't really liquidate anything because, you know, everything has lost a lot of money, so I gotta stay there and make up for it. So the answer to that objection that I like to tell sponsors to give is, that's really great, and I, I absolutely understand that, but did you know that you're able to use your retirement plan, which, whatever kind you have to make these same investments into non-publicly traded alternatives?      Intro (00:00:37) - Welcome to the How to Scale commercial real Estate Show. Whether you are an active or passive investor, we'll teach you how to scale your real estate investing business into something big.   Sam Wilson (00:00:50) - Jamie Rascal Linens is the founder and CEO o of Next Generation Trust Company. They are custodians for sale directed retirement plans, specializing in the custody and administration of non-publicly traded alternative assets. Jamie, I got all that out in one sentence without messing it up. Thank you so much for coming on the show today.   Jaime Raskulinecz (00:01:07) - Thank you so much for having me. That was a mouthful, wasn't it? Betwe, between my name, pronunciation, and the, and the intro. Wow. ,   Sam Wilson (00:01:15) - It's a lot of big words all crammed into one. Thank you very much. I appreciate that. I've got three questions that I ask every guest who comes on the show in 90 seconds or less. Can you tell me where did you start? Where are you now, and how did you get there?   Jaime Raskulinecz (00:01:28) - Interesting. Um, yes, I can tell you. So, uh, my, my prior business to this was a property management company and I was looking for an additional revenue stream, and I happened to meet someone in this business who, uh, introduced me to it. I thought it was one of the greatest things I had ever heard, because I was also interested in putting real estate in my retirement plan. And so, kind of the rest is history. We started, uh, the servicing company in 2004, the Trust company, um, about seven years ago. And here we are today with, uh, almost 700 million in assets under custody, and, um, you know, still going strong working with real estate investors, fund managers.   Sam Wilson (00:02:16) - That's awesome. That's awesome. You, it, it's keeping you busy. You mentioned a couple of things there. Uh, you, you said, you mentioned you that you had started a servicing company in 2004 and then seven years ago started the trust company. I don't even know what the difference is   Jaime Raskulinecz (00:02:29) - . So, um, back in 2004, next Generation Services was formed. We have two companies, next Generation Services and Next Generation Trust company. And so the services company all by itself, always needed to have a licensed, uh, or chartered financial institution to act as custodian for all the assets. Okay. And without me having that partnership, next Generation Services would be unable to do business. Hmm. So you can only imagine that that was the nightmare that kept me up every night. And I was looking for ways to have both sides of that equation so that we had control of both sides. And so about seven years ago, we formed, the Trust company was chartered in South Dakota, and so the trust company is the custodian for all the assets, and the servicing company is in North Jersey and still does all of the sales, uh, transaction report and other types of reporting. And, uh, the trust company is really the chartered custodian for all of the assets.   Sam Wilson (00:03:38) - So yeah, I mean, that, that's is are all self-directed custodian set up in a similar, uh, kind of arrangement there?   Jaime Raskulinecz (00:03:45) - A lot of them are okay, but, uh, a lot of them are, but some of them use the trust company completely for both sides of that business. And so for me, because the servicing company came first, and because we're located in two different states and the regulations vary, it made more sense to keep them both separate for, um, you know, uh, trust company regulation purposes and other business considerations.   Sam Wilson (00:04:17) - It sounds, I mean, it sounds like this is, uh, is just not obstacles, but just kind of overcoming the legal hurdles required to do business the way you guys wanna do business.   Jaime Raskulinecz (00:04:28) - Yeah, there's, there's a lot of, as you can imagine, there's a lot of regulation, uh, governing these types of businesses and plans, right? So we have to worry about the division of banking in South Dakota because we have an office in New Jersey. We also have to register with the banking commission in New Jersey. We've got i r s and Department of Labor Regulation. So it's really, uh, it's really a lot of fun.   Sam Wilson (00:04:55) - Yeah, I guess so. I guess, so how did, what, what gave you the confidence to enter this space? Knowing all of the regulatory hurdles? And I know some of those may be, maybe they have, maybe they haven't lessened here in the last 10 years, but, um, how did, how did you have the confidence to move forward in that? I mean, that's, that's a lot to swallow all at once, even just thinking about it.   Jaime Raskulinecz (00:05:16) - Well, um, one of the biggest reasons is I think that, um, ignorance is bliss in the beginning. So you really, uh, you know, I didn't have any idea about a lot of what was gonna happen with this, especially the trust company didn't come until many years later. Yeah. So, and, and that's sort of been the story of my life, right? One of my other businesses is property management and we specialize in affordable housing and talk about regulations, right? Right. And so there's that, and my, uh, my prior life, my career was healthcare. So I've been in a heavily regulated environment, uh, pretty much since birth.   Sam Wilson (00:06:01) - Wow. Yeah, I guess, I guess, uh, if you're used to it, you know, and in its own right, you know, those regulations, uh, prevent competition, which I'm not gonna say is a good thing, but, um, they certainly, once you understand it, it's like, well, it's confusing and it's hard and lots of paperwork. So, you know, in its own right. Once you, once you kind of have the inside know-how it's probably, uh, it's probably okay, just getting through that initial hurdle I think would be, would be a little bit challenging. What do you feel like when you formed this company, and you guys have been, I guess now around it's 2023, so that's 19 years, like, what do you feel like you do differently or that was missing in the space? Because I think you saw opportunity there. What was that opportunity?   Jaime Raskulinecz (00:06:45) - Well, for me, regardless of whatever business I was in, what was always top of mind for me was the customer or the client experience. Hmm. And whether that was way back when in healthcare or in property management with tenants, or I've owned rental real estate myself. Yeah. You, you want to provide the best experience to people that you can. And in my industry, as you know, there are small boutique firms like mine, and then there are those giant companies that have been around since the seventies. And really our goal was not to become a giant company, like the ones that have been around since the seventies. I liked being a boutique firm because we can pivot easily and we can make accommodations for our referral sources and for our clients easily. And it was also easy for me to instill that, um, you know, that feeling with all of our staff members. We've done Ritz Carlton training. So, um, you know, that's kind of the level of service that I want us to be known for, and we are actually known for our customer experience in the industry.   Sam Wilson (00:08:00) - No, I think that's great. That's absolutely great. And yeah, I mean, as a, as a deal sponsor, I have, uh, interacted with all of the different, you know, uh, I guess variations of the types of firms out there. And certainly the smaller the firms and the more personalized that experience is, the easier it is for us as sponsors to bring our investors on that have self-directed accounts. And the larger the companies get, the, uh, the more cumbersome and less responsive it tends to be. So I certainly, sure.   Jaime Raskulinecz (00:08:30) - And, and what's our job? It's to make life easier for our client when they wanna make investments. Right. And on the other side, you know, of course, you know, we're not allowed to partner or directly refer, but we wanna make it a seamless process for all the parties concerned in the transaction, otherwise why would they come to me? Right,   Sam Wilson (00:08:49) - Right. Absolutely. Absolutely. I understand there's statistics that are out there and, and I'm not gonna butcher whichever ones they are. Uh, but in short, and I'm guilty of this too, so tell me what the opportunity is and maybe, maybe we could even talk about how deal sponsors can be effectively marketing to the self-directed account holder crowd. Because what I understand is that there's a lot, a lot, a lot of money in self-directed accounts, and again, myself included, especially small balance accounts that is doing absolutely nothing other than sitting in a trust account. How, how, how do we get in front of self-directed account holders and let them know what opportunities we have?   Jaime Raskulinecz (00:09:33) - That is such a great question. So let me, let me start at the beginning. There's almost 12 trillion in IRAs in the United States right now. Uh, it's really boomed because of much more contributions and a lot more gain in the investment. Yeah. Uh, in the last year that may not be so the canon investment, but about 12 trillion. And so we get this question a lot from fund managers and other people who are looking to raise those funds. And you know, my answer to them is because I know some of the objections that you get. So when you're looking for investors, one of the objections you might get is, you know, all of my money is tied up in the stock market and things are really bad right now, and I can't really liquidate anything because, you know, everything has lost a lot of money, so I gotta stay there and make up for it.   Jaime Raskulinecz (00:10:29) - So the answer to that objection that I like to tell sponsors to give is, that's really great, and I, I absolutely understand that, but did you know that you're able to use your retirement plan, which whatever kind you have to make these same investments into non-publicly traded alternatives? And one of the best things to ask, especially now with, um, the layoffs that there have been in the last couple years, is they're an old employer 401K somewhere that you can roll over. Uh, I am not allowed to give people advice, but personally I like to tell people that I can think of only one real specific reason to ever keep your old employer 401K active. And that's if you have stock in that company, you may wanna keep it in that old 401k, but anything other than that, you wanna really roll it over so that you have more control over the investments that you can make and the fees that are involved because 401ks have higher fees, uh, with employers. So that's one strategy to even start talking about, do you have old employer 401ks? What, what are your IRAs doing? Uh, you can also self-direct education savings accounts and HSAs, and a lot of people take advantage of those contributions and use those to self-direct as well.   Sam Wilson (00:11:57) - I think that's, that, that's really cool. Um, and, and most people don't, most people don't know even about self-directed IRAs. Even inside of my own family, I've had to educate a lot of my own siblings like, Hey, you know, you can move this into an accountant and tell, tell 'em what to do with it. Like that, that's, that's, and, and, and so if they don't know about that in the self-directed IRA space, then you start getting, you know, further down the rabbit hole into self-directed HSAs and things like that. And that's, that's mind blowing I think for a lot of people. Let's talk a little bit about maybe the transaction types, prohibited transactions, things like that, that go into self-directed IRAs. I know there's all kinds of confusion on this, and so I'm hoping maybe you can kind of just boil this down so a simpleton like me can understand   Jaime Raskulinecz (00:12:42) -  Well, it took a simpleton like me to figure it out and figure it out quickly too when I first started the business. Right. Okay. So the easiest thing to remember is not what type of investments am I allowed to do within a self-directed ira because they're, you know, it's a huge number. What is best to remember is what am I not allowed to do? And the only things that are not allowed investment in self-directed IRAs are life insurance policies and collectibles. And so, uh, that means that if somebody says to you, gee, I wanna invest in a racehorse, can I do that? You absolutely can. So, and we've had people do that. Um, you know, I wanna invest in oil and gas interest or lease rights for mineral rights. Can I do that? Absolutely, you can. Uh, another interesting one was several years ago they purchased licenses to, uh, purchase feet at national sports stadium games. I never even knew that was a thing.   Sam Wilson (00:13:50) - Oh. So,   Jaime Raskulinecz (00:13:52) - Um, so the possibilities really are endless. You may invest in, you know, anything except for those two things. Um, I have people, you know, real estate investors are mostly creative thinkers, right? So real estate investors are, uh, a real fun and interesting group for me to work with because I'm always getting calls with creative ideas to try to do something that's not allowed. So, , how about if I structure it this way? Yeah, no, it's still not good. You can't, you know, you can't get around the rules, right? But, you know, we, we have great discussions with people, but the structure, as you say is important. If you have family members or if you have business partners that you are associated with, you're unable to really do transactions between you and them. So a great example, you and your wife own property personally, and you wanna get it into your ira.   Jaime Raskulinecz (00:14:54) - You can't sell it into either one of your IRAs because it's self-dealing. You can't purchase or sell anything that you already owned personally. If you and your wife had separate IRAs and you wanted to invest in a property together, uh, this requires some thought about this. You may invest in a property together and you may partner together, but the percentages that you start out investing must remain the same throughout the entire investment. So if you purchase a property, 50, 50, 50% of the investment money must come from each ira and all of the income must come back to the IRAs in those same percentages. So 50% of the rent, 50% of expenses from either ira, and those percentages can never change because then that's actually doing transactions with disqualified people. That's why the percentages must stay the same, but there is a lot of flexibility to partner with others, even though they may ordinarily be disqualified from doing a transaction between you.   Sam Wilson (00:16:05) - Right. The way I've, I, the way I've understood disqualified, uh, uh, people, it would be more of a, a linearal, no linearal, gosh, can't even speak today, but just direct descendants. Like, my mom can invest with me in a deal that I am a general partner on, but my siblings can. Is that right? Correct.   Jaime Raskulinecz (00:16:28) - Yeah. But you have to be careful. If your siblings invest, then you have to be sure that it's a market rate transaction and that your siblings IRAs are not getting special treatment because of the relation, right. Or your fund, or your deal isn't getting special consideration. Like if they're giving you a loan, maybe they're giving you half of the normal interest rate that's market that's wouldn't be allowable. So you also have to keep some good records to prove that everything was market rate.   Sam Wilson (00:17:02) - Right. Right. Yeah. Which, I mean, market rate four years ago might, might have been three to 5% market rate today might be 10 or 15. So , right,   Jaime Raskulinecz (00:17:12) - You're   Sam Wilson (00:17:13) - Gonna, you're gonna need the, uh, need that good record keeping there. Okay. Awesome. So we've talked a little bit about prohibited transactions. We've talked about how to market to, uh, self-directed account holders. What, and we've talked a little bit about the types of accounts. I think we mentioned self-directed IRAs, we mentioned, uh, self-directed HSAs and self-directed. What was the other one you threw in there that was a   Jaime Raskulinecz (00:17:36) - Little bit? Education savings, account   Sam Wilson (00:17:37) - Education savings account. One that I don't hear a lot of press coverage on, because I think everybody, I think IRAs for whatever reason tend to be more, just more people know about 'em. But solo 401ks, what is to walk us through that benefits, maybe if you're considering opening accounts, why one versus the other? I don't even, not even sure. I understand why one is better than the other. So maybe you can kind of talk to us about those.   Jaime Raskulinecz (00:18:04) - Well, on a solo k there, there can be no common law employees of the company if you have a solo K but you can have partners or spouses that can, uh, be included in the plan. And so why some people see benefits to using a solo K first thing is the contribution limits to a solo K are much higher than you could put into an ira. So for 2023, and I have some cheat notes for myself cause uh, my memory is bad, but for 2023 and a solo, okay, you can, um, you can contribute up to 25% of your compensation to a maximum of about, uh, 22,500. And if you're 50 and above this year, there's a $7,500 catch up contribution. So the contribution limits are a lot higher. If you mortgage a property in a solo k, it's a little bit, it's, it's a little bit easier to mortgage a property in a solo k um, there are some benefits to that, but the disadvantages to a solo K or that most people don't really understand them, uh, there are companies that specialize in self-directed solo Ks, and that might be all they do is qualified plans for non-publicly traded alternatives.   Jaime Raskulinecz (00:19:38) - We offer solo Ks as well, but we require folk to have a third party administrator to advise them on the setup of the plan, the ongoing reporting and maintenance of the plan, because that's, that's a whole separate field, uh, qualified plan administration, and that's really not our thing. So en to, to enable somebody to do it, they really have to have someone to advise them.   Sam Wilson (00:20:03) - Right. Yeah. It sound, it sounds like there's, there's, uh, maybe some flexibility benefits that come with it, but then also some reporting and, um, just some rules to that game maybe that are sounds really nuanced.   Jaime Raskulinecz (00:20:19) - Yeah, and a little more of an expense too, right? Because you actually need to have somebody advise you on that. So, uh, it it's a little more expensive to do if you think you're gonna make all of those. Uh, if you're gonna maximize the contributions and perhaps you have an old employer 401K that you wanna roll into this plan, so you have a lot of funds, then it kind of makes sense, right? You've got a lot of money in there and you wanna be able to put it to maximum use for your investments, and then it pays to pay all of those professionals to advise you, right? If, if you, if you have $10,000 in that plan, um, you know, why would you wanna spend money on the advisors, you know, makes more sense to use an IRA simpler,   Sam Wilson (00:21:01) - Right? Yeah, absolutely. Are there things that we should be doing on the IRA side of things to, I mean, are there, are there advantages or, or, uh, is there any capability of putting in more than maybe what the contribution limits that are published? Are there, are there kind of some catch up provisions or anything like that that we should be thinking about?   Jaime Raskulinecz (00:21:21) - Yeah, there are, uh, catch up contributions for, uh, traditional and Ross, although not as generous as, uh, the 401k. So it's only a thousand dollars catch up contribution for both of those, and the contribution limits are 6,500 for this year. But you know, what people don't realize is with those old employer 401ks, um, you know, as I keep saying, there's not too many reasons to keep all your money over there. You can roll those into an IRA and have a nice balance to enable you to do some creative investing.   Sam Wilson (00:21:58) - Yeah, no, that's cool that I didn't realize that, that you could roll old 401K funds into an ira. What, what do you advise? This is a personal question because I see, I see both in my investor pool and me personally inside of my self-directed ira, you get distributions. Maybe they're monthly, maybe they're quarterly, but you know, so let's say we put 50 grand in a deal and you know, it's throwing off 8% a year, whatever that comes out to be, what is that? 4,000 bucks a year? Yeah, it's really hard, especially when that 4,000 bucks dribble dribbles in $1,000 at a time throughout the year to do anything meaningful with that. What do, what do you see some people doing to kind of overcome that hurdle of small accounts, especially investments that produce cash flow, but then, I mean, it's gonna take 12 years to have another $48,000 to invest into anything at 4,000 bucks a year. If that's all that account had was 50 grand, then I'm not saying that's what it is, but if that were the case, so what are people doing right now to kind of deploy small balance IRAs in a meaningful way?   Jaime Raskulinecz (00:23:03) - Uh, good question. And so don't forget, even though you have a small balance, um, IRA, you probably can make contributions every year to boost up that balance, right? So you have to watch your income limits and, and what other contributions you're making. Yeah. But you can add to it that way. But a favorite method, uh, or a favorite investment in our office of small balance accounts, especially with some young people who might just be starting out, they may look at their balance and say, especially in this interest rate environment, I have a friend who has credit card bills or whatever, and they're paying, what is it now, 30%? I'm afraid to look at my statement. So I don't even know what credit card interest is these days, but it's, it's, you know, really high. Sure. So, um, they're paying this off and maybe it's 30% interest.   Jaime Raskulinecz (00:23:59) - I can get maybe four and a half percent in a treasury fund right now because interest rates are going up so much. But if I offer that person a personal loan, and it could be collateralized by something, it doesn't have to be an unsecured note, but I'm gonna lend this person $5,000 to pay off some credit card debt, and instead of them paying 30% and me getting four and a half, maybe I'll get 10, right? Or 12 if it's not collateralized by anything, maybe even 15, because there's no collateral, right? You have to look at what your user, uh, laws are in each state, but I'm going to get a much higher interest rate, you're gonna get a much lower interest rate, and I still have recourse against you if you don't pay me, uh, or if you don't pay my ira. So that's a good way to do it. There are some other companies that take smaller investments into some startups, so I don't, there's so many out there crowdfunding sites and startups, but you can use your IRA or other money to do smaller investments in some of these platforms that do investments in startup companies, and they're small minimums, right? So those are two of the most popular ones that I see.   Sam Wilson (00:25:19) - Yeah, I would, I would, I would think a reggae fund of some sort where you could, especially if you can, you know, continuously invest those distributions that are coming to your account, would be a good way to, a good way to deploy that as well. I hadn't, hadn't, uh, considered that, uh, on that front. So, no, those are, those are great. Two very great suggestions there. Jamie. I know we're over time. I certainly appreciate you coming on the show today. This was a blast. Learned a ton from you. If our listeners want to get in touch with you or your company, what is the best way to do that?   Jaime Raskulinecz (00:25:48) - Well, we, our website is next generation trust.com. That's probably the best way. There are several ways to reach us there. We have, uh, a chat spot on that website. We have a form on the website to contact us. There's a ton of educational resources there. We have, uh, pre-recorded webinars and other videos. We have white papers that they can download to see the different investment types. And there's also, uh, a listing of our staff and ways to contact them if you want to talk to a live person. Fantastic. We have a live, live person answering the phone during business hours, so you, you will always get a person at my office.   Sam Wilson (00:26:30) - Awesome. Awesome. Thank you Jamie, so much for that. I do appreciate it. Thanks so much for coming on the show. Have a great rest   Jaime Raskulinecz (00:26:35) - Of your day. Thanks so much for having me.   Sam Wilson (00:26:37) - Hey, thanks for listening to the How to Scale Commercial Real Estate Podcast. If you can, do me a favor and subscribe and leave us a review on Apple Podcast, Spotify, Google Podcast, whatever platform it is you use to listen. If you can do that for us, that would be a fantastic help to the show. It helps us both attract new listeners as well as rank hire on those directories. So appreciate you listening. Thanks so much and hope to catch you on the next episode.      

In this first of a two-part series, Preston Pysh and Tuur Demeester cover all the talk about the inscriptions and the high fees that we're currently seeing on layer one of the network. They also talk about scalability on layer two regulatory developments and plenty more. IN THIS EPISODE, YOU'LL LEARN:00:00 - Intro01:59 - What do inscriptions actually mean for L1 and L2 bitcoin networks?08:19 - Why do so many people have the urge to update the code base?11:17 - Why are inscriptions potentially good for L2?14:25 - Apps that are seamlessly working between L1 and L2.15:36 - What will future fees look like on both layers in 10 years or more?28:34 - Some of Tuur's previous writing and what he's focusing on now.BOOKS AND RESOURCESTuur Demeester's Bitcoin Reformation Article.Tuur Demeester's Latest article: How To Position For the Bitcoin Boom.Tuur Demeester's article from 2015: How to Position For the Rally in Bitcoin.Tuur Demeester's articles from 2015.Tuur Demeester's articles from 2014 - 2021.Related episode: Listen to BTC033: Important Bitcoin Consideration with Tuur Demeester, or watch the video.Related episode: Listen to WSB244: Bitcoin 101 w/ Expert Tuur Demeester, or watch the video.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSHave peace of mind knowing River holds Bitcoin in multi-sig cold storage with 100% full reserves.Join over 5k investors in the data security revolution with Atakama.Easily diversify beyond stocks and bonds, and build wealth through streamlined CRE investing with EquityMultiple.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.What does happen when money and big feelings mix? Tune in to find out on the new podcast, Open Money, presented by Servus Credit Union.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Invest your retirement savings in what YOU know and are passionate about with a Self-Directed IRA with New Direction Trust Company.Enjoy flexibility and support with free cancellation, payment options, and 24/7 service when booking travel experiences with Viator. Download the Viator app NOW and use code VIATOR10 for 10% off your first booking.Send, spend, and receive money around the world easily with Wise.Beat FOMO and move faster than the market with AlphaSense.Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

A fortress of wealth around you will protect you and everyone you bring inside of it. The wealthy create their own fortresses of wealth and this is how you can do it too. Get 50% OFF REWBCON24 here: https://rewbcon.com/24presale AND, get another $50 off when using promo code: STRONGERTOGETHER Join Us at our LIVE EVENT - REWBCON - Get 10% OFF Your Ticket Code: "podcast" https://rewbcon.com Get your free real estate investing course: http://www.masterpassiveincome.com/freecourse  Real Estate Group Coaching Membership: https://masterpassiveincome.com/wealthbuilders //BEST REAL ESTATE INVESTING RESOURCE LINKS 1 Minute Green Light Deal Analyzer: http://www.greenlightdealanalyzer.com FREE Property Management Software: https://masterpassiveincome.com/avail Get Business Funding https://masterpassiveincome.com/fundandgrow Great High Interest Savings Account: https://masterpassiveincome.com/cit Self Directed IRA for Real Estate Investing: https://masterpassiveincome.com/rocketdollar Investor Money Management with Stessa: https://masterpassiveincome.com/stessayt // WHAT TO WATCH NEXT How to Use Owner Financing to Make Loads of Money https://youtu.be/qAOpCOWvj6Q How to Analyze a Real Estate Investing Deal in 5 Seconds https://youtu.be/SqA1HcAW4EI How to Set Up Your LLC for Your Business https://youtu.be/B9RzLkAZI9s Everything You Need to Know about Real Estate Comps https://youtu.be/wMZ_We-wlrg Learn more about Dustin and find resources to build an automatic real estate investing business: https://masterpassiveincome.com/ NOTE: This description may contains affiliate links to products we enjoy using ourselves. Should you choose to use these links, this channel may earn affiliate commissions at no additional cost to you. We appreciate your support!

On today's show, we have the honor of interviewing legendary real estate investor and entrepreneur, Sam Zell.Sam Zell has an impressive background, having started his career in real estate in the late 1960s. He is the founder and chairman of Equity Group Investments, a leading private investment firm. Over the course of his career, Sam has made many bold moves and investments, earning him a reputation as a savvy and fearless investor.One of Sam's most notable achievements was his role in creating the modern-day real estate investment trust (REIT) industry. He did this by founding Equity Office Properties Trust in 1997, which became the largest office REIT in the United States. In 2007, he sold the company for a record-breaking $39 billion.Joining us today as a co-host is David Greene, an accomplished real estate investor, and host of the BiggerPockets podcast, one of the most popular and highly-rated podcasts in the real estate investing space.IN THIS EPISODE YOU'LL LEARN:00:00 - Intro.04:49 - How Sam helped pioneer the REIT industry and what improvements he would like to see today30:42 - What drives him to succeed at 81 years old 35:37 - Why Sam would raise interest rates further if he was the head of the Federal Reserve49:36 - How Sam thinks through when to buy and when to sell50:48 - A play-by-play breakdown of how he sold Equity Group Investments to Blackstone for nearly $40 billion dollars1:06:08 - Why he says “liquidity = value”Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESAm I Being Too Subtle by Sam Zell BookBigger Pockets PodcastTrey Lockerbie TwitterNEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts. P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSIf you're aware you need to improve your bitcoin security but have been putting it off, Unchained Capital‘s Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Have peace of mind knowing River holds Bitcoin in multi-sig cold storage with 100% full reserves.What does happen when money and big feelings mix? Tune in to find out on the new podcast, Open Money, presented by Servus Credit Union.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.Beat FOMO and move faster than the market with AlphaSense.Send, spend, and receive money around the world easily with Wise.Join over 5k investors in the data security revolution with Atakama.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Discover the leading community for engaged investors, and the best source of investment analysis and opinion with Seeking Alpha. Listeners get a special deal: Alpha Picks for $99 + 1 month of FREE Seeking Alpha Premium!Unravel the fascinating story of Elon Musk's unexpected bid to buy Twitter, and all of the drama that has happened since then with Flipping The Bird: Elon vs. Twitter.Invest your retirement savings in what YOU know and are passionate about with a Self-Directed IRA with New Direction Trust Company.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this episode, Clay Finck presents his favorite clips from the 2023 Berkshire Hathaway annual shareholder meeting, featuring insightful responses from Buffett and Munger during the marathon Q&A session, along with his own thoughts on their answers.IN THIS EPISODE YOU'LL LEARN:00:00 - Intro.05:30 - Buffett and Munger's thoughts on the commercial real estate.09:37 - Why value investors must evolve to the increasingly competitive world of investing.17:36 - How Buffett allocates capital to balance profits versus building out a competitive moat.33:04 - Munger's stance on position sizing.38:16 - Buffett's updated thoughts on Taiwan Semiconductor which is a business Berkshire entered and fully exited over a matter of months.40:09 - Buffett's thoughts on the US Dollar's status as the world's reserve currency.54:40 - Common mistakes to avoid to live a good life.01:01:21 - Buffett and Munger's most recent thoughts on Occidental.01:12:23 - How Berkshire can continue to attract high quality subsidiary managers.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out the full video of the Berkshire Hathaway meeting here.Join our newly released TIP Mastermind Community.Check out our recent episode covering Mark Leonard's Letter's and Constellation Software. Watch the video here.Check out Clay's YouTube video calculating the intrinsic value of Constellation Software here.Follow Clay on Twitter.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts. P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSIf you're aware you need to improve your bitcoin security but have been putting it off, Unchained Capital‘s Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Have peace of mind knowing River holds Bitcoin in multi-sig cold storage with 100% full reserves.What does happen when money and big feelings mix? Tune in to find out on the new podcast, Open Money, presented by Servus Credit Union.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.Beat FOMO and move faster than the market with AlphaSense.Send, spend, and receive money around the world easily with Wise.Join over 5k investors in the data security revolution with Atakama.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Discover the leading community for engaged investors, and the best source of investment analysis and opinion with Seeking Alpha. Listeners get a special deal: Alpha Picks for $99 + 1 month of FREE Seeking Alpha Premium!Unravel the fascinating story of Elon Musk's unexpected bid to buy Twitter, and all of the drama that has happened since then with Flipping The Bird: Elon vs. Twitter.Invest your retirement savings in what YOU know and are passionate about with a Self-Directed IRA with New Direction Trust Company.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU'LL LEARN:00:00 - Intro 01:17 - Why Alex wrote the book.04:50 - How the IMF and World Bank actually put many countries into repression.09:30 - Do the leaders of structurally adjusted nations know that it's a malicious force.24:39 - How do the leaders think about the loans that just keep expanding.26:48: What's happening with the Chinese currency in many global south communities.33:46: What's one of the most striking finds of writing the book.36:46: Interesting stories about Bitcoin during his research.BOOKS AND RESOURCESAlex Gladstein's New Book: Hidden Repression.Alex's Organization, The Human Rights Foundation.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSIf you're aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Have peace of mind knowing River holds Bitcoin in multi-sig cold storage with 100% full reserves.What does happen when money and big feelings mix? Tune in to find out on the new podcast, Open Money, presented by Servus Credit Union.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.Beat FOMO and move faster than the market with AlphaSense.Send, spend, and receive money around the world easily with Wise.Join over 5k investors in the data security revolution with Atakama.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Discover the leading community for engaged investors, and the best source of investment analysis and opinion with Seeking Alpha. Listeners get a special deal: Alpha Picks for $99 + 1 month of FREE Seeking Alpha Premium!Unravel the fascinating story of Elon Musk's unexpected bid to buy Twitter, and all of the drama that has happened since then with Flipping The Bird: Elon vs. Twitter.Invest your retirement savings in what YOU know and are passionate about with a Self-Directed IRA with New Direction Trust Company.Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

On today's show, Stig Brodersen talks with legend investor Mohnish Pabrai. In the interview, Mohnish Pabrai generously shares his investment framework and touches on various stocks, including Alibaba, Constellation Software, Reysas Logistics, and Shinoken. Disclaimer: Stig Brodersen is invested in Pabrai Funds. IN THIS EPISODE YOU'LL LEARN:00:00 - Intro.01:35 - How to stay objective when you get advice from someone you admire and like04:56 - Why the Turkey stock market is attractive10:05 - Mohnish Pabrai's four steps to read annual reports27:22 - What happened to Shinoken, one of Mohnish Pabrai's previous holdings40:56 - Mohnish Pabrai's thoughts on Constellation Software and Mark Leonard49:44 - Mohnish Pabrai's thoughts on Alibaba 54:48 - How to live a truthful lifeDisclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESMohnish Pabrai's websiteLearn more about Mohnish Pabrai's Dakshana FoundationListen to our interview with Mohnish Pabrai about investing in stocks or watch the video.Tune into our interview with Mohnish Pabrai about value investing and philanthropy or watch the video.Listen to our interview with Mohnish Pabrai about value investing or watch the video.Tune into our interview with Mohnish Pabrai about value investing in 2021 or watch the video.Listen to our interview with William Green about Mohnish Pabrai or watch the video.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts. P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSHave peace of mind knowing River holds Bitcoin in multi-sig cold storage with 100% full reserves.Join over 5k investors in the data security revolution with Atakama.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.What does happen when money and big feelings mix? Tune in to find out on the new podcast, Open Money, presented by Servus Credit Union.If you're into marketing podcasts that walk through how successful entrepreneurs, politicians, and influencers have convinced and persuaded people, then you should give Nudge, hosted by Phil Agnew, a listen!Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Discover the leading community for engaged investors, and the best source of investment analysis and opinion with Seeking Alpha. Listeners get a special deal: Alpha Picks for $99 + 1 month of FREE Seeking Alpha Premium!Invest your retirement savings in what YOU know and are passionate about with a Self-Directed IRA with New Direction Trust Company.Unravel the fascinating story of Elon Musk's unexpected bid to buy Twitter, and all of the drama that has happened since then with Flipping The Bird: Elon vs. Twitter.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

On today's episode, Clay Finck does analysis on two high-quality compounders – Topicus.com and Copart. Topicus.com is a spin off of Constellation Software and is at a size similar to what CSI was back in 2010. They provide vertical market software and vertical market platforms in Europe. Copart provides online auctions and vehicle remarketing services in the United States, Canada, and many other countries.Both companies have strong competitive advantages, strong fundamentals, high insider ownership, and managers who think and act like owners, which led Clay to researching them further during this episode.IN THIS EPISODE YOU'LL LEARN:00:00 - Intro.02:05 - Clay's biggest takeaways from reading 100 Baggers by Chris Mayer.07:00 - Chuck Akre's 3 legged stool approach to compounding wealth.09:00 - Clay's assessment of Topicus as an individual stock.08:00 - Topicus's history as a business.10:00 - Why Topicus operating in Europe is potentially a big competitive advantage.29:00 - Why Copart is well-positioned to prevent competition from taking their market share.47:00 - Copart's insider ownership.54:00 - Potential risks for Topicus and Copart.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESLuxor Capital's Presentation.Willis Johnson's book Junk to Gold.Check out our newly released TIP Mastermind Community.Check out our recent episode covering Mark Leonard's Letters and Constellation Software or watch the video.Check out Clay's YouTube video calculating the intrinsic value of Constellation Software here.Follow Clay on Twitter.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts. P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSHave peace of mind knowing River holds Bitcoin in multi-sig cold storage with 100% full reserves.Join over 5k investors in the data security revolution with Atakama.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.What does happen when money and big feelings mix? Tune in to find out on the new podcast, Open Money, presented by Servus Credit Union.If you're into marketing podcasts that walk through how successful entrepreneurs, politicians, and influencers have convinced and persuaded people, then you should give Nudge, hosted by Phil Agnew, a listen!Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Discover the leading community for engaged investors, and the best source of investment analysis and opinion with Seeking Alpha. Listeners get a special deal: Alpha Picks for $99 + 1 month of FREE Seeking Alpha Premium!Invest your retirement savings in what YOU know and are passionate about with a Self-Directed IRA with New Direction Trust Company.Unravel the fascinating story of Elon Musk's unexpected bid to buy Twitter, and all of the drama that has happened since then with Flipping The Bird: Elon vs. Twitter.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.