😖 Sharing Ls not just Ws
What is it that you want exactly?
Here’s what’s in this week’s newsletter
🎙️ Radio recap
🤨 Haters gonna hate
🤷🏻 Why are you investing?
👎🏼 Real Estate Suckfest
📈 Interest rates
OK, lets go…
🎙️ Each week I’m sitting down with GPs (General Partners) and CEOs of alternative investment funds and platforms. I ask all the questions you would in order to decide if you’d want to invest.
Are you an accredited investor?
Are you looking for income and cash flow not correlated to the public markets?
I hope you enjoyed this week’s call with Martin Saenz.
In case you missed it here it is again 👇🏼
🤨 I know one guy did not enjoy it because he wrote me to tell me so.
Now, putting aside the fact that John is an ass and that at 7:15am he had not yet had time to listen to the episode...
It got me thinking.
If you did listen to the podcast then you know that Martin’s main motivation in life is his family.
Martin talks about the fact that his ~$35MM fund is more than half his partner’s and his own money.
Talk about skin in the game! Martin is all-in.
The name of his fund is BeQuest, he is working on generational and legacy wealth.
That is Martin’s Why.
And that is awesome.
But its not the only viewpoint and here’s something else.
Surely this study is flawed, yadda yadda, but I can tell you first hand that in my Global Financial Crisis cleanup days as a real estate auctioneer I was frequently taking things from over-leveraged, over-privileged, second generations.
But I digress.
Another idea is that you should optimize your money for the time that you have right now… while you are alive.
I know I’ve mentioned this book before but Die with Zero: Getting All You Can from Your Money and Your Life is an excellent book that can help put your financial life in perspective.
It’s one of the reasons I’m focused on income and cashflow from my investments. Passive income let you live your life on your terms.
🤷🏻 What’s your motivation? Why are you trying to do better with your money?
Consider that carefully because it should guide most of your financial decisions in my humble opinion.
👎🏼 Real Estate Suckfest
I can’t just tell you about the wins.
If I’m going to open the kimono then I’ve got to show you the warts as well (gross I know but let’s go with it).
So. Confession time.
I’m invested in Blackstone’s REIT.
You may have heard of it.
They’re limiting redemptions.
Now, I wasn’t planning on a redemption anytime soon and over the last couple of years this fund has been a workhorse.
I don’t have a huge position and it was always long-term money but hearing that your non-traded REIT has got a run on it is no bueno.
There’s not much I can do about it other than wait it out but that doesn’t change the suck.
But that’s not all 😬