107: 2018 Q3 Updates – The Downturn

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Investing, Business

4.8 • 518 Ratings

🗓️ 22 October 2018

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Sam Marks & Johnny FD are back for another quarterly update on their finances, investments, and personal portfolio.

During the episode, co-hosts Sam & Johnny talk about the downturn of this quarter in the stock market and the implications it brings. They gave comments on each investment they ventured in that has been significantly affected by this fall. Also, they share their new investments for this quarter and their plans for the upcoming one.

Where we are:

Sam - South Carolina
Johnny - Chiang Mai

Recommended:

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ArtofFX – start with just a $25,000 account
RealtyShares – try it free
Wealthfront – get your first $15,000 managed free
Betterment – get up to 1 year managed free
PeerStreet – get a 1% yield bump on your first loan
Traveling Mailbox – get 5% off subscriptions with ‘ILAB’ promo code

Time Stamps:

07:06 – The downturn of cryptocurrency
08:00 – Oil, Gold, or Bitcoin?
13:19 – Their investments in crypto
14:24 – Significant downfall in the stock market
16:05 – Review on ArtofFX
18:05 – Upsides of PeerStreet
22:59 – Why invest in Fundrise?
26:21 – New Investments this Quarter
32:16 – Life’s Goals
43:59 – Sam’s new Dropshipping Store
47:40 – Recap for the Quarter
56:29 – Plans for the upcoming Quarter

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Transcript

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0:00.0	Hi bosses, Sam here. This week's episode is brought to you by Traveling Mailbox. Traveling
0:04.5	Mailbox is a virtual mail solution for businesses and entrepreneurs. It's going to be the future
0:09.7	for all of us. Virtual Mailboxes, my gosh, I wish I had gotten started with this years ago,
0:14.5	being on the road as much as I have, and always moving addresses, mail, including checks,
0:19.2	regularly go missing. As any regular listeners know,
0:22.6	two months, I've had two different things end up in collections simply because they went to the
0:27.5	wrong address and I never received them. Now I'm in Greece as part of a two-month European
0:31.5	circuit. I no longer worry about mail. Traveling mailbox receives all my mail, scans it to an email,
0:37.2	and then lets me decide what I want
0:38.9	to do with it, whether it's shred it, forward it, or even deposit checks on my behalf.
0:42.9	It truly makes life, investing, and business more efficient and worry-free.
0:47.3	Traveling mailbox has given us a 5% off promo code.
0:50.0	If you want to try it, I definitely recommend it.
0:52.5	Just go to the link in our show notes and use promo code, ILab. It's a great service. Get after it. Welcome to the Invest Like a Boss podcast. I'm Sam Marks. And I'm Johnny FD. We're self-made entrepreneurs who invest our own money and use modern technology to invest like a boss. Join us each week for exclusive interviews with our network of modern investors, business owners, and multimillionaires to discover new ways to invest our hard-earned cash.
1:15.9	Hey, guys, this is Johnny, and welcome to episode 107 of the Invest Like a Boss podcast.
1:21.6	I'm here with Sam Marks.
1:22.5	This is our quarterly updates.
1:25.2	And I think I'm going to name this the downturn because this is a hard
1:29.8	The down turn.
1:31.9	This has been a tough quarter for everybody.
1:34.9	Doesn't it feel like, and this has been said many times before, but it's so true that
1:38.9	the market takes the stairs up and the elevator down.
	...

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