215: Net Worth of 1.1M - Bitcoin Ponzi Scheme, 200K Profit

Millionaires Unveiled

Jace Mattinson

Investing, Millionaire, Financialplanning, Business, Self-improvement, Education, Finance

4.8 • 872 Ratings

🗓️ 6 December 2021

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

Derek has a net worth of $1.1 Million. Of the 1.1M 95% is invested in equities between mutual funds and single stocks. He works as an officer in the Navy and has moved around numerous times during his professional career. Derek talks about investing in retirement accounts, including the government sponsored thrift savings plan, deciding when to buy a primary residence, and how he made the switch from investing in single stocks to mutual funds. Derek also shares advice on what to do when holding too much cash.

Transcript

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0:00.0	When I first started and actually started picking stocks I wanted to basically I hate holding stocks that don't pay me to hold them.
0:09.0	So I love the concept of dividends that they pay me to invest in their company.
0:15.0	You can chuckle at me, but the Four Dummies book is what set me on starting to learn about this.
0:20.0	You're listening to the Millionaires Unveiled Podcast, where you'll hear the stories and
0:26.6	interviews of everyday millionaires.
0:29.7	We'll unveil their decisions, their strategies, and their current portfolio their in Welcome back another episode of The Millionaires Unveiled Podcast,
0:45.0	Episode 215.
0:47.0	Happy December, everybody, this is Clark,
0:49.0	here with my co-host Jace.
0:51.0	Jace, what's going on?
0:52.0	Indeed, man, I'm just, I'm just pumped.
0:54.2	We are getting beautiful weather here in Texas.
0:56.7	We're still going out to the lake right now.
0:59.0	I know some people in the north,
1:00.8	fill in the, fill in the cold already, but man's it's a it's the most beautiful
1:04.7	time of the year right now it's crazy for us right now I'm loving it pretty nice to
1:09.4	have that in December right yeah it's like high 70s, low 80s every day.
1:13.0	Little unseasonably warm, but I'm taking it, man. I'm loving it.
1:17.0	What does that mean?
1:18.0	Is that, I mean, there's going to not be a great ski season this year, or is it totally uncorrelated?
1:22.0	I don't know, man, I'm not the weather man.
1:25.0	No idea what...
	...

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