290: Generate Higher Passive Returns Selling Shareholder Voting Rights

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Investing, Business

4.8 • 518 Ratings

🗓️ 15 February 2024

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

We dig into a new platform called Shareholder Vote Exchange (SVE) to unlock value in proxies you are issued for each individual stock you own. As far as we know, SVE is the first of its kind to take on this concept at scale, and this could be an easy passive way to earn extra returns on assets you already own! Derek interviews SVE Founder & CEO Preston Yadegar to find out how it all works and how the company can convert your unused votes into additional revenue. Then Sam and Derek convene on the concept and potential of this, plus throw in a little talk about wine as well (of course!).

Discussed:

Where we are:

Johnny FD – Jomtien, Thailand / IG @johnnyfdj
Sam Marks - Bangkok, Thailand / IG @sammarks12
Derek – Los Angeles, US / IG @DerekRadio

Sponsor:

ILAB Patreon
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Time Stamp:

00:20 - Sam/Derek Intro
10:17 - Interview with Preston Begins
17:35 - Can You Buy Your Way Onto a Corporate Board?
25:38 - How the SVE Platform Works
40:08 - Sam/Derek Thoughts on SVE & Voting Rights

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Transcript

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0:00.0	Welcome to the Invest Like a Boss podcast. I'm Sam Marks. I'm Derek Sparts. And I'm Johnny FD. We're self-made entrepreneurs who invest our own money and use modern technology to invest like a boss.
0:10.1	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.
0:20.3	Welcome back, bosses.
0:21.9	This is episode 290, and today we are covering an exciting way to monetize your almost
0:28.6	guaranteed unused votes, because I know the majority of you out there are not voting when
0:35.0	you have the opportunity to vote for public socks that you own, including you, Derek. Guilty. And you know what, Sam? I broke my rule. I'm going to give a spoiler alert to this episode right off the top. I said I wasn't going to sign up for any of these platforms that were interviewing on Eye Lab for like a while because I wanted to take a break. But I think this one has so much potential that I actually signed up right before we hopped on board. Well, thanks for doing it for me, Derek. So you can let me know how it goes and save me the effort of vetting it. So this is called shareholder vote exchange. I reached out to the CEO, Preston Yadiger. I saw this somewhere. I can't remember where I saw it. And I was like, that sounds interesting. And then I was like, oh, wait, I'm on an investment podcast.
1:10.9	I can't remember where I saw it. And I was like, that sounds interesting. And then I was like, oh, wait, I'm on an investment podcast. I can probably
1:15.2	get someone on the show to talk about it. So that's actually what happened. And that's how this
1:21.3	interview happened with Preston. I think it's something really interesting that no one else out there
1:25.2	is doing. And before we kick into that,
1:27.6	though, I have something that I think is of interest to you, Sam. Okay. I like interesting things.
1:32.4	We were actually coincidentally just kind of chatting about wine for a second before we started the show.
1:38.0	And I picked up something because I was like, wait a minute. Usually Sam and Johnny are in Europe
1:42.8	and I have to record in my morning. But Sam happens to be in Asia right now. So I get to record at night here in Los Angeles. It's his morning time. That means I get to drink wine. Hey, hey, hey. Here's one problem. I'm going to show you what I got. Oh, no. I'm participating in dry January and I was like, I really want a glass of wine.
2:02.3	So I'm going to try an alcohol free wine.
2:04.9	Your thoughts, Sam.
2:06.2	What is it?
2:08.8	What is that?
2:10.2	That's grape juice.
2:11.5	It's called, I know, right?
2:12.9	Alcohol free wine is grape juice.
2:15.3	J.P.
	...

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