REI081: Secret Accounts of the Wealthy, that You Can Use Too w/ Bill Neville (Part 1)

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Investing, Education, Business

4.6 • 593 Ratings

🗓️ 2 August 2021

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

Robert Leonard does a deep dive with Bill Neville in Part 1 of this two-part series all about self-directed IRAs (SDIRAs). They talk about how a SDIRA is different from a normal IRA, who is a good candidate for a SDIRA, what the most common investments, rules, and laws are when using SDIRAs, and much, much more! IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 06:34 - What a self-directed IRA (SDIRA) is and how it is different from a normal IRA. 09:14 - What the fee difference is between a SDIRA and a 401(k). 15:20 - What types of assets you can and can’t purchase using a SDIRA. 20:55 - If you can invest in equity crowdfunding using a SDIRA or co-mingle retirement money into an existing investment account. 25:56 - What the very first steps to take when opening a SDIRA and how long it usually takes to open one and invest it in a crowdfunding site. 29:54 - If you can invest with non-retirement money and transfer it to a SDIRA as your annual contribution. 32:21 - What the most common investments are using SDIRAs. 35:26 - What the most common things to look out for when searching for a SDIRA custodian/ company and what makes a good or bad SDIRA custodian. 39:06 - What the most common rules or laws are regarding SDIRA investing. 52:50 - Who a SDIRA is good for and who it might not be right for? 55:40 - What the negative side of SDIRAs is. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Get more FREE content from Robert. Self-Directed IRAs – The Basics Guide. 5 Steps to Investing in Real Estate with a Self-directed IRA Guide. How to Invest in Real Estate with an IRA. Lord of the Roths: How Tech Mogul Peter Thiel Turned a Retirement Account for the Middle Class Into a $5 Billion Tax-Free Piggy Bank. Peter Thiel’s book Zero to One. Matt Faircloth’s book Raising Private Capital. Ramit Sethi’s book I Will Teach You To Be Rich. All of Robert’s favorite books. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. 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. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Robert: Website | Instagram Connect with Bill: Website | Facebook | LinkedIn Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:02.3	Yeah, or you get the brokers who, the way they're paid is they're compensated by,
0:06.2	they get a commission when they sell a fund, right?
0:08.6	Or there's a percentage of that that goes back to the firm that goes then on to the broker
0:13.3	that sells that fund or sells a bond or something like that.
0:16.5	And so they're incentivized to sell you something that their firm is going to then pay a commission.
0:26.1	I chat with Bill Neville in this two-part series to talk about self-directed IRAs, also known as
0:32.5	SDIRAs.
0:34.6	We talk in depth about what it is, how it's different from normal IRAs and 401Ks,
0:40.9	who SDIRAs are good for and who they're not good for, what the most common investments are
0:45.6	using SDIRAs, the rules and laws of SDIRAs, what Peter Thiel did to amass a $5 billion
0:53.0	fortune using it, and a bunch more.
0:56.3	I mentioned this at the beginning of this first episode.
0:59.1	My goal with this two-part series is to create the best resource available covering SDIRAs,
1:05.1	and for it to be a guide you can refer back to time and time again.
1:09.0	I know that I'll be going back and re-listening to this episode
1:12.7	multiple times, and I'll probably refer back to pieces of it many, many times. In the quest to
1:19.3	make this the best resource for SDIRAs, Bill and I chatted for nearly two hours. So instead of having
1:25.6	one long two-hour episode, I decided to make it a two-part
1:29.5	series. Before we get into this episode, I want to share some exciting news and an opportunity
1:35.1	we have available for you guys. We're actually looking for a new podcast hosts. Specifically,
1:40.6	I'm looking for someone who wants to become a podcast host full-time with
	...

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