4.8 • 2.1K Ratings
🗓️ 18 February 2024
⏱️ 8 minutes
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Don't waste your energy hating on others...
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0:00.0 | This is a question I've wondered. We just started raising money from IRAs and you know we've done it for a little bit and I I always noticed that you you do that a lot well you promote it a lot yeah how much would you say like |
0:15.3 | that is a percentage of the fund that you guys raise I think we're around we're probably |
0:19.8 | 20% 25% the money's already gone. |
0:23.2 | Yeah, I know. That's like, I was like, this is the easiest money to raise. |
0:26.5 | Because you're not raising money, you're just moving money. |
0:28.8 | Yeah. Right. And so, and anybody out there with an IRA 401k or Roth, and you know, your fidelity said you did 17% last year, |
0:40.0 | you didn't do 17%. I bet you a hamburger, you didn't do 17. Just look at the first of the year what it was and then |
0:46.3 | 2031 at the end of the year what it was. Don't don't read all the fun did blah. Look at your you had you started with 17,000 and you ended up with |
0:56.5 | 18,200 dollars like look exactly what that's what you should measure, not what they report. |
1:02.9 | Yeah. |
1:03.4 | Because if you weren't invested last year in seven stocks, |
1:09.0 | and you were just in the S.P. 500, |
1:11.1 | without seven tech stocks. You lost money last year. Yeah, you lost money then |
1:16.9 | at inflation you lost another three or four points. Yeah. And you're negative. So I |
1:22.4 | would take that money, take it out of your IRA, 401k, |
1:25.6 | transfer it over, slide it into a real estate deal that's gonna at least cash flow, |
1:29.9 | and I think when we print more money again and we will print more money. |
1:34.0 | And we'll print more money and rates will go down. |
1:37.5 | When that swing happens, okay? |
1:39.5 | Anything you invested in that was real, you will have an explosion on the cash flow and the |
1:46.4 | appreciation. You can't spend it because it's going back to your IRA. But it'll |
1:51.1 | be there. But it'll be there. Yeah. |
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