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How Smart Investors Build Wealth Outside the Stock Market

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Manage episode 496166710 series 2564699
Content provided by Nichole Stohler and Mike Stohler. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Nichole Stohler and Mike Stohler or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Welcome back to another episode of The Richer Geek Podcast! Today’s guest is Dr. Amir Baluch, wealth strategist, private fund manager, and international best-selling author of Make It, Keep It. Dr. Baluch has helped professionals build lasting wealth through strategic passive investments, overseeing over $700M+ in projects through Baluch Capital.

In this episode, we chat about…

  • Dr. Amir Baluch's journey from aspiring doctor to semi-retired anesthesiologist and full-time wealth strategist, including early failures and lessons learned from losing his life savings in an electronic payments business and his father's bankruptcy.

  • Why alternative investments are essential for real diversification and risk reduction

  • The difference between real estate, private equity, and private credit and where they fit in your portfolio

  • What it means to be a Limited Partner (LP) and why it’s ideal for busy professionals

  • Real-life tax advantages: depreciation, capital gains exemptions, opportunity zones, and more

Key Takeaways:
  • Diversification is Key: Don't put all your money into one asset class like the S&P Index, diversify across multiple uncorrelated asset classes to significantly reduce risk.

  • Beyond Stocks: Explore alternative investments like real estate, private equity, and private credit for potentially higher returns, cash flow, and tax advantages not typically found in public markets.

  • Understand Risk, Return, and Liquidity: Every investment has these three profiles, and while return and liquidity are easy to grasp, understanding and underwriting risk is crucial.

  • Tax Efficiency Matters: Strategic investing can offer substantial tax benefits through depreciation, capital gains exclusions (like IRC 1202 for private equity), and other incentives.

  • Investing is a Team Sport: Don't try to go it alone. Partner with experienced mentors and consider starting as a Limited Partner (LP) to learn the ropes and leverage expertise.

  • Continuous Learning: Always be on the lookout for new asset classes and knowledge, never assume you know everything.

Resources from Amir

LinkedIn | Baluch Capital | Get Your FREE Book Here

Resources from Mike and Nichole

Gateway Private Equity Group | Nic's guide

  continue reading

187 episodes

Artwork
iconShare
 
Manage episode 496166710 series 2564699
Content provided by Nichole Stohler and Mike Stohler. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Nichole Stohler and Mike Stohler or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Welcome back to another episode of The Richer Geek Podcast! Today’s guest is Dr. Amir Baluch, wealth strategist, private fund manager, and international best-selling author of Make It, Keep It. Dr. Baluch has helped professionals build lasting wealth through strategic passive investments, overseeing over $700M+ in projects through Baluch Capital.

In this episode, we chat about…

  • Dr. Amir Baluch's journey from aspiring doctor to semi-retired anesthesiologist and full-time wealth strategist, including early failures and lessons learned from losing his life savings in an electronic payments business and his father's bankruptcy.

  • Why alternative investments are essential for real diversification and risk reduction

  • The difference between real estate, private equity, and private credit and where they fit in your portfolio

  • What it means to be a Limited Partner (LP) and why it’s ideal for busy professionals

  • Real-life tax advantages: depreciation, capital gains exemptions, opportunity zones, and more

Key Takeaways:
  • Diversification is Key: Don't put all your money into one asset class like the S&P Index, diversify across multiple uncorrelated asset classes to significantly reduce risk.

  • Beyond Stocks: Explore alternative investments like real estate, private equity, and private credit for potentially higher returns, cash flow, and tax advantages not typically found in public markets.

  • Understand Risk, Return, and Liquidity: Every investment has these three profiles, and while return and liquidity are easy to grasp, understanding and underwriting risk is crucial.

  • Tax Efficiency Matters: Strategic investing can offer substantial tax benefits through depreciation, capital gains exclusions (like IRC 1202 for private equity), and other incentives.

  • Investing is a Team Sport: Don't try to go it alone. Partner with experienced mentors and consider starting as a Limited Partner (LP) to learn the ropes and leverage expertise.

  • Continuous Learning: Always be on the lookout for new asset classes and knowledge, never assume you know everything.

Resources from Amir

LinkedIn | Baluch Capital | Get Your FREE Book Here

Resources from Mike and Nichole

Gateway Private Equity Group | Nic's guide

  continue reading

187 episodes

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