What is the ugliness hidden in your investment portfolio? (SB1585)

Recent Investment News articles shed a light on investment advisors who recommend ugly investments (in this case, "Investment Salesman"). In this article, the investment advisor (in this case, "Investment Salesman" should be read, recommends investing in an ugly investment. Return the story to share hints on market risks that are often unnoticed until it is too late. I will talk about risks such as low liquidity, expensive commissions, and unclear return measurement methods. Knowing the shocking truth about leverage investment and alternative products will question your position in any strategy.

At Tiktok Minute, we will introduce a bank that a comedian calls the perfect partner for your needs. Is he right? In addition, let's help a listener who thought it would be better to call Seoul ... Say and OG. OG may lower the hammer to this matter and start a dissertation that you should not miss. In today's episode, let's talk about a career decision to get more money from Coast Fi.

The end of the episode shares his incredible questions, such as Doug's billions of dollars on YouTube and many other events that occurred today in history.

• Countdown to live show
• Introduction and program overview
• Investment warning: Be careful
• Investment strategy and wrong
• Alternative investment risk and reward
• Understand business development companies
• Reality of no n-listed REIT
• Final consideration of liquidity investment
• Space fund
• Doug trivia problem
• Tiktok Minit
• Better Cole Soul: Career advice to Michael
• Summary and listener review

The content of carefully selected links, topics and discussions is the newsletter "The 201" (https: // www. Stackingbenjamins.

Minutes tiktok

Founder

• In 2024, the sales of alternative investment increased (InvestmentNews)

Doug trivia

• Which company announced today that you will buy YouTube for $ 165 billion today?

Better Call Sault ... SEHY & amp; Camp? OG

Michael's question is developed mainly in his career and financial situation. He is asking for advice on whether he should consider reducing salaries to return to Japan or whether it is a bad idea. Specifically, this is:

• What is he doing (finding a better job) to overcome this situation?
• Should he consider taking a pay cut, since his home country job pays less or the same as his current one?

He also said he has a significant amount of savings and could be in a position with Coast Fire, suggesting he could potentially support himself even with a lower income.

Have a question about the show?

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Join us on Friday!

Let's dive into the age-old debate: Which is better for retirement: health or money? Jesse Kramer from the Best Interest podcast, Paula Punt from Paun Fore Fore, and OG each share their unique (and hilarious) perspectives on balancing wealth and health in your golden years!

By Kevin Bailey

EPISODE

[00:00:00] OG: 30 seconds to listen. Thoughts on flowers, Sonos, and flavor. This one's for gas.

[00:00:06] Doug: More books on this mic.

[00:00:07] OG: Does anyone have a promo for the Demo Note? Wait, where's the Fiji water? This isn't. Tap water? 15 seconds

[00:00:16] Doug: Someone bring me a cat.

[00:00:17] OG: You can't drink tap water.

[00:00:19] Doug: Can someone tell Joe's mother to mute it?

[00:00:21] OG: It's not hard to find.

[00:00:23] Doug: Hair.

[00:00:24] OG: Jerian, water, natural,

[00:00:27] Joe: It's quiet on set. They live in threes. Twos.

[00:00:36] Doug: They live in Joe's mother's basement. Benjamin Shaw stacks.

[00:00:51] I'm Doug, Joe's mother's neighbor. He's gaining popularity in the investment community, and that's not big news. On today's show, we share investments you should be wary of and how to navigate these investment waters. Plus, on "Minute Tiktok," we shine a spotlight on banks with execution.

[00:01:15] And of course, we'll answer any questions from Stort who thought, "Maybe I should call Saul." See you. And as Joe's mom says, don't worry, we'll have some fun trivia in the middle of all this crazy stuff. These are the two of them who bring joy to thousands of stackers every Monday, Wednesday, and Friday.

[00:01:38] Oh my goodness, who broke this? It's Joan Ogg. Why are you making me say this?

[00:01:46] Joe: It's like this, it's so much fun. Oh, Doug, it's so fun to hear Doug say it, hey, hey, guys, let him say it. Say force majeure twice and then say how great we are. He loves that. It's fun to hear. It's fascinating.

[00:01:59] Half the week is over and I get to spend it with them. It's great. I'm going to tell you a few things today to help you become a better investor. There are bad things to watch out for in the investment world, but there are also some people you should never watch out for.

[00:02:17] This is like the worst segue ever. OGS, how are you?

[00:02:22] OG: I'm cautious. Minus.

[00:02:23] Joe: Very very very very. Very apathetic. OG,

[00:02:27] OG: Very

[00:02:28] Joe: I can't believe it. I've been doing that all morning.

[00:02:43] OG: Oh man.

[00:02:43] OG: Oh man.

[00:02:43] OG: Oh man.

This is going to be kind of crazy.

[00:02:46] Doug: That speaks to the time you spent trying to figure that out all morning,

[00:02:49] Joe: All morning. I was just thinking about it and finally figured it out.

[00:02:53] Doug: Worth your time.

[00:02:55] OG: What kind of pants are Mystical wearing? Joe,

[00:02:58] Joe: I'll tell you what kind of pants they're wearing in a second.

Before that,

[00:03:04] OG When it comes to padding, the thing that drives me crazy the most is, hey, you need hot padding. You need hot stuff. What's the hottest liner?

[00:03:23] Or what do you think about Nvidia?

[00:03:23] Or what do you think about Microsoft? Joe Stock Jock.

[00:03:28] OG: Actually, I'm very happy to be able to announce that there is no such thing now, but it has been a long time. The biggest thing I think is the biggest thing that people make mistakes is that they have forgotten history. Forget how many cycles of labor investments and how they worked in the past and various fields in the economy.

[00:03:51] Once you buy it, you have it, but only technology stocks have invested. Please tell me how NASDAQ was riding a roller coaster for 12 or 13 years from 2000 to 2012. I think there are many people who are panicking.

[00:04:14] And people who say that it doesn't happen. I don't know. Nasdaq had fallen by nearly 80 % while riding this small roller coaster, and never returned from 2000 to 2012 and 2013. In other words, it is now 2024. That means that the income and expenditure should be positive with investment from now to 2037.

[00:04:37] It should be out by 2037. You can swear to God. It's okay with minus 80. This is the same for 13 years. I don't know. I don't know. I like it.

[00:04:55] Joe: Diversified investment is better. It doesn't repeat history, but it's true. Honorseful. Honorseful. Let's talk about people.

[00:05:00] That's great.

[00:05:01] OG: line. Copyright or something.

[00:05:03] Joe: That's right.

[00:05:04] OG: Uh. I heard it for the first time. On the spot. You guys

[00:05:05] Joe: Do you know why? I'm a psychic. Do you know what kind of pants? Psychic pants?

[00:05:09] OG: What is it?

[00:05:09] Joe: It's a paranormal pants. It's a paranormal pants. No. That's right. Do you hate this? this is?

[00:05:18] Well, I think there was a better message. Several. regular

[00:05:24] OG: To do my job

[00:05:25] Joe: pants. joke. joke. no. Soon. Of course, it was too early. I.

[00:05:30] Doug: We should be known for the Big Daddy Joke, but this garbage brought today. This is not good. just.

[00:05:36] Joe: paranormal pants. no. That's right.

[00:05:38] No, you did better. It's a great title. Let's enter everyone.

[00:05:42] Title: Hello Dalin This title with my favorite Benjamin in this program

[00:05:49] Joe: Today's headline is from Investment News. Investment News is what we call a trade publication. You read it from people in the investment community.

By the way, Doug, I don't know if you know this, but there's one of the most amazing people in the investment industry. Guess who it is? My neighbor Doug screwed me again, and this time he didn't even call me. They, them, and this guy.

[00:06:21]We just totally lost track of him until we were like, oh well.

[00:06:24] Doug: Right.

[00:06:24] Joe: The juggler himself? The OG of Investment News. And what's the deal?

[00:06:31] Doug: It's making waves. It's a phenomenal success.

[00:06:32] OG: We had some pages to fill.

[00:06:34] Doug: So it's accurate when you say the rags of the industry.

[00:06:41] Joe: Head, OG is amazing. No, that's another one. This was written by Bruce Kelly. OG, you guys are filling that gap. Let me read it, I'll spare you the words. Gap sales are down again this year, but financial advisors are selling more Gap as clients look for diversity and returns in their portfolios.

[00:07:11] Og: REITs,

[00:07:12] Joe: Well, you say real estate sales and non-listed REITs are down. Alternative investments in general. That includes non-listed REITs, non-listed business development companies, non-listed business development companies, intervals, private placements, various things.

[00:07:32] Robin says it looks like we're seeing outsiders and companies matching their full-year 2023 total sales. What investors are seeing is maybe a slowdown. I just want to know what, what, what the hell.

[00:07:54] OG: Is that the case for everybody? Like look at performance.

[00:07:57] Your savings account was making 5% two weeks ago. If you're not getting 5% in a high yield account, shame on you. It took you a year and a half to get that.

[00:08:26] Well, what do you want to get out of that?

[00:08:30] Joe: Boring? SKYLOS is that investors just go, Okay, I got an index fund. I look at it every day and I'm like, oh, index funds are boring.

[00:08:39] OG: Take a big loss.

[00:08:43] Joe: Buy a non-commercial business development company,

[00:08:47] OG: Really savory stuff.

[00:08:49] Joe: Let's do that. That'll be a lot of fun. What the hell is a space fund? I've been doing that for a long time. I have no idea what an interval fund is.

[00:08:56] OG: I think it's a fund that puts money from your pocket into someone else's pocket during the intervals that you lose money. I have no idea. I've never heard of it.

[Private equity, private placements, alternative investments. Private equity, private placements, alternative investments. It's a long game of people who think they should invest like basilianos. The Harvard Endowment puts 26% of their portfolio in timberland. Why can't I? Because they have a $100 billion endowment and they can sell S& P funds if they need liquidity.

[They make billions of dollars a year out of their portfolios. In terms of cash flow, you don't have that. You can't do it on $5 million. You can barely do it on $10 million. I understand what I'm saying. You can buy small businesses, you can watch Shark Tank. You watch a show called Shark Tank and you think, who are the billionaire investors on Shark Tank?

[I'll put $500, 000 on that idea. They're

[00:10:01] Joe: By the way, that's very flippant. Oh, $1 million.

[00:10:04] OG: Right, as a business owner. They're buying shares. They're buying shares but they're still evaluating and obviously there's a lot of stuff going on behind the scenes that you don't see.

They don't make the business decisions. It's 11 minutes on Shark Tank.

[00:10:16] Joe [00:10:16] Joe: I've actually heard the Shark Tank episode. Everybody was kind of there with him for a long long long long long time.

[00:10:23] OG: Yeah.

[00:10:23] Joe: And they go through it and then they cut and they use the best X minutes.

[00:10:29] OG: Sure. But I'm saying, it's like John Q. Public just retired and he has a million dollars in his 401k. You don't need to do that. Why would someone who's smarter than the combined wisdom of the entire market want to do that? I don't get it.

[00:10:45] People think, I need to own these weird little internal things. Why do I have to hit a home run? Why do I have to swing at every pitch? It's like going to a casino. With your retirement money. [00:11:06]If you don't hit a home run, you're out of money for retirement.

[00:11:06]That's when you need to work a little more, get a different job, change your lifestyle. But I don't get it. Nobody's buying them. They're all sold. Like annuities.

[There are whole life and permanent insurance out there. But generally speaking, people don't go out and say, "What I need is an annuity with huge fees." These business development companies need huge fees, too.

[Of course they do. That's their only incentive to sell. [00:11:00]Of course they do. [Hell yeah... I went to a retirement seminar a few years ago, where all these really smart people gathered, and one of the questions was, if you changed the fee structure for annuities to something like what the rest of the world is paying, like index funds, or investment-based asset management fees, your sales would plummet.

[00:12:11]I wonder why. I wonder why. In most cases, you don't need to have this product, and in 95% of cases, you don't need to have it, and you don't need to prove that you don't need it. The whole purpose of annuities is not to pick an annuity, the whole purpose is to guarantee lifetime income, right? The whole idea is to take a pile of your money and give it to an insurance company.

[00:12:30] They say they pay the check every month for your rest. How many percent of pensions are paid every year? How many percent of the pension actually used for the terrible reasons for the pension in the first place? It's not a lot of numbers. I don't know, but it's not a big number. Joe, have you ever met someone who canceled your pension in your life?

[00:12:49] No, never. He must know hundreds of people who bought a pension. Many tons, many tons, tons. Thousands of people met at least many people in an anecdo. I know about once a year. Come as a professional for 26 years. it is. Why this product exists, if the product doesn't do what to do.

[What do you think about that product? It is used inappropriately.

[00:13:16] Joe is it

[00:13:16] OG: That's it

[00:13:16] Joe: It's silly. This is because these business development companies, Bruce Wright, are preferred as no n-fluid alternative investments sold by financial advisors on behalf of REIT.

[00:13:31] So the commission must be higher.

[00:13:33] OG: Learn the words that indicate that they will not be in the financial plan.

[00:13:37] Joe: oh, oh wait. [00:13:37] Joe: Oh, wait a minute.

[00:13:38] OG: Alternative sale.

[00:13:40] Joe: Joe: Oh, there's something better. Bruce Kelly explains what a business development company is. Oh, let's hear. Let's listen.

[00:13:45] OG: Let's ask what it is.

[00:13:46] Joe: And I think the analogy of a shark aquarium is appropriate for these.

[00:13:50] OG: Yes, a little.

[00:13:51] Joe: I think it sells to everyone because of its sexual charm. Because there may be a new and exciting company that brings innovation and automation of new drugs and new aircraft. All you have to do is say AI. And suddenly, it's great, you are in it.

[00:14:07] Read this next sentence written by Bruce Kelly makes my head hurt. The BDC is operated like a bank, raising funds from investors and loans to small and mediu m-sized private companies. Indeed, this part is not a headache. It is the next suggestion that my head hurts. In other words, you will be one of the investors.

[Run this business development company and lend it to small to mid-sized private companies. Two suggestions: Parent my tank. Yeah. Invest primarily in private company debt and equity. The returns are going to be attractive because BDCs have increased exposure to high credit risk through leverage.

[00:14:54] Hmmm. Let me explain what's going on there. So you're lending money to small to mid-sized private companies. Which is it? So it's liquid. It's going to be hard to get the money out. There's got to be an event that allows you to get the money out. Well, the money, well, if you

[00:15:11] OG: So you lend it there, you have a contract, right?

[00:15:13] You're saying, I'm gonna lend you $100, 000. Pay me interest and principal over a period of time.

[00:15:19] Joe: The yield is attractive because it's a high-risk credit scenario. So if I lend money to a company that's unstable, I...

[I can ask for a filthy high price. Because banks don't want to give money to that company. Because banks don't want to lend money to that company. And on top of that, OG, not only are they lending money to these risky companies, they're leveraging them.

[00:15:55] OG: It's the sexiest tool.

[00:15:57] Joe: That's why we're taking this gamble and trying to somehow reverse it. I mean, if the leverage collapses, so does the leverage on the dominoes. This whole thing is a house of cards.

[00:16:07] OG: Yeah. So that's how it goes. If you have a credit card, if you have a line of credit on your home, if you have a mortgage, you fully understand how this works, right?

[Mortgages are 5% or 4% or 2%. They're secured against your home. The mortgage has gone through a detailed appraisal. They've looked at your entire net worth. Look at the bank accounts, look at the fees, look at the income. We even got the tax returns directly from the IRS.

[00:16:34] They don't bother making your copy anymore. They just like it. Is that so? So, assessing, this house is worth this. We are repelling it. Many booms were 5 % interest.

[And a few years later, I went to the bank and said, "The value of the house has risen. I want to make a credit frame of the house. Then the bank says, I'll wait a minute. If this is broken, maybe the first one will be paid.

[The second bank is not. So the interest rate is a little higher. The cost may be a little lower. There may be some restrictions on underwriting. Right? So your credit limit. It is linked to your house, but it is also linked to you.

[00:17:24] And he had a chase sapphone card, entered his social security number online, and said he had an annual income of 500, 000 yen. The chase was very kind. There is a dollar loan frame, and the interest rate is 30 %. This is the difference between underwriters and responsibilities, and when lending money to companies, mainly BD, C, and frankly.

[00:17:49] You bought this bad debt and bought this credit card for 30%. It is a very unstable company. After all, if you borrow money, I have little ability to borrow.

[As an individual, think like this. Which is better, renting at 30 % or 5 %?

[00:18:11] Joe Joe: That's right? I want to borrow at the lowest interest rate.

[00:18:13] OG: And if you go to the bank and say that you won't give 5 %, are you sane?

[00:18:18] Joe: Company.

[00:18:19] OG: If you can go elsewhere, you will definitely go. < SPAN> [00:16:34] They don't bother making your copy anymore. They just like it. Is that so? So, assessing, this house is worth this. We are repelling it. Many booms were 5 % interest.

[And a few years later, I went to the bank and said, "The value of the house has risen. I want to make a credit frame of the house. Then the bank says, I'll wait a minute. If this is broken, maybe the first one will be paid.

[The second bank is not. So the interest rate is a little higher. The cost may be a little lower. There may be some restrictions on underwriting. Right? So your credit limit. It is linked to your house, but it is also linked to you.

[00:17:24] And he had a chase sapphone card, entered his social security number online, and said he had an annual income of 500, 000 yen. The chase was very kind. There is a dollar loan frame, and the interest rate is 30 %. This is the difference between underwriters and responsibilities, and when lending money to companies, mainly BD, C, and frankly.

[00:17:49] You bought this bad debt and bought this credit card for 30%. It is a very unstable company. After all, if you borrow money, I have little ability to borrow.

[As an individual, think like this. Which is better, renting at 30 % or 5 %?

[00:18:11] Joe Joe: That's right? I want to borrow at the lowest interest rate.

[00:18:13] OG: And if you go to the bank and say that you won't give 5 %, are you sane?

[00:18:18] Joe: Company.

[00:18:19] OG: If you can go elsewhere, you will definitely go. [00:16:34] They don't bother making your copy anymore. They just like it. Is that so? So, assessing, this house is worth this. We are repelling it. Many booms were 5 % interest.

[And a few years later, I went to the bank and said, "The value of the house has risen. I want to make a credit frame of the house. Then the bank says, I'll wait a minute. If this is broken, maybe the first one will be paid.

[The second bank is not. So the interest rate is a little higher. The cost may be a little lower. There may be some restrictions on underwriting. Right? So your credit limit. It is linked to your house, but it is also linked to you.

[00:17:24] And he had a chase sapphone card, entered his social security number online, and said he had an annual income of 500, 000 yen. The chase was very kind. There is a dollar loan frame, and the interest rate is 30 %. This is the difference between underwriters and responsibilities, and when lending money to companies, mainly BD, C, and frankly.

[00:17:49] You bought this bad debt and bought this credit card for 30%. It is a very unstable company. After all, if you borrow money, I have little ability to borrow.

[As an individual, think like this. Which is better, renting at 30 % or 5 %?

[00:18:11] Joe Joe: That's right? I want to borrow at the lowest interest rate.

[00:18:13] OG: And if you go to the bank and say that you won't give 5 %, are you sane?

[00:18:18] Joe: Company.

[00:18:19] OG: If you can go elsewhere, you will definitely go.

[00:18:22] They go somewhere else immediately. Absolutely. Because do you know how hard it is to get an ROI on a 30% loan? Look at how long it takes to pay off a credit card. If you get $10, 000 in credit card debt, it takes 20 years to pay it off.

[Interest is so high that it's very hard to pay it off. Or you can just get out of the stock. You don't know what's going to happen to this company. You own 25% for liquidity. So you own 25% of this company to have liquidity.

[00:18:52] What does that mean? It's nothing until you sell it or you dissolve it or you buy it from another company and your stock gets bought out. So you add leverage to it.

[00:19:04] Joe: It's so mind-blowing and people who buy these things are just being talked into buying them.

[00:19:11] He's like Mark Cuban from Shark Tank.

[00:19:15] OG: Right. Just

[00:19:15] Joe: Imagine that.

[00:19:16] OG: I hate to use that analogy, but I hate it if someone stole it and was like, this is great. One more thing. If you want to get into a new startup. Just like PayPal was, just ... You can actually go out and buy shares directly in companies that you know already exist.

[For example, there's a company called Equityzen. For example, there's a company called Equityzen. You log in, you create an account. You have to identify yourself as an investor, you have to be some kind of investor, and you can say, "I'm wearing a hoop." You can track your heart rate, you can input your exercise, you can do all sorts of things.

[00:20:19] I want to be an investor in Whoop. And they'll call you, they'll email you, and they'll say, "You could be an investor in this company, too." That's the sort of thing. So if you want to do something like that with some of your investment, here's how you can do it. I think these companies take fees and all that stuff.

[00:20:36] But I'm just saying, if you want to invest in top companies, or potentially invest in top companies, don't lend to some obscure middleman, whether it's pre-IPO or whatever. Who makes the decisions, who makes the decisions, who hands the decisions off to the next person. And you're like the fifth estate.

[I want to get into Shopify before Shopify goes public. Right. But you go to these sites and you put your name in the hat. So you're not saying you need to do that, and yet, I

[00:21:08] Joe: He would say, for most people, it's still a scary idea.

[00:21:09] OG: Guys.

[That's awful. But for me, it's a much better way to go straight into the new, I mean, startup economy or whatever you want to call it, rather than this way.

[Joe: Garbage packet product. So,

[00:21:24] OG: There's no transparency, right? How can you not know?

[00:21:26] Joe: You.

[00:21:26] OG: You know,

[00:21:26] Joe: You just give them money and say, hey, go invest in some companies for me.

[00:21:30] OG: Right. 00:00:00. And by the way, other stocks that are done and other, you know, pre-IPO IPO companies, they have those packages, right? Right. Like, top 10 or biggest 10 or something like that. You provide some capital, but you still know what you have, right? It's on the balance sheet.

[00:21:45] It's not a nonsense factor.

; I do a lot of real estate investing, but don't get into publicly traded REITs or anything like that. Put your money into real estate. That's not a bad thing. OG is not necessarily publicly traded.

[00:22:02] Public talk. Yeah, public, but everybody listens to REITs. Oh, oh, oh. OG is getting into REITs. Public REITs and what's being talked about in this investment news are different. In this investment news, we're talking about generic private REITs. These are REITs that are not publicly traded.

[What I used to call baby REITs. They get seed money and start making REITs. So again, money is tied up. Hmmm. There are huge fees to start these. To people starting REITs. And if you get into REITs too early, you don't really own any real estate.

[00:22:42] You're sitting on a little bit of cash while the manager is trying to buy.

[00:22:46] OG: Now, the biggest attraction of private REITs is, you have to know how they're paying DI. 8% or 7% or whatever number looks really, really, really sexy.

[I want to pull out the forms, I want to pull out the scorecards, I want to see funds from operations. How much are they making from operating REITs, how much are they paying out in dividends? Most REITs, especially the early REITs, they're losing money on operations, but they manage to pay out 8% dividends.

[00:23:19] Let's think about how that happens. Bernie Madoff is a Ponzi scheme. Oh, oh, oh. Your words. Not mine, but you're getting paid 100 percent on other people's cash.

[00:23:31] Joe: Doug comes after you and sends you Doug's money so you can be happy. I thought so.

[00:23:36] OG: That's where they take Doug.

[00:23:37] That's where they take Doug. They get it. Funds from operations. FFO. Right. And most of the companies are negative. Hold on. So you take a loss on running the application, you buy and sell properties, you take a loss on that.

[Right. But they

[Joe: It's going to be intense.

[00:23:57] OG: How can I get $ 8, 000 from a dividend of $ 100 every year? It was a year or ten years ago, and there was a major change that SEC made. Real estate investment trusts and BDC must evaluate stock at least once a year.

[00:24:16] I want you to remember 25 years ago. They crushed many of them. He said that it was $ 10 per share and $ 10. The economy is 40 % depressed, but the real estate is still $ 10 per share. Real estate is not yet $ 10 per share. It's like magic. It's magic. Please believe it. magic. Yes, magic. Yes, that's our way.

[Use $ 10 per share. Great recession, economy, SP53 % decreased. What is my REIT doing?

[00:24:45] doug: Don't worry, there is a harp.

[00:24:48] OG: It's $ 10 per share. I bought it for $ 10 per year ago. Isn't the market falling? No, it's $ 10 per share. Anyway, since the SEC began to evaluate, at least the reality is transparent.

[00:25:03] Estimate what is going on on a yearly basis. But don't touch anything without liquidity. Don't touch that. There is no point in adding to the portfolio. There is no merit of distributed investment. If you want to have low liquidity, you can start a wonderful business yourself. That way, you should get better results.

[00:25:22] If you open the restaurant, the liquidity will be reduced in the same way.

[00:25:25] Joe: [00:25:25] Enter the restaurant where you can relax in the front row. At least someone else. Lost your money while having fun. You can lose your money,

[But I'll try it. But I'll try it.

[00:25:39] Children have to go to college, so make it a liquidity. If you invest diversified, you will not be bored. That's right.

[Joe: Oh, I understand. The important thing here is that there is no need to reconsider stacks and wheels. You don't have to do it flashy. The index fund is a simple and simple road to wealth, and is 100 % transparent. < Span> [00:23:57] OG: How can I get $ 100 to $ 8, 000 every year? It was a year or ten years ago, and there was a major change that SEC made. Real estate investment trusts and BDC must evaluate stock at least once a year.

[00:24:16] I want you to remember 25 years ago. They crushed many of them. He said that it was $ 10 per share and $ 10. The economy is 40 % depressed, but the real estate is still $ 10 per share. Real estate is not yet $ 10 per share. It's like magic. It's magic. Please believe it. magic. Yes, magic. Yes, that's our way.

[Use $ 10 per share. Great recession, economy, SP53 % decreased. What is my REIT doing?

[00:24:45] doug: Don't worry, there is a harp.

[00:24:48] OG: It's $ 10 per share. I bought it for $ 10 per year ago. Isn't the market falling? No, it's $ 10 per share. Anyway, since the SEC began to evaluate, at least the reality is transparent.

[00:25:03] Estimate what is going on on a yearly basis. But don't touch anything without liquidity. Don't touch that. There is no point in adding to the portfolio. There is no merit of distributed investment. If you want to have low liquidity, you can start a wonderful business yourself. That way, you should get better results.

[00:25:22] If you open the restaurant, the liquidity will be reduced in the same way.

[00:25:25] Joe: [00:25:25] Enter the restaurant where you can relax in the front row. At least someone else. Lost your money while having fun. You can lose your money,

[But I'll try it. But I'll try it.

[00:25:39] Children have to go to college, so make it a liquidity. If you invest diversified, you will not be bored. That's right.

[Joe: Oh, I understand. The important thing here is that there is no need to reconsider stacks and wheels. You don't have to do it flashy. The index fund is a simple and simple road to wealth, and is 100 % transparent. [00:23:57] OG: How can I get $ 8, 000 from a dividend of $ 100 every year? It was a year or ten years ago, and there was a major change that SEC made. Real estate investment trusts and BDC must evaluate stock at least once a year.

[00:24:16] I want you to remember 25 years ago. They crushed many of them. He said that it was $ 10 per share and $ 10. The economy is 40 % depressed, but the real estate is still $ 10 per share. Real estate is not yet $ 10 per share. It's like magic. It's magic. Please believe it. magic. Yes, magic. Yes, that's our way.

[Use $ 10 per share. Great recession, economy, SP53 % decreased. What is my REIT doing?

[00:24:45] doug: Don't worry, there is a harp.

[00:24:48] OG: It's $ 10 per share. I bought it for $ 10 per year ago. Isn't the market falling? No, it's $ 10 per share. Anyway, since the SEC began to evaluate, at least the reality is transparent.

[00:25:03] Estimate what is going on on a yearly basis. But don't touch anything without liquidity. Don't touch that. There is no point in adding to the portfolio. There is no merit of distributed investment. If you want to have low liquidity, you can start a wonderful business yourself. That way, you should get better results.

[00:25:22] If you open the restaurant, the liquidity will be reduced in the same way.

[00:25:25] Joe: [00:25:25] Enter the restaurant where you can relax in the front row. At least someone else. Lost your money while having fun. You can lose your money,

[But I'll try it. But I'll try it.

[00:25:39] Children have to go to college, so make it a liquidity. If you invest diversified, you will not be bored. That's right.

[Joe: Oh, I understand. The important thing here is that there is no need to reconsider stacks and wheels. You don't have to do it flashy. The index fund is a simple and simple road to wealth, and is 100 % transparent.

[00:26:03] You can come in and out whenever you want. I don't say I have to do so. But you can get in and out and the commission is much cheaper. We intend to dig deeper into that. Kevin Bailey may explain. Here is an incentive. Kevin Bailey will explain what a space fund is.

[00:26:25] Turn it to Kevin. Hello, Kevin. Well, he didn't understand, but Kevin

[00:26:29] DOUG: Kevin is the face of our harp. He is a magician. more.

[00:26:33] JOE: And more proven that there is no need for new ones. OG and us have been doing this all the time. [00:26:42] I don't know what the space fund is.

[00:26:42] This is a new hot transaction. I have no idea what it is. Stop Benjamin. com Slash 20 0 1. Kevin Bailey will tell you. I can't wait to read 20 1 tomorrow. If you find what the space fund is, it's amazing. It's always free twice a week.

[00:26:57] It's also a way to know when you, oh, Og and me sometimes go to the countryside. I'm just in the Cleveland, and we're going to Las Vegas, Vegas and New York for a few months. So it looks fun. Well, today's Benjamin Show is still going on. There is Tiktok Minute.

[00:27:16] It was better to call Seoul, and there was a phone call from the stacking to meet at OG. But before that, of course we were known as kind.

[00:27:26] DOUG: Doug Trivia Quest. Oh, I can't wait to do this today, Joe. Because your heart will blow away. I will breathe. If you ask what happened today, your chin will hit the table.

[I really can't believe it. [00:27:37] I can't really believe it. [00:27] I can't really believe it. That is my expectation. Yeah, stakers I'm Doug, the neighbor of Joe's mother. This day was in 1992 at Peak Skill, New York. Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee Pee

[00:27:56] That's right. A little, that's right. I don't know. Even a small meteorite crushed the 1980 Chevrolet Malib, it proved that there was a problem with American automakers. Imagine how amazing it is. If YouTube was the same video as in 1980, peak skills would be on tourist maps more than ever.

[00:28:18] And what is going on with YouTube on this date? In 1885, the Washington Memorial Tower opened to prove that the best way to show tremendous love for the country was to create a tough love tower in the air. That's an amazing success. There is a climax. But wait, still there. Oh, I went. As a climax.

[00:28:41] What if YouTube shows the Hooverdam, which started generating power on today in 1936, while sprinkling water throughout the country? no. No. Is there anyone Tabako? Unfortunately, it was later that YouTube was created. But what if you ask this question today? Which company announced today's date?

[00:29:06] Look, it's coming more and more. Today in 2006, which company would have announced that it would pay 165 billion yen to buy this infinite supply. A chain of a hard rock monument flowing through the river over the dam and a meteorite launched by a car. If you take out the camera in the second half of this episode, we will tell you the answer immediately.

[00:29:28] Oh, what a hell. [00:29:28] Oh, already. In another 20 minutes, I will be absolutely stupid.

[00:29:43] Yeah, everyone on the stackers. A man who is likely to ruin your wedding video in YouTube's content magnet [00:29] Joe's mother's neighbor, Doug, I am a decisive knowledge bomb on the SB YouTube channel, from OG I have to say that I'm watching the video into it. Seriously, I saw CNBC, MONDAY'S TIPS Josh Brown and Ramit Setti.

[00:30:05] What do you understand? It's amazing from YouTube. It seems that it has come to change my viewing app to incorporate this goodness. But what was the good thing about today's date of 2006, which said to pay $ 165 billion and acquire? It's YouTube. It is nothing but a company that was once known as Google.

[00:30:28] And now it's time for a segment to save the title you need to know about Google. Let's go back to Joe and OG.

[00:30:39] Today's date was full. Doug, today's date had a lot. Various things have risen. A big, big, big day. An important day. It's exploding

[00:30:48] Joe: You know what? Huge day. It's getting bigger and bigger.

[00:30:54] Doug: Ash, oh, I didn't get it the first 17 times, Joe. Let's use a little more euphemism. Hey, it's time for today's date.

[00:31:01] OG: The year 2024.

[00:31:03] A very famous podcast got canceled.

[00:31:05] Joe: Exactly. And when you want to get rid of a silly segment, you can go to TikTok Minute. Certainly not here. It's where TikTok creators shine a light on what's great. Well, we're shining a light on TikTok craters. Is he doing something great or is he saying great Doug, which one did we do here?

[00:31:27] We were great. Or air quotes. Great. Box

[00:31:30] Doug: Like air quotes? Brilliant. Half air quotes, quote quotes. I just, I just, I think it's going to be kind of ridiculous, but there might be something buried in there that's good.

[00:31:42] Joe: Well, I didn't say last week, but thank you so much to Stackable John for sending it to me.

[00:31:47] Last week and this week, if you remember, he sent out comedian Greg Warren last week, which was very funny. Speaking of profits, miracles make profits worse. And Greg makes a bad mistake this time. He's another comedian, um, talking about the best bank of all time, which is a bank that you might not think of as the best bank, but in my opinion, this is the bank that's based on that.

[00:32:11] Facebook might have changed. Let's hear it.

[00:32:18] BIT: We all know what the best bank is. We all say it together. Wells Fargo is the best bank ever. That's right. Everyone should bank with Wells Fargo. That's right. Here's a financial hack for you. A poor mother hacks the greatest bank of all time Wells Fargo, and that's why Wells Fargo is on the roof.

[00:32:33] He refuses to stop breaking the law every three to five months. Wells Fargo commits a big felony and I get a class action payout. Every three months I get an email from Wells Fargo. I'm shocked. It's $125, so I don't get it. And then three months later I get another email like that.

[00:33:08] We used Ross IRA as a source of funding for Ukraine invasion. You are strictly war criminals. Don't worry. Over time, exemption fee will be exempted. [00:33:36] Joe, "Wells Fargo's account has been hacked and has been purchased illegally.

[00:33:36] Joe: I am very grateful to John for sending this. Let's stop Wells Fargo's OG. I think it's wonderful. I think it's wonderful.

[00:33:43] OG: That's right. Yeah. Oh, we can do anything.

[00:33:47] doug: Who said that you couldn't make a thin air bill? Look at this. With my beard. Oh, I can do it.

[00:33:54] Joe: That's right. Can you see it at the meeting?

[00:33:56] That's it. It's funny, gym. Interesting, gym. Wait a minute, Margaret. Wait, Margaret. Yes, just make an account. Create another account. I agree. By the way, I don't know the name of this comedian, but Stacker John sent it.

[Such a person does this to help say this. [00:00] Thank you. Let's call Seoul. Again, OG. This program is a corner that helps goats in need. And today, my friend Michael is my friend, Michael.

[00:34:38] Yeah, Michael.

[00:34:42] Caller: Ah, John Og. It is Michael in Illinois. About a year and a half ago, I moved to the other side of the country in search of a new job opportunity. I have been to this UH only once for the job interview. I fas t-sent so far and realized that this area wasn't suitable for me. I really like the job and I like that field, so I started looking for a job in my hometown.

[00:35:04] However, there is one problem. The salary is lower than the incumbent. So you can't easily increase your experience in your specialty. But I thought I had some good advice. Or maybe a salary reduction may not be considered at all. < Span> [00:33:08] We used Ross IRA as a source of funding for Ukraine invasion. You are strictly war criminals. Don't worry. Over time, exemption fee will be exempted. [00:33:36] Joe, "Wells Fargo's account has been hacked and has been purchased illegally.

[00:33:36] Joe: I am very grateful to John for sending this. Let's stop Wells Fargo's OG. I think it's wonderful. I think it's wonderful.

[00:33:43] OG: That's right. Yeah. Oh, we can do anything.

[00:33:47] doug: Who said that you couldn't make a thin air bill? Look at this. With my beard. Oh, I can do it.

[00:33:54] Joe: That's right. Can you see it at the meeting?

[00:33:56] That's it. It's funny, gym. Interesting, gym. Wait a minute, Margaret. Wait, Margaret. Yes, just make an account. Create another account. I agree. By the way, I don't know the name of this comedian, but Stacker John sent it.

[Such a person does this to help say this. [00:00] Thank you. Let's call Seoul. Again, OG. This program is a corner that helps goats in need. And today, my friend Michael is my friend, Michael.

[00:34:38] Yeah, Michael.

[00:34:42] Caller: Ah, John Og. It is Michael in Illinois. About a year and a half ago, I moved to the other side of the country in search of a new job opportunity. I have been to this UH only once for the job interview. I fas t-sent so far and realized that this area wasn't suitable for me. I really like the job and I like that field, so I started looking for a job in my hometown.

[00:35:04] However, there is one problem. The salary is lower than the incumbent. So you can't easily increase your experience in your specialty. But I thought I had some good advice. Or maybe a salary reduction may not be considered at all. [00:33:08] We used Ross IRA as a source of funding for Ukraine invasion. You are strictly war criminals. Don't worry. Over time, exemption fee will be exempted. [00:33:36] Joe, "Wells Fargo's account has been hacked and has been purchased illegally.

[00:33:36] Joe: I am very grateful to John for sending this. Let's stop Wells Fargo's OG. I think it's wonderful. I think it's wonderful.

[00:33:43] OG: That's right. Yeah. Oh, we can do anything.

[00:33:47] doug: Who said that you couldn't make a thin air bill? Look at this. With my beard. Oh, I can do it.

[00:33:54] Joe: That's right. Can you see it at the meeting?

[00:33:56] That's it. It's funny, gym. Interesting, gym. Wait a minute, Margaret. Wait, Margaret. Yes, just make an account. Create another account. I agree. By the way, I don't know the name of this comedian, but Stacker John sent it.

[Such a person does this to help say this. [00:00] Thank you. Let's call Seoul. Again, OG. This program is a corner that helps goats in need. And today, my friend Michael is my friend, Michael.

[00:34:38] Yeah, Michael.

[00:34:42] Caller: Ah, John Og. It is Michael in Illinois. About a year and a half ago, I moved to the other side of the country in search of a new job opportunity. I have been to this UH only once for the job interview. I fas t-sent until this time, and somehow I realized that this area wasn't suitable for me. I really like the job and I like that field, so I started looking for a job in my hometown.

[00:35:04] However, there is one problem. The salary is lower than the incumbent. So you can't easily increase your experience in your specialty. But I thought I had some good advice. Or maybe a salary reduction may not be considered at all.

[00:35:24] In other words, I was 24 years old and managed to save a lot of nesting egg score cards. So, don't you think something? That's not the case.

[00:35:41] Joe: Wow. Thank you for calling Michael.

[00:35:45] We devote love to you.

[00:35:47] OG: 24 and flame. Please see the Coast Break. Look at it.

[00:35:51] Joe: If you save a lot in 18 in high school

[00:35:54] OG: Working for months.

[00:35:55] Joe: I talked about this, but a 2 5-yea r-old woman. She has already saved $ 100, 000 and can stop saving if she chooses her own.

[00:36:04] Our opinion was different. But I think that makes sense. It is not appropriate at the age of 24. What do you think?

[00:36:14] OG: Yes, there are two ideas. First of all, you are 24 years old, so you can do whatever you want. Right? [00:36:26] You can save so much money.

[Is it a salary reduction? While living and doing so, people are really

[00:36:30] DOUG: That would be.

[00:36:30] OG: Call?

[00:36:31] DOUG: America. Is it a Dave Ramsey program? I think it's a Dave Ramsey program. Suzy ORMAN. Suzy Oman,

[00:36:37] OG: Well, sometimes people need to understand their position.

[00:36:44] Michael is not offended. He now puts velvet on the hammer he dug after shaving.

[00:36:55] DOUG: On top of it. Yes, it's a ted pound sled, but it contains velvet. Just.

[00:36:58] og: No, I just don't want to do that, that is,, probably, he didn't say what he was doing, but he was. Suppose you have a good income and a good difference between living expenses and income.

[00:37:08] So he saves a lot of money. Let's take advantage of that flexibility from today. Make money and get the opportunity to be flexible in the future. I think people are overlooking, especially during the early days of professional careers, especially when you are drinking coast fires cool aid, which is particularly full of sugar. You don't have to do that.

[00:37:28] It's like you don't know what will happen to the future. I don't know if there is one or seven children. I don't know if I have one child or seven, I live in Iowa, I live in Illinois, or in California. Mothers and father may be sick and have to go to help for a certain period of time, or they may be sick and cannot work for a long time.

[00:37:44] Do you understand? A lot of things that cannot be predicted in life can happen. Why do you want to narrow your choices and reach the top of the successes that you predicted in the future 40 years ago? There is no need to save any more between the ages of 24 and 64. It's okay.

[00:38:01] If something doesn't happen, why do you do that? When I was 40, or when I turn 35, I hate work, I want to quit in 3 months, half a year or 5 years, and what happens in the future, what happens in the future. You now have the flexibility that you don't know and don't step on the accelerator right now.

[00:38:23] I feel like I understand. If you don't work on money for the next 50 years, you can be rich. That's right, I understand. I'll tell you, so please touch the money. There are more examples of those who said they didn't touch them. I agree. But I still get the other side of this Og, it's okay.

[00:38:39] Joe: If he is 24 years old and is already thinking about his place, the situation is a dead end. That story later. But if it's really a dead end, go out quickly. That's what I want to say. Especially if you succeed in save. [00:38:56] I like what you are saying.

[00:38:56] I think you need to know what the benefits are and how you intend to repay.

[00:38:59] OG: No, 100 %. I agree. I don't say I'm going to continue my business because I have extra cash flow, but I'm definitely saying that. If you are convinced,

[Joe: Of course. It seemed to be saying that.

[00:39:08] No. no. [00:39:08] No, step on the accelerator. No, he said.

[00:39:11] OG: Same job. Just a different lifestyle. I'm just saying, don't keep going like this. I have $80, 000 in my brokerage account because I'm doubling it at 10% every seven years. I swear to God, I'm never touching it.

[I promise you. I promise you. By the time you're 65, you'll have $4 million. 4, 000, 040 years from now, 4 million isn't the same as it is today. You know? There's a lot of other stuff. But you can do whatever you want if you have flexibility today because you already have a margin of safety.

[00:39:44] If you want to go back home and get a job that pays the same or less, go for it. Don't forget the fact that life is full of unexpected things. It's not going to be a straight line of upward movement, nothing going right, nothing changing, and there's never going to be an emergency in your life.

The best story, when I talk to clients who are like late 30s, the conversations I like to have are when they're like, okay, you know, I've saved up, I've invested, can I take a summer off and just think about it? It's like you're 49 or 39 and you have $2 million.

[00:40:22] You got the opportunity to take time off. Because if your lips are just above water and you're like, you've literally figured it out on pennies. You don't have that flexibility.

[Why put gas on it now? When you're 28 or 36 or 41, you can put gas on it. So, just know this. I don't think you should. Stick with a job you hate. It's okay if you're not. I don't. You're 58 and you don't have enough money. Don't stick with a job you hate.

[00:40:57] Life's too short to deal with this shit. But I think you're doing yourself a disservice by being 24 and puffing your chest out and being like, oh, I'm a fire on the shore, I'm fine. No, you're not. You never know what the future holds. Have a safety margin. That said, if you love your job that much, see if you can do it remotely.