“Time is money.” – Benjamin Franklin “Time is MORE valuable than money. You can get more money, but you can’t get MORE time.” – Jim Rohn Most of us don’t go to school to make time, we go to make money, right? In dental school and residency, I can’t ever recall saying, “I can’t wait […]
“Inflation is taxation without representation” – Milton Friedman “Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.” – Ronald Reagan As a long-standing Executive Member of Costco, I have always marveled at two things. One, how have they been able to sell a […]
Financial advisors have long touted the 60/40 portfolio as the silver bullet to managing retirees’ portfolios. By investing 60% of investable assets in stocks and 40% in bonds, historically, this portfolio construction has achieved diversification, volatility reduction, and solid appreciation. The ultimate goal, of course, is ensuring said portfolio will provide for an enjoyable lifestyle, […]
You hear the phrase “Cash is king” quite a bit in the finance world. I don’t agree – whether you are concerned about inflation or not, having your money in cash is not the most efficient use of your capital. I prefer “Cash flow is king”. That is why I buy real assets that produce reliable cash […]
The cash flow metrics of multifamily syndications are usually the ones that get the most attention from passive investors. In my first syndication investments, I rarely looked at any of the other numbers as long as I knew, liked, and trusted the sponsor and vetted the location of the asset. In the Left Field Investor’s […]
Do you ever ponder how you could replace your salary from your day job, or become less reliant on it, so you could focus more on the things that matter to you? One of the biggest mistakes people make is being dependent on only one source of income – their job. Similar to how insurance […]
Most of the time spent on a passive investment decision occurs before you make the investment; however, there are many important actions to take after you have decided to invest in a deal as a limited partner. It is easy to get excited about doing the next deal, but before you do the next deal, […]
Why do we invest? It’s not a trick question. To make money of course! Hopefully enough money that someday we have what we need to live a comfortable retirement. What I find interesting, though, is the lack of control most investors accept when they make an investment. Maybe due diligence was performed, fundamentals were understood, […]
Because of my role at Left Field Investors, I speak to a lot of people who are new to syndications, and one of the most common questions I get is “Why isn’t everyone doing this?” It’s an appropriate question to ask as they hear for the first time that the typical syndication might pay you […]
My investing journey started a little later than most. As a medical resident in my late twenties, I had spent the first two decades plus of my life accumulating debt. I was thrilled to be at the time of my life where I was actually earning a paycheck and had a small amount of money […]