Round Table | 3 Reflections From Investment Failures

How do you decide where to invest your money? Do you perform due diligence? When making investment decisions, it is important to take responsibility and not just surrender the decision-making process to someone else. As much as possible, you should put your money in a vehicle you have personally vetted or risk losing millions in a bad deal.

In today’s conversation, Russ, Joey, and the Wealth Without Wall Street financial freedom coaches discuss their experiences on the following lessons from investing failures.

Trust but verify.
Liars figure, and figures lie.
It's very important to know the operator when entering into investment syndications.

And more!

Trust by Dr. Henry Cloud:
https://www.amazon.com/Trust-Knowing-When-Withhold-Broken/dp/1546003371

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06:29 - Has this ever happened to you? Have you ever had an investment failure that you look back on and say, "I can't believe I missed XYZ components of this deal"? Do you need to be reminded?
15:08 - What lessons have you learned from the book you've been reading?
22:38 - What items can I discern from a public records perspective, and what can I discern from a physical analysis?
26:10 - What was our experience with the second point, "Liars figure, and figures lie"?
30:33 - Why is it important to know the operator?
33:41 - Why is investing in a mutual fund not a good idea?
34:28 - Is it any shock that you're the last person to find out that the deal has gone south? What did we do in this particular deal?
35:08 - Who are we trusting?
35:21 - What is the operator's character like? What is their motive like? What is their track record? What is the investment's track record?
36:41 - What are your final thoughts?

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https://www.wealthwithoutwallstreet.com/podcast/round-table-3-reflections-from-investment-failures

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