“The whole world is completely changed because of that tax law.”
Jordan Goodman is considered America’s Money Answers Man because he is the man to go to for answers to personal finance questions. He has appeared on several TV and radio shows. He believes that there is a tremendous amount of financial illiteracy in the country and wants to help people learn. He has written 14 books including the popular Fast Profit in Hard Times and The Dictionary of Finance and Investment Terms.
On this episode, Jordan explains the impact of the 2018 tax reform both in corporate and individual level. He also explains its impact on the stock market and other investment ventures. He gives tips and strategies on what, where, and how to invest in this new economy. He also shares his personal favorites in terms of asset classes and trends that will help you decide on your next investment plans.
Listen to ILAB 87 on iTunes here or subscribe on your favorite podcast app.
ILAB 87 Show Notes
Where we are:
Johnny – Nepal
Sam – Denver Colorado
Fundrise – start with only $1,000 into their REIT funds (non-accredited investors OK)
PeerStreet – get a 1% yield bump on your first loan
ArtofFX – start with just a $10,000 account (reduced from $25,000)
Wealthfront – get your first $15,000 managed free
Betterment – get up to 1 year managed free
RealtyShares – try it free
Jordan’s Investing Advice:
1. Secured Real Estate Funds. These Regulation A+ funds, (often referred to as crowdsourcing funds) were authorized by the Jobs Act of 2012 and they allow the average investor access to investments that used to be available just to big institutions. My favorite example is the Secured Real Estate Income Strategies LLC fund atwww.securedrealestatefunds.com
2. Permian Basin Oil and Gas Funds. The Permian Basin in Odessa-Midland Texas is the most productive oilfield in America, and funds that own oil wells there can provide great returns. My favorite is run by Resolute Capital Partners at the website www.resolutecapitalpartners.
3. High yields and Growth from non–Manhattan real estate. While most real estate people concentrate on investing in Manhattan, there are even better opportunities in Brooklyn and Queens where there is not as much competition for good deals. Then Goodman Real Estate Fund (no relation to me by the way) buys and fixes up apartments and homes and offices in the outer boroughs of New York. It pays a preferred annual yield of 10% and then pays additional distributions when it sells properties at a profit. That has amounted to a total return of 17% over several years. People can find out more at www.goodmancapitallc.com.
08:33 – The Trump Economy
10:58 – Impact on the corporate level
12:15 – Impact in an individual level
14:06 – Rising interest rates
16:29 – Impact on stock market
18:19 – 3 things that will affect the market
19:33 – Impact of debt
22:24 – Corporate reinvesting in their companies
25:36 – What should have been included in the tax reform
28:02 – Secured Real Estate Funds
31:50 – Oil and Gas Funds
34:40 – Favorite asset classes
37:02 – Favorite trends
39:29 – Biotechnology
40:33 – Mortgage Optimization Strategy
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