“Always remember, you concentrate to grow wealth and you diversify to protect it.”

Sam & Johnny

Co-hosts Sam & Johnny are up for the first quarterly update of 2018 as investors, entrepreneurs, and travelers who share their own experiences. During the first 3 months of this year, they have interviewed several experts in the field of investing and have tried some investment platforms that they learned from the show.

On this episode, Sam & Johnny share their investment updates including the significant investments they ventured in and the downturns of some of their investments during the 1st quarter. They also share their work progress in the past 3 months and how their returns and income look like. They show us their trail during their travels and the countries that made the most impact on them. Listen to this episode to learn some tips and strategies for investing, building businesses, and traveling.

Listen to ILAB 92 on iTunes here or subscribe on your favorite podcast app.

ILAB 92 Show Notes

Where we are:

Sam – Tampa, Florida

Johnny – Kathmandu, Nepal

Q1 Travel:

Sam – SE USA Road Trip >> Brazil > Denver > Tahoe > Napa > Tampa

Johnny – Chiang Mia >> Nepal

Recommended:

ArtofFX – start with just a $10,000 account (reduced from $25,000)

Fundrise – start with only $1,000 into their REIT funds (non-accredited investors OK)

Wealthfront – get your first $15,000 managed free

Betterment – get up to 1 year managed free

RealtyShares – try it free

Q1 Book Reading:
– Principles: Ray Dalio
– Home Dues: Yuval Noah Harari
– The Upside of Inequality: Edward Conard
– The Path to War: Michael S. Neiberg
– CryptoAssets: Chris Burniske

Discussed:

ILAB 84 – Note Investing 101, with Dave Van Horn

ILAB 88 – Structuring Tax-Free Income, Puerto Rico Act 22 – Jorie Roberts

ILAB 90 – HSAs 101, Health Savings Accounts with Evan Prokup of HSAedge

Time Stamps:

06:20 – Johnny’s investment updates

10:45 – How to become an accredited investor?

16:36 – Sam’s investment updates

19:49 – Taxes on unrealized gains

22:23 – Sam’s significant investments

29:11 – Downturn in various investment platforms

30:35 – Returns & Income

31:34 – Diversification of accounts and investments

33:15 – Taxes on income & investments

38:10 – Sam’s work updates

42:00 – Johnny’s work updates

45:27 – Johnny’s travels

48:25 – Sam’s travels

1:19:00 – Tips and advice on investing

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