GMR 164: Investing Outside of Wall Street
The Stock Market can be a good way to invest for retirement, but to have a truly diversified investment portfolio you must look at other investments outside of Wall Street. In today’s episode of Getting Money Right, we speak with Ken Greene, the engineer of finance, about ways to grow wealth outside of Wall Street. Ken shares ways you can invest
Show Notes
What you will hear in this podcast:
I’m not anti-Wall Street! I love the Stock Market. It is my bright and shiny object, but it’s a game, and it’s a lot of educated gambling.
You should not be putting your entire portfolio in the stock market, in my opinion. You should put a part of it.
One of my favorite investments, and a favorite for my clients, is a very strong real estate portfolio.
If you want to create real wealth, you want every dollar to create simultaneous benefits.
Imagine that you own 10 homes, single-family residences, and you owned them outright? Do you think that might create a better-than-normal income for your family?
I’m all for renewable energy; I love it! Weak link - battery!
I have a very contrarian mindset. Look at what Warren Buffet is doing? Whenever everyone is fearful that’s when you should be greedy.
In my opinion, why would you have everything in the Stock Market when you can have true diversification that’s not correlated?
My wealthiest clients always start by dipping their toes in the water first. They can easily cut a big check, but when they get into a new investment, they always do the bare minimum.
Resources
Ken Greene’s Website - www.greenefi.com
Ken’ Podcast - www.engineeroffinance.com
Budgeting tools and other free resources - https://leosabo.com/resources
David’s website - www.stewardshippastors.com