Critical Thinking Required
Welcome to Critical Thinking Required, hosted by LBW Wealth Management. Our goal is simple: we want to challenge you to think differently about finance and business. Join us, and start the journey today!
Critical Thinking Required
Private Investments - The Top 1%'s Favorite (Dangerous) Game
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LBW Wealth Management
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Season 3
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Episode 24
In this episode, Tim and Nathaniel discussed private investments: what're their qualifications, why they have income/assets restrictions, and how should one view them. A couple of research filters to go through: define your goals, understand the vehicles, consider the risk, know the management/leadership, and pay the right price. Nathaniel made a great point: if you have a small business or part-time side business, the best private investment could actually be your own company. You know the industry well, you understand the product/service, and you are in control of the execution. When it comes to investments, new and shiny may not be the best option. Why not put your money into things you know best?!