The Preferred Way: A Retirement Podcast Preferred Trust Company

In this episode, CEO Carrie Cook answers common questions about retirement investing and self-directed IRAs. She discusses the process of transferring funds from one custodian to another, the ability to invest in digital currency, and how investment sponsors can utilize self-directed IRAs to raise capital. Carrie also explains that clients are in control of their investments and need to do their own due diligence. She emphasizes the importance of diversification and seeking advice from financial advisors. The overarching theme is that successful retirement investing requires a team effort.
 
Key Takeaways:
- Transferring funds from one custodian to another can take anywhere from 24 hours to two weeks, depending on the processing times of the custodian.
- Preferred Trust Company allows investments in digital currency through self-directed IRAs, providing security and a flat transaction fee for purchases.
- Investment sponsors can work with Preferred Trust Company to raise capital by utilizing self-directed IRAs, tapping into untapped retirement funds.
- Clients are in control of their investments and need to do their own due diligence when choosing alternative investments.
- Diversification is key in retirement investing, and seeking advice from financial advisors is important.
- Successful retirement investing requires a team effort and the support of a custodian like Preferred Trust Company.
- Visit our website: https://preferredtrustcompany.com/
- Follow us on Social Media:
https://linktr.ee/preferredtrust
*Disclaimer: Preferred Trust performs duties of a custodian and as such, does not sell investments or provide investment, tax, or legal advice.

In this episode, Carrie Cook, CEO of Preferred Trust, discusses long-term and short-term investments in digital currency. The most popular digital currencies for self-directed IRAs are stable coins like Bitcoin and Ethereum. Cook emphasizes that investing in digital currency through an IRA should be a long-term play, not for day trading. He shares examples of clients who sold their digital currency at a loss instead of holding onto it for the long run. Cook also highlights the importance of doing research and due diligence on digital assets and the security measures taken by custodians like Preferred Trust. He explains the option of setting up an LLC owned by the IRA for clients who prefer short-term trading. The conversation concludes with a discussion on the security measures taken by Preferred Trust and the challenges of identifying digital currency transactions.

CEO Carrie Cook and Host Chris Trembly explore the differences between alternative and traditional investments, focusing on the types of alternative investments, ROI, liquidity, due diligence, and portfolio balance. They talk emphasizing the importance of diversification and education in making investment decisions.

Chris Trembly, Director of Operations at Preferred Trust, and Howard Crosby, CEO of LGX Energy, discuss the risk-reward profile associated with oil and gas investments. Howard explains that there are different ways to invest in oil and gas, such as directly investing in oil wells or buying stocks of companies involved in the industry. Howard also highlights the potential for income accumulation and substantial capital gains over time in retirement accounts!
Chapters
00:00 Introduction and Overview
04:41 The Challenges and Mitigation of Investing in Oil and Gas
09:20 Considerations for Investing with a Retirement Account
-To learn more about investing with LGX, you can visit their website or reach out to Preferred Trust.
-Visit our website: https://preferredtrustcompany.com/
-Follow us on Social Media: https://linktr.ee/preferredtrust
*Disclaimer: Preferred Trust performs duties of a custodian and as such, does not sell investments or provide investment, tax, or legal advice.

In this episode, we explore the vital role of continuous learning and investigation in cryptocurrency investments. With Bitcoin's potential for monumental growth and its finite supply, the stakes are high. Discover how utilizing a self-directed IRA can offer tax advantages and empower you with control over your investments. We'll discuss the critical importance of assessing goals and risk tolerance before diving into the digital currency market.
Chris Trembly delves into the remarkable success story of Kenneth Baker in the realm of Digital Currency Investments. As a client at Preferred Trust, Mr. Baker has not only achieved significant success but also garnered invaluable insights and lessons from his journey in the digital currency market. Kenneth generously shares his experiences, providing a firsthand account of his path to success and the valuable lessons learned along the way.
 
00:00 Introduction and Background
03:08 Starting with a Self-Directed IRA
08:46 Choosing Investments: Bitcoin, Ethereum, and Solano
11:47 Setbacks and Lessons Learned
20:39 Advice for Those Considering Digital Currency Investments
25:31 The Importance of Research and Risk Tolerance
28:24 The Roller Coaster Ride of Cryptocurrency
31:11 Closing Remarks and Contact Information
 
-Visit our website: preferredtrustcompany.com    
-Follow us on Social Media: https://linktr.ee/preferredtrust   
 
*Disclaimer: Preferred Trust performs duties of a custodian and as such, does not sell investments or provide investment, tax, or legal advice.

Martin Papp, the general partner and co-founder of Nova Haus, joins Carrie Cook to discuss how you can invest in Nova Haus with your Self-Directed IRA. He shares his background and experience in international real estate, particularly in emerging markets like Costa Rica, Colombia, Thailand, and Bali. Martin explains the process of selecting and building properties, emphasizing the importance of creating immersive experiences for guests. He also discusses the timing and risks involved in property development, as well as the investment structure and potential returns for investors. *Video version available on YouTube*

 

Key Takeaways:

Nova Haus is a short-term rental luxury real estate fund that focuses on developing properties in high-growth markets.
The company builds properties in emerging markets like Costa Rica, Colombia, Thailand, and Bali, where investors can achieve higher yields compared to the US market.
The property development process takes around 18 to 24 months.
Investors in Nova Haus's fund receive quarterly dividends and have the option to cash out their investment after three years with a targeted 100% return of capital.
The investor base for international luxury rental properties is diverse, including working professionals, crypto investors, and individuals with an appetite for alternative assets and overseas investments.
Investing in foreign assets offers benefits such as higher growth potential, tax advantages, and collateralization.
Self-directed IRAs can be utilized for investing in international luxury rental properties.

-Learn More about Nova Haus: https://www.thenovahaus.com/ 
-Visit our website: preferredtrustcompany.com 
-Follow us on Social Media: https://linktr.ee/preferredtrust⁠⁠⁠⁠⁠⁠
 
* Video Episode Available on YouTube: https://www.youtube.com/channel/UCWmXltRggXoj7IyDFlXXjug