Welcome back to another episode of The Richer Geek Podcast! Today’s guest is Dr. Amir Baluch, wealth strategist, private fund manager, and international best-selling author of Make It, Keep It. Dr. Baluch has helped professionals build lasting wealth through strategic passive investments, overseeing over $700M+ in projects through Baluch Capital.

In this episode, we chat about…

• Dr. Amir Baluch's journey from aspiring doctor to semi-retired anesthesiologist and full-time wealth strategist, including early failures and lessons learned from losing his life savings in an electronic payments business and his father's bankruptcy.

• Why alternative investments are essential for real diversification and risk reduction

• The difference between real estate, private equity, and private credit and where they fit in your portfolio

• What it means to be a Limited Partner (LP) and why it’s ideal for busy professionals

• Real-life tax advantages: depreciation, capital gains exemptions, opportunity zones, and more

Key Takeaways:

• Diversification is Key: Don't put all your money into one asset class like the S&P Index, diversify across multiple uncorrelated asset classes to significantly reduce risk.

• Beyond Stocks: Explore alternative investments like real estate, private equity, and private credit for potentially higher returns, cash flow, and tax advantages not typically found in public markets.

• Understand Risk, Return, and Liquidity: Every investment has these three profiles, and while return and liquidity are easy to grasp, understanding and underwriting risk is crucial.

• Tax Efficiency Matters: Strategic investing can offer substantial tax benefits through depreciation, capital gains exclusions (like IRC 1202 for private equity), and other incentives.

• Investing is a Team Sport: Don't try to go it alone. Partner with experienced mentors and consider starting as a Limited Partner (LP) to learn the ropes and leverage expertise.

• Continuous Learning: Always be on the lookout for new asset classes and knowledge, never assume you know everything.

 

Resources from Amir

     LinkedIn | Baluch Capital | Get Your FREE Book Here

 Resources from Mike and Nichole

     Gateway Private Equity Group |  Nic's guide