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.

-Learn More about Nova Haus: https://www.thenovahaus.com/ 

-Visit our website: preferredtrustcompany.com 

Join Carrie Cook, CEO, and Chris Trembly, Chief Compliance Officer, to discuss the pros and cons of self-directed IRAs! The pros include diversification of assets, control of investments, tax-free or tax-deferred growth, potential for higher ROI, and inherent asset protection. However, there are also cons, such as the need to do thorough due diligence without a built-in advisor, potential tax implications, fees associated with self-directed IRAs, risks and complexities of IRA LLCs, and lack of liquidity.

Takeaways

Join Carrie Cook, CEO of Preferred Trust and Tait Duryea, founder of Turbine Capital, as they discuss the opportunity for investors to use self-directed IRAs to invest in syndications. Tait shares about journey from being an airline pilot to becoming a successful real estate entrepreneur. He discusses the benefits of syndication investing and how it allows high-income professionals to diversify their portfolios.

Tait explains the focus of Turbine Capital on providing value-add opportunities in various asset classes, including industrial, multifamily, land acquisition, and mobile home parks. He emphasizes the importance of location and demographic trends in their investment decisions. He concludes by discussing the growth of Turbine Capital and their commitment to financial literacy through their podcast, Passive Income Pilots.

 Key Takeaways:

Don't miss out on this opportunity to gain unique perspectives from industry leaders. Subscribe now to PTC Point of View and stay informed on the latest trends and strategies shaping the financial landscape.

Learn More about Turbine Capital: https://www.turbinecap.com/ 

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.

In this episode, we have the privilege of hosting Drew Mason from St. Joseph Partners, in a compelling conversation with Carrie Cook, CEO of Preferred Trust.

Join us as Carrie and Drew delve into the intricate world of precious metals. St. Joseph Partners, a prominent service provider to individual investors and institutions, specializes in physical gold, silver, and other precious metals, providing invaluable expertise in navigating this unique investment landscape.

In this insightful discussion, Carrie and Drew explore the nuances of investing in precious metals within a self-directed IRA. From the current state of the market to strategic approaches for incorporating precious metals into your investment portfolio, this episode offers a comprehensive guide for both seasoned investors and those venturing into the world of self-directed IRAs. Discover the key considerations and benefits of diversifying your portfolio with precious metals, and learn how St. Joseph Partners assists investors in making informed decisions within this specialized sector. 

Don't miss out on this opportunity to gain unique perspectives from industry leaders. Subscribe now to PTC Point of View and stay informed on the latest trends and strategies shaping the financial landscape.

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.