In this #Highlights episode, we look back at our conversations with The Prolific Investor, Chris Odegard and Cashflow Ninja, M.C. Laubscher. Find great opportunities in different niches as Chris talks about conventional versus alternative investments and how you can use your 401(k) by using the in-service transfer to invest in alternative investments like real estate and notes. He also elaborates on the pros and cons of conventional and alternative investments.
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M.C. speaks on cash flow investing strategies in specific niches that people rarely discuss. Consider adding these niches because they are recession-proof and provide balance in your portfolio. Start thinking out of the box and investing in these great opportunities in different niches!
Key Points From This Episode:
- Chris shares how he got into the real estate business and became a prolific investor.
- What are conventional and alternative investments?
- How can you move from being a conventional investor to an alternative one?
- Chris elaborates on how to use your 401(k) to invest in alternative options like real estate or notes.
- What is an in-service transfer?
- What are the pros and cons of alternative investments?
- How to get conventional investors to invest in your syndications.
- Chris talks about his hierarchy of investors.
- M.C. talks about different cash flow niches.
- Know about agricultural niches, specifically timber and teak.
- Why do many wealthy and successful people invest in agricultural niches?
- It’s not a get-rich-quick scheme. It brings an investing approach – a long-view generational approach.
- Know about technological niches like cryptocurrencies and blockchain technology.
- Know about the hospitality niche.
“So, everything that’s publicly traded – stocks, bonds, and mutual funds, those are conventional investments. Everything else is alternatives.” –Chris Odegard
“If you’re only making 5% before inflation and taxes, you’re probably not even maintaining buying power in your conventional portfolio. And in the alternative world, 15 to 30% returns are just commonplace for us and some people’s minds just explode when you talk about numbers like that.” –Chris Odegard
“My line and my focus has been people — finding the greatest people in different niches, learning and studying everything that I can, and immersing myself into a space before I invest my money there.” –M.C. Laubscher
Links Mentioned in Today’s Episode:
About Chris Odegard
The Prolific Investor is Chris Odegard. Chris is an average guy who had a white-collar job in the corporate world and followed the only thing he knew for decades, conventional wisdom and conventional investments. This worked relatively well until 2009 when he experienced an illiquidity event where he lost 55% of his assets and thousands of dollars per month in cash flow. Then, Chris read Robert Kiyosaki’s Rich Dad Poor Dad, and his mind was opened to a different type of investing, investing in real assets and private deals mostly insulated from the volatility, risk, and taxation of the stock market. In just nine years, Chris recouped the 55% he had lost and multiplied it many times over and now shares his experience and knowledge with you through this alternative investment blog.
About M.C. Laubscher
M.C. Laubscher is the creator and host of the top-rated business and investing podcast on Itunes, Cashflow Ninja and also the President & Chief Wealth & Investment Strategist of Producers Wealth.
M.C. Laubscher grew up in Stellenbosch, South Africa. He obtained a Bachelor’s Degree in History and Economics and a Masters in Business Administration in Finance from the University of South Africa. In 2001 he moved to the United States. He is passionate about financial education, philosophy, economics, and history.
Being an entrepreneur and investor, M.C has experienced first-hand the challenges that producers and creators face globally daily and it has become his mission and purpose to help producers and creators create, protect and multiply wealth outside of Wall Street in ANY Economy.
M.C. is Grant Cardone Certified Coach and an Authorized Infinite Banking Practitioner and member of the Nelson Nash Institute.
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