Daniel Ameduri believes 90 percent of your liquid net worth should be in reliable performers. The remaining 10 percent is for speculation by those who want to play around in the markets.
Daniel recently turned $83,000 from his liquid net worth into $3.5M through speculative investments.
Joe talks to Daniel about a number of topics, then digs into three areas of investing:
- Dividend stocks
- Single family real estate
- Peer-to-Peer lending
While Daniel does not recommend it, he does share some insight on how to make money on penny stocks.
“Penny stocks are risky. However, what is not risky or as speculative is the people who run those companies. If you partner with the right people, you aren’t really speculating anymore.”
He also says to look at the properties other people aren’t looking to buy or can’t buy. For example: Houses with foundation problems aren’t eligible for a conventional loan. This eliminates about 99% of the competition, but he has found it may only take $5,000 to repair.
Today’s episode is sponsored by BUZZ Index
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About our sponsor, BUZZ Index
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Invest in the wisdom of crowds. Visit MoneyTreePodcast.com/BUZZ for more information.