Co-hosts Sam & Johnny are up for the first quarterly update of 2018 as investors, entrepreneurs, and travelers who share their own experiences. During the first 3 months of this year, they have interviewed several experts in the field of investing and have tried some investment platforms that they learned during the show.
On this episode, Sam & Johnny share their investment updates including the significant investments they ventured in and the downturns of some of their investments during the 1st quarter. They also share their work progress in the past 3 months and how their returns and income look like. They show us their trail during their travels and the countries that made the most impact on them. Listen to this episode to learn some tips and strategies for investing, building businesses, and traveling.
Where we are:
Sam - Tampa, Florida
Johnny - Kathmandu, Nepal
Q1 Travel
Sam – SE USA Road Trip >> Brazil > Denver > Tahoe > Napa > Tampa
Johnny – Chiang Mia >> Nepal
Q1 Book Reading
- Principles
- Home Dues
- Upside of Inequality
- The Path to War
- CryptoAssets
Discussed:
ILAB 84 – Note Investing 101, with Dave Van Horn
ILAB 88 – Structuring Tax-Free Income, Puerto Rico Act 22 – Jorie Roberts
ILAB 90 – HSAs 101, Health Savings Accounts with Evan Prokup of HSAedge
Time Stamps:
06:20 – Johnny’s investment updates
10:45 – How to become an accredited investor?
16:36 – Sam’s investment updates
19:49 – Taxes on unrealized gains
22:23 – Sam’s significant investments
29:11 – Downturn in various investment platforms
30:35 – Returns & Income
31:34 – Diversification of accounts and investments
33:15 – Taxes on income & investments
38:10 – Sam’s work updates
42:00 – Johnny’s work updates
45:27 – Johnny’s travels
48:25 – Sam’s travels
1:19:00 – Tips and advices in investing
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Copyright 2017. All rights reserved. Read our disclaimer here.
Laura Gonzalez is an Associate Professor in Finance at California State University with over 10 years of experience in teaching finance courses. One of the studies she took interest in is behavioral finance in peer to peer (P2P) lending which they conducted an experiment on it.
During the episode, Laura reveals the major biases of lenders in terms of approving loans apart from their credit information. She explains the theory of beauty premium which significantly influence the decision of lenders. She also explains how they conducted the experiment to test this theory and what considerable indications were acquired.
Where we are:
Sam - Florida
Johnny - Nepal
References:
Discussed:
ILAB 13 - PeerStreet vs. Lending Club
ILAB 45 – Behavioral Finance and How Betterment is Optimizing Around It
Time Stamps:
05:31 – Laura’s background
07:07 – History of P2P lending
11:40 – Growth of the P2P market
13:09 – P2P platforms
16:08 – Major biases in approval of loans
19:22 – Beauty Premium
24:01 – The conduct of the experiment
25:02 – Findings and indications
30:00 – Outcome based on biases
32:39 – What to consider when lending someone
34:49 – Information available on Prosper
37:02 – Repayment success rate in various countries
39:23 – Prosper vs. Lending Club
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Copyright 2017. All rights reserved. Read our disclaimer here.
Evan Prokup is the man behind HSAedge, a leading website on Health Savings Account (HSA) information. HSA are savings accounts for medical expenses which are triple tax-advantaged and allows holders to lower their cost of medical care over time. HSA contributions can be invested in a wide variety of assets and can even be used in retirement.
During the episode, Evan explains the fundamentals of Health Saving Accounts (HSA) including its aspects and benefits. He also explains the HSA triple tax advantage, eligibility, investment opportunities, and income requirements. This episode answers all the basic questions you have on HSA which helps you decide in opening up an account.
Where we are:
Sam - Nevada
Johnny - Nepal
Links:
Website - HSA Edge
Email - evan@hsaedge.com
Discussed:
ILAB 31 – The Landlord: How I Acquired 485 Properties in 12 months
Time Stamps:
04:35 – How he took interest in HSA?
05:47 – The background of HSA
07:02 – What is HSA?
09:43 – Aspects of Triple Tax Advantage
11:53 – Record Keeping
13:50 – Allowable yearly contribution
17:13 – Who is HSA eligible?
25:39 – Investment opportunities through HSA
30:28 – Qualified Medical Expense
34:30 – Socialization of medical care
37:39 – Investment options for HSA
42:24 – Income requirement for contributing to HSA
45:14 – Downsides of HSA
48:05 – Contribution dates
49:12 – Transfer to a beneficiary
If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!
Copyright 2017. All rights reserved. Read our disclaimer here.