55: How We Find, Analyze, and Secure New Investments (Startups, Small Biz, & Stocks)
Mar 11, 2024
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Robert Croak and Austin Hankwitz discuss finding and analyzing new investments like startups, small businesses, and single stocks. They share tips on where to find startups raising money, analyzing stock ideas, and the importance of due diligence in business investments. The episode also covers strategies for responsible investing, balancing personal preferences with investment choices, and simplifying wealth-building strategies through key investments and diversification.
Finding startups through platforms like AngelList for due diligence before investing.
Balancing stable dividend stocks with high-growth options for a well-rounded investment portfolio.
Maximizing contributions to pension and Roth IRA for tax advantages and retirement savings growth.
Deep dives
Investment Opportunities Overview: Startups, Cash-Flowing Businesses, Single Stocks
Investment opportunities in startups, cash-flowing businesses, and single stocks were discussed in the podcast. Startups can be found locally through groups like AngelList, promoting due diligence before making investments. Cash-flowing businesses, like the pizza shop example, present opportunities for growth and profit. Single stocks, analyzed through platforms like Public, M1 Finance, and Robinhood, offer potential returns based on company fundamentals and growth trends.
Balancing Long-Term Investing and Trends: Fundamentals vs. Hype Cycles
The importance of balancing long-term investing with trends and hype cycles was highlighted. Emphasizing the significance of fundamentals amidst hype cycles, tips included investing in what you know and diversifying between stable dividend stocks and growth-oriented stocks like AI and big tech. The key takeaway was to strike a balance between stable investments and potential high-growth options for a robust portfolio.
Balancing Pension and Roth IRA Contributions for Retirement Planning
Advice on balancing pension and Roth IRA contributions for retirement planning was provided. The recommendation was to maximize contributions to both the pension and Roth IRA to benefit from tax advantages and retirement savings growth. It was suggested to contribute to a Roth IRA for investment flexibility and diversify retirement savings to secure a stable financial future.
Understanding Cryptocurrency Staking: Benefits and Caution
The concept of cryptocurrency staking was explained focusing on platforms like Coinbase for staking. Staking involves pooling crypto with other users to earn rewards while strengthening blockchain networks. Cautionary advice included understanding lock-up periods and using reputable platforms like Coinbase to avoid potential risks and scams.
Announcement: Upcoming Webinar on Portfolio Building and Financial Independence
An upcoming webinar on March 27th at 4 p.m. Eastern Time focusing on building portfolios from scratch was announced. The webinar will cover investment strategies, including single stocks, cryptocurrency, and startups. Registration details were provided for interested participants to learn about investment opportunities and financial independence strategies.
In this episode of the Rich Habits Podcast, Robert Croak and Austin Hankwitz share how they find, analyze, and secure investments into startups, small businesses, and single stocks.
Robert kicks off the episode with suggestions as to where you can find startups raising money, he then walks us through his pizza shop's February financials, and Austin rounds off the episode with a deep dive as to how he analyzes new stock ideas.