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The Gold Collar Investor

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TGCI 160: Diversifying across many different alternative investment

Oct 18, 2021

In today’s show, Pancham interviews Denis Shapiro - co-founder of 3LM Investment Club, managing partner of SIH Capital Group, LLC, and author of The Alternative Investment Almanac: Expert Insights on Building Personal Wealth in Non-Traditional Ways.

When Denis first invested in a single-family rental, he had the worst experience possible but still wanted to create passive income and be able to build his portfolio. So, he had tried out various investing strategies and options - note and ATM funds, mobile home parks, life insurance policies, tech start-ups, and short-term rentals are only some of the alternative assets he has invested in!

His journey was certainly not an overnight success. Find out how Denis made it all possible with the help of networking, performing his due diligence, and acquiring every knowledge he can get to be a better investor! Learn the different opportunities in investing, insights from being in the industry for almost a decade, and more throughout this episode!

Listen and enjoy the show!

 

Quote:

“I was like “I don't wanna scale this, but I need an alternative investment so where would I go from there?” and when I started really looking into them, I found that there were so many more passive options where you are not being a landlord.”

Timestamped Shownotes:

  • 0:42 - Pancham introduces Denis to the show
  • 1:55 - On starting his career through different alternative investments
  • 9:29 - His learning process that helped with his venture’s success
  • 13:42 - The one thing that the F.I.R.E. movement overlooked on
  • 20:11 - Misconceptions to look out for when investing in syndications
  • 23:15 - Learning the language of investing to get a headstart when networking
  • 27:01 - Factors to look at when market prices are at all-time highs
  • 31:32 - Taking the Leap Round
  • 31:32 - His 1st investment outside of Wall Street (at 14 yrs old!)
  • 31:59 - Overcoming his fears when he first started investing
  • 32:41 - How his apartment and crowdfunding didn’t work as expected
  • 35:22 - Why investors should value education and learn from deals everyday
  • 37:09 - Key insights from his book and where to get a copy of them

3 Key Points:

  1. Networking with other investors is a powerful tool in order to understand investing better as you can be able to learn more such as its terms and process.
  2. Find your “why” and your purpose so that you’ll enjoy your journey even if you’ve already achieved financial independence.
  3. There would be a lot of good and bad operators when investing. As investors, one of our roles is two be able to differentiate the two.

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