1445 FBF: Direct Investing vs Group Investing with Jim Cramer of Mad Money & TheStreet.com
Today\u2019s FlashBack Friday Episode was originally published on May 10, 2016.\xa0
Jason explores the benefits of being a direct investor and the problems of group investing or pooling money and going into other people\u2019s deals, businesses, partnerships, LLC\u2019s, REIT\u2019s, or TICS. Hear a chat with Jim Cramer of Mad Money and The Street.com.
Key Takeaways:
[2:00] The hardest ship to sail is a partnership. Investing is a partnership. Thou shalt maintain control. Don\u2019t invest in anyone else\u2019s deal.
[8:00] How many of you have ever worked for a publicly-traded company? Those who do have often said that what goes on inside the company has almost no relation to what\u2019s happening with that company\u2019s stock.\xa0
[11:00] Companies have three groups to please: customers, shareholders, and employees. What companies are able to please all three simultaneously?
[18:00] \u201cPools are for Fools\u201d - we should NOT be investing our money in anyone else\u2019s deal. We buy our own property, and then keep our profits for ourselves.
[22:00] Bob Citron and how he invested with Merrill Lynch that led to Orange County filing bankruptcy.\xa0
Websites:
Jason Hartman University Membership
1-800-HARTMAN
Jason Hartman PropertyCast (Libsyn)