S2E20 - Dana Cornell - Investments that produce passive income

Published: July 4, 2022, 1:28 p.m.

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Payback Time Podcast

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Payback Time is a podcast for investors. The goal of this podcast is to help make investing approachable and easy to understand. We will interview beginner and experienced investors and ask them to share stories on how they got started, what challenges they faced, what mistakes they made, and what strategy works for them today. The overall objective is to provide you with a roadmap that helps you become a better investor.

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Dana Cornell

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My next guest left his executive position at Morgan Stanley to start a private equity firm that generates passive income for his customers. In this episode, he talks about the asset classes he invests in, the average returns, and the minimum investment size. Please welcome Dana Cornell.

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key timecodes

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(00:52) - Background history

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(02:06) - His business today

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(03:35) - Why he decided to make a career switch

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(05:37) - His working style

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(08:52) - What to be aware of in this current market

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(11:12) - His Stock Investment Journey

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(13:33) - His strategy and companies that he invests in today

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(14:10) - Amount invested at the start of his journey

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(15:51) - What has changed in today\\u2019s market

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(22:30) - The minimum amount of investment to start with

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(23:41) - Tax advantages in running that type of business

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(29:10) - A deep look into his private equity model

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(30:49) - The minimum amount of investment for that model

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(31:04) - The importance of training the operators

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(32:32) - Getting the right talents to run that business

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(40:52) - The best investment advice he ever received

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(41:46) - And the worst investment advice he ever received

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(43:16)  - Get in touch with Dana

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