WS1622: Investing Self-Directed IRAs to Private Companies | Bob Grant

Published: March 31, 2023, 7 a.m.

Investing in private companies versus the public stock market can be a viable option for retirement, but it's important to understand the risks involved and evaluate one's risk tolerance. In today\u2019s episode, Bob Grant shares with us why he prefers investing his self-directed IRA in private companies and why he prefers the risks in it rather than in the public stock market.\xa0

He discusses the risks involved, the importance of understanding one's risk tolerance, and the need to build a diversified portfolio. He also shares his approach to investing in private companies and gave us a little tip on how having a strong moral compass and a commitment to ethics and integrity has helped him succeed in his career and has given him a sense of fulfillment and purpose. Tune in now!


Key Points From This Episode:\xa0

  • Bob tells us how he started his career in the mailroom and how he went to small high-tech businesses.
  • How did Bob\u2019s investment story begin?
  • How did Bob discover self-directed IRAs and what was his transition like?
  • Bob advises us on how to find out what\u2019s a good or bad fit for a self-directed IRA custodian.
  • The opportunity in private companies for self-directed IRAs beyond the public stock market.
  • The importance of finding out what is your risk tolerance and what type of risk are you willing to take.
  • Bob speaks about the portfolio theory that he uses as a way of investing.
  • How does Bob allocate his investments in a portfolio and his strategy?
  • Bob shares the story of when his risk didn\u2019t go well and how he recovered from it.
  • What does Bob hope for his legacy?


Tweetables:

\u201cOne of the things I learned along the way, one of the mistakes I made was to stray from what I know. And so what I know is technology and business-to-business. And what I found is don't try and drift into technology to consumers, that's not my specialty. I know good products when I see them but I don't know how to run that.\u201d - Bob Grant

\u201cYou really aren't stuck with the direction, you are fixed for a period of year or a few years, for however long that investment you made, is to endure, which is usually three to five years.\u201d - Bob Grant

\u201cI have about half of my IRA assets right now invested in private companies, rather than in the public market, because I shifted that away. And that's just one of the things that I looked at. More people my a

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