Latest / Go Big with Gib Podcast / Ep 140. I've Made More Money From Boring Investments

Transcript

Ep 140. I've Made More Money From Boring Investments · Go Big with Gib Podcast

• 0:00
  SPEAKER_00: Welcome to the Go Big With Gibb podcast, where we talk to professionals, business owners, and entrepreneurs about their big wins.
• 0:10
  SPEAKER_00: Want to know something strange about investing?
• 0:12
  SPEAKER_00: The investments that get your adrenaline going are rarely the ones who build your wealth.
• 0:17
  SPEAKER_00: I've invested in a lot of different things: stocks, crypto, private equity, real estate.
• 0:22
  SPEAKER_00: I've owned short-term rentals, long-term rentals, multifamily build-to-rent, medical office buildings, and other commercial real estate.
• 0:30
  SPEAKER_00: And like most investors, I enjoy excitement.
• 0:32
  SPEAKER_00: It's fun watching something move 20% in a day.
• 0:36
  SPEAKER_00: It's fun finding an opportunity that feels like it could explode.
• 0:39
  SPEAKER_00: Nobody is refreshing their phone every five minutes because the rent payment showed up.
• 0:44
  SPEAKER_00: That's boring.
• 0:45
  SPEAKER_00: But over the years, I've noticed something.
• 0:47
  SPEAKER_00: Boring has been very good to me.
• 0:49
  SPEAKER_00: I've never woken up and seen one of my apartment buildings drop 40% overnight.
• 0:53
  SPEAKER_00: Nobody on social media has ever convinced thousands of people to dump their medical office buildings before lunch.
• 0:59
  SPEAKER_00: Real estate isn't perfect.
• 1:01
  SPEAKER_00: Deals go bad, tenants leave, interest rates change, roofs leak, markets turn.
• 1:06
  SPEAKER_00: But good real estate has something that a lot of exciting investments don't.
• 1:10
  SPEAKER_00: It produces something.
• 1:12
  SPEAKER_00: People pay rent, businesses sign leases, properties generate cash, debt gets paid down, and over long periods of time, values can appreciate.
• 1:21
  SPEAKER_00: None of that is particularly exciting on Tuesday afternoon.
• 1:25
  SPEAKER_00: But give it 10 years.
• 1:26
  SPEAKER_00: That's one of the biggest changes in my thinking as I've gotten older.
• 1:30
  SPEAKER_00: I used to think investing was primarily about finding the thing that would go up the fastest.
• 1:35
  SPEAKER_00: Now I spend a lot of time thinking about what I can own for a very long time.
• 1:40
  SPEAKER_00: There's a place for speculation.
• 1:42
  SPEAKER_00: I still do it, I enjoy it, and sometimes it produces incredible returns.
• 1:47
  SPEAKER_00: But I've learned not to confuse entertainment with wealth creation.
• 1:50
  SPEAKER_00: Your financial foundation probably shouldn't depend on the most exciting thing in your portfolio.
• 1:55
  SPEAKER_00: Let the boring assets do the heavy lifting.
• 1:58
  SPEAKER_00: Let time work, let cash flow accumulate, let compounding happen quietly in the background.
• 2:04
  SPEAKER_00: Then if you want to take a few swings with a smaller portion of your money, take them.
• 2:08
  SPEAKER_00: Because here's what 20 years of investing has taught me.
• 2:10
  SPEAKER_00: Exciting and profitable are not the same thing.
• 2:13
  SPEAKER_00: Sometimes the best investment is the one you almost forget you own.
• 2:17
  SPEAKER_00: I'm Gib Irons, and this is Go Big With Gib.
• 2:24
  SPEAKER_00: Thank you for listening to this episode of Go Big with Gibb.
• 2:27
  SPEAKER_00: If you haven't already, go follow us on social media at Gib Irons.
• 2:31
  SPEAKER_00: We'll see you next time.