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#93 - Building Real Security Beyond the Stock Market with Patrick Grimes
Manage episode 489950212 series 3511422
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Are your 401K, IRA, and company stock really enough to secure your future? In this episode, Steven Arita talks to Patrick Grimes, a former robotics engineer turned full-time investor, who shares how he went from losing it all in real estate to building real wealth through smart, alternative investments. He talks about the shift from single-family homes to larger apartment deals, and why he now focuses on recession-resistant investments like litigation finance and energy. Patrick explains how “non-correlated” assets work, why they matter, and how tech professionals like you can start building a more stable, diverse investment portfolio. He also shares free tools, a book, and live events to help you get started.
Patrick Grimes, founder and CEO of Passive Investing Mastery, an internationally bestselling author, and a Forbes Council contributor, is a serial entrepreneur specializing in alternative investments.
His portfolio is diversified across energy, litigation finance, commercial lending and acquisitions, including retail, industrial, and thousands of apartment units. He has developed a range of diversified passive investments focused on growth and cash flow, including the Diversified Litigation Portfolio, Acquisitions Fund, and Income Fund, all designed to thrive during economic downturns.
Formerly a robotics and automation engineer, Patrick holds a BS and MS in Engineering and an MBA. Based in Honolulu, Hawaii, he is dedicated to educating investors on achieving financial independence through mastery in passive alternative investing.
Connect with Patrick:
Website: https://passiveinvestingmastery.com/
Grab a copy: https://passiveinvestingmastery.com/lessons/
Episode highlights:
(0:00) Intro
(1:21) Patrick’s tech background and intro to investing
(3:40) His early investments
(5:11) Houston real estate success and remote investing
(9:56) Transition from single-family to multifamily
(12:35) Diversification into energy, legal, and other non-correlated assets
(19:27) Intro to litigation finance investing
(25:41) How litigation finance funds work
(33:10) Risk vs. return in legal investing
(39:20) Where to learn more and access free resources
(45:08) Partnering for long-term investing success
(50:04) Book and final advice to investors
(52:59) Outro
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For more resources and guides, check these out:
- Investor 101 https://www.aritacapital.com/investor-101-resource/#
- Due Diligence Resource https://www.aritacapital.com/dd-checklist-resource/
If you want to learn more, reach out at:
Email: [email protected]
LinkedIn: https://www.linkedin.com/in/aritasteven/
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