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Hierarchy of Investors
This infographic shows The Prolific Investor’s Hierarchy of Investors (also known as the Pyramid). Conventional Investors are in the shadow of the Pyramid. As you climb the Hierarchy, the overwhelming advantages and a few disadvantages and neutral items are shown on the left. On the right side are the various ownership structures that Alternative Investors employ to provide asset protection and tax efficiency as they move up the Pyramid.
Chris has been teaching on good sound investing principles for a number of years now and his Investment philosophy aligns with mine. Dig in and learn from one of the best!"
- Dave Zook
“Chris is savvy on a broad range of financial strategies and has a great philosophy on how to build true wealth!”
– Rod Zabriskie
“The Prolific Investor is an excellent resource for investors who are tired of the same old stock market volatility. It’s a great crutch for those who want to learn the smarter and safer way to invest.”
– Joe Downs
“I’ve had the opportunity to work with Chris for the past few years. My experience is that he’s not only honest and trustworthy but also diligent and well versed in the alternative investment space. His blog, The Prolific Investor is definitely worth a read!”
– Christian Allen
“I have known Chris for over 10 years yet have only recently been acquainted to the depth of his knowledge with investments and personal finance. There is something for everyone on his website.His writing demystifies topics in simple language. It is worthwhile to explore what he has to offer in pursuit of your financial goals.”
– Dana Johnson
“As a developer of professional tax and retirement planning software for the past 25 years, I find it rare to find someone with such a diverse and deep understanding of personal finance. The material here is perfect for the new professional advisor or a consumer with above average learning skills to use to quickly build their knowledge base.”
– Robert Fourman
“I have known Chris for a long time and am very pleased his practical and well researched knowledge of investing is being shared. The Prolific Investor contains real strategies that can be implemented by anyone and is highly recommend reading.”
– Jeremy de Lore
– Dawn Taylor
“The Prolific Investor is very informative and educational.
He gives extremely good advice on all aspects of investing, real estate, taxes and financial education. Not only does he give the advice he supports his advice with where he gets his advice from podcasts, books, his research and most of all his personal experience. He is very responsive and is now offering to do virtual coffee chats. A very down-to-earth humble person.
Very thankful for his advice.”
"I've known Chris for over 10 years and speak from personal experience. The Prolific Investor offers time-tested strategies for anyone seeking a better way to invest and minimize tax impacts vs. using traditional stocks, bonds, 401K, etc. Well worth your time to explore the resources, concepts and advice provided here"
– Dean Peabody
– Dr. Thomas Parliament
"The Prolific Investor provides some great, no non-sense advice on all things financial and investing.He has a great YouTube channel and some other things in the works. After just watching a few of his videos, I already have some great concepts and resources to look into to help me be smart with my money. Already working on stuff to lower the taxes I pay after watching one of his most recent videos. I would highly recommend the Prolific Investor!"
– Thomas R. Creighton
"I have known Chris for a long time. He has shared some innovative investment concepts with me for quite a while. A couple of years ago I finally invested in one of his ideas and it was eye opening. This real asset investment has provided good returns and also has provided favorable tax treatment. This was quite different than my monthly "auto-pilot" S&P 500 investment. Now I am entering retirement and realize the importance of tax advantaged investing. I'm grateful for the advice and friendship over the years. I'm confident in Chris's ability to provide actionable advice for all."
– Mark Leonard
"I've known Chris for about 5 years now during which time I've seen the progress he writes about in his blogs. They mirror his progression accurately which I appreciate. No fluff, just the real stuff. It is that honesty that has got me to the point of finally being serious about dipping my toes into the alternative investing waters. Chris' passion with respect to alternative investing is demonstrated by the amount of work he has out into his journey. Books read, seminars attended, and hard learned lessons are his CV. He's a true believer you can do better than traditional investing methods and is a legitimate source for those wanting the same."
The Prolific Life
About Me
Chris Odegard is The Prolific Investor. Chris is an average guy who had a white-collar job in the corporate world and followed the only thing he knew for decades, conventional wisdom and conventional investments. This worked relatively well until 2009, when he experienced an illiquidity event where he lost 55% of his assets and thousands of dollars per month in cash flow. Then, Chris read Robert Kiyosaki’s Rich Dad Poor Dad, and his mind was opened to a different type of investing, investing in real assets and private deals mostly insulated from the volatility, risk, and taxation of the stock market. In just nine years, Chris recouped the 55% he had lost and multiplied it many times over and now shares his experience and knowledge with you through his book Get off Your A$$ and Manage Your Money: Why You Need Alternative Investments and his alternative investment blog at TheProlificInvestor.net.
Prolific Investing
I want you to challenge conventional wisdom when it comes to money, personal finance, and investing. What’s the conventional wisdom, you ask? The conventional wisdom is to become debt-free and invest in a balanced portfolio of stocks, bonds, mutual funds, and exchange-traded funds (ETFs) via a 401K or IRA. And what’s wrong with that, you ask? Simple, it isn’t working! According to a study conducted by GoBankingRates.com in 2020: ·34% of Americans have $0 in savings, 69% of Americans have less than $10K in saving, 46% of Americans have $0 in retirement savings, 65% of Americans have less than $10K in retirement savings, 49% of Americans are living paycheck to paycheck, and 36% of Americans believe they are ready for retirement. Not a very bright picture. If conventional wisdom were working, we wouldn’t have statistics like these. Just about everything most people think about money,personal finance, and investing is simply wrong. At The Prolific Investor, through the alternative investment blogs, I’ll blow up the conventional wisdom with real-life examples done by real people.
Alternative Investments
The Prolific Investor is all about alternative investments. So, what are alternative investments or alternatives anyway? Alternatives are everything except publicly traded securities, like stocks, bonds, mutual funds, and exchange-traded funds ETFs. What’s left, you ask?
Everything other than stocks, bonds, mutual funds, and ETFs (shown in the box above) are alternative investments.
So when your broker (someone who might be broker than you) is advising you on your diversified portfolio of stocks, bonds, mutual funds, and ETFs; hopefully, you can now see that your portfolio isn’t diversified at all; you own no real assets, commodities, or businesses. When you think about it, it’s shocking that a financial planner or adviser would charge you to build a “so-called” diversified portfolio consisting of only paper assets. You’re only invested in 25% of the investable asset base, at best.
One characteristic of some paper assets is that their value can go to zero! All you own is paper, and some of your assets might go to zero, like in a bankruptcy. Real assets are tangible, things you can touch, and they don’t typically go to zero. Have you ever heard of an apartment building or a dump truck suddenly becoming worthless? If these assets were destroyed by fire, their value might initially go to zero (except for the land under the building), but smart investors would have insured them against loss, and they would be replaced. Have you ever called your insurance agent to obtain a policy to protect your nondiversified portfolio of stocks, bonds, mutual funds, and ETFs against loss? He won’t do it. For some reason, your paper assets are not uninsurable!
Alternative investments have many advantages over conventional investments; you’ve just seen two, diversification and insurability, and there are many more. If alternatives are so great, why isn’t everyone investing in them? I answer that question and many more in my book, Get off Your A$$ and Manage Your Money: Why You Need Alternative Investments. I compare conventional and alternative investments across thirteen categories using real facts and figures from one of my alternative investments. You’ll be shocked at what you learn and wonder why you’ve limited yourself to paper assets for so long. Get off You’re A$$ and Manage Your Money is not some hoity-toity, highfalutin book only understandable by MBAs, PHDs, and BFDs; pick a suffix. It is for ordinary people who want to get ahead and build a more prosperous future for themselves and their families, have an open mind, and are willing to learn. If that sounds like you, this book is for you!
Get In Touch
Contact me with any questions or concerns!
(971) 266-1856
The information contained in this blog is NOT personalized investment advice and is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Securities, financial instruments, or strategies mentioned in these reports may not be suitable for all investors. Information and opinions regarding specific securities do not take into account individual circumstances, objectives, or needs and are not intended as recommendations of particular securities, financial instruments, or strategies. The information presented in our blog does not constitute or establish a fiduciary relationship. You should evaluate this report in light of your own circumstances. Opinions and estimates constitute the author’s judgment as of the date of these reports and are subject to change without notice. These reports may have been made available to the author’s clients before being made available through our blog. Our blog posts are protected by copyright and may not be reproduced in any way without the express written permission of the author.