Meetings

Presentation and tasting (not sure if they are bringing brandy or vodka or both) from Pink Bench Distilling.  Space limited, RSVP with Pat please.    Of the three main categories of local investing (real estate, lending and business), investing passively in business is the most challenging.  They have created an opportunity for retail investors to participate through crowdfunding (sidenote, we will have a speaker on crowdfunding at our May meeting; crowdfunding is a tool to raise OPM and can be used for real estate as well).  Pink Bench is taking on investors.  You can find more about the opportunity here. https://crowdfundmontana.com/campaigns/41t8oubg 

We will get an update on lending landscape and get all your questions on lending answered.  We have two lenders from First Security Bank:

• Tanner Aasheim will share his knowledge on conventional mortgages
• Tyler Rutz will share his knowledge on commercial / non-conventional lending options

We will have plenty of time for Q&A so please be thinking about lending questions ahead of time.  

If you are not aiming for a target, your arrow will fly anywhere.  What financial target are you aiming for.  Do you have a plan of where your finances will be in five years or twenty years?  What about this year, what to you need to accomplish to stay on target.  There will be a brief discussion of how to build a financial plan, and then individual and small group work to help you start to flesh your plan out; or improve your existing plan. 

Will inflation continue to run hot?  What can we expect for interest rates in the coming years?  Are we headed for a recession nationally... or globally?  Understanding the national and global economic outlook will help you with your local investing.  We will listen to a recorded presentation made recently with a panel of experts including top economist, fund managers, and luminaries.  We will watch this presentation on the big screen together and then discuss.  

Come enjoy some pre-season holiday cheer.  We will be celebrating the growth of our club and, more importantly, the growth in our member's passive income!!!  There will be awards, please check your email for how to vote for award winners.  Entre provided (probably pizza), waters provided.  If so inclined, bring your favorite dessert, side dish and/or drink. 

Might do online link for awards portion, probably 6:15-6:45, will email details.   

We will hear from Ramez Fakhoury, Vice President of IRA Club, a self directed IRA custodian.  What is a self-directed IRA, you ask?  Most IRA custodians will only let you invest in their mutual funds, some will allow most wall street products (stocks, bonds, mutual funds).  But very few IRA custodians allow main street investments (real estate, personal lending etc.).  These are known as self-directed IRA, because you, the investor, direct what you invest in.  All the tax advantages of a retirement account, without the constraints limiting local investment.  But there are some constraints and there are some tax implications.  For example, UBIT.  What the heck is UBIT?  Come and find out, and learn more about self-directed IRAs.    

Billings, Helena, Bozeman and Missoula investing clubs will join like Voltron to form the ultimate group.  We will have a round robin of presentations to provide a summary of each market and recent deal completed in each market.  Then there will be small breakout discussion groups to get to know people in other cities.   

We are back at the hotel meeting room, so joining virtually is back on (in fact one of our speakers may be joining from South America).  We will be discussing the ins and outs of executive rentals.  This is fully furnished monthly rentals.  Being a month to month avoids limitations of VRBO but can get a higher rental rate than long term lease.  Tory and Mike will be presenting on their efforts.  

Come with questions, ideas, successes and learning moments.  While the weather is nice, we will enjoy outside.  We will have open discussion at a pavilion at Story Mill Park.  There will be some picnic table seating, but feel free to bring a blanket or camp chairs.  

Tory is going to give us a tour of his tiny home.  Bring some camping chairs, we will sit outside and visit while Tory takes us in a few at a time for a tour.  We may have a cookout or bonfire after, more details to come.