The Top 5 Things I Wish Someone Had Told Me About Investing with Darin Tuttle

damottaleonardweb
Feb 8, 2022
3 min read

Welcome back to another exciting and informative episode of The Prosperity Perspective Podcast. Host Liam Leonard and guest Darin Tuttle talk today about starting out your investments the right way: what you should have clearly aligned before you begin, where to allocate depending on your life goals, and how to determine which companies are safe to invest your money. Tune in and get Darin’s scoop on the number one most important thing to know when you begin, and, surprisingly, why boring is better.

3 Key Takeaways:

What starting out actually means for you
Darin’s “Never Sell” approach
How to get your passive income investment down to one simple math equation

Show Notes:

[00:24] Darin introduces himself

Owner and Chief Investment Officer of Tuttle Investments
Getting his start as a millennial money manager
Featured in Forbes and Business Entrepreneur Magazine

[1:22] Where Darin put his money when he started getting into it

Rubbing shoulders with others who have done this already
Real estate and ownership of companies
Investing in a house first
Building ownership in companies next
- Starting a local artist non-profit
- “Running a non-profit first was a good way for me to find and create profitability.” -Darin Tuttle
Being mission-driven led him to ownership of other companies

[4:32] Did the mission-driven piece come first or was it the desire to own/operate a company?

How did he reconcile the two?
It’s a tandem of both
- The art side came from his mission in Africa
- The non-profit as a way to work through kinks without losing his job

[6:50] Darin’s advice to those looking to start

“The first thing is thinking about what makes yourself irreplaceable to the company.” -Darin Tuttle
Understand what makes you unique and what your passion is
- Then transition into investing in yourself

[8:18] How do you find what makes you irreplaceable?

Take inventory of what takes up your time the most
“What I found was the things that take me the most time were the things I put off and wasn’t the best at.” -Darin Tuttle

[9:30] Where should those who’ve identified their strengths should put their money

Siphoning his business into three different segments: sales, marketing, and operations
- Using the categories to channel his strengths/energy into each section
Bringing in multiple income streams

[12:00] The advice Darin gives to those asking where to start

“Starting means having some clearly-defined goals.” -Darin Tuttle
Helping people to look at their personal finances like they look at their business finances
- Identify the right income stream for you between bonds and stocks

[13:50] Darin’s advice for someone looking to make passive income

It’s a simple math equation: do we have enough assets right now to be able to pull bond-like income from those investments?
You’ll have to get more creative for the aggressive side
- Structured Products

[17:03] If he had to pick one, which would give the biggest bang for your buck today?

Buying other businesses

[20:08] What to look for in these companies if you’re looking to micro acquire

His “never sell” approach
Where are their revenues coming from?
“The more boring a company is in making money, the more I like them in terms of an investment.” -Darin Tuttle

[21:22] One last piece of advice from Darin

Having the ability to understand what your retained earnings are and how you’re maximizing those earnings is most important

About Darin Tuttle:

With over a decade of experience in capital markets and portfolio management, Darin left Goldman Sachs to manage multi-million dollar portfolios in his early 20’s. As a millennial money manager, Darin has been featured in several top publications including Forbes, Yahoo! Finance, The Epoch Times, Business Digest Magazine, The Institutional Investor, and Streetinsider.com for his expert insights. Darin holds the highly regarded CFA designation acting as the key person for investment research and portfolio construction. He is currently writing The Winner's Blueprint.