Investing outside of real estate

[Michael L.]

What are the pros and cons of using an entity to invest in other asset classes (i.e stocks, bonds, mutual funds) vs in your personal name and what are some deciding factors for you to help with that decision? Thanks BP fam💯🧠.

[Jeff Nash]

@Michael L. that might benefit you if you are a professional trader and have trader tax status so you would be able to deduct losses that would be regarded as ordinary rather than capital. This takes some planning, and just like Real Estate Professional status in real estate it takes a certain level of commitment of time and trading activity.  I don’t know what your background is and if it would be feasible or not but that’s my 2 cents. I help clients in this area.