All Forum Posts by: Jason Merchey

This is a tough row to hoe, good luck to you, @Zack Drago. May you harness the power of the Dracul and be victorious!

That is SO interesting. 

And how could this be against policy, when essentially the policy would have to read: No one is permitted to discuss the availability of an open deal or investing opportunity. I mean, ???

Ok so Brian you are saying that there is no way that a person could contact YOU and say Hey I'm interested in investing with Praxis because I heard good things, and FYI I'm not an accredited investor, do you have any available deals that could accomodate my situation?, but you would have to say No I'm sorry we don't know you already. ? That's starting to strain credulity, but I am in no way an SEC expert! 

Ok my friend, you do you.

Jason

I do not know that dollar cost averaging reduces one's basis below market value. By definition if you buy a publicly traded asset like cryptocurrency, you are buying for market value. 

It might not be tulips, which were a hard asset that was speculated on until it reached a frenzy, but bitcoin is a non-hard asset that is a very iffy "investment". I would say it is NOTHING like real estate

Never invested in crypto directly yet. It's just too new and unstable and unpredictable I think. I do invest in ETFs like BLOK and LEGR because it's a way to put some money toward companies that are "crypto-adjacent" but not actually speculating on the market for the [whatever you can call cryptocurrency]. 

I'm all for disruptive stuff, so maybe there should be a segment of BP dedicated to cryptocurrency. But isn't there already enough of a craze going on in stuff like that and with the whole Robin Hood mentality that we should have little interest in encouraging bright-eyed and busy-tailed amateurs from speculating on such stuff?

Real estate is part of the mentality that can be described as ideally a way to potentially -- with skill and luck and time -- get rich slowly.  S L O W L Y. 

Yes I do. CubeSmart, Public Storage, and other REITs - the easiest way to do so.

Sheesh, fifty gallons of hot water is no small amount. What does one shower take, 25 maybe? Do they have it turned up past the little "recommended" setting so that the water is very hot, which means there would be less needed to warm water up to like 150 degrees. If this doesn't do it, I would say the odds are a) it's defective, b) they are trying to get your goat, or c) they really need a regular flow shower head.

OK Spencer, get hold of yourself. I'll state clearly that I am just an investor who likes Praxis enough to share that one should look Praxis up and be in contact if one wants to take my recommendation of them as a positive sign. I was not asked to publicize anything. Don't we basically use BP as a way to share information about syndicators? I can't imagine how many times someone has written I like this GP, I don't like that GP; here's what I think of such and such a deal, and so on. 

As for you, sir, I like your email newsletter, but this whole thing has me decidedly against ever working with you as a GP. Even if I made an error, which I sort of doubt I did, this is petty and it speaks to your character.

Praxis Capital, with whom I'm pretty significantly invested, and whom many of you know to be a top-tier syndicator, recently opened up a "sidecar investment" vehicle with their Fund VI. I believe they raised about $50,000,000 of capital from accredited investors, but this means that a non-accredited investor could take a swing at the three or five good acquisitions they are placing in the fund. I already know of two and they seem good. 

Just thought I'd put this out there, could be a good opportunity for someone to get their feet wet!