[Part 2: next week].Los Angeles Billionaires.

@Sam ShuehIn the self-directed retirement space, you can be your own "custodian" and invest in assets that you choose - real estate, cryptocurrency (Bitcoin, Ethereum, etc.), private loans - because you control the money.When others hold your assets, you should perform extra due diligence.

I wish there was a place where appreciation and property taxes were tax-advantaged like a retirement account, so that my "buy" price (after I've paid my taxes on the income used to buy it) is primarily what establishes any future property taxes I would have to pay, no matter how much the asset increased in value, over my long-term ownership of the asset, so that I'm not double taxed on my income and then taxed AGAIN based on the future increased value of the asset I purchased with that income.It would be completely mind blowing if such a place existed, making that place truly unique for real estate investing, on the global stage, even so much so that a bunch of Billionaires from East Asia might want to buy those assets because they've found the best place possible to park money for long-term growth, while receiving CoC ROI for the duration of their ownership, compared to anything else on the planet Earth. 

We joke that Billionaire's row has no lights on ever.... anyone spending $5k a foot probably doesn't live there.

Bitcoin is down 52% and that's strong relative performance to other cryptocurrencies.Real estate is the last asset class standing in terms of holding it's value relative to inflation, and I think that a lot of folks are rightfully worried and/or skeptical that prices will hold in the real estate market in coming months with further rate hikes from the Fed expected.The only way that an investor could have "won" in this environment (other than real estate... so far) would have been to buy commodities and accurate predict the rise in prices for things like oil, raw materials, and food. 

I'm not hardcore, but I have some Bitcoin and Ethereum.

[IMO, his only real success is to get us to believe he's a billionaire.

Are you investing in any other non traditional investments(gold, bitcoins etc etc)?

Jeff, just read an article on the most common trait of billionaires, (I skimmed) - being a math wizard, good with numbers was at the top.

And, no one on this site is in the top two per cent, can't understand why so many defend billionaires, you might have a dream, but while might bust the million mark, probably alot, my money says none of you will bust a billion, not in real estate, too much control over the industry......evidence, look to how the banks influence what you can and can't do, how HUD and Fannie places restriction on you....if there is big money on the table, no individual is going to walk away with it.....so do a little at a time and keep at it, IMO, make very good money, but if you want to make millions, go to wall street or go into banking!