We’re back with yet another piece for our MHP Expert blog archive. Today, I’ll be discussing the value of diversifying your investment portfolio with options like limited partnerships. To do so, I’m using my own experience to highlight things. My hope is that my story can be used to inspire others looking to become more versatile investors.
First, I want to take a look at my investments in the cannabis industry. I’m currently a partner in two awesome companies. There’s Arbor Vita8, which is a full service hemp processing facility based in Phenix City, Alabama. Then there’s Bread Genetics, out of Denver, Colorado. It’s a full scale cannabis genetics grower, staffed with some of the greatest minds in the space.
Why LPs Are A Great Option
I also have some ownership in a software company, some real estate funds, and more. The key here is to not take on more than you can handle. In truth, that’s something I’m still figuring out. But the best advice I can give is to not limit yourself to any one field.
Be honest with yourself about what all you can go on your plate. It’s okay if you’re not in the position to divide your capital among a ton of places. You can even look into LPs, or limited partnerships. These are a great option that keep you from having to spread yourself too thin. You simply cough up some money, wait for some cash flow to build up, and from there you’ll see a principal return and profit from the deal.
Working With The MHP Expert
Even investing in one industry can be a lot to manage, as we well know. That’s why it’s always good to have someone that’s competent and credentialed in your corner. That’s where The MHP Expert comes into play. Check out our services page to get a full picture of what all we can offer our clients. We look forward to hearing from you!