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CORWYN:
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So good morning and great morning guys. Welcome to another fabulous episode of Exit Strategies Radio Show Hey, I am your host Corwyn J Melette, broker and owner of Exit Realty lowcountry group in beautiful North Charleston, South Carolina. Hey guys, if this is your first time listen to this show. Look. Y’all know it. But y’all know we always say it. Because we want you to understand where you are and what our purpose and our mission is right here at Exit Strategy Radio Show. Our mission guys is to empower our community through financial literacy and real estate education guys, we are yes, y’all know it, legacy building. That’s what we do. So I want to give a quick shout out guys, to our faithful listeners that listen to us in their comings and goings. I’m always humbled and deeply honored that you guys would make a point and be intentional about tuning in to share in this wealth of information as wealth of knowledge that we are hopeful that we are resource and delivering to you. So I would be remiss if I didn’t say that if I didn’t say to those people who log on week after week to see the latest episode or listen to the latest episode of our YouTube channel, or on exitstrategiesradioshow.com, our website or those who pull it, listen to it on your favorite podcast application, guys. Again, thank you so much for what you do to support us here at this show. And we really appreciate it. And we continue to strive and work to bring you the best content, the best information, the best and the brightest in the industry, who are willing to comment share important to our audience. So again, thank you from the bottom of my heart. But those of you who are doing so. Guys, today, you know what, we have no one we have been running around. We have been climbing mountains, we’ve been turning over rocks, we’ve been opening up curtains, we’ve been airing this show out. And I’m super excited today to have with us. Someone that I know is going to drop a tremendous amount of knowledge on you today. Look here. This is when you get your bucket. Yeah, this right here is when you get your bucket to pick up these nuggets of wisdom of this wealth of knowledge, guys, it’s going to be scattered across the airwaves today. So today, I’m very humbled, very hon ored to have with me, someone with us here in studio to share how to grow well. So we have today with us, Theo Darringer. He is the CEO of Derringer Capital Investments, and he is going to blow your mind. Theo, how you doing today?
THEO:
I’m good. I’m excited to talk with you.
CORWYN:
Oh Theo, thank you so much for taking time to be on the show with us today. So if you don’t mind, give our listeners a high level overview. who you are and what it is that you do.
THEO:
Yep. So my name is Theo Darringer. I live in New York City, I go to St. John’s Prep High School. And since about middle school, I’ve been very interested in business specifically investing. So I’ve done everything from trading shrimp to having a gumball machine empire. And now most recently, stock picks. So I’ve also been very interested in investing. I’ve had a couple of good pics out I had a couple of bad ones and I’ve learned a lot. So that’s one of my main things as well.
CORWYN:
That is incredible. Man, that is awesome. So look, you have a mattify play for our listeners, guys. Again, this is groundbreaking. But this is what many of us aspire to. So guys, I want you to make sure that you continue to pay attention and listen so Theo, what was your driver? What was it that said to you one day “Hey, I want to be an entrepreneur, I want to build and create wealth, and I want to help and serve people”. What was that driver for you?
THEO:
Well, I mean, who doesn’t like money, right? I mean, a lot of people who work in finance, they say it’s for the thrill and everything. But really, when you have money, you have more power to do stuff. I like taking my family out to nice dinners, stuff like that. So I’m trying to avoid seeming very selfish and cruel, but I do like having the power to choose how I want to spend my day I want to spend my time. So that’s really the essence of it
CORWYN:
Good deal. So you started initially with what type of investingf? So you made mention of investing in shrimp in the vending machine route? I’m familiar with some people that do that, or have done that. But you say you started with shrimp and some other stuff as well. Tell me what did that look?
THEO:
Yeah, so actually, I think what in terms of timing, it’s a real estate, it’s perfect, because it really does show you your ROI. So as for the vending machine that cost me the ones 20 plus 30, for gumball. So 150 total, then you’ve got to put some effort in and find a location. And then after maybe one year, you’ve made your money back, plus some buy a new machine, I don’t know too much about investing directly into real estate, we’ll talk about REITs later. But in terms of investing directly in real estate, I’m imagining it’s very much like that, you buy a property and make your money back, you buy another one. So it is just like that, when you start off with these low level businesses like trading shrimp and gumball machines, it’s capital, capital, you make your money back, reinvest.
CORWYN:
So what I just heard is, you’re touching on some of the entry level investment stuff that you can do, because a lot of times, and I know we’ll want to touch on roots here in a bit. But one of the things that a lot of people have entire process of getting into investing that kind of and I’ll say it drives them nuts, so to speak, is always their biggest hurdle, is the capital necessary to answer Now granted, we know that you know that we’re in the industry, that the amount of capital needed isn’t necessarily as great or it shouldn’t be as daunting as many people make it to be. But what you talked about is okay, well look, what I just heard you say is try your hand that other smaller ventures to get to a system and understand and learn about the ROI and other things that are necessary to run an effective business. Does that sound about right?
THEO:
Yeah, that’s right. I mean, I don’t think anybody is starting off with investing in real estate. I think most people do have some sort of business where there is like, we talked about the ROI. And then once they have money from that they jump into maybe an industry that has a higher startup capital. Now once again, with REITs, there’s less startup capital, it’s more liquid, we’ll get into that more. But when it comes to directly investing in real estate, nobody jumps right into that they start off with a smaller business like this, maybe a midsize business and then find the real estate or a job a career and then real estate.
CORWYN:
Interesting, interesting. So and I see that because you’re exactly right, someone who was an entrepreneur to be very frankly, an entrepreneur, that means they figure out a way to basically turn nearly anything or make a business in a number of different places. Sometimes before they parlay that into something even greater or bigger. It’s like someone starting cutting grass, they walk around a neighborhood with a lawnmower and cutting grass, cutting yards and $20 a yard. Well, in depending where you are this when people say $20, and kids now making 50 – $100 a yard, they start out that way. And then pretty soon, they go from a push lawnmower to a riding lawnmower, or be able to cut more grass more efficiently. And then they upcharge it a little bit and they make more money. And then they’re making money growing. And pretty soon, they got another lawnmower, they got a friend Robin that when in the end, the friend is getting paid a percentage of the yards they cut, and this person is making money growing and growing. And pretty soon it’s a full blown grounds company, a landscaping business, whichever direction they really lean in. So that’s real, very interesting. So you also invest in the stock market. Is that correct?
THEO:
Yeah, that’s right.
CORWYN:
So tell our listeners about that. What attracted you to it? But then also, what does that look like in a day to day operations for you?
THEO:
Yeah. So what what first inspired me to do so was I think there’s the SEC website, or it might be the investors.gov. They have a compound interest calculator. And I think you put in your startup capital, and then the monthly interest or some numbers, and then you can see the exponential curve. And I realized that even if I start this now versus a year later, there’s going to be a huge difference by the time I’m 20. So I’m like okay, Dad, I got to start this now. So that’s what started it, I realized the power of the snowball effect the compound interest. So that’s what started the day to day operations. I’m not more so a day trader I do more so month to month at the least sometimes year to year. So sometimes I check my portfolio like once and that’s it. But other times I’m reading The Wall Street Journal or barons and I’m looking at what’s going on in the world. What is the Federal Reserve doing? What is this specific business doing? Oh, there’s a merger going on there. Is that a buying opportunity? That’s what the day to day operations look like? It’s not all candlesticks In stuff, it’s more so just following domestic and international news.
CORWYN:
That is impressive man. Because people miss that, quote unquote, you need to be up on current events, you don’t need to be up on gossip. But you need to be up on the current events. Some people focus on being aware of what the latest thing that a celebrity has done, or whatever drama what have you, but they miss being aware of, okay, this company is this company is this, so forth and so on. I just happened to glimpse the article not too long ago, two major credit card companies one, you know, talking about possibly buying the other, that’s going to shift that market. So when you understand that the potential impact of that then you can make more calculated and better decisions on your own investment. So that is, man, that’s super cool. So let’s get it over here on eateries. First of all, explain to our listeners who may not know what is a REIT.
THEO:
So a REIT stands for “real estate investment trusts”. And it’s essentially you’re buying a company as you would have stock, it’s typically an ETF or a mutual fund, but you go in your brokerage. And as you would buy an ETF, for example, you would buy a REIT. And a REIT is comprised if it’s an ETF to comprise of several real estate companies. So actual companies who are involved in it could be hospitals, retail, there’s different types of properties. But these are real estate companies, but they’re required by the IRS to pay 90% of their taxable income to shareholders. So as a result, these ETFs have very high dividends from five to 10%. And they’re very consistent as well, because this is the required of 90% of their taxable income goes to shareholders. So that’s what it is, it’s you’re buying a company as you would a stock. But the way in which you get paid is a little different. It’s not necessarily an uptick in the stock price, it’s typically just the dividends that you’re focusing on.
CORWYN:
Cool. So how does that someone looking to get started with that? Now, there’s a tremendous amount of reads out there from the correct about that? Incorrect?
THEO:
You’re absolutely correct about that. There’s a lot of options. Yeah.
CORWYN:
So what would be, quote unquote, a good option? And what would be a process to get involved in that meaning? And my question, Theo is how do people get started these REITs trade on the stock market? So how does someone get connected, plugged in, and then what makes a good investment in this particular corridor?
THEO:
So you have to look at the economy as a whole. So if you think that the economy is headed to the crapper, then you might invest in a REIT. But if you think that we’re heading for a bull market, then it might not be the right time. So timing is one thing, you also want to look at diversification. So here’s two things I’d make sure you look for and check for before you buy a specific REIT. One is you want to make sure that they cover all sectors of REITs. So like I was mentioning before, they could be in retail, they could be in office, all these different types of properties. You want to make sure that they’re diversified. And also, just double check. But make sure you’re not buying a private REIT because private REITs aren’t subject to the same regulations as public ones. But as long as you’re looking on your brokerage like Robin Hood or something like that, then they’ll all be public. But just make sure you avoid buying those, that’s where the fraudulent ones are. So make sure that it’s public REIT so that it’s subject to regulations, and you won’t get scammed. And then to make sure it’s diversified has diversified portfolios, because let’s say for example, you’re buying a company who only does office space or only does hospital or something of an example, only does hotels, then if something like the Coronavirus were to happen, then that specific industry is going to go down. So you want to make sure you’re diversified such to hedge against any potential risks, like I mentioned, Coronavirus happened, investors who had invested in office spaces and in hotels, they definitely would have lost a lot of money on that because they didn’t hedge against the risk. They were only invested in one industry.
CORWYN:
That makes very good sense. So let’s throw this around, build them up on the wall and Theo, if you’re going to look at REITs, where’s a good sector to be in? Let’s say today, what would you advise people to do?
THEO:
Well, as far as specific pick, I would recommend Charles Schwab’s read. And I’m not going to take any unique approach here. I think it does differ from investing in stocks and that typically you don’t want to go you don’t want to have a unique viewpoint on REITs because the whole it is like bonds, you just want to play it safe. So at Charles Schwab’s, if a certain company is not doing well, then they will remove it and they will add a new one. It’s like the S&P 500 It’s just very consistent, very reputable diversified. So it is like the bond market a lot. You just want to buy from the big company, you don’t want to risk go into the smaller ones. So that would be my specific pick, just stay diversified. Don’t do anything crazy. If you want to take risks on a REIT. Don’t, take risks on stocks instead. If you’re investing in REITs that means that you’ve already decided that you’re not going to take risks that you’re just looking for a high dividend, maybe 8 percent at most, and don’t go any higher than that or else you’re taking a risk. So I’d recommend Charles Schwab’s, they have a very good one. Any Vanguard, any of these big names? I’d go for those. They’re very consistent.
CORWYN:
Yep. Okay. And that makes perfect sense. So you are in Granite, anytime you’re looking at making an investment in something you want to, you need to trust investment. So I noticed that you’ve made mention of a lot of the, again, the larger companies, the large cap companies, is that something just mere comfort? Or are you basing it off of specific performance? or what have you because again, people know Charles Schwab and other companies such as that, so are you basing it off of just okay, there’s stability in the market, or offer something else.
THEO:
it is absolutely comfort, it’s absolutely stability. Once again, if you’re investing in a REIT, it’s because you want to play it safe. I mean, I think most of us investing in REITs, if you’re under the age of 70, and you have any level of risk tolerance, you’re investing in REITs. Pretty much only when you have a fear of a recession, if you’re not, then you shouldn’t really be putting your money in REIT. But if you’re investing in REIT, you should be doing so only when you’re in a recession, it’s a low risk thing, I wouldn’t be looking at any of the small names because they just carry more risk with them. And it’s unnecessary. Like said, if you’re looking to take risks, and I’d look to the stock market or the casino, I wouldn’t look at REITs.
CORWYN:
Okay, it makes perfect sense. Now, do you have a website where you provide information and assistance. So let’s talk about this. What’s the web address?
THEO:
It’s omegatrades.com, I give stock picks, these are long term stock picks. reason I came up with that is because I was on social media. And I see a lot of these financial gurus who are promoting their day trading stock picks. And I think day trading, I don’t think it’s sustainable. So I saw this, I think that’s actually a good idea to sell your stock picks. If you’ve done consistently, well, it’s not a bad idea to sell your stock picks. But I don’t think you should be doing it doing day trading. So I thought I’ve seen a bunch of these, but they’ve all been day trading. So I decided to make my own service. So omegatrades.com. That’s long term investments. And I won’t lie, we’ve done very well because of luck. But we’ve returned I think 60% in 2023. But 60%, we don’t expect the same, but we’ve done very well. And we give our reports and these are long term investments, our investors have done very well. And we’re growing rapidly.
CORWYN:
So I love the five minute very clean. And so for our listeners, guys, that is omegatrades.com, O-M-E-G-A Trades, T-R-A-D-E-S dot com. So, Theo, I’m seeing just real clear, concise information, what’s your results was basically overhead. And we have this pic. And this is how it performed. And that is because it’s real concise. You’re not trying to push and promote as much you’re saying, hey, look, we believe based on this information, this is gonna be a good opportunity to buy or otherwise look into this particular fine. That is awesome. That is awesome. So how long have you been doing this? How long omegatrades been up? What has been the overall feedback?
THEO:
Yeah, so it’s been more of I’ve learned a lot of business lessons from it in terms of learning about investing. I’ve learned that through my own investing. But I’ve learned a lot of business lessons from Omega Trades. I started it in August, I had the idea then it was a very sketchy website. It was darringer.com, which is my last name because I own that domain previously. very sketchy. I heard coated it in HTML. So a bunch of coding words, but I hard coded it, which means that it looked like a website from the early 2000s. And then I realized that a lot of people probably think this is a scam because it looks like one. So then I went to Wix which you can build your website there. So it looks nice on only because I didn’t do it. But because I used a third party to make the website. And yeah, I mean, so far, I’ve had no complaints from it. But I’d actually I think I’ve learned a lot from people complaining and critiquing my site. And critiquing the business in general. But a dead day to day would look like I wake up, read the news, maybe write a report, markets open, then I send an alert to my customers saying, hey, this happened in the markets, and this is how it would affect your picks. And just overall just checking in on the stocks, how they’re doing the performance reports, I send those. But I’ve learned a lot of business lessons from omega trades, and I’d have no regret starting that. it’s been great.
CORWYN:
That is awesome, man. So this is all amazing stuff, man. I mean, Theo, look, you’re doing amazing work and educating people in this space. So I mean, I’m loving the conversation, because you’re able to okay, this okay, let me explain to you this why. So you give me a little bit intricacies about how things work, quote, unquote, listen up the curtain a little bit, and hey, this is what’s going on, quote unquote, on the knee. So I really appreciate you breaking it down for our listeners today. So I’m gonna ask you a question. I want to make sure we get your contact information on here as well here in a moment. But Theo, where do you see yourself going with this? Like where do you see the outcome? Is this a direction you believe that you will continue as you move forward? What does this all look like for you?
THEO:
Well, first of all, thank you. I have a lot to learn in turn terms of public speaking and stuff, but I’m happy to hear I’m at a good starting point. As for my future, I see my main source of income, probably not paying Omega Trades in the long term. But I hope when I go to college, I’ll major in computer science, meet some people and hopefully get into the AI space. Because I think that’s the new wave, the new revolution in the 90s and early 2000s. It was the internet. And I think now it’s AI. But then more importantly, with my money, what am I going to do with I’m going to invest, and at first, I’m going to be investing in REITs. Because I’m not going to be having a lot of money, I’ll be early in my career. But then as I get more and more money, I’ll probably shift from REITs to actual real estate itself, maybe specific projects, specific buildings, and then of course, investing in certain stocks or in companies. So that’s where I see myself, hopefully getting into the AI space. And then with that money investing and directly investing in real estate.
CORWYN:
Wow, that’s impressive, man. That’s impressive. And you’re building quite a resume. I mean, I really see this thing here coming together for you. I really do so feel before we go too far, we’re quickly getting to the end of quote, unquote, today’s show. How can our listeners get in contact, we just make sure we get that out here on the tape, How can our listeners get in contact with you.
THEO:
Yeah, so I apologize. I haven’t bought a business email yet. But if you’d like to email me, it’s quite long. It’s darringer.capital.investments@gmail.com. But what might be easier than writing that down, is to go to omegatrades.com. There’s a contact page there. That’s how I’d contact me. I also have social media and stuff like that. But more watch my email on omegatrader.com, then my social media, so you can contact me there.
CORWYN:
Awesome. Awesome. I love it. I love it. I love it. So, Theo, I have a question that I asked our guests. And it’s a hindsight question. Because we’ve oftentimes you’ve done a particular thing, but you’re doing a particular thing. And there’s this sometime this man, I should have been doing this a long time ago? Or what do I need to do? So I could have been here a lot faster if I’d have done this differently than I would have reached this point a lot faster. So I’m I asked you that question, if there was something that you could go back and change. But when you first got this idea, whatever it was, we have something you could have went back and changed that would have catapulted you to the point that you are now what would that one thing have been?
THEO:
That’s a tough question. And let me tell the viewers, I was not given the questions prior. So probably listen to my dad, he worked in finance. My first investment, I’d invested in late 2019, Smile Direct Club, I sold that I think a year ago at a 98% loss. So that definitely took a hit on the compound interest. But my father had been critiquing my reasonings about why I shouldn’t invest in this stock and looking back at it now. They were not good reasons at all. And I should have been more receptive to the feedback he gave me not specifically then, but just in general. So even if your parents aren’t in the finance industry, I’m sure that they’ve had they invest themselves, and I’d ask them for advice. First, if you are my age, if you’re not my age, if you’re in your 20s 30s 40s, maybe your parents still know something you don’t because they’ve probably also been investing longer than you. So I’d go to the higher ups, if you will.
CORWYN:
So listen to those who have been before. I love that. I love that. So Theo, oh, my God, thank you so much for being on the show with us today. I really appreciate you taking the time out of your schedule, in order to do so to give some encouragement, some insight, and most importantly, inspiration of it. So again, thank you so much for being on the show with us today.
THEO:
Thank you very much for having me.
CORWYN:
So for our listeners, guys lucky y’all have gotten it. Y’all have heard it. I want you most importantly to apply it. Y’all know, y’all know, y’all know? Y’all know how I feel. Y’all know what I say? I will always put the two of those things and live it to you this way, which is guys. I love you. I love you. I love you. And we’re gonna see you guys out there in those streets.
