Diversifying your portfolio with Diamond Commodities
Diamond Standard is the producer of the first-ever regulated diamond commodity. The Diamond Standard commodity, much like a bar of gold, gives investors access to a $1.2 trillion asset for the first time.
As of 2022, Diamond Standard also offers the Diamond Standard Fund. Co-sponsored by Diamond Standard and Horizon Kinetics. The fund acquires and holds Diamond Standard Commodities in an audited investment vehicle. The fund offers investors an IRA-eligible security administered by a third party with experienced management and secure storage.
Diamond Standard Founder and CEO, Cormac Kinney, joins Brendan Walsh to discuss how it is now possible to safely, conveniently, and securely diversify a portfolio with diamonds in a Self-Directed retirement account. They discuss the technology and innovations that have allowed for diamonds to now be a regulated investment option, proper investing procedures and rules, and much much more.
- The benefits of diamond commodities in a portfolio.
- How to legally hold diamond commodities in a self-directed IRA.
- Diamond Standard's investment thesis and how they allow investors to diversify their portfolio.
Meet the hosts:
With innovations cited in nearly 4,000 U.S. Patents and 30 years of financial and fintech experience, Cormac Kinney has been the founder of four software startups acquired by public companies. He studied computer science at Carnegie Mellon, earning Bachelors's and Master of Science degrees. He is a quant finance pioneer that invented heatmaps, designed over 100 institutional trading systems, and perfected sentiment analysis for statistical arbitrage, using it to manage over $500 million for Tudor and Millennium. Now, as the Founder and CEO of Diamond Standard, he has solved the challenge of creating a standardized diamond commodity.
Nick Gonzaga is Rocket Dollar's Senior Sales Representative. Has been securities registered since 2006, with 15 years of experience in the finance and investment industry. Most recently was with Arthur J Gallagher as a retirement consultant managing 500MM+ in institutional assets. Before that, he was with Merrill Lynch, where he worked with Rocket Dollar CEO Henry Yoshida.
Brendan Walsh is the Operations Manager for Rocket Dollar. He works on background processes to make it easier for internal Rocket Dollar teams to work together and investment issuers to work with Rocket Dollar customers. Before Rocket Dollar, he was a financial advisor assisting customers with their personal investments and business owners on their 401(k) retirement plan structure.