Making Good Financial Investments with Dmitriy Fomichenko

Listen to the Episode (20:33)

Dmitry Fomichenko is the founder and president of Sense Financial Services LLC. A boutique financial firm specializing in self-directed retirement accounts with checkbook control. He began his career in financial planning and real estate investing in 2000. He owns multiple investment properties in various states and is a licensed California Real Estate Broker. Over the years, he has taught hundreds of investment and financial planning seminars and has mentored thousands of investors.

He lives in Southern California with his wife and a 10-year-old daughter. Dmitry is an active member of Kindred Community Church.

[00:01] – [03:19] Opening Segment

Let’s get to know Dmitry Fomichenko
Dmitry talks about his background
How he got involved with financial services industry
His journey in investing

[03:20] – [17:16] Making a good Financial Investment

The difference between a Solo 401k and a Self-Directed IRA
Significant benefits of Solo 401k
UBIT concerns in Self-Directed IRA and Solo 401k
Can you roll over an IRA into Solo 401k
How tax works in retirement accounts
Red flags or mistakes people do in Solo 401k
Things people that could have done better in investing
Investment that will make sense

[17:17]– [20:10] Closing Segment

Dmitry’s advice to aspiring investors
Try to find a mentor.
How He stays on top of his game
His way to make the world a better place
How to reach out to Dmitry– links below
Final words

Tweetable Quotes:

“If you are not sure about something, ask.” – Dmitry Fomichencko

“If you don’t have a lot of money, it all depends on what you want to invest in.” – Dmitry Fomichencko

“One of the things that I am doing is actually networking. Being connected to people and just grown into other people’s knowledge. I can’t know everything. Don’t pretend to. There’s so much you can grow from other people.” – Dmitry Fomichencko

Resources Mentioned: