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Getbig Main Boards => Gossip & Opinions => Topic started by: gib on June 04, 2014, 12:28:17 AM
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If so, how are you investing your money right now. How much in stock, cash, property etc?
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If so, how are you investing your money right now. How much in stock, cash, property etc?
I have over 10 million in cash under my mattress, hence why I post a lot on here, I cant get in bed.
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Goodrum has 20 million, but he doesn't flaunt his wealth.
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Ha ha. Prefer serious answers please ...
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Ha ha. Prefer serious answers please ...
WELL YOU'RE ON THE RIGHT FORUM FOR THAT ASSHOLE
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If so, how are you investing your money right now. How much in stock, cash, property etc?
well, I'm a bit less than 10mil lol... but I have clients worth 10mil plus, and the vast majority earn their money from real estate. both real estate development and land development/sales... they also have stocks and trades that bring in a 10-200k profit here and there throughout the year... but the majority of the net worth is in land/real estate.
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no way
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I'm not about to talk about my net worth on Getbig.
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I'm not about to talk about my net worth on Getbig.
Then why reply to the thread?
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Isn't this the same guy who turned down Carmen Electra? ::)
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Don't you need a min.10 mill to be a member of getbig?
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(http://www.bodybuilding.com/fun/drobson69_new2big.jpg)
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We all have at least 10 million minimum,and own at least one private island........it`s a getbig prerequisite dude!!
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Thai Baht? Certainly....
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We all have at least 10 million minimum,and own at least one private island........it`s a getbig prerequisite dude!!
I know and we post from a Penthouse in Downtown. I was a little surprised by the question.
:D
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WELL YOU'RE ON THE RIGHT FORUM FOR THAT ASSHOLE
Hahahaha!
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Brb, I'm scanning in my investment balances for getbig...
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Brb, I'm scanning in my investment balances for getbig...
:D
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Anyone who didn't make there first 10million by age 18 are posting on the Y board only
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I know and we post from a Penthouse in Downtown. I was a little surprised by the question.
:D
Me too........typing this from my private jet. :D
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Me too........typing this from my private jet. :D
Hahahahah! Life is good when you are a getbigger!
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I only invest in Bit coins ;D
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Me too........typing this from my private jet. :D
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Anyone who didn't make there first 10million by age 18 are posting on the Y board only
lol
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Thai Baht? Certainly....
that's like 300k US... I think the majority here aren't even worth that. lol
maybe 10mil in Vietnamese Dong. (I think around 500 US now.. not long ago that was about 1k US)
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Goodrum has 20 million, but he doesn't flaunt his wealth.
20 million pesos
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Just got a call from my broker, E. F. Nuttin
Day's already looking up! ;D
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maybe 10mil in Vietnamese Dong. (I think around 500 US now.. not long ago that was about 1k US)
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5$! That's kind of expensive
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Actually, I am. Now I just need someone else to realize it and give me the fucking money.
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Net worth of about $300,000.00
No debt...
Most of it in 401k...
Rate of return is at around 3 to 4%...
Fidelity.com (http://Fidelity.com)
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Anyone who didn't make there first 10million by age 18 are posting on the Y board only
hahaha... that's a good one ;D
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A couple trillion in Zimbaboonween Dollars.
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Not at 10 million yet but I am on my way, I tend to be very conservative when it comes to investing my money, I would never let another person do my investments for me and I wont fall for a bernie madoff scam.
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I have as much as i brought into this world
And as much as i will Take when i leave...!!!
Investment advice Pls.
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Everyone knows all getbiggers are richer than average and have jacked physiques.
(http://media.veryfunnypics.eu/2014/05/funny-pictures-50-cent-in-zimbabwe.jpg)
(http://www.vibe.com/sites/vibe.com/files/styles/main_image/public/article_images/50cent-floyd.jpeg)
(http://i4.ytimg.com/vi/3wR52s45R8Y/hqdefault.jpg)
DAT POCKET LETTUCE, NIGEL
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Not at 10 million yet but I am on my way, I tend to be very conservative when it comes to investing my money, I would never let another person do my investments for me and I wont fall for a bernie madoff scam.
Fuck off. You can't even type a coherent sentence on a message board that doesn't read like it was typed by a syphilis infected rhesus monkey with a head trauma.
If you get paid for every hog you gobble, for every schlong you practice your sphincter kegels on, or for every shitty post you type, yeah you might have some money, but that's doubtful. All your posts suck since your return that nobody wanted, except one from yesterday, and it was just ok.
Epic shared/purchased gimmick whose writing styles change depending on who is typing it. They all still suck.
Fuck off already, and stick to doing pullups on men's dongs while you bob for scrotum at the top of the rep. You like men and floss your teeth with their nut hair. Mandrinker.
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Not at 10 million yet but I am on my way, I tend to be very conservative when it comes to investing my money, I would never let another person do my investments for me and I wont fall for a bernie madoff scam.
lmao I knew someone here would take the bait!!
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that's like 300k US... I think the majority here aren't even worth that. lol
maybe 10mil in Vietnamese Dong. (I think around 500 US now.. not long ago that was about 1k US)
ESFatness showing his love for Vietnamese dong.
fairy.
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Fuck off. You can't even type a coherent sentence on a message board that doesn't read like it was typed by a syphilis infected rhesus monkey with a head trauma.
If you get paid for every hog you gobble, for every schlong you practice your sphincter kegels on, or for every shitty post you type, yeah you might have some money, but that's doubtful. All your posts suck since your return that nobody wanted, except one from yesterday, and it was just ok.
Epic shared/purchased gimmick whose writing styles change depending on who is typing it. They all still suck.
Fuck off already, and stick to doing pullups on men's dongs while you bob for scrotum at the top of the rep. You like men and floss your teeth with their nut hair. Mandrinker.
lmao
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Net worth: 100€
My portfolio fits into one word - zilch.
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I wipe my ass with 10 million dollars.
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Was invested in a penny gold mining stock that was restricted with a sell date a few months away. Stock went from .001 up to .10 a share. My investment on paper was worth $5.7 million but I couldn't sell, a few weeks later it turns out their discovery of a potential gold mine was complete bullshit, the surveyor had a helicopter accident and the stock tumbled and delisted. Lost about $25K total as I bought at different price points. Oh well.
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that's like 300k US... I think the majority here aren't even worth that. lol
maybe 10mil in Vietnamese Dong. (I think around 500 US now.. not long ago that was about 1k US)
Don't say "Vietnamese Dong" on here - some members won't realize it's a currency & they'll start fantasizing about a sea of Asian Penii.
We don't want to attract that type...
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Fuck me - her accent is a bit Americano in that innit? Never noticed that before.
As a rule of thumb - any chick in Asia that walks like that - is either a supermodel or a fella.
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Was invested in a penny gold mining stock that was restricted with a sell date a few months away. Stock went from .001 up to .10 a share. My investment on paper was worth $5.7 million but I couldn't sell, a few weeks later it turns out their discovery of a potential gold mine was complete bullshit, the surveyor had a helicopter accident and the stock tumbled and delisted. Lost about $25K total as I bought at different price points. Oh well.
lol breX
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(http://i41.tinypic.com/e8u15x.png)
(http://www.getbig.com/pics/arnold/2006/meeting/meeting51.jpg)
(http://upload.wikimedia.org/wikipedia/commons/c/cc/Phil_Heath.JPG)
(http://www.skiptotheend.com/blog/wp-content/uploads/2010/05/bodypower2010-8990.jpg)
(http://www.gifsforum.com/images/gif/not%20sure%20if%20serious/grand/heath.gif)
(http://www.getbig.com/boards/index.php?action=dlattach;topic=261923.0;attach=302901;image)
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I wipe my ass with 10 million dollars.
Do you have a massive anus or just reeeeal messy shits?
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I have two good friends with considerably more than a misely $10,000,000, buy they are never truly happy.
Each of them worry way too much about their investments and both wives are planning to depart with half their assets (divorce).
And 80% of you GetBiggers know each of them by name.
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close......
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close......
How's the new gym coming along? Did you flip it yet?
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How's the new gym coming along? Did you flip it yet?
Slooooow, the coin laundry will be up in 2 months.....the gym, issues (mostly woeful lack of knowledge and my OCD)
Hows the tech industry......I miss the North sometimes, "round hare thems a bit slow sometires"
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Slooooow, the coin laundry will be up in 2 months.....the gym, issues (mostly woeful lack of knowledge and my OCD)
Hows the tech industry......I miss the North sometimes, "round hare thems a bit slow sometires"
I am starting to hate the pace of startups. Everyday is some new fucking crisis that really isn't a crisis but more like a hair across somebody's ass.
I want to make my fuck-you money and then open a gym/gun store. Maybe put a fucking bar in there too.
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I am worth 11 million
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I am starting to hate the pace of startups. Everyday is some new fucking crisis that really isn't a crisis but more like a hair across somebody's ass.
I want to make my fuck-you money and then open a gym/gun store. Maybe put a fucking bar in there too.
add a pawn shop and you're set brother......
Me, I want a financial services company....."sorry you lost 1 mill on that stock, but my firm bought me a new F350 custom".....
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how's that gym going fella?
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Pfft. I put all my money in wealth.
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Anyone here who might be worth over 10 million won't admit it here or to anyone anywhere else unless absolutely necessary in private.
And it won't be anyone posting up pics of expensive watches and leased vehicles.
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add a pawn shop and you're set brother......
Me, I want a financial services company....."sorry you lost 1 mill on that stock, but my firm bought me a new F350 custom".....
A buddy of mine just opened a "Tilted Kilt" franchise. It's basically a Hooter's with an Irish theme. I think that he did it to get a man-cave where he can drink.
Anyway, it's probably a nightmare to manage, all those dim fucking Hooter's chicks in kilts.
BRB...
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THE GYM,
name...GetFit Athletic Club.
progress....stuck with city on the 2400 sq ft second tier platform approval and also about some drawings misunderstanding (as in they want them and I dont want to do them) so slow slow slow
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I am not at 10miilion but I am at 10 thouand, does that count? :-[
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Pfft..why have that kind of money when I can post on the Y board.
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THE GYM,
name...GetFit Athletic Club.
progress....stuck with city on the 2400 sq ft second tier platform approval and also about some drawings misunderstanding (as in they want them and I dont want to do them) so slow slow slow
Who do you have to deal with on the city side? My best friend from childhood is one of the ATL city planners. Dunno if he could help...
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we did just build another coin laundry in Marietta, GA :)
but its already sold :D
good things ;D
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Who do you have to deal with on the city side? My best friend from childhood is one of the ATL city planners. Dunno if he could help...
the stripcenter is in Warner Robbins south of Macon.....but I will remember you have friends in the B dept. ty.
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the stripcenter is in Warner Robbins south of Macon.....but I will remember you have friends in the B dept. ty.
You might have to hurry up, the fucking guy is starting to talk RETIREMENT. He isn't even fucking 50 yet. Public sector ::)
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A gym, a coin laundry, and a pawn shop.
What are places frequented by people with no gaddamn money, Alex?
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You might have to hurry up, the fucking guy is starting to talk RETIREMENT. He isn't even fucking 50 yet. Public sector ::)
civil servant...ha, we're the "servants"
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I keep everything tied up in long term debt!! ;D
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We are moving stock market assets into RE. There are still a load of bank repos, short sales and messy divorce properties out there. Look for a State where the middle class population is on the rise with corresponding good employment figures. Our RE investments have gone up in value 48% in 18 months.
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We are moving stock market assets into RE. There are still a load of bank repos, short sales and messy divorce properties out there. Look for a State where the middle class population is on the rise with corresponding good employment figures. Our RE investments have gone up in value 48% in 18 months.
Is there a state left that has either of those two data points, let alone both?
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A gym, a coin laundry, and a pawn shop.
What are places frequented by people with no gaddamn money, Alex?
those are the places ppl with no money spend what little money they do have.
like being in the toilet paper industry.. recession-proof (except the gym.. we take a 30-40% hit in a recession)
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that's like 300k US... I think the majority here aren't even worth that. lol
maybe 10mil in Vietnamese Dong. (I think around 500 US now.. not long ago that was about 1k US)
Count Chaos in then.
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Most net worths are asset based valuation ie equity and you can't eat equity. What should have been asked is liquid net worth and a million in liquidity is huge now adays
My net worth is heavy weight on the RE side/equipment while I have good liquidity, about 10% of my net worth it's never enough
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(http://i41.tinypic.com/e8u15x.png)
(http://www.getbig.com/pics/arnold/2006/meeting/meeting51.jpg)
(http://upload.wikimedia.org/wikipedia/commons/c/cc/Phil_Heath.JPG)
(http://www.skiptotheend.com/blog/wp-content/uploads/2010/05/bodypower2010-8990.jpg)
(http://www.gifsforum.com/images/gif/not%20sure%20if%20serious/grand/heath.gif)
(http://www.getbig.com/boards/index.php?action=dlattach;topic=261923.0;attach=302901;image)
So you invest in oversized noses - definitely a niche to consider.
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Not me, but my (wifes) family is worth somewhere around $30-$50mil as a guesstimate.
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10,000,000 pesos.
Easy. ;)
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Obama saw to it that i never have more than one paycheck at a time in net w0rth. Hooooooope and Chaaaaaaaaaaaaaaange.
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Still on the job.
THey say the first million is always the hardest!
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Half invested in cashflow business, for the higher yield. half invested in property trust lower yield but less headaches, will look to move more into property as I get older as I become less patient with running the higher yielding cashflow business.
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Half invested in cashflow business, for the higher yield. half invested in property trust lower yield but less headaches, will look to move more into property as I get older as I become less patient with running the higher yielding cashflow business.
What kind of business?
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There are even a couple trillionaires on getbig actually.
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This is not the site for this type of question and I didn't even read the retarded ass replies. If you are looking for genuine advice or just a story of mega ups and downs a shoot me a pm
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Was invested in a penny gold mining stock that was restricted with a sell date a few months away. Stock went from .001 up to .10 a share. My investment on paper was worth $5.7 million but I couldn't sell, a few weeks later it turns out their discovery of a potential gold mine was complete bullshit, the surveyor had a helicopter accident and the stock tumbled and delisted. Lost about $25K total as I bought at different price points. Oh well.
I've learned that you should take at least your investment out when it doubles and it doesn't get much better than 3 or 4 times the investment before a major pullback happens. Oh well live and learn
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Anyone here who might be worth over 10 million won't admit it here or to anyone anywhere else unless absolutely necessary in private.
And it won't be anyone posting up pics of expensive watches and leased vehicles.
I drive a 2004 Mazda 6. I don't care what time it is because I'm not on someone else's clock.
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Half invested in cashflow business, for the higher yield. half invested in property trust lower yield but less headaches, will look to move more into property as I get older as I become less patient with running the higher yielding cashflow business.
Thanks. What kind of business are you referring to?
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I have two good friends with considerably more than a misely $10,000,000, buy they are never truly happy.
Each of them worry way too much about their investments and both wives are planning to depart with half their assets (divorce).
And 80% of you GetBiggers know each of them by name.
I know a number who are over 10m and who are very happy. But I agree all are aware they need to watch their investments. That's how you get there in the first place. So how do they presently allocate their assets/investments?
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Not me, but my (wifes) family is worth somewhere around $30-$50mil as a guesstimate.
Nice! How have they allocated their money/investments?
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By the time individuals get to 10 million in investments their portfolio is customized, tailer made to how they got there. If you're coming into 10m cold your best bet is 9.5 million in low risk shit interest vehicles and 500k of fuck it up or get rich money, if you loose it than you're not built for self employment.
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My CEO's compensation for 2013 were just over 26mil. Not bad money
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By the time individuals get to 10 million in investments their portfolio is customized, tailer made to how they got there. If you're coming into 10m cold your best bet is 9.5 million in low risk shit interest vehicles and 500k of fuck it up or get rich money, if you loose it than you're not built for self employment.
Yep. Agree and know what you mean. But sometimes you get there and want to relook at things. Perhaps focus more on avoiding losing what you have, rather than aggressively making more. Which is why I'm asking how others in this range are allocated. What makes it tough right now is that many assets are expensive and cost of borrowing will only rise going forward. Which makes me think most assets might fall when rates rise. Which makes me think it's worth keeping a larger than usual allocation to cash (ready to reinvest upon another big correction).
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(http://2.bp.blogspot.com/_yQnsDKP1QMA/TRdaFZ9vOqI/AAAAAAAADD8/2JUylkGtngs/s1600/163174_10150346632900276_14917350275_16309524_5502185_n.jpg)
(http://картинки.cc/img/7/4/7/74743.jpg)
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How ironic that all the vehicles and the house were leased..
Tried to play the rich card..
A couple of years later he had Shawn Ray taking donations for him to cover his medical
And leaving expenses... ;D
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Yep. Agree and know what you mean. But sometimes you get there and want to relook at things. Perhaps focus more on avoiding losing what you have, rather than aggressively making more. Which is why I'm asking how others in this range are allocated. What makes it tough right now is that many assets are expensive and cost of borrowing will only rise going forward. Which makes me think most assets might fall when rates rise. Which makes me think it's worth keeping a larger than usual allocation to cash (ready to reinvest upon another big correction).
deleverage assets, concentrate on your sector of business that got you there financially, stay within you competence JMO
for example when I purchase equipment I get a 2% trade bonus for prepayment, doesnt sound like a lot but on 200K in equipment its 4K and when financing funds (30-60 days) I get a return of 12-24% per annum
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I've learned that you should take at least your investment out when it doubles and it doesn't get much better than 3 or 4 times the investment before a major pullback happens. Oh well live and learn
Problem was stock was restricted so I couldn't sell. it was a pure pump and dump by the execs of the company leaving the shareholders with nothing
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Is there a state left that has either of those two data points, let alone both?
I have move all of my RE assets to Arizona. Also note that each state has pockets of prosperity that need to be sought out. Taxifornia for example. There is a "Return of the Snowbirds" to Arizona. Retirees with nice pensions are again flocking to the sun. Traffic at the stoplights in Scottsdale. I live 200 miles to the east high in a pine forest where traffic is 2 cars.
Arizona Outlook: A Little Better This Year
The forecast calls for a modest acceleration in Arizona’s job growth this year, with the rate rising from 2.1% in 2013 to 2.4% in 2014. As Exhibit 3 shows, the state’s job growth continues improve in 2015 and 2016. Keep in mind that even at 3.6%, job growth remains well below the average rate posted during the 30 years before the Great Recession (4.1% per year from 1977-2007). Thus, even though employment growth is expected to accelerate, the pace of activity will likely feel a bit slow.
Exhibit 3: Arizona's Job Growth Continues to Improve in the Near-Term - Arizona Forecast Summary
Exhibit 3: Arizona’s Job Growth Continues to Improve in the Near-Term
Arizona’s job growth rises in the near term in part due to less federal fiscal drag. We do not expect a repeat of the 2013 payroll tax increase, the sequester, or the government shutdown. In addition, state growth benefits from the continued recovery of the housing sector.
Employment gains during the 2013-2016 period will be concentrated in the service-providing sectors, with trade, transportation, and utilities; professional and business services; and education and health services adding the most jobs. Within the goods-producing sector, construction jobs increase the most, which reflects the continued housing recovery.
Housing permits are expected to rise from 23,765 in 2013 to 51,409 by 2016. Gains are expected in both single-family and multi-family permits. The housing recovery is driven by improved population growth, which rises from 1.3% in 2013 to 1.9% by 2016. In turn, faster population gains reflect rising residential mobility across the U.S., driven by an accelerating national economy. Increased residential mobility translates into more net migration, which fuels faster state population gains.
Arizona’s real per capita income rises in 2014 after a rough 2013. The forecast calls for growth to accelerate to 1.2% in 2014 and again in 2015 to 2.4%. That reflects in part the reduced federal fiscal drag in 2014 as well as stronger job growth.
Aggregate retail sales (the sum of retail sales less food, restaurant and bar sales, food sales, and gas sales) decelerates in 2014, reflecting in part the large one-time reallocation of sales from the use tax into retail sales less food in 2013. Retail sales pick up in 2015, reflecting faster income growth.
Phoenix and Tucson are also expected to gain momentum in the near term. Job growth in Phoenix is forecast to accelerate from 2.8% in 2013 to 3.2% in 2014 and to 3.5% in 2015. Similarly, employment growth is forecast to accelerate in Tucson, rising from 0.7% in 2013 to 1.1% in 2014 and again to 2.0% in 2015. After peaking in 2017, growth gradually decelerates for both metropolitan areas during the remaining forecast period. This reflects the impact of the aging of the baby boom generation, with lower labor force growth driving slower overall economic gains.
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We all have at least 10 million minimum,and own at least one private island........it`s a getbig prerequisite dude!!
Geeze I thought everyone knew this already...don't forget the 10" cocks we are all swinging ::)
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I wipe my ass with 10 million dollars.
would love to be that ass
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I know for a fact at least one GB'er who's worth a mill.
He'd get mad as hell if I named him b/c he's very modest.
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Guys my question is not so much if you know someone worth ten mil+ or not. More on how such people are allocated asset-wise.
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I know for a fact at least one GB'er who's worth a mill.
He'd get mad as hell if I named him b/c he's very modest.
'worth a mil' ain't much. especially in southern ca.
having a million liquid, is a different story.
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Half invested in cashflow business, for the higher yield. half invested in property trust lower yield but less headaches, will look to move more into property as I get older as I become less patient with running the higher yielding cashflow business.
You say "Cashflow", I hear "Loan Shark"
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Net worth = assets minus debt.
If you've got a million in assets and $900k in debt, you're worth $100k.
I prefer to stay largely liquid and invest in things that are highly transparent. I don't fool with rental properties or private businesses.
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Up to 5,000,000 now.
Be smart how u invest and look outside the box for investments. I get an average return of 25-35% annually on my money
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Net worth = assets minus debt.
If you've got a million in assets and $900k in debt, you're worth $100k.
Lol. An obvious point but well worth making to get biggers who think posing with a car purchased on credit makes you "rich" :)
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Up to 5,000,000 now.
Be smart how u invest and look outside the box for investments. I get an average return of 25-35% annually on my money
Don't doubt the 5m. But I doubt you can get anything like the return you mentioned there in a way that does not put you assets hugely at risk. How r u getting 25-35% return. I call BS on that unless you can explain ...
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I invest in steers
Buy them at 2 days old sell them at 5 months old.
We put up a great facility to raise them so we have very little death. Total investment is between $160 - $300 a steer, total price at market is between $600-$650
I get 25%-35% of the profit as i fund the project.
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I invest in steers
Buy them at 2 days old sell them at 5 months old.
We put up a great facility to raise them so we have very little death. Total investment is between $160 - $300 a steer, total price at market is between $600-$650
I get 25%-35% of the profit as i fund the project.
You must be turning over alot of steer to profit as you claim.
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I invest in steers
Buy them at 2 days old sell them at 5 months old.
We put up a great facility to raise them so we have very little death. Total investment is between $160 - $300 a steer, total price at market is between $600-$650
I get 25%-35% of the profit as i fund the project.
Hmm so what about the cost of food for the animals? Labour? Taxes? Vetenarian? Transport?
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I get an average return of 25-35% annually on my money
I get 25%-35% of the profit as i fund the project.
One of these things is not like the other.
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just around $1M on paper which is damn near broke in Southern Cal but i'm pretty new to the pharmaceutical dope game.
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Yes we turn over a lot of steer, took yrs to build up. The $300ish a steer is including feed,care.......
25%-35% profit is on the money I invest not my total worth. We also own 3 other businesses and have other tradional investments, stocks, bonds, medals,property.....
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I know for a fact at least one GB'er who's worth a mill.
He'd get mad as hell if I named him b/c he's very modest.
It want matter. 10 mill only section. Move along please.
;D
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Yes we turn over a lot of steer, took yrs to build up. The $300ish a steer is including feed,care.......
25%-35% profit is on the money I invest not my total worth. We also own 3 other businesses and have other tradional investments, stocks, bonds, medals,property.....
Ok. So you are doing all the manual labour yourself? If so this is actually a "cost" so a little misleading to say your return on the investment is 25-35%. What would the return be if you deducted cost of labour?
Medals? Or metals? What kinds of property? And where?
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Ok. So you are doing all the manual labour yourself? If so this is actually a "cost" so a little misleading to say your return on the investment is 25-35%. What would the return be if you deducted cost of labour?
Medals? Or metals? What kinds of property? And where?
is it labour? or labor?
I invested heavy in gold and cashed in at $1825 an oz
Do no labor myself.
If u would like 2 come here I can show u the farm and the system.
We flip homes in the Midwest.
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'worth a mil' ain't much. especially in southern ca.
having a million liquid, is a different story.
If you are lucky and timing is on your side you can take your So Cal million to another state and live like you had 5 million in So Cal. I know you have to give up poor schools, bad roads, traffic, Jerry Brown politics, public union control, and bad air. But....what the hec. Now I live in a community where a new jeep is a Lambo, and high fashion is matching boots and belt. Its like waking up in a 1950s dream....even the kids say yes sir yes madam when spoken to. I can wear my iron on my hip if I wish and only get smiles and nods. You have a problem and 3 neighbors are there to help. I do miss the beaches but have enjoyed the endless lakes and streams. What snow we get is only in 3 months and it melts overnight. a heat wave is 85 degrees.
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If you are lucky and timing is on your side you can take your So Cal million to another state and live like you had 5 million in So Cal. I know you have to give up poor schools, bad roads, traffic, Jerry Brown politics, public union control, and bad air.
This is a bit over-the-top. And what dream state are you in?
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If you are lucky and timing is on your side you can take your So Cal million to another state and live like you had 5 million in So Cal. I know you have to give up poor schools, bad roads, traffic, Jerry Brown politics, public union control, and bad air. But....what the hec. Now I live in a community where a new jeep is a Lambo, and high fashion is matching boots and belt. Its like waking up in a 1950s dream....even the kids say yes sir yes madam when spoken to. I can wear my iron on my hip if I wish and only get smiles and nods. You have a problem and 3 neighbors are there to help. I do miss the beaches but have enjoyed the endless lakes and streams. What snow we get is only in 3 months and it melts overnight. a heat wave is 85 degrees.
Hi Wyatt Earp.
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is it labour? or labor?
I invested heavy in gold and cashed in at $1825 an oz
Do no labor myself.
If u would like 2 come here I can show u the farm and the system.
We flip homes in the Midwest.
is it labour? or labor? Depends what country you live in. "labor" in the US, "labour" in most of the rest of the world...
If you do not labour yourself, then you need to factor that into your cost. Can you you do the numbers again? Are you saying you make a 25-35% of cattle, net (ie after all costs deducted?) over 5 months ? If so, then annualized, that is a return of over 50-70%. I doubt that kind of return can achieved net. If so, you would have many more people/companies moving into the industry and bring margins down...
Flipping homes - yes, that still works in a rising market. Do you just buy and sell (or also renovate?) How much do you usually leverage on those? And any capital gains tax (among other costs to pay?)
Love to visit sometime although have seen many farms in my time - grew up in a farming town :)
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If so, how are you investing your money right now. How much in stock, cash, property etc?
Let me answer for everyone here. NO!
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Well 'gib' u seem to have all the answers, then why did u ask the question?
Yes I net 25%-35% every five months on average.
if u would like to come here I'll show u how to. Steer prices vary greatlyand I have a know a young kid who owns the farm who is just starting out and needs capital.if we buy a steer for $100 plus another $150 to feed it for the 5 month, we take it to market and say get $600. My cut on that will be $90-$95.now in winter here we can get them for $10-$20 but the trick is to keep them alive. But if u can u can make a killing. Its not just me doing it, I have brought in many friends who r now investing in this kids farm.
Sometimes its 5% sometimes I'll double my money. If u come here u will see all the Mega farms everywhere. If u believe me or not doesn't matter to me. The trick to getting wealth is making ur money work for u. I made a killing when gold went up, we make at least $20,000 on every home we flip. I have done well in the market with options, also Roatan is paying 12%-15% in their banks right now . Plus we have three businesses and my wife is a medical professional.
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We do fix up the houses and yes there r always taxes, but if u r creative with having multiple s-corps and a good accountant you can take advantage of a great deal of taxes breaks. Do ur research and talk to someone who made it. I am still learning a great deal, but getting finanical advice from get big maybe not the best move.
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We do fix up the houses and yes there r always taxes, but if u r creative with having multiple s-corps and a good accountant you can take advantage of a great deal of taxes breaks. Do ur research and talk to someone who made it. I am still learning a great deal, but getting finanical advice from get big maybe not the best move.
Getbig is the only move my man.
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(http://www.gratisimage.dk/image-D280_539458C3.jpg)
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Getbig is the only move my man.
lol
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Listen guys I am def not the smartest guy out there. But it can be done. I got a career first, saved money and got dept free. My goal was to have my money making more while was at work everyday. I spread it out into different things, some tradional some not so much. But it takes time , but when it starts to compound it can pile up quick. Now I have started going to into safer investments to protect the bulk of it and have an investment advisor who handles that for me. But when u r young u can take on much greater risks. The problem is most people get stuck in the mind set of the only way u get ahead is working harder, the way u get ahead is working smarter. Keeping ur eyes open. While on vacation I saw what the Roatan banks were paying, I wired money there and now get a nice return. Good luck on ur search for the answers GIB
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I would suspect most members of Getbig are living at home or at best living week to week. If you want to be a millionaire the only surfire investment is real estate. You want to both flip houses and hold rental properties. REO's is going to be your best source of properties. A distant second to real estate is precious metals.
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I would suspect most members of Getbig are living at home or at best living week to week. If you want to be a millionaire the only surfire investment is real estate. You want to both flip houses and hold rental properties. REO's is going to be your best source of properties. A distant second to real estate is precious metals.
Everyone lives at home. That's the name of the place where you live.
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Everyone lives at home. That's the name of the place where you live.
You've got too much time on your hands.
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One of the many downsides of wealth, my impoverished friend.
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every single member of getbig is worth at least ten million.
combined!!!!!
;D
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I would suspect most members of Getbig are living at home or at best living week to week. If you want to be a millionaire the only surfire investment is real estate. You want to both flip houses and hold rental properties. REO's is going to be your best source of properties. A distant second to real estate is precious metals.
Some financial experts suggest that Real Estate is not the best investment. It has been for me. My parents were flipping houses back in the 1950's and 60's and while they often did well with this, there were some failures too.
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every single member of getbig is worth at least ten million.
combined!!!!!
;D
combined?
that is only 250 dollars each, you know 40 000 members lol :D
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combined?
that is only 250 dollars each, you know 40 000 members lol :D
about right honestly.
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every single member of getbig is worth at least ten million.
combined!!!!!
;D
Well played ;D
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I would suspect most members of Getbig are living at home or at best living week to week. If you want to be a millionaire the only surfire investment is real estate. You want to both flip houses and hold rental properties. REO's is going to be your best source of properties. A distant second to real estate is precious metals.
No such thing as a surefire investment. Even some very smart people like Richard Kinder have gone broke playing the real estate game. He eventually got into pipelines and is now worth about $9 billion. Anyone who tells you an investment is "surefire" is lying to you - either because they're a crook, an egomaniac, or don't know what they're talking about - take your pick.
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No such thing as a surefire investment. Even some very smart people like Richard Kinder have gone broke playing the real estate game. He eventually got into pipelines and is now worth about $9 billion. Anyone who tells you an investment is "surefire" is lying to you - either because they're a crook, an egomaniac, or don't know what they're talking about - take your pick.
I heard a financial analyst say that, in these times, if you are looking for more than 5% interest return on your savings, you will have to accept a degree of risk.
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I heard a financial analyst say that, in these times, if you are looking for more than 5% interest return on your savings, you will have to accept a degree of risk.
Right now the average retail savings account in the US pays less than 0.1%. The only way to literally have no month to month or year to year fluctuation is to be in deposit accounts - savings, checking, CDs. I can remember getting 5.25% in a variable rate savings account some 7-8 years ago when interest rates were quite high. There is basically "no risk" with deposit accounts, as long as the amount you have in them is under the FDIC coverage limit, and as long as the FDIC remains solvent.
Stocks, mutual funds, ETFs, etc will always fluctuate in value, and you'll at least sometimes be on the wrong end of that fluctuation - no matter how smart you are, how much research you do or hire others to do, and no matter how often you "trade", buy, sell, short, use options, etc.
Even if you buy the highest rated bonds that guarantee a return on principal at maturity you'll see a bit of fluctuation. This is especially true of longer term bonds and US treasuries in an environment when interest rates are changing or expected to change.
Things like the relatively expensive annuities will "guarantee" a certain return as long as you keep your money in it - even the better variable annuities have this feature. But once you pull your money out, you're left with whatever your actual account value is in most cases. And if you have one of those special annuities that will actually guarantee a return of principal at some point even if you've spent almost all the money, you'll be paying out the ass for it while you're in it. Insurance companies are usually pretty good at figuring those things out so that they still make money on them.
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Right now the average retail savings account in the US pays less than 0.1%. The only way to literally have no month to month or year to year fluctuation is to be in deposit accounts - savings, checking, CDs. I can remember getting 5.25% in a variable rate savings account some 7-8 years ago when interest rates were quite high. There is basically "no risk" with deposit accounts, as long as the amount you have in them is under the FDIC coverage limit, and as long as the FDIC remains solvent.
Stocks, mutual funds, ETFs, etc will always fluctuate in value, and you'll at least sometimes be on the wrong end of that fluctuation - no matter how smart you are, how much research you do or hire others to do, and no matter how often you "trade", buy, sell, short, use options, etc.
Even if you buy the highest rated bonds that guarantee a return on principal at maturity you'll see a bit of fluctuation. This is especially true of longer term bonds and US treasuries in an environment when interest rates are changing or expected to change.
Things like the relatively expensive annuities will "guarantee" a certain return as long as you keep your money in it - even the better variable annuities have this feature. But once you pull your money out, you're left with whatever your actual account value is in most cases. And if you have one of those special annuities that will actually guarantee a return of principal at some point even if you've spent almost all the money, you'll be paying out the ass for it while you're in it. Insurance companies are usually pretty good at figuring those things out so that they still make money on them.
Good post, but if you have different bonds and keep them say 5 years, then you should be able to beat the 0.1% deposit interest rate.
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Good post, but if you have different bonds and keep them say 5 years, then you should be able to beat the 0.1% deposit interest rate.
Oh yeah, bonds generally do far better than deposit accounts - at least nowadays.
The catch with bonds is that there is always at least a little risk of default, and the higher the interest they pay, generally the higher the default risk. Solid first world govt, corporate, and muni bonds paying say 5-6% or less generally have a lower risk of default than the "high yield" / junk bonds of less stable corporations, municipalities, and emerging nations. An 8-9% coupon issued in recent years is likely to be attached to a pretty damn risky borrower, and a 12% coupon is a huge gamble.
Another catch is that the better paying bonds will be more expensive in the secondary market than the lower paying bonds of similar maturities and credit quality. Bonds paying 2% will be cheaper than bonds paying 5% if all else is more or less equal.
One way to possibly use bonds as a pretty good investment is to find them trading at a big discount pretty close to their maturity. You are most likely to see this with longterm bonds paying low rates during a time when interest rates are rising. If you find a bond of half decent credit quality trading at half its value 5 years out from its maturity, you can double your money in 5 years when the issuer pays you the par value, effectively generating a 15% a year return on investment, plus whatever interest they paid. The trick is to find such a bond and not have them default.
Re annuities, most of them are designed for you wait until you're 59.5 years of age to start drawing money off them because of IRS regs that charge you heavy penalties for withdrawals before then with most of them. And you have to wait until death for the "return of principal regardless of amount above $1 left in the account" feature some offer. ;D
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I'm a trillionaire in Zimbabwe.