Getbig Bodybuilding, Figure and Fitness Forums
Getbig Main Boards => Gossip & Opinions => Topic started by: Marty Champions on April 22, 2017, 04:43:53 PM
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i pose this question at three different price ranges
50to100k
300to400k
500k to800k
if you pick real estate then what type
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Good luck getting advice
I asked a stock question on here once and these morons didn't even bother to help
Fuck these losers on here marty they're worthless
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Going to be billions to mak in marijuana. Especially in Cali once the law is clarified.
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Bitcoins and Beepollen
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Good luck getting advice
I asked a stock question on here once and these morons didn't even bother to help
Fuck these losers on here marty they're worthless
oh i know ur right considering i dont have the drive to network like i should i figure seeing what the manlets can come up with
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oh i know ur right considering i dont have the drive to network like i should i figure seeing what the manlets can come up with
i just began investing
I am investing on betterment.com
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I'd just drop it in a low expense-ratio ETF
But if I had an existing business of my own, I'd probably invest most of it in that business
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I thought you renovate houses? There's your answer.
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The legalization of medical marijuana as a profit making investment would be interesting to keep track of ... but I believe that the big money guys could already have it all tied up.
The Virtual Reality industry looks like it will be a top dollar money maker but once again I ain't no expert in the proper means of investing hard earned dollars within that field of expertise.
And ... I would suggest that you NEVER invest in Hollywood motion picture productions unless you are one of the principal 'stars' simply because Hollywood studio accounting 'systems' seldom (almost never) show a profit for the 'outside' investors.
There have been numerous books written about Hollywood motion picture production accounting that I would suggest if you ever get an 'investment offer'.
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And as SIZE mentioned above and which had proven to be very successful in LV, purchase old residential properties and fix them up and place them back on the market.
It's always best to invest in yourself and something that you love to do which you are damn good at doing.
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And as SIZE mentioned above and which had proven to be very successful in LV, purchase old residential properties and fix them up and place them back on the market.
It's always best to invest in yourself and something that you love to do which you are damn good at doing.
its good income small time rental properties im thinking more higher end like buying a hotel by the beach like a holiday inn
this way its more consolidated and obviously great location
i guess better question what is the natural progression out of small time rental houses
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"Play around with"?? Think like that and lose it.
Day trade if you can pay attention to markets 24-7.
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i pose this question at three different price ranges
50to100k
300to400k
500k to800k
if you pick real estate then what type
Real Estate. Small renovations, fix and flip. A client of mine does this on a large scale and makes millions. He got me into it about 3-4 years ago and have done a couple small houses a year since through his company. Other than that, I have another JP Morgan account with a good amount in it that would allow me to draw $2k month but we just reinvest back into it and then my current business.
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"Play around with"?? Think like that and lose it.
Day trade if you can pay attention to markets 24-7.
Or buy rental properties.. But then you have to deal with people, which doesn't appear to be your strong suit... Maybe just invest in a REIT.
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Craft beer
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Get a slot for a Lamborghini Huracan Performante and turn around and sell it for $200K profit
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One of my pals has just invested big with a Chinese company making things the same as those vape fake cigarettes but with these you can put weed into. He reckons the amount of people trying to get off cigarettes that are only still smoking cos they need the tobacco to smoke their weed with is huge.
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Buy the rights to getbig.
Money whip Ron with an offer so large he would be a fool to turn it down.
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Fidelity Magellan...
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Money whip Ron
Mm hmm. Fuck yeah. Do it.
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And as SIZE mentioned above and which had proven to be very successful in LV, purchase old residential properties and fix them up and place them back on the market.
It's always best to invest in yourself and something that you love to do which you are damn good at doing.
This
Or United stock
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If you've got that as disposable, you most definitely do NOT want to come and ask getbiggers for advice
Or, just wait for ESFitness to pipe up and do the exact opposite of what he says
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i pose this question at three different price ranges
50to100k
300to400k
500k to800k
if you pick real estate then what type
also your goals are most important too. if your goals are retirement it would be different than growth.
if i was going to investment for retirement:
1. liquid - buy combination of Index funds, some REITS, quality blue chip stocks that pay dividends, strong long term muni bonds, corp bonds
2. maybe 30% down on a multi unit complex (8 units or so)
growth
1. buy into private equity (they are killing it)
2. still have liquid investments like above just more risk for growth
3. risky investments (maybe something on the Pink sheets)
4. invest/bankroll a local business or unique start up idea
as the risk factor is increased ....
if i had $800k post taxes
-buy a small condo with 50% down and chip away at it over the years. there is something to be said for a paid off place
-retirement liquid investment noted above in diversified avenues. just make solid logical decsions
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property. anything traditional. no new fangled sht like luxury apartments in 'regenerated' areas.
spend hours doing your homework re prices/areas etc. don't invest in anything other than real estate ,as reading your posts here you'll likely get ripped off very quickly in any business venture.
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If i had some serious money to invest - I would get a institutional type brokerage account with leverage and have access to buy multiple securities etc and i would find investments to go long Britain
buy into their currency, strong stocks, infrastructure investments, companies will benefit from leaving the EU
i feel in 5-7 years from now the UK will be much better away from EU financially.
if Le Pen wins in france.... the EU might just fall altogether (good thing)
so f i had several hundred for a serious growth with some risk.... id diversify and buy into british economy really hard
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Buy a franchise..
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Beauty salon.
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Real estate, the bubble is going to burst again. Timing is everything.
Legal Marijuana in Florida Still trying to get through the politics of it all.
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You struck a pot of gold while mowing a lawn somewhere?
But serious: you know how to fix and paint so buy a f-up house and reovate it and sell with profit -> repeat
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Buy a franchise..
i can only afford french fries right now
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I'd invest in raising pure bred organic midgets...then ship them to Canada. Everyone should own their own midget.
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Water purification/desalination... mark my words.
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its good income small time rental properties im thinking more higher end like buying a hotel by the beach like a holiday inn
this way its more consolidated and obviously great location
i guess better question what is the natural progression out of small time rental houses
There's a hotel in Costa Rica for sale for around $900k. I just got back from there and saw it. Needs a little tlc, but you could do it. Grab a few investors and your got a surfers paradise.
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Vanguard 500 Index Fund Admiral Shares (VFIAX)
https://personal.vanguard.com/us/funds/snapshot?FundId=0540&FundIntExt=INT
My advice to the trustee could not be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. (I suggest Vanguard's. (NASDAQMUTFUND:VFINX)) I believe the trust's long-term results from this policy will be superior to those attained by most investors -- whether pension funds, institutions, or individuals -- who employ high-fee managers. - Warren Buffett
http://www.fool.com/investing/general/2016/01/06/warren-buffetts-15-minute-retirement-plan.aspx
Cramer shows you how to double your money in 7 years
The 10 percent average return on the S&P 500 may not seem impressive at first, despite the fact that it's more than double what one can expect from a 30-year Treasury bond and way more than what a certificate of deposit from a bank pays.
However, with an understanding of the magic of compounding, it is impressive. For instance, if $100 is invested in the S&P 500 and it gains 10 percent in a year, that will generate $110, after another year it's $121 and after a third year it's $133.
The gains will continue to get larger because each year, money is made from the previous year's profits. With that 10 percent average annual return, one can double their money in about seven years, Cramer said.
http://finance.yahoo.com/news/cramer-shows-double-money-7-231358687.html
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property. anything traditional. no new fangled sht like luxury apartments in 'regenerated' areas.
spend hours doing your homework re prices/areas etc. don't invest in anything other than real estate ,as reading your posts here you'll likely get ripped off very quickly in any business venture.
Lol!
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i can only afford french fries right now
;D
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Vanguard 500 Index Fund Admiral Shares (VFIAX)
https://personal.vanguard.com/us/funds/snapshot?FundId=0540&FundIntExt=INT
My advice to the trustee could not be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. (I suggest Vanguard's. (NASDAQMUTFUND:VFINX)) I believe the trust's long-term results from this policy will be superior to those attained by most investors -- whether pension funds, institutions, or individuals -- who employ high-fee managers. - Warren Buffett
http://www.fool.com/investing/general/2016/01/06/warren-buffetts-15-minute-retirement-plan.aspx
Cramer shows you how to double your money in 7 years
The 10 percent average return on the S&P 500 may not seem impressive at first, despite the fact that it's more than double what one can expect from a 30-year Treasury bond and way more than what a certificate of deposit from a bank pays.
However, with an understanding of the magic of compounding, it is impressive. For instance, if $100 is invested in the S&P 500 and it gains 10 percent in a year, that will generate $110, after another year it's $121 and after a third year it's $133.
The gains will continue to get larger because each year, money is made from the previous year's profits. With that 10 percent average annual return, one can double their money in about seven years, Cramer said.
http://finance.yahoo.com/news/cramer-shows-double-money-7-231358687.html
Bogle is bearish on future equity market returns.
HOWEVER, Buffett gave similar advice to what you laid out to Lebron James.
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property. anything traditional. no new fangled sht like luxury apartments in 'regenerated' areas.
spend hours doing your homework re prices/areas etc. don't invest in anything other than real estate ,as reading your posts here you'll likely get ripped off very quickly in any business venture.
lol projecting
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Vanguard 500 Index Fund Admiral Shares (VFIAX)
https://personal.vanguard.com/us/funds/snapshot?FundId=0540&FundIntExt=INT
My advice to the trustee could not be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. (I suggest Vanguard's. (NASDAQMUTFUND:VFINX)) I believe the trust's long-term results from this policy will be superior to those attained by most investors -- whether pension funds, institutions, or individuals -- who employ high-fee managers. - Warren Buffett
http://www.fool.com/investing/general/2016/01/06/warren-buffetts-15-minute-retirement-plan.aspx
Cramer shows you how to double your money in 7 years
The 10 percent average return on the S&P 500 may not seem impressive at first, despite the fact that it's more than double what one can expect from a 30-year Treasury bond and way more than what a certificate of deposit from a bank pays.
However, with an understanding of the magic of compounding, it is impressive. For instance, if $100 is invested in the S&P 500 and it gains 10 percent in a year, that will generate $110, after another year it's $121 and after a third year it's $133.
The gains will continue to get larger because each year, money is made from the previous year's profits. With that 10 percent average annual return, one can double their money in about seven years, Cramer said.
http://finance.yahoo.com/news/cramer-shows-double-money-7-231358687.html
I'm surprised (or not) only one person has said this...
I'd think this would be the default answer, especially for people who know little about investing.
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Pay off all your debts first except your mortgage. Then you're ready to invest.
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Pay off all your debts first except your mortgage. Then you're ready to invest.
Would agree but with this one caveat...a 3 to 6 month emergency fund as well.
Then that really gives you The Foundation to start investing.
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Except im good with money. Idiot. Fools like you don't even know how to balance a checkbook, much less read a balancesheet or form a corporation.
This is coming from the guy who was taking 200 mcg T3 for months and ended up with a 200k hospital bill.
Ooooookay.
::)
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Would agree but with this one caveat...a 3 to 6 month emergency fund as well.
Then that really gives you The Foundation to start investing.
Yes, baby step 3 I believe. I've mentioned this some years ago that my wife and I went through the Financial Peace University when I got into heavy debt paying for our attorney when I was going through my custody battle (over $100K) and fought our way back. We've never looked back. Even tough the business does well, we pay ourselves VERY modestly. Everything but our homes are paid for.
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Yes, baby step 3 I believe. I've mentioned this some years ago that my wife and I went through the Financial Peace University when I got into heavy debt paying for our attorney when I was going through my custody battle (over $100K) and fought our way back. We've never looked back. Even tough the business does well, we pay ourselves VERY modestly. Everything but our homes are paid for.
Yep.
Like Dave said, once you have 10 to 20 grand sitting in the bank, the ability to invest week in and week out becomes SO much easier.
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This is coming from the guy who was taking 200 mcg T3 for months and ended up with a 200k hospital bill.
Ooooookay.
::)
Tell us all how that relates to investments.
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Tell us all how that relates to investments.
"Maybe just invest in a REIT."
Because you'd have to be on drugs to give out that sort of advice.
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Mm hmm. Fuck yeah. Do it.
Right across the face with that wad of Benjamins.
(https://images-na.ssl-images-amazon.com/images/I/51HQe-YEKgL.jpg)
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Because marty is so good with people and dealing with tennants?
Marty already has years of experience fixing up properties and that is 99% of the battle.
A simple course on how to interact with people benefited Warren Buffett in life more than any Ivy League education ever did.
"I don't have my diploma from college. I don't have my diploma from graduate school. But I do have my Dale Carnegie diploma there because it changed my life"
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I love Dave Ramsey.
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Tell us all how that relates to investments.
It just speaks of your overall intellect, brah.
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Except im good with money. Idiot. Fools like you don't even know how to balance a checkbook, much less read a balancesheet or form a corporation.
I know you're just out of the can but there's been some changes. It's all computerized now. Cards. If someone in a line pulls out a checkbook you can legally hit them.
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getbiggers dont invest so little money, they spend that money on tips when they go out (which is 7 times a week)
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Give me $10k and ill map out you can invest $1k and still profit $15k, maybe $14.5k after shipping in maybe 8 weeks, even after the $10k you've invested in my roadmap. Including how to form shell-corps and stay grey-legal tax-wise. Can you do that?
You know, I'm almost tempted to just front the $10k to prove to all of getbig, once and for all, whether you're a fraud or not.
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You know, I'm almost tempted to just front the $10k to prove to all of getbig, once and for all, whether you're a fraud or not.
Then make it $5 and you profit $20.
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Ive been out for quite a while.
I'll bet.
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I'll bet.
:D
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Bogle is bearish on future equity market returns.
HOWEVER, Buffett gave similar advice to what you laid out to Lebron James.
And yet, Bogle recommends low cost Index funds too in that very same video. Bogle's tha man.
Great videos BTW.
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Bogle has solid advice.
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Would agree but with this one caveat...a 3 to 6 month emergency fund as well.
Then that really gives you The Foundation to start investing.
I love Dave Ramsey.
Dave Ramsey has solid advice on saving and getting out of dept.
However, his investing advice is terrible and dangerous.
I also don't agree with his advice to never use credit cards. If you are responsible and never carry a balance, you can easily earn over $1,000 a year just using cash back rewards credit cards alone.
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I guarantee an easy way to turn that $400K into $800K in a minute. Go to Vegas, put it on the roulette table and bet on black. Always bet on black.
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Dave Ramsey has solid advice on saving and getting out of dept.
However, his investing advice is terrible and dangerous.
I also don't agree with his advice to never use credit cards. If you are responsible and never carry a balance, you can easily earn over $1,000 a year just using cash back rewards credit cards alone.
Ramsey gives good advice to poor managers of money as to how to get/keep them out of trouble. If you can't manage your household finances, you can't manage using debt to your advantage either. There is no reward for saving with CD rates well below inflation. You have to have some earning power, be able to delay instant gratification and know when to take some calculated risks. Sometimes that requires sticking your neck out and taking on some debt for ideas that cash flow.
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Dave Ramsey has solid advice on saving and getting out of dept.
However, his investing advice is terrible and dangerous.
I also don't agree with his advice to never use credit cards. If you are responsible and never carry a balance, you can easily earn over $1,000 a year just using cash back rewards credit cards alone.
Ramsey is a mixed bag and best utilized in conjunction with other investing gurus(Bogle, Buffett, etc)
Like yourself, I disagree with him on the whole credit issue.
Another big subject of contention is fanatically paying off the low interest rate mortgage.
Peace Of Mind Versus Math, in my opinion.
The S&P 500 or a broader fund such as the Vanguard Total Stock Market Index will double those returns even under the most conservative of estimates.
But Dave has THE BIGGEST FACTOR on his side. Motivating people to DO SOMETHING. Putting money in the account.
Number One Indicator Of People Who Retire Wealthy - Dave Ramsey Rant
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The last 10-15 years have been an investment gold rush. Look at stocks like Amazon and apple that once upon a time about 10 years ago where in the single digits. would have, should have but didn't. Shame on me.
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Then make it $5 and you profit $20.
LMAO. I'm actually serious. If it works, I get a bit of cash in the bank and you live up to your hype. If not, we'll know for sure that you're full of shit.
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What will u do when u get more money? Get even more? Buy more STUFF?
Buy stuff is a life saver for most people since we don't believe in god anymore...if we docent have the belief in buy shit and dreaming of getting shit life is empty!
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I love Dave Ramsey.
He is a very wise Christian Japhite.
I also like Robert Kiosakis advice on paying yourself first.
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Uranium ore , easy to sell ;)
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Ramsey is a mixed bag and best utilized in conjunction with other investing gurus(Bogle, Buffett, etc)
Like yourself, I disagree with him on the whole credit issue.
Another big subject of contention is fanatically paying off the low interest rate mortgage.
Peace Of Mind Versus Math, in my opinion.
The S&P 500 or a broader fund such as the Vanguard Total Stock Market Index will double those returns even under the most conservative of estimates.
But Dave has THE BIGGEST FACTOR on his side. Motivating people to DO SOMETHING. Putting money in the account.
Number One Indicator Of People Who Retire Wealthy - Dave Ramsey Rant
And that's why Dave Ramsey should stay away from investing advice and stick to debt elimination advice and personal savings advice, just like Bogle sticks to investing advice and Buffett sticks to basketball advice. :)
In that video, Dave Ramsey sounds to me like he's making excuses for giving bad investing advice..."at least I get people to invest." ::)
The investing advice from Bogle, Buffett, Bernstein, etc. to invest in low cost index funds is not about superior returns. It's about low fees and diversification. In other words, more money for the investor to reinvest and less unnecessary risk.
Dave Ramsey's investing advice is unnecessarily and dangerously risky and expensive. And Dave Ramsey might be getting paid off by the fund managers he pushes. Even if he's getting people to invest, those people are losing hundreds of thousands of dollars to unnecessary high fees and unnecessary risk, and they are probably indirectly filling Dave Ramsey's pockets.
Again, the guy has solid debt elimination and personal savings advice, but he should stick to that.
BTW, Dave Ramsey calling people he doesn't know moron and stupid on the Internet, and he doesn't look like he even lifts. If I didn't know better, I'd say he's an average Getbigger.
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What will u do when u get more money? Get even more? Buy more STUFF?
Buy stuff is a life saver for most people since we don't believe in god anymore...if we docent have the belief in buy shit and dreaming of getting shit life is empty!
What will one do with more money? How about not answering to an incompetent, mean boss? How about not having to live under a bridge when one is no longer able to work? :)
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Gold and a fallout shelter :D
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He is a very wise Christian Japhite.
I also like Robert Kiosakis advice on paying yourself first.
I learned some of the most valuable financial lessons from two books that at some point were given out FREE by the authors, and most of the time they are sold very cheap. The authors were/are both already wealthy and were only interested in passing on wealth building information. Unlike the likes of Dave Ramsey, these two authors were not interested in making their fortune by selling books about how to make a fortune.
These books are:
If You Can: How Millennials Can Get Rich Slowly
by William J Bernstein
$0.00 Kindle
$5.99 Paper Back
https://smile.amazon.com/If-You-Can-Millennials-Slowly-ebook/dp/B00JCC5JKI?_encoding=UTF8&keywords=if%20you%20can%20how%20millennials%20can%20get%20rich%20slowly&qid=1493122827&ref_=sr_1_1&sr=8-1
The Richest Man in Babylon
by George S. Clason
$1.99 Kindle
$5.38 Paper Back
https://smile.amazon.com/Richest-Man-Babylon-George-Clason-ebook/dp/B00OJNA536?_encoding=UTF8&keywords=the%20richest%20man%20in%20babylon&qid=1493122329&ref_=sr_1_1&sr=8-1
George Samuel Clason (November 7, 1874 – April 7, 1957) was an American author. He is most associated with his book The Richest Man in Babylon which was first published in 1926.
George S. Clason was born in Louisiana, Missouri. He attended the University of Nebraska. He served in the United States Army during the Spanish–American War. Clason started two companies, the Clason Map Company of Denver Colorado and the Clason Publishing Company. The Clason Map Company was the first to publish a road atlas of the United States and Canada, and did not survive the Great Depression.
George Clason is best known for writing a series of informational pamphlets about being thrifty and how to achieve financial success. He started writing the pamphlets in 1926, using parables that were set in ancient Babylon. Banks and insurance companies began to distribute the parables, and the most famous ones were compiled into the book The Richest Man in Babylon - The Success Secrets of the Ancients. He is credited with coining the phrase, "Pay yourself first".
https://en.wikipedia.org/wiki/George_Samuel_Clason
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Write a book on how to get rich and sell a millions copies of it.
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Write a book on how to get rich and sell a millions copies of it.
Exactly how Dave Ramsey made most of his fortune. I almost bought his second book years ago, but didn't because I read many bad reviews from fans saying the second book was just a re-hatch of his first book, but advertised as something new. That was a red flag.
There are churches that offer free classes to the community and church members, taught by volunteers. These classes range from world religions, to "Teaching English as a Second Language", to relationships, to personal finance, etc.
I'm not joking, all classes are free except for Dave Ramsey's "Financial Peace University" which is $100 per student because that's about how much the church pays for the materials per student. The church probably pays more and subsidies the cost to the students. The class is taught/facilitated by a volunteer, but the materials aren't free.
Genius!
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Exactly how Dave Ramsey made most of his fortune. I almost bought he second book years ago, but didn't because I read many bad reviews from people saying the second book was just a re-hatch of his first book, but advertised as something new.
There are churches that offer free classes to the community and church members, taught by volunteers. These classes range from world religions, to relationships, to personal finance, etc.
I'm not joking, all classes are free except for Dave Ramsey's "Financial Peace University" which is $100 per student because that's about how much the church pays for the materials per student. The church probably pays more and subsidies the cost to the students. The class is taught/facilitated by a volunteer, but the materials aren't free.
Genius!
I used to watch these infomercials on getting rich. Some overtanned oily guy in his early 30's telling you how to buy real estate using his plan or setting up home businesses and they wanted you to pay $300 for their 12 CD course blah blah. There were dozens of guys like this on TV selling their programs and every single one of them ended up in jail for fraud. The catch is every time they had a commercial their website URL changed. How shady is that?
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I used to watch these infomercials on getting rich. Some overtanned oily guy in his early 30's telling you how to buy real estate using his plan or setting up home businesses and they wanted you to pay $300 for their 12 CD course blah blah. There were dozens of guys like this on TV selling their programs and every single one of them ended up in jail for fraud. The catch is every time they had a commercial their website URL changed. How shady is that?
(http://guardianlv.com/wp-content/uploads/2014/03/Trudeau.jpg) (https://upload.wikimedia.org/wikipedia/commons/5/5e/Tony_Robbins.jpg)
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And that's why Dave Ramsey should stay away from investing advice and stick to debt elimination advice and personal savings advice, just like Bogle sticks to investing advice and Buffett sticks to basketball advice. :)
In that video, Dave Ramsey sounds to me like he's making excuses for giving bad investing advice..."at least I get people to invest." ::)
The investing advice from Bogle, Buffett, Bernstein, etc. to invest in low cost index funds is not about superior returns. It's about low fees and diversification. In other words, more money for the investor to reinvest and less unnecessary risk.
Dave Ramsey's investing advice is unnecessarily and dangerously risky and expensive. And Dave Ramsey might be getting paid off by the fund managers he pushes. Even if he's getting people to invest, those people are losing hundreds of thousands of dollars to unnecessary high fees and unnecessary risk, and they are probably indirectly filling Dave Ramsey's pockets.
Again, the guy has solid debt elimination and personal savings advice, but he should stick to that.
BTW, Dave Ramsey calling people he doesn't know moron and stupid on the Internet, and he doesn't look like he even lifts. If I didn't know better, I'd say he's an average Getbigger.
Can't disagree with anything in this post.
I'll occasionally watch some of his content because I find him to be entertaining and funny at times even though I know his investment advice is not optimal.
Plus it is just amazing to see some of the situations his listeners have put themselves into with debt.
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Can't disagree with anything in this post.
I'll occasionally watch some of his content because I find him to be entertaining and funny at times even though I know his investment advice is not optimal.
Plus it is just amazing to see some of the situations his listeners have put themselves into with debt.
He does come across as an entertaining getbigger. :D
Caller: Dave, I think your investing advice is wrong.
Dave: Oh yeah? F@#k off, you moron.
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People here who are recommending stocks (and/or some billionaire stock picking guru) are giving very bad advice. The stock market is the biggest bubble in history right now. Bubbles can be, and usually are very irrational. They keep getting bigger until they suck in every last idiot. Can it keep going up?... sure. However, when it inevitably pops it will be one of the largest crashes of all time... much worse than 1929. It will probably take months to be fully realized because of the multitudes of idiots and computer programs who will be "buying the dip".
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People here who are recommending stocks (and/or some billionaire stock picking guru) are giving very bad advice. The stock market is the biggest bubble in history right now. Bubbles can be, and usually are very irrational. They keep getting bigger until they suck in every last idiot. Can it keep going up?... sure. However, when it inevitably pops it will be one of the largest crashes of all time... much worse than 1929. It will probably take months to be fully realized because of the multitudes of idiots and computer programs who will be "buying the dip".
Oh boy
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Great thread. Wife and I have been looking into what we want to do with our investments lately. At first, we were looking to save up to pay cash for a house (almost have enough) as thought that was the smartest thing to do before looking into investing seriously and seeing how the returns on investing in the market would potentially blow the interest of a house out of the water longterm. Knowledge is very rudimentary on this topic so an interesting thread for me. Also looking into rental properties/units.
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People here who are recommending stocks (and/or some billionaire stock picking guru) are giving very bad advice. The stock market is the biggest bubble in history right now. Bubbles can be, and usually are very irrational. They keep getting bigger until they suck in every last idiot. Can it keep going up?... sure. However, when it inevitably pops it will be one of the largest crashes of all time... much worse than 1929. It will probably take months to be fully realized because of the multitudes of idiots and computer programs who will be "buying the dip".
The market is bound for record gains for at least 2 more years before a crash. Trump is looking to cut corp taxes from 35% to 15%. Imagine a 20% boost in profits across all companies in the NYSE or NASDAQ. The bubble has yet to achieve max erect status.
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Great thread. Wife and I have been looking into what we want to do with our investments lately. At first, we were looking to save up to pay cash for a house (almost have enough) as thought that was the smartest thing to do before looking into investing seriously and seeing how the returns on investing in the market would potentially blow the interest of a house out of the water longterm. Knowledge is very rudimentary on this topic so an interesting thread for me. Also looking into rental properties/units.
Get a low, fixed rate mortgage, put 20% down, make one extra payment a year. Invest the rest in a Roth IRA at Vanguard, in low cost Index funds.
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Buy a 6 unit apt complex and rent it to ppl on low income housing. You get a check from the gov't instead of harrassing them each month. Live in 1 unit and rent thebother 5 (or a 4 unit duplex, rent the other 3.) You can do the same with a house. Did it back in the day and govt paid about $1200/mon over what the Market was at the time. Which was about $2200 over what the mortgage was.
shame you are the guy living in one of the 6 apartments.
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He does come across as an entertaining getbigger. :D
Caller: Dave, I think your investing advice is wrong.
Dave: Oh yeah? F@#k off, you moron.
Haha yeah he always has to be the bad ass alpha male and control the conversation when it's not going exactly the way he wants it to.
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Invest in Vince Basile gym ;D
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strippers, weed, hgh, aas, g63 amg, few new outfits. :)
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Get a low, fixed rate mortgage, put 20% down, make one extra payment a year. Invest the rest in a Roth IRA at Vanguard, in low cost Index funds.
Can't you only put $5,500 towards a Roth yearly (last year number)?
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Can't you only put $5,500 towards a Roth yearly (last year number)?
Yes. Maximize that first, then maximize your 401K contributions if you have one. If not, then contribute to a traditional IRA after maximizing your Roth IRA.
You should be protecting your money from the big three: Inflation, taxes, and high fees.
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I'd invest in my cock by purchasing a Ferrari.
If I had a Ferrari I could have banged that gorgeous blonde I saw today at Walgreens.
My cock would be a very grateful cock.