ticketfrog123
Active Member
Don't buy new cars
Half of invested saving in S&P index funds (500)
On stock picking, do research, especially on who is running the operations
found the guy who leases.
informal poll: are wives ok with used cars?
Don't buy new cars
Half of invested saving in S&P index funds (500)
On stock picking, do research, especially on who is running the operations
Maybe a different discussion, but owning a home and adjusting for property taxes, maintenance, etc. is rarely a “good investment”, especially after accounting for inflation. To your point, it’s almost entirely timing dependent.
I’ve seen a few personal examples where it actually makes sense (California the last 5 years), but don’t think that’s the case in DFW.
not debating the purpose or value of home ownership, more the people who say “I made double on my house” and ignore property taxes, renovations, etc.
Anyway. Fire away. Would love to hear the thoughts of others, especially those that have done more life than me and have better wisdom and perspective.
For years I did the max 401K thing, let the money grow. Don't freak out when the market drops or skyrockets. I made pretty good returns over 15 years doing this. However, after reading a few books I've completely changed my strategy. Its all about real estate now and equity growth by having other people build equity for me.
Spend like there is no tomorrow, the socialists will take care of us! Vote for Bern students on campus today. I do wish people would be required to work real jobs before they can vote.
Currently playing some into Fundrise, which averaging around 8% returns, don't have enough in there to worry about the fees, which I believe they claim as 1%.
Good for you.
Look at the lifestyle of those five Founder suite owners. They don't flash the jets, the cars or the ice. They don't need to. We aren't financially capable of living a lifestyle we cannot afford as it eventually catches up to you and is nearly impossible to dig out if, despite what the Dave Ramseys of the world would say.
“[...] and that has made all the difference.“I know 2 of them. They might not flash them, but they have them.
A lot of multi family is going to get smoked in the next year or so, IMO. I know of quite a few Fannie/Freddie defaulted loans that have hit our shop and they were originated in the last two years. If you bought in that time, you probably overpaid...One thing that I’ve been getting into is passively investing in apartment syndications. I invest and the operator does everything else. They acquire the property, renovate the interiors, make other upgrades and increase the rents/cash flow and sell the asset. Two to five year hold, 7-9% return during that time, 70/30 (Investor-LP/GP) split upon sale of the asset. Goal is to 2X my money in 5 years. Also get a K1 to offset any taxes thanks to bonus depreciation (don’t have to depreciate the asset over 27.5 years, can take it all up front which is ideal for this kind of investment). This is the most hands off way that I know of to get exposure to RE, with the least amount of effort and achieving maximum returns.
You have to live somewhere, are you considering the cost of renting where you are paying property tax for the actual owner which is just rolled into your rent?
With ownership, you are paying on a mortgage but you are also using someone else's money and you can reap the benefits of the appreciation which hopefully you are in an area which is doing so. TCU area is a good example.
What investment is not "timing dependent"? That is why you diversify. Closest thing I have found are guns but I am only holding and buying have yet to sell.
A lot of multi family is going to get smoked in the next year or so, IMO. I know of quite a few Fannie/Freddie defaulted loans that have hit our shop and they were originated in the last two years. If you bought in that time, you probably overpaid...
Ridiculous what little shoeboxes of terrible build quality are renting for these days. There are going to be a whole bunch of terrible looking apartments all over the place in 10-20 years. "Wood" floors, quartz countertops and some trendy looking appliances are the lipstick on the pig.
Haven't seen HSA's mentioned on here yet, but make sure you max that thing out too. You can save the receipts and reimburse them decades later after decades of growth.
Well for any of you big money guys - the company I founded is currently raising capital. Digitally native made in USA menswear brand. I’m happy to share our deck for any interested parties.
Digitally native .
Explain please
Good luck. Your odds would have been much better if you had a daughter.I'm investing in my son big time, looking for him to take care of me someday!