If you don't have anything in the stock market, you're probably just stupid.

You beclown yourself!

I've had rental props both commercial and resi for over 20yrs. In that time I've only had 1 crackhead rip the copper pies out to scrap but even then my insurance company paid to replumb the entire house. I manage my own properties but there are also plenty of prop management companies that will screen tenants, collect rent etc and even absorb the loss of court costs, unpaid rents, evictions, etc. The props i have in FL have both doubled in value since I bought them and the are fully paid off via tenant rent. Housing prices only impact those who are trying to buy or sell. The rent comes in every month regardless of the market. Really don't need immediate liquidity because of the constant cash inflow, unlike stocks that you sometimes have to wait years to recover after a downturn, if at all. With stocks you are always relying on someone else with your money, which I have learned over the years is a fool's errand.

Thats not bad. If a man could trust it would still be there 10 years from now, but I figure if the bottom falls out, the money wont be worth anything anyway , so whats to lose.

Was thinking about maybe Ali Baba and Baidu, but does investment in these foreign countries hurt our own, or does it even matter anymore?

IPO's don't come around often and I don't suggest going all in...as a small investment compared to your other holdings, it's a good risk.

I wish, I just saved up $900! That's all... Sorry I should been more specific. :D

Trump made his fortune in real estate, if you got the drive you can do it...

my buddy is doing the property/rental thing.
it looks viable for me as well
i have earned assets
i have the endowment setup for the kid
big life insurance on all in the family, bigger on me, lucky to see 50 lol
i sit on iraqi dinar and some bitcoin for fun

my father inlaw wants me to get in the market as well
he lives on dividend checks and has a beauty of a place in florida
i always figured i will work until i am dead
we shall see

25% of my portfolio is in international investments...yes I pay foreign taxes

mass murdering people is legal apparently.

You just inspired me to invest on Russian and Chinese war founds. Thinking I'm goin to racket ond dollar from your death would make it worth.

Good luck with that...

You didn't mention if they were international stocks, corporate debt or ETFs.

With my next $900, I plan to buy a global ETF AU:QMIX offered by State Street. If Trump gets reelected it'll do well because of the American economy.

If Trump doesn't get reelected then I'll stick to Australia with the State Street ETF AU:STW.

Either way I'll be a winner.

Warren Buffet recommends ETFs which track indexes. But with a gun you can rob a bank, with a bank you can rob the world!!! :cueevilmaniacallaughter:

Last Edited by NowIhavetothinkofaname on 04/24/2019 08:42 AM

Stocks are for fatasses who trust others to do the work.

look, some of us aren't here to play the money game.. we're billions, doing different things. this is what makes this trip great and bad depending what you choose to live.

Who doesn't love free money?

I invest in four categories of Mutual funds:

Growth

Growth and Income

Aggressive growth

International

25% in each

Very few will listen, but for the few is why I teach.

Dow 16,000 before 2020 election, IT'S COMING!! GET OUT NOW!!!

Brief is spot on.




I take offense to that! There are advisors you can trust for sure.

My team and I (2 other advisors) have over 700 clients and manage over $270mm. I say this humbly and am blessed, but we didn’t get to this level by being untrustworthy. Most of my new referrals come from existing clients. Clients don’t stay with untrustworthy advisors, nor do they refer to them.

Thanks for your answer! I actually drive for them and they are offering an early buy in for drivers. So I am trying to figure out whether to invest.

Brief is extremely arrogant. Pride goes before the fall. The stock market is for crooks and fools.

That's a great plan, but that aggressive growth bit sounds like crypto and "penny stocks". Which I wouldn't invest in due to not having the risk tolerance for them. I have too little money for a "shoot for the moon" penny stock.

Sure I speculate on Ripple, but I don't actually think it'll ever be worth what they say it will be. Pfft Ripple at 500 USD or Bitcoin's 1 million. I have Ripple because it's "nerd" "Magic Internet Money." I also find that saving into a Bitcoin debt card means I spend less on Lotto and beer, which is why I had that $900...

I think it was Warren Buffet who said, "People should invest in what they know/understand."

I understand the concept of loaning money and how it creates credit. I also understand computers and the internet, but Telstra doesn't offer a 7% dividend...

As for index Oz/international ETFs, that'll be in six months time. If I save up $1200 AUD, I can put $600 into both of those ETFs.

And only those on the stupid bench listen to CNBC.

I started with $50K in my (TFSA - Tax Free Savings Account) on Jan 1. It has accumulated to 80K+ and by this Friday one of my heavy stocks will do a 2x in 2 weeks since I invested in it. That will take my initial 50k to well over 100K.

By the end of this year, I estimate my initial 50K will net me 200+. Next year, over 1M.

I invest in Cannabis...cultivation, processing, genetics, security and distribution.

Currently only medical marijuana is legal for medicinal purposes here in Australia. All the stoners I know hate it because it doesn't get them high...

Marijuana has been decriminalised in South Australia since forever and all the stoners go there to get high. Despite that South Australia is not the most populated state.

I just got my quarterly statement yesterday, and recovered all of my losses plus some from the previous.

I don't gamble.

I don't oppose gambling, nor do I find it necessary to put down those who do. Las Vegas is my favorite vacation spot.

It seems silly to call me stupid because I don't gamble, yet you are doing the same thing, calling me stupid because I don't play the market. Through the years I've seen too many people lose while betting on really good hands.

That's because comparing it to gambling is dishonest at best, and stupid at worst. I gave you the benefit of the doubt.

Last Edited by BRIEF on 04/24/2019 09:55 AM

How do you feel about taken 401k loans to buy car? Or better.. A house to rent. Multi family etc.

My 401k through work is American Funds. They absolutely suck and didn't grow that much. I like the match but hate the company I have to invest with.

Do you think large companies that offer 401k and matching benefits for retirement plans are gambling people's money and screwing them?