How Do YOU Invest Your IM Income?
- Thread starter Spliffic
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you don't even know how to spell, bitch. how you gonna invest your money properly? also you're from australia so your opinion is pretty much worthless. have a nice day.
Nobody has mentioned investing in education. I don't mean the kind of of education you get when you want to buy something - I mean the college degree kind. From what I heard, the value of a degree has been decreasing, relative to the large student loans you get stuck with and the high unemployment rate of college grads. I wouldn't seek out a degree, but I think that investing in advanced marketing, web design and coding education is worthwhile for those in this business.
Really rich people buy into hedge funds, and the stupid among them sank it all into Bernie Madoff's pocket. We know what happened next.
As for me, my first payouts will be going toward fixing up the house I live in. This is a property that was purchased for $25,500 by my parents, and is now worth $350,000 to $400,000. I think after that I will invest my money in a time machine to return to 1968 and buy a few more houses.
Really rich people buy into hedge funds, and the stupid among them sank it all into Bernie Madoff's pocket. We know what happened next.
As for me, my first payouts will be going toward fixing up the house I live in. This is a property that was purchased for $25,500 by my parents, and is now worth $350,000 to $400,000. I think after that I will invest my money in a time machine to return to 1968 and buy a few more houses.
The cheapest land that I have seen in the Philippines is about $1500/acre after the peso/dollar and square meter/acre conversion.
I can find land for 1/3 of that or less in the United States.
Invest in whatever YOU can see a ROI. Different people see it in different things. If you can see it in property, put it there. If you can see it in stocks, put it there. If you can't see it, shit.. invest in cash. Just have to realize that even cash goes backwards, if you are not keeping pace with inflation.
Real estate is only an asset if it's paid for, otherwise it's a liability. Don't buy liabilities.
With all the stories coming out about Chinese goods causing harm or killing people, I'm not very worried about owning manufacturing businesses based in the U.S. I also attach no morality to owning companies that house their manufacturing facilities offshore, or are altogether foreign. I might even go so far as to call that spreading my risk, because I'm not placing all my assets in the hands of one government or economy.
There's places like that in Baltimore City too. I think this model is flawed though, because maintenance, tenant turn around, evictions all took a lot of time away from more profitable activities. And I used a property manager too.
I think the best real estate investments right now are commercial rentals to places like Walgreens and Rite-Aid (although I haven't really looked at those numbers), and self storage complexes (which is what I'm leaning towards).
Anyone have any good sites or reading material for getting into the rental property investment game? Something I've been wanting to do...
Fuck rental properties, man. I really hope that it works out for you guys that are into it but I could never put up with the headaches of repair, maintenance, deadbeat renters, etc. Even with a property manager, it would still be a major PITA.
Of course, I can't stand dealing with the general public to begin with.
I'm inclined to lean with Vinny Lingo with pretty much everything he's said about buying businesses.
(And no, Andrew Scherer, you fucking punk ass douchebag, I'm not talking about fucking franchises)
Of course, I can't stand dealing with the general public to begin with.
I'm inclined to lean with Vinny Lingo with pretty much everything he's said about buying businesses.
(And no, Andrew Scherer, you fucking punk ass douchebag, I'm not talking about fucking franchises)
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