Pops
Avatar of War Slayer
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Investing General Discussion
- Thread starter Furious
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Pops
Avatar of War Slayer
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Federal Reserve issues FOMC statement
Doesn't look like more hikes, but let's see how the market takes the selling.
Doesn't look like more hikes, but let's see how the market takes the selling.
Pops
Avatar of War Slayer
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Blazin
Creative Title
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You would probably like reading this guy
Pops
. He's been pretty negative on the market all for the last 40% of run up, but to be fair never seen him call for a crash or say to not go in just tries to educate people about what is moving markets(no title)
edit...I don't read him from that page, but follow him on Seeking Alpha. Looking at his website I see see political crap as well which isn't ever posted on SA
Pops
Avatar of War Slayer
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Haha. I already hate his website name.You would probably like reading this guy
(no title)
edit...I don't read him from that page, but follow him on Seeking Alpha. Looking at his website I see see political crap as well which isn't ever posted on SA
Pops
Avatar of War Slayer
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You would probably like reading this guy
(no title)
edit...I don't read him from that page, but follow him on Seeking Alpha. Looking at his website I see see political crap as well which isn't ever posted on SA
https://seekingalpha.com/article/4094229-snb-18-million-apple-shares-plunging-swissie
I have read his SA stuff. Here's this. Can't say it's a bad investment, but how many other banks play this game instead of lending.
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This government job needs to hurry up and get me hired so I don't have to worry about the impending recession. I have said it's coming any day now for the last year. It's about time. There's going to be a lot of fucking layoffs in the private sector.
I've been saving a nice stash for when it does hit though just so I can make bank. I was too young to take advantage of the last recession. My grandfather made shit loads off of BoA stock.
I've been saving a nice stash for when it does hit though just so I can make bank. I was too young to take advantage of the last recession. My grandfather made shit loads off of BoA stock.
Pops
Avatar of War Slayer
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Does anyone do real estate investing? I do 401k, DBP, etc. But I'm interested in doing some residential real estate. I live in Louisiana so we don't have the terrible California residential laws. I'm thinking of like buying a $60,000-$100,000 house to test the market on. My goal would be to at least break even monthly (i.e., if I rent it out and all my costs are covered, I'm happy.) I'm thinking of it in terms of having someone else pay for a bunch of houses for me that hopefully will appreciate in value, that I could sell in 15-20 years. It'd be nice to make a couple of extra hundred dollar per month per property to at least set aside and pay for catastrophic things (roof, A/C, etc.) I would use a property management company too, so there goes 10%.
Anyone doing this?
Anyone doing this?
Blazin
Creative Title
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if you go back through this thread we have talked about this a few times, there a few who own residential investment property. I try to keep about 50% of my investments in real estate but only do commercial and industrial, but buying houses can be a way to invest but really need to do some homework and multi tenant buildings are usually the better investment. Residential is less capital intensive maybe as low as $20,000 to start, don't over leverage, buy good insurance, put some sweat equity into a property, be selective with your tenants.
Make sure you go through the numbers realistically before making a decision, we can probably help with that if you get that far. I would also assume at least a 5% maintenance reserve (more for older homes). Be careful with variable rate loans if borrowing as rates are likely to steadily climb higher for awhile.
Make sure you go through the numbers realistically before making a decision, we can probably help with that if you get that far. I would also assume at least a 5% maintenance reserve (more for older homes). Be careful with variable rate loans if borrowing as rates are likely to steadily climb higher for awhile.
Blazin
Creative Title
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Recommend doing some reading at:
Investing - Help with Personal Investments - Bogleheads.org
For companies to work with I would strongly recommend:
Vanguard: Helping you reach your investing goals | Vanguard
Fidelity International Usage Agreement
Look up Jack Bogle on amazon
For understanding investment lingo investopedia does a decent job.
Your biggest enemy will be your fear of losing and impatience, both must be conquered then it really just becomes a matter of staying the course.
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Gravel
Mr. Poopybutthole
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I also really like the JLCollins stock series. He does a good job explaining why you shouldn't market time or panic, and why Vanguard is worthwhile (and really, Fidelity at this point as they're the only other place competitive on fees).
Stock Series
Stock Series
Rod-138
Trakanon Raider
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'Advisors are drawn not to the best investments but to those that pay the highest commissions and management fees. Indeed, often they are compelled by their firms to sell these. Such investments are, by definition, expensive to buy and own.'
This is hilarious and literally the opposite of my firm's philosophy. No one worth a fuck actually thinks like this. I totally support people that have the time/desire to save some fee money and manage their own money, but while there are some boogeymen out there, most advisors nowadays understand the competitive environment and mix managed sectors with low cost indexes to give someone a nice mix for a low cost.
This is hilarious and literally the opposite of my firm's philosophy. No one worth a fuck actually thinks like this. I totally support people that have the time/desire to save some fee money and manage their own money, but while there are some boogeymen out there, most advisors nowadays understand the competitive environment and mix managed sectors with low cost indexes to give someone a nice mix for a low cost.
Rod-138
Trakanon Raider
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Like, do you need someone to manage your Large cap sector? No, fill it with an index if you have the time horizon, but the difference between a well managed value bond/foreign growth segment and a shit tier one is substantial. So we mostly try to save people money unless we see value in spending it! Or the guys I work with at least!
Jysin
Ahn'Qiraj Raider
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There are plenty of Advisors that don't give a shit and want to maximize their own profits. It definitely has a predatory angle, but there is so much money to be made of people's general financial ignorance that it does indeed exist. However, there are Advisors which are bound by law to act in the best interest of the client and those are known as a Fiduciary.
Fiduciary
John Oliver did a great segment on this a while back.
Khane
Got something right about marriage
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So in one breath you say you don't have the time/desire to manage you're own money. And in the next breath you say your super awesome investment firm just buys index funds for your portfolio? Clicking "buy" on VTI is too hard for you so you pay someone else to do it for you?
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The value in the adviser isn't in how they pick funds for you. A robo-advisor can do the same thing and in many cases, the back end of your in person and robo-advisors are basically the same thing. The value in an adviser is someone to hold your hand so you don't panic when the market corrects. The average investor doesn't have the discipline to stay diversified in the right funds and re balance as needed.
