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As long as your ROI is 15% or greater annually, investors will give you money.
My avg. yearly ROI in the stock market has been 20%-30%, obviously with less leverage. You need to do research though on individual stocks like you would do on any other asset, such as houses etc.
mell says
My avg. yearly ROI in the stock market has been 20%-30%, obviously with less leverage. You need to do research though on individual stocks like you would do on any other asset, such as houses etc.
Come on, are you pulling our leg? You'd be retired in 10 years.
GNL says
mell says
My avg. yearly ROI in the stock market has been 20%-30%, obviously with less leverage. You need to do research though on individual stocks like you would do on any other asset, such as houses etc.
Come on, are you pulling our leg? You'd be retired in 10 years.
Depends on the amount invested.
just_passing_through says
sushi buffet
Usually a step up from gas station sushi.
mell says
My avg. yearly ROI in the stock market has been 20%-30%, obviously with less leverage. You need to do research though on individual stocks like you would do on any other asset, such as houses etc.
Come on, are you pulling our leg? You'd be retired in 10 years.
My avg. yearly ROI in the stock market has been 20%-30%, obviously with less leverage. You need to do research though on individual stocks like you would do on any other asset, such as houses etc.
Nice, was the condo all cash or did you finance? Any advice you can give someone for buying their first vacation rental?
Right now I'm only accumulating company stock.
Or were you just talking companies in general?
Started with 10k excess money roughly 17 years ago, which has now grown to over 1MM excess money, with the caveat that not all of it were gains, whenever there was a prolonged rout in the market and I maxed out margins I would add a few k here and there from my checkings and savings, so after adjusting for those infusions the yearly ROI roughly falls between 20%-30%. It is not that hard to make a multi-bagger if you hit a really good biotech (my main sector) pick where you have (some text omitted to shorten quote...) etire (esp. with wife and 3 kids), house is roughly 35% paid off, but I'm aiming for semi-retirement, aka freedom from the man, at least within the next 1-3 years, and keep continuing tech by contract only while focusing on investing. As some mentioned, with a leverage of 1:2 max. and starting with a humble amount you don't become financially independent that quickly. We also have some family properties and I am not interested in doing any landlording or taking over any mortgages ;)
property manager…cough…cough
mell says
1337irr says
property manager…cough…cough
Definitely the way to go, would need on the combined patnet expertise to pick a good one though, being overseas complicates the matter
Mell, are you back in DE?
You don't need debt for a good credit score, you need debt for slavery.
WookieMan says
Which debt literally doesn't matter at all.
How does debt doesn't matter at all?
gabbar says
WookieMan says
Which debt literally doesn't matter at all.
How does debt doesn't matter at all?
The idea is that a default hurts the lenders more than the borrowers, so the lenders accept devalued currency or a debt swap / mutual debt forgiveness. Most nations run large deficits, and not being able to redeem the loans they are owed would make their situations far worse. I don't think this will hold true forever, but until now it mostly has.
mell says
gabbar says
WookieMan says
Which debt literally doesn't matter at all.
How does debt doesn't matter at all?
The idea is that a default hurts the lenders more than the borrowers, so the lenders accept devalued currency or a debt swap / mutual debt forgiveness. Most nations run large deficits, and not being able to redeem the loans they are owed would make their situations far worse. I don't think this will hold true forever, but until now it mostly has.
Would this apply to individual american citizens? No, right?
So, owning a place with a lot of land around it to keep out the assholes is probably the best scenario
"In 1950 the median American home price was 7,354 and median household income was 2,970 which is 40%. Today the median household income is 70,000 and median home price is 440,000. That's 16%. What makes this even more alarming is most households that are $70,000 are with two earners. 34% of US households are single earning. In 1950 only 12% where two income."
(edited for typos)
-redditor
WookieMan says
Which debt literally doesn't matter at all.
How does debt doesn't matter at all?
2. Student debt. Lots of kids out there live off their student loans in college. There’s lots of people out there with worthless degrees and 100+K of debt that cannot ever be discharged.
But then the market takes a dip and the bank calls your loan and then you’re forced to sell into a down market
Sears. It's okay for big companies to fail financially but you can't as a person? You are a business and it's the same thing.
Would still pay for the house of course.... which they also can't touch.
NuttBoxer says
"In 1950 the median American home price was 7,354 and median household income was 2,970 which is 40%. Today the median household income is 70,000 and median home price is 440,000. That's 16%. What makes this even more alarming is most households that are $70,000 are with two earners. 34% of US households are single earning. In 1950 only 12% where two income."
(edited for typos)
-redditor
What was the average square footage of a house in 1950? How many bathrooms did it have? What was the r-value of the insulation?
Let me answer those for you. 1000, 1, 0
You could build a 1950 level home today for 100K. Problem is your wife will look at it and tell you to keep renting the condo. So nobody builds houses like that anymore.
What was the average square footage of a house in 1950? How many bathrooms did it have? What was the r-value of the insulation?
Let me answer those for you. 1000, 1, 0
You could build a 1950 level home today for 100K. Problem is your wife will look at it and tell you to keep renting the condo. So nobody builds houses like that anymore.
NuttBoxer says
"In 1950 the median American home price was 7,354 and median household income was 2,970 which is 40%. Today the median household income is 70,000 and median home price is 440,000. That's 16%. What makes this even more alarming is most households that are $70,000 are with two earners. 34% of US households are single earning. In 1950 only 12% where two income."
(edited for typos)
-redditor
What was the average square footage of a house in 1950? How many bathrooms did it have? What was the r-value of the insulation?
Let me answer those for you. 1000, 1, 0
You could build a 1950 level home today for 100K. Problem is your wife will look at it and tell you to keep renting the condo. So nobody builds houses like that anymore.
Only complaint was the single bathroom
it's pretty fucking depressing to admit that your wealth is being stolen from in front of your eyes, and the system you've been told leads to prosperity, actually leads to slavery.
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https://finance.yahoo.com/news/pimco-kiesel-called-housing-top-160339396.html?source=patrick.net
Bond manager Mark Kiesel sold his California home in 2006, when he presciently predicted the housing bubble would pop. He bought again in 2012, after U.S. prices fell more than 30% and found a floor.
Now, after a record surge in prices, Kiesel says the time to sell is once again at hand.