How do you all set up your investing?

[ViShawn]

I was answering OP's question about his IRAs I really have no clue why you quoted me with all this nonsense about high risk investment

Smart investors minimize risk, I work at a major financial institution and player in the housing market and the entire company is based around it's ability to minimize risk. You can talk about high risk investments as much as you want but that's a fools game, startups fail all the time. You're not gonna stumble across the next Uber without a lifetimes worth of luck.

You remember 2008, I'm sure you know what that did to real estate. Great time to buy but if you were invested you probably are only just now recovering after many years.

Would you say that very few people actually "beat'" the market? I know IRAs and 401k are not high risk by any means but you can see a good amount of growth.

Also when I have more capital I'd like to do more blending of my investments.

 

[Rymas]

Would you say that very few people actually "beat'" the market? I know IRAs and 401k are not high risk by any means but you can see a good amount of growth.

Also when I have more capital I'd like to do more blending of my investments.

Do you own your own home I'd say that's the first place to look to put some money are you in a position where you plan to live in your existing location for a few years?

 

[KillerB88]

I was answering OP's question about his IRAs I really have no clue why you quoted me with all this nonsense about high risk investment

Smart investors minimize risk, I work at a major financial institution and player in the housing market and the entire company is based around it's ability to minimize risk. You can talk about high risk investments as much as you want but that's a fools game, startups fail all the time. You're not gonna stumble across the next Uber without a lifetimes worth of luck.

You remember 2008, I'm sure you know what that did to real estate. Great time to buy but if you were invested you probably are only just now recovering after many years.

And those individuals have seen the value of that real estate surpass pre-recession levels. Only properties in black communities have yet to bounce back. This is a major issue in PG County right now. I never attacked you brother. I offered an alternative point of view. And minimizing risk isn't indicative of a "smart" investor. You also just acknowledge you work for a large financial institution, therefore you get your salary collecting fees by convincing people like the OP to use your financial instruments; so obviously you're going to be slightly biased.

I quoted you accidentally by the way. I was on mobile. Slippery fingers lol.

 

[KillerB88]

I was answering OP's question about his IRAs I really have no clue why you quoted me with all this nonsense about high risk investment

Smart investors minimize risk, I work at a major financial institution and player in the housing market and the entire company is based around it's ability to minimize risk. You can talk about high risk investments as much as you want but that's a fools game, startups fail all the time. You're not gonna stumble across the next Uber without a lifetimes worth of luck.

You remember 2008, I'm sure you know what that did to real estate. Great time to buy but if you were invested you probably are only just now recovering after many years.

Also, when I say find companies when they're just kicking off, I'm not suggesting that everyone will find an Uber. Uber isn't even making any money. They're solidly in the red and desperately trying to figure out how to become profitable. There are a lot of companies with a B2B model in tech you've never heard of. They're making money hand over fist. I live in LA. A truly nice home is going to run 2M+ Look at NYC, SF, Miami, DC, etc. Lol you think the people buying those home ALL have money in an Uber? No.

Take my company for instance. I have a current user base just of 130K. My service is $35 a month. You do the math. I hope to increase that to 500k by year's end. My potential user base could be as many as 3M+ when it's all said and done.

 

[Rymas]

And those individuals have seen the value of that real estate surpass pre-recession levels. Only properties in black communities have yet to bounce back. This is a major issue in PG County right now. I never attacked you brother. I offered an alternative point of view. And minimizing risk isn't indicative of a "smart" investor. You also just acknowledge you work for a large financial institution, therefore you get your salary collecting fees by convincing people like the OP to use your financial instruments; so obviously you're going to be slightly biased.

They've seen it only do so now years after, meanwhile those that weren't invested in real estate at the time took advantage and purchased real estate and are seeing even greater returns, you have to remember the opportunity cost of the time you spent waiting for your investment to recover and frankly based on the time it took for the housing market to recover (which btw, interest rates are only so low because the government is protecting the secondary housing market, the Trump administration plans to remove this which will result in higher interest rates and therefore drive buyers away from the market and cause housing prices to fall) you could've done better off in a more stable investment. What I'm saying is right now is literally the worst time to invest into real estate unless you are getting a mortgage for your own personal home

 

[KillerB88]

They've seen it only do so now years after, meanwhile those that weren't invested in real estate at the time took advantage and purchased real estate and are seeing even greater returns, you have to remember the opportunity cost of the time you spent waiting for your investment to recover and frankly based on the time it took for the housing market to recover (which btw, interest rates are only so low because the government is protecting the secondary housing market, the Trump administration plans to remove this which will result in higher interest rates and therefore drive buyers away from the market and cause housing prices to fall) you could've done better off in a more stable investment. What I'm saying is right now is literally the worst time to invest into real estate unless you are getting a mortgage for your own personal home

But the more stable investments you're referencing also took a big hit. This is all relative though. When I think about buying property, I'm thinking buying in cash. The cost of the money is meaningless. However, I suppose that only matters if you're in a position to accrue that kind of liquidity. There's nothing wrong with what either one of us is saying. I just thought OP would like a different perspective depending on what his long/short-term goals might be.

 

[KillerB88]

They've seen it only do so now years after, meanwhile those that weren't invested in real estate at the time took advantage and purchased real estate and are seeing even greater returns, you have to remember the opportunity cost of the time you spent waiting for your investment to recover and frankly based on the time it took for the housing market to recover (which btw, interest rates are only so low because the government is protecting the secondary housing market, the Trump administration plans to remove this which will result in higher interest rates and therefore drive buyers away from the market and cause housing prices to fall) you could've done better off in a more stable investment. What I'm saying is right now is literally the worst time to invest into real estate unless you are getting a mortgage for your own personal home

Just as an aside, you're right about the inflated price of real estate right now. Prices bounced back and sellers took it to a whole other level. In LA there is a huge supply of homes sitting because sellers think their home is worth "X" when buyers are only willing to pay "Y". I'm in a coastal city, not sure what the climate is for someone in the midwest, south, etc.

 

[Rymas]

But the more stable investments you're referencing also took a big hit. This is all relative though. When I think about buying property, I'm thinking buying in cash. The cost of the money is meaningless. However, I suppose that only matters if you're in a position to accrue that kind of liquidity. There's nothing wrong with what either one of us is saying. I just thought OP would like a different perspective depending on what his long/short-term goals might be.

Alright, whatever, I hope OP got something good from this

 

[KillerB88]

Alright, whatever, I hope OP got something good from this

Why do you seem bitter? We're just bouncing strategies around. In the end, you're only wrong if you lose money.

 

[Rymas]

Why do you seem bitter? We're just bouncing strategies around. In the end, you're only wrong if you lose money.

? Idk what you're talking about go talk to your dad bruh

 

[MillionMills]

I'm self employed, so my investment strategy is a bit different. But 401ks, buying and holding stock, etc. is not real investing. When you do this kind of "investing" your money is at the mercy of other people's decision making. How many people saw their 401ks wiped out in 2008? You should always have some modicum of real control over your money.

Just remember, every time you use one of these financial instruments someone somewhere is collecting a fee or seeing their coffers bolstered so some white man can make millions more. Even "buying stocks" is a waste. Unless you're buying blocks of shares in the thousands you're not seeing any real growth.

You're "investing" but you're taxed the minute you need access to these funds, and that money in the grand scheme of things will be meager. Compounding interest be damned. Real investing means assuming risk. Get out in your city and mingle with people STARTING companies. Determine how much exposure you're willing to endure and learn how to get in on the ground floor. The real money is made before you've even heard of a company's name.

And finally, REAL ESTATE. Buy some. My company has a SaaS structure with little overhead. My liquidity is high. I'm in LA but I linked up with my best friend back home in Atlanta. We're starting a property development outfit. Buying up older apartment buildings in midtown, jazzing them up to something the average man can afford and renting them. Nice potential source of passive income. We plan to hire someone to manage the properties so we can focus on our passions. Eventually we'd like to move to larger scale developments in the downtown area. The pending sale of Underground Atlanta will lead to a boom in DTATL and I want to get in before these white people snatch up the prime properties near the train station.

Are you buying in LA? I'm a realtor

 

[4-Rin]

They've seen it only do so now years after, meanwhile those that weren't invested in real estate at the time took advantage and purchased real estate and are seeing even greater returns, you have to remember the opportunity cost of the time you spent waiting for your investment to recover and frankly based on the time it took for the housing market to recover (which btw, interest rates are only so low because the government is protecting the secondary housing market, the Trump administration plans to remove this which will result in higher interest rates and therefore drive buyers away from the market and cause housing prices to fall) you could've done better off in a more stable investment. What I'm saying is right now is literally the worst time to invest into real estate unless you are getting a mortgage for your own personal home

Housing costs are expected to fall under Trump?
I might finally be able to afford a crib out here
Rent alone takes 42% of my take home not counting my other monthly expenses

Salute to all the brehs in here dropping knowledge. It's inspirational

 

[acri1]

*subs*

I really need to figure this shyt out myself. Got like 40k just sitting in a savings account doing nothing because I'm risk-averse and not sure what to do with it.


Unfortunately when you grow up in the hood your parents don't really know/teach you anything about finance other than to try to save some money in case you lose your job.

 

[KillerB88]

*subs*

I really need to figure this shyt out myself. Got like 40k just sitting in a savings account doing nothing because I'm risk-averse and not sure what to do with it.


Unfortunately when you grow up in the hood your parents don't really know/teach you anything about finance other than to try to save some money in case you lose your job.

Lol the sad thing is that they don't actually teach you anything, they just say it. And you probably spent most of your childhood watching them do the complete opposite.

 

[milli vand]

Lots of good ideas in here. Don't put all your money locked away in traditional financial instruments, anothet collapse is definitely on the way. I would recommend strategic land investments like was suggested in here as well as take a look at crypto I think that's the future and where the market infrustructure is headed also.

Also if you're blk might be wise to look at investing in areas where you can actually protect your investment, that same infrustructure that works for them won't necessarily work for us if they decide to pull the plug. Lastly look at alternate fiat currencies the pound and euro even yen just to hedge a bit. And a little in precious metals. I'm bullish on crypto and agriculture. And remember group economics is a winning strat. Soon it won't matter what you have if you dont have the man power to keep and protect it.