How Do YOU Invest Your IM Income?
- Thread starter Spliffic
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I love you baby, but we were talking about franchises
I think I will start a Geekcognitio Whore Fund so you can get those rocks off
IMO it depends on what you're investment goals are. If you're nearing retirement and you just want to keep your money safe, earn a little bit over inflation, then REITs and mutual funds are good.
But if you're young and you want big returns so you can compound it through the rest of your life, I don't really think you'd be happy with these options.
But like I was saying in #cakes, its just different strokes.
i think you'd find many a speculator who would give anything to have a 1% return on all the shit they lost over the past couple years.
The initial conversation was about businesses. Somehow franchises got thrown into that.
Oh, heyyyy! Funny guy! Yuk! Yuk! Yuk!
bud-dud-*crash*
People who invest and carry debt are idiots. If you are making 5% at medium risk, and paying 4% (which means no risk to your creditor), then you're taking a lot of risk for 1%.
I'm constantly stunned by people who tell me they are saving up for something, when they are 5 figures in revolving credit debt.
YOU HAVE NO SAVINGS IF YOU CARRY REVOLVING DEBT.
I'm constantly stunned by people who tell me they are saving up for something, when they are 5 figures in revolving credit debt.
YOU HAVE NO SAVINGS IF YOU CARRY REVOLVING DEBT.
I would hope people already have their credit card debt paid off before making investments.
I have $ in index funds and I'm looking to buy some high income web properties.
Nothing gives me better returns than affiliate marketing. Stuff like rental properties would distract me from my core business.
Nothing gives me better returns than affiliate marketing. Stuff like rental properties would distract me from my core business.
HarveyJ
He is - THE CACTUS!
It's interesting how different countries have such different investment opportunities & pitfalls. Thanks to the tax setup, and changes about to come in, real estate here is going to be come a shit investment.
As it is, whilst I try to save my money, I tend to waste it on enjoyment, although my enjoyment does have resale value.
I buy a fair bit of pop-art and a LOT of premium wine. The wine's well kept, so I guess if I don't drink it, I can resell it later. It appreciates on average at about 10% per year... If you're going to invest in wine, Penfolds is the one to go for.
Nickycakes: Seriously man, a number of the inventions you take for granted and enjoy were invented down under. Pretty much every major innovation in the liquor industry over the last 100 years has come from Australia!
As it is, whilst I try to save my money, I tend to waste it on enjoyment, although my enjoyment does have resale value.
I buy a fair bit of pop-art and a LOT of premium wine. The wine's well kept, so I guess if I don't drink it, I can resell it later. It appreciates on average at about 10% per year... If you're going to invest in wine, Penfolds is the one to go for.
PPN - Planet Platinum Limited - Google Finance
Nickycakes: Seriously man, a number of the inventions you take for granted and enjoy were invented down under. Pretty much every major innovation in the liquor industry over the last 100 years has come from Australia!
How long have you been with her? Make sure you keep a close eye on those ties, most "private bankers" get paid based on what investment products you buy. And guess which ones have enough to pay the most commissions? The shitty ones. I used to work in this industry and many of the people were better at making people think they knew what they were doing then actually doing anything. So I hope by "tie" you mean she is getting a flat percentage of the difference between your total return and the a benchmark investment for that level of risk. So they don't get paid fat if it's a good year in the market or get nothing if it's a down year, they are getting paid based on how far they keep you ahead of whatever the market is doing.
I think this is a great idea. Investing in what you know best will very often bring you the highest return. Specially when that's very inefficient market with amazing deals to be had like high value internet properties.
I would tend to agree with you for the most part. The problem with your point of view comes when we start talking about dollar amounts.
Six or seven figures invested at 5% is hardly undermined by carrying five figures of debt, even if you're paying 5% on it.
I really don't want to spend the time doing the math, but it's simple to figure out, really. Five percent of five figures is smaller than five percent of six and especially seven figures.
I don't think most people are in my situation. And I don't think people need to be called idiots for carrying debt why putting some money away. Building the habit of saving and investing is pretty fucking hard. So even if the gains are eaten by the debt they carry, props to them for having the fortitude to save some fucking money.
Good discussion here. To address some of the assumptions above, NO I wasn't going to jump on the real estate bandwagon and start going through my local classifieds to buy an investment property just because I was told to do so in an online forum.
I think we all share the same common goal here, and that's to make money (besides fondling boobs). And a majority of all of you are making some good bank off this, so I figured you'd be doing a little more with your quid than tucking it under your mattress.
BigWill is right about franchises and I have to agree that I don't really want to "buy a job" lol. I've looked into real estate before, and is a major PITA especially when dealing with deadbeat tenants and maintaining the property itself.
Keep the ideas coming, I have some research to do on some of these great ideas.
I think we all share the same common goal here, and that's to make money (besides fondling boobs). And a majority of all of you are making some good bank off this, so I figured you'd be doing a little more with your quid than tucking it under your mattress.
BigWill is right about franchises and I have to agree that I don't really want to "buy a job" lol. I've looked into real estate before, and is a major PITA especially when dealing with deadbeat tenants and maintaining the property itself.
Keep the ideas coming, I have some research to do on some of these great ideas.
I'm talking about the two thousandaires.
You and I are on the same track to a point, but this is like congratulating someone who signed up for an Acai rebill because they are trying to lose weight.
I think most people like to spend, but not to pay off debt. It's not hard to get them to save, it's hard to get them to pay off the vacation they took 3 years ago.
Are you serious? My local supermarket sells this just a few bottles down from Yellow Tail (from what I've figured is a faux-Australian wine in color coded bottles for stupid Americans, which I like).
A report was released (ill have to dig around for the link) that basically said wineries that sell wines primarily in the $30-$40+ range are getting raped hard because of the downturn - and they are now seeing the largest increase in history, on sales of wines priced $6 and below. So maybe the Penfolds, Yellow Tail's and Barefoot's of the world arent such a bad investment after all.
Their dick's aren't as big as our's either.
Just sayin...
Also, Barefoot cab sav is a steal at $11 a 1.5 liter jug.
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