100 millions bling bling
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something interesting - if you bought stock at the worst possible time - the DAY before the 1929 stock market crash- and diversified it across the top 200 companies ten years later you STILL would have received the equivalant of about 8% annual compounded growth on your money.
year to year it's risky, but over 10 and 20 year periods the stock market is very safe if properly diversified.
what does that mean for large sums - well wihdrawing a set PERCENTAGE of the total every year - not a set amount - will maintain your wealth and allow you to continue to outpace inflation.
long term inflation is 3-4% - assuming 8-9% on a WELL diversifed equity only portfolio, that means that a million cash withdrawing about 6-7 % will provide about $65,000 a year income adjusted to inflation every year for life - with some flucation up and down on the year depending on how good or bad the year was.
what does that mean - a lot more money than I was hoping to put away - in other words more work for longer till i retireThis dog, is dog, a dog, good dog, way dog, to dog, keep dog, an dog, idiot dog, busy dog, for dog, 20 dog, seconds dog!
Now read without the word dog.Comment
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are there really places where you can get a house for 10k with 8 bedrooms??
i have never heard of anything this cheap before, maybe im not understanding it right?Comment
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That's an erroneous statement. You can lose your shirt in real estate just like anything else if you don't know what you're doing.Originally posted by ajpiii
Real Estate... Cant loose money in Real Estate.
I have one friend who bought 24 rental home properties. She thought it would be a breeze to find tentants. Well it wasn't as easy as she thought and she had some nightmare tenants in one that played every game in the book to stay in the house without paying. Others messed up her homes bad. Some of the homes she bought had roof problems. It was one thing after another and she's just about at the belly up point now where the bank is about to foreclose on a bunch of her properties. She just didn't plan her cash flow well.
I lost $500,000 myself in a real estate deal that went south.
So don't ever think real estate is a sure thing.
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The real secret to maintaining it is to keep working.
When I was younger and tried the semi retirement thing, I started doing diversified investing and the returns sucked in comparison to what I could have done with that capital by just plowing back into businesses I knew and was good at.
I've never been able to find anyone who could make me a return better than I could do on my own endeavors. Not a single one. If you would like to develop your domains, you can lease inexpensive foreign labor
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Originally posted by shermsshack
This is a great questions. I feel the key to keeping the nestegg growing is having sound financial advice that points you in the right direction in regards to investments. Just like porn, having your money spread out among a few ventures is a smart thing. If all is put in Real Estate or Day Trading, you may end up losing what was once a great amount.
Also, making sure you always have good solid legal and tax advice will give you a lot les headaches. Regardless of what you invest in though, make sure YOU have knowledge to make smart decisions, and just use those behind you to double check your decisions.
Well put.
Hire the right CFP (Certified Financial Planner or Firm) to work with the right law firm. The single biggest problem is picking the right people to help manage the cash. Actually the list is longer. You need more than one attorney. Estate planning is one, tax is another along with that CFP and CPA.
Oh, a mil? not that much anyway these days. We just spent all that money on staff.Comment
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very true. i'm still looking, and i doubt i'll ever find it.Originally posted by KRL
I've never been able to find anyone who could make me a return better than I could do on my own endeavors. Not a single one.we'll miss you our friend. RIPComment
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Investing in property is a must if you are in a high income earner. The government is basically paying you to invest! Plus with property you can leverage to the fuckhouse and have nothing come out of your pockets after rental yield and tax benifits.
If you had 1mil to invest the banks will lend you at least another 4 million keeping LoanValueRatio at 20% Even if the property market has a shit year and capital growth is only 3%, you have still made $150,000 in equity...put that same million in the bank at 5% you have only made $50,000 and then they will tax half of that.
Property is very forgiving over time...you have to look at it as a 10-30 year investment. Not sure about Canada or US but in AU the average capital growth for residential property has been 12% PA over the past 100 years.Comment
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wise words - VERY wise wordsOriginally posted by KRL
I've never been able to find anyone who could make me a return better than I could do on my own endeavors. Not a single one.This dog, is dog, a dog, good dog, way dog, to dog, keep dog, an dog, idiot dog, busy dog, for dog, 20 dog, seconds dog!
Now read without the word dog.Comment
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Buy multi-residential properties with cash flows. You can't loose.Comment
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Invest...save...invest...and save some more. Pretty solid investments that gives atleast annual 50% ROI are:
http://www.superfund.com/ Trades
http://www.investforclosures.com/ Real Estates
The rich keep getting richer.Comment
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?Life is like highschool with money.? -Frank Zappa
AmenComment
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just buy candy for the moneyComment
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We did 80%+ last year on the stock market last year with 10% max risk. The average person does not understand how easy this is and cannot comprehend numbers like this due to the fact that we are all fed financial bullshit all day. There are low risks traders doing 200%+
If you want some info on a hedge fund that will return 50%+ hit me up.Comment
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Sorry, above post about Hedge Funds was from me. Just registered for a mate and it didnt log me out. If you got any questions let me know.Comment
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some thing are not meant to last.....Comment
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"Kinky is using a feather — Perverted is using the whole chicken" www.420SexShop.comComment
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