Real World v Online Business
I was listening to a Warren Buffet interview some time back and he was talking about how when he had started out, he was investing with the goal of a 20% return on investment. That was his basic plan no matter what he invested in, or on. Which sounds realistic.
In passing, people over the years have asked what I do online to make money, and sometimes I tell them, and sometimes not depending on level of rapport. I had one guy (who owns a bunch of real estate, car washes, stocks and has been doing investments for some 20+ years) told me.... "listen kid, stick to the internet. You will never get returns like you do for your investment of time and money in the real world".
For those who have a lot of diverse investments, what would you say your R.O.I. in real world, versus online, breaks down by comparison? It seems that 12-20% a year is the average for an moderate risk, offline investment.
In passing, people over the years have asked what I do online to make money, and sometimes I tell them, and sometimes not depending on level of rapport. I had one guy (who owns a bunch of real estate, car washes, stocks and has been doing investments for some 20+ years) told me.... "listen kid, stick to the internet. You will never get returns like you do for your investment of time and money in the real world".
For those who have a lot of diverse investments, what would you say your R.O.I. in real world, versus online, breaks down by comparison? It seems that 12-20% a year is the average for an moderate risk, offline investment.
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