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Re: All investment professionals
[Re: Buzzsaw]
#7905035
07/18/20 10:35 PM
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Joined: Aug 2008
Posts: 14,955
don k
THF Celebrity
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THF Celebrity
Joined: Aug 2008
Posts: 14,955 |
Put your money in land. It may stagnate for a year or so but unless you get really goofy on your purchase it will always go up.
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Re: All investment professionals
[Re: Sniper John]
#7905038
07/18/20 10:40 PM
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Joined: Apr 2007
Posts: 60,541
BOBO the Clown
kind of a big deal
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kind of a big deal
Joined: Apr 2007
Posts: 60,541 |
I was buying the whole way down. I am better off now than I was in January. Me too. That is exactly what I did. Bought Tech Blue Chips in March all the way down including rebalancing all my other stock holdings into index and sector funds to be safer going forward. My portfolio right now is at it's all time high and I have 30% back in cash to trade with until the next really big dip or crash. Unless one is retired and relying on the income or really close to it, just stay in market through these events. Be well diversified. Re balance holdings often. And though months like march look really scary on the retirement account statements, see it as an opportunity to increase your weekly monthly investing as much as possible while the market is down. As for what would normally be the bond portion of my portfolio, I instead had put that money into dividend aristocrats being blue chip stocks that did not cut dividends during the 2008 crash. As already talked about. Your investments have to beat that around 1.40% yearly inflation rate or your really just falling behind. I thought I over bought, hindsight should of Taken out home equity loan on my house, sold both cars, took at signature loan against land and put it all in. I shouldn’t complain. I made out like a bandit, and now I get to suffer some taxes on half a sold out @ 150% profit
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Re: All investment professionals
[Re: Pitchfork Predator]
#7905051
07/18/20 10:54 PM
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Joined: Jul 2019
Posts: 14,268
Hudbone
THF Celebrity
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THF Celebrity
Joined: Jul 2019
Posts: 14,268 |
Been on three mule deer hunts, paid full price, never shot And paid every penny I owed with full pleasure. It was discretionary income. There is a difference. For people who think before investing it’s almost always discretionary income, so explain the difference...... Plain and simple, we don't invest with discretionary income and yes, we do think when making investments. Mule deer hunting was always arranged with discretionary income and after investing. It's an invest in yourself first regimen.
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Re: All investment professionals
[Re: Hudbone]
#7905224
07/19/20 02:03 AM
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Joined: Jan 2013
Posts: 19,663
Pitchfork Predator
THF Celebrity
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THF Celebrity
Joined: Jan 2013
Posts: 19,663 |
Been on three mule deer hunts, paid full price, never shot And paid every penny I owed with full pleasure. It was discretionary income. There is a difference. For people who think before investing it’s almost always discretionary income, so explain the difference...... Plain and simple, we don't invest with discretionary income and yes, we do think when making investments. Mule deer hunting was always arranged with discretionary income and after investing. It's an invest in yourself first regimen. Plain and simple......income you don’t use for expenses IS discretionary income......unless your investing with inheritance or gift......it’s discretionary or disposable take your pick it means the same.....unless you don’t invest period.....
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Re: All investment professionals
[Re: don k]
#7905321
07/19/20 05:20 AM
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Joined: Aug 2004
Posts: 17,721
Txduckman
THF Celebrity
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THF Celebrity
Joined: Aug 2004
Posts: 17,721 |
Put your money in land. It may stagnate for a year or so but unless you get really goofy on your purchase it will always go up. That should just be a portion of your investments. You kinda have to unload it to get money and then you can't use it anymore if you bought it to hunt. You buy the right stocks you could buy plenty of land.
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Re: All investment professionals
[Re: Txduckman]
#7905346
07/19/20 08:18 AM
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Joined: Aug 2009
Posts: 22,716
BigPig
THF Celebrity
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THF Celebrity
Joined: Aug 2009
Posts: 22,716 |
Put your money in land. It may stagnate for a year or so but unless you get really goofy on your purchase it will always go up. That should just be a portion of your investments. You kinda have to unload it to get money and then you can't use it anymore if you bought it to hunt. You buy the right stocks you could buy plenty of land. IMO unless that land is making you money every month, then it’s generally a bad investment for most people. If you buy a piece of land for, example $200,000, and just sit on it, unless you paid cash for it, then it’s costing you way more than it will make you. $200,000 with 20% down, finance $160,000 for 20 years at 6% interest, assume you get ag tax break and taxes are say $100 a year, that land is going to cost you $1238.00 a month, or a total of $337,109.00. Do you think that land is going to gain enough value to pay you back and make money for you?
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Re: All investment professionals
[Re: Buzzsaw]
#7905369
07/19/20 11:24 AM
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Joined: Oct 2012
Posts: 25,336
Creekrunner
THF Celebrity
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THF Celebrity
Joined: Oct 2012
Posts: 25,336 |
If you are gonna add real estate to your portfolio, now and the next few months seem like a good time to do it. But I've seen, and experienced people getting carried away with real estate.
My grandfather, for one, believed real estate was the only good investment. He made some fantastic decisions and also some very silly decisions. I've spent a good portion of my adult life untangling and simplifying a very convoluted mess. Keep it simple. And income producing is best, IF you have the time and interest in messing with it.
Again, I'm NOT an investment professional, I didn't sleep at Holiday Inn last night, and this is an internet hunting forum.
...and have dominion over the fish of the sea, and over the fowl of the air, and over every living thing that moveth upon the earth. Gen. 1:28
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Re: All investment professionals
[Re: BigPig]
#7905375
07/19/20 11:59 AM
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Joined: Aug 2008
Posts: 14,955
don k
THF Celebrity
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THF Celebrity
Joined: Aug 2008
Posts: 14,955 |
Put your money in land. It may stagnate for a year or so but unless you get really goofy on your purchase it will always go up. That should just be a portion of your investments. You kinda have to unload it to get money and then you can't use it anymore if you bought it to hunt. You buy the right stocks you could buy plenty of land. IMO unless that land is making you money every month, then it’s generally a bad investment for most people. If you buy a piece of land for, example $200,000, and just sit on it, unless you paid cash for it, then it’s costing you way more than it will make you. $200,000 with 20% down, finance $160,000 for 20 years at 6% interest, assume you get ag tax break and taxes are say $100 a year, that land is going to cost you $1238.00 a month, or a total of $337,109.00. Do you think that land is going to gain enough value to pay you back and make money for you? If you buy stocks you don't borrow the money to purchase them. It is the same with land. If you are planning on flipping it you shouldn't be financing it.
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Re: All investment professionals
[Re: Pitchfork Predator]
#7905411
07/19/20 01:33 PM
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Joined: Jul 2019
Posts: 14,268
Hudbone
THF Celebrity
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THF Celebrity
Joined: Jul 2019
Posts: 14,268 |
Been on three mule deer hunts, paid full price, never shot And paid every penny I owed with full pleasure. It was discretionary income. There is a difference. For people who think before investing it’s almost always discretionary income, so explain the difference...... Plain and simple, we don't invest with discretionary income and yes, we do think when making investments. Mule deer hunting was always arranged with discretionary income and after investing. It's an invest in yourself first regimen. Plain and simple......income you don’t use for expenses IS discretionary income......unless your investing with inheritance or gift......it’s discretionary or disposable take your pick it means the same.....unless you don’t invest period..... My definition may not be in the dictionary but it has worked well for me. if preparing for the future is not mandatory, you'd better prepared for a home run or someone else to take care of you. That ain't happening here.
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Re: All investment professionals
[Re: BigPig]
#7905562
07/19/20 04:43 PM
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Joined: Aug 2012
Posts: 15,579
TexFlip
THF Celebrity
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THF Celebrity
Joined: Aug 2012
Posts: 15,579 |
Put your money in land. It may stagnate for a year or so but unless you get really goofy on your purchase it will always go up. That should just be a portion of your investments. You kinda have to unload it to get money and then you can't use it anymore if you bought it to hunt. You buy the right stocks you could buy plenty of land. IMO unless that land is making you money every month, then it’s generally a bad investment for most people. If you buy a piece of land for, example $200,000, and just sit on it, unless you paid cash for it, then it’s costing you way more than it will make you. $200,000 with 20% down, finance $160,000 for 20 years at 6% interest, assume you get ag tax break and taxes are say $100 a year, that land is going to cost you $1238.00 a month, or a total of $337,109.00. Do you think that land is going to gain enough value to pay you back and make money for you? A realtor saying land is a bad investment. Not very ABC of you.
Just to make sure that it is done thoroughly, I go both ways.
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Re: All investment professionals
[Re: TexFlip]
#7905591
07/19/20 05:17 PM
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Joined: Aug 2008
Posts: 14,955
don k
THF Celebrity
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THF Celebrity
Joined: Aug 2008
Posts: 14,955 |
You know what opinions are like right? Some realtors remind me of used car salesmen. Not all of them but some.
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Re: All investment professionals
[Re: BigPig]
#7905606
07/19/20 05:40 PM
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Joined: Apr 2007
Posts: 60,541
BOBO the Clown
kind of a big deal
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kind of a big deal
Joined: Apr 2007
Posts: 60,541 |
Put your money in land. It may stagnate for a year or so but unless you get really goofy on your purchase it will always go up. That should just be a portion of your investments. You kinda have to unload it to get money and then you can't use it anymore if you bought it to hunt. You buy the right stocks you could buy plenty of land. IMO unless that land is making you money every month, then it’s generally a bad investment for most people. If you buy a piece of land for, example $200,000, and just sit on it, unless you paid cash for it, then it’s costing you way more than it will make you. $200,000 with 20% down, finance $160,000 for 20 years at 6% interest, assume you get ag tax break and taxes are say $100 a year, that land is going to cost you $1238.00 a month, or a total of $337,109.00. Do you think that land is going to gain enough value to pay you back and make money for you? Is no different then any other investment. It’s about Entry point/value and exist point/value. Interest part is not ever a considered in this specific context because, it’s investment land money vs invested in market. No borrowing. If we are borrowing then you would have to add in your margin interest on the security side... One has to decide if your time value of money and risk is better suited in land vs market vs any investment. My best friend is about to triple his money via a land purchase made 8 years ago. I don’t have one piece of land I own that hasn’t atleast double in value since buying it in an 8 year time span. I’m also heavily invested in market securities and residential real estate. It’s risk vs potential return... that simple
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Re: All investment professionals
[Re: Txduckman]
#7905610
07/19/20 05:45 PM
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Joined: Apr 2007
Posts: 60,541
BOBO the Clown
kind of a big deal
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kind of a big deal
Joined: Apr 2007
Posts: 60,541 |
Put your money in land. It may stagnate for a year or so but unless you get really goofy on your purchase it will always go up. That should just be a portion of your investments. You kinda have to unload it to get money and then you can't use it anymore if you bought it to hunt. You buy the right stocks you could buy plenty of land. You buy the right land you can buy all stocks you want too.... Circular argument. No right or wrong except as you mentioned diversity is safer
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Re: All investment professionals
[Re: Buzzsaw]
#7905623
07/19/20 06:03 PM
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Joined: Jun 2015
Posts: 5,942
Jgraider
THF Trophy Hunter
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THF Trophy Hunter
Joined: Jun 2015
Posts: 5,942 |
You could take as survey of the 500 richest people in America, and not counting inheritance, virtually none of them made their fortune investing in the stock market. Real money is made in real estate, business, etc, not Wall Street.
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Re: All investment professionals
[Re: Jgraider]
#7905635
07/19/20 06:19 PM
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Joined: Apr 2007
Posts: 60,541
BOBO the Clown
kind of a big deal
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kind of a big deal
Joined: Apr 2007
Posts: 60,541 |
You could take as survey of the 500 richest people in America, and not counting inheritance, virtually none of them made their fortune investing in the stock market. Real money is made in real estate, business, etc, not Wall Street. Easy now, next your going to tell us big ROI’s, take years
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Re: All investment professionals
[Re: BOBO the Clown]
#7905689
07/19/20 07:32 PM
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Joined: Aug 2009
Posts: 22,716
BigPig
THF Celebrity
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THF Celebrity
Joined: Aug 2009
Posts: 22,716 |
Put your money in land. It may stagnate for a year or so but unless you get really goofy on your purchase it will always go up. That should just be a portion of your investments. You kinda have to unload it to get money and then you can't use it anymore if you bought it to hunt. You buy the right stocks you could buy plenty of land. IMO unless that land is making you money every month, then it’s generally a bad investment for most people. If you buy a piece of land for, example $200,000, and just sit on it, unless you paid cash for it, then it’s costing you way more than it will make you. $200,000 with 20% down, finance $160,000 for 20 years at 6% interest, assume you get ag tax break and taxes are say $100 a year, that land is going to cost you $1238.00 a month, or a total of $337,109.00. Do you think that land is going to gain enough value to pay you back and make money for you? Is no different then any other investment. It’s about Entry point/value and exist point/value. Interest part is not ever a considered in this specific context because, it’s investment land money vs invested in market. No borrowing. If we are borrowing then you would have to add in your margin interest on the security side... One has to decide if your time value of money and risk is better suited in land vs market vs any investment. My best friend is about to triple his money via a land purchase made 8 years ago. I don’t have one piece of land I own that hasn’t atleast double in value since buying it in an 8 year time span. I’m also heavily invested in market securities and residential real estate. It’s risk vs potential return... that simple If you can pay cash, or use the land as income generating, or can buy it in an area where the market is moving like you did, then yes it absolutely can be a great investment. A lot of people run around with the notion that they aren’t making anymore land so that’s what I need to buy when there are other real estate options that are better suited and will/can create passive income. Most people that have made millions on real estate didn’t do it via just a land purchase where they bought and sat on it.
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Re: All investment professionals
[Re: BOBO the Clown]
#7905700
07/19/20 07:47 PM
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Joined: Jun 2015
Posts: 5,942
Jgraider
THF Trophy Hunter
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THF Trophy Hunter
Joined: Jun 2015
Posts: 5,942 |
You could take as survey of the 500 richest people in America, and not counting inheritance, virtually none of them made their fortune investing in the stock market. Real money is made in real estate, business, etc, not Wall Street. Easy now, next your going to tell us big ROI’s, take years Ha, you'll never, ever hear those words out of my mouth I promise.
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Re: All investment professionals
[Re: Jgraider]
#7905712
07/19/20 07:59 PM
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Joined: Jan 2012
Posts: 29,167
TXHOGSLAYER
THF Celebrity
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THF Celebrity
Joined: Jan 2012
Posts: 29,167 |
You could take as survey of the 500 richest people in America, and not counting inheritance, virtually none of them made their fortune investing in the stock market. Real money is made in real estate, business, etc, not Wall Street. Hardly. A quick look at the top 100 of Forbes top 400 shows only 4 made their money in real estate, the vast majority made their money in business. Making money in business usually entails taking a company public and cashing in on the stock. You know, on Wall St. Many more made their fortunes in hedge funds and Investing, not in real estate. I would submit that it if you surveyed all millionaires the majority would say that matching 401k, stock options or the stock market is how they got there. Forbes top 400
LETS GO BRANDON
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Re: All investment professionals
[Re: Buzzsaw]
#7905731
07/19/20 08:22 PM
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Joined: Jun 2011
Posts: 34,029
Buzzsaw
OP
THF Celebrity
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OP
THF Celebrity
Joined: Jun 2011
Posts: 34,029 |
made back 3k since i posted this
SPACE FOR RENT
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Re: All investment professionals
[Re: Buzzsaw]
#7905750
07/19/20 08:37 PM
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Joined: Jan 2012
Posts: 29,167
TXHOGSLAYER
THF Celebrity
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THF Celebrity
Joined: Jan 2012
Posts: 29,167 |
made back 3k since i posted this So you were just being chicken little again?
LETS GO BRANDON
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Re: All investment professionals
[Re: TXHOGSLAYER]
#7905792
07/19/20 09:13 PM
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Joined: Jun 2015
Posts: 5,942
Jgraider
THF Trophy Hunter
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THF Trophy Hunter
Joined: Jun 2015
Posts: 5,942 |
You could take as survey of the 500 richest people in America, and not counting inheritance, virtually none of them made their fortune investing in the stock market. Real money is made in real estate, business, etc, not Wall Street. Hardly. A quick look at the top 100 of Forbes top 400 shows only 4 made their money in real estate, the vast majority made their money in business. Making money in business usually entails taking a company public and cashing in on the stock. You know, on Wall St. Many more made their fortunes in hedge funds and Investing, not in real estate. I would submit that it if you surveyed all millionaires the majority would say that matching 401k, stock options or the stock market is how they got there. Forbes top 400I specifically said "richest people in America", not just a millionaire. It's not near as far fetched to be a millionaire in America anymore as it used to be. I agree on business being the likely avenue, not the stock market though. My buddy started his horizontal pump company in 2012 with an initial investment of $500k, and sold it 3 years later for $19M.
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Re: All investment professionals
[Re: Jgraider]
#7905814
07/19/20 09:31 PM
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Joined: Jan 2012
Posts: 29,167
TXHOGSLAYER
THF Celebrity
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THF Celebrity
Joined: Jan 2012
Posts: 29,167 |
You could take as survey of the 500 richest people in America, and not counting inheritance, virtually none of them made their fortune investing in the stock market. Real money is made in real estate, business, etc, not Wall Street. Hardly. A quick look at the top 100 of Forbes top 400 shows only 4 made their money in real estate, the vast majority made their money in business. Making money in business usually entails taking a company public and cashing in on the stock. You know, on Wall St. Many more made their fortunes in hedge funds and Investing, not in real estate. I would submit that it if you surveyed all millionaires the majority would say that matching 401k, stock options or the stock market is how they got there. Forbes top 400I specifically said "richest people in America", not just a millionaire. It's not near as far fetched to be a millionaire in America anymore as it used to be. I agree on business being the likely avenue, not the stock market though. My buddy started his horizontal pump company in 2012 with an initial investment of $500k, and sold it 3 years later for $19M. I know what exactly you said. And of the top 100 richest people in America, only 4 were from real estate. Just like I wrote. The first at #32. And while your friend did great, I would submit that he and others like him are a very small percentage of total millionaires.
LETS GO BRANDON
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Re: All investment professionals
[Re: BigPig]
#7905822
07/19/20 09:37 PM
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Joined: Apr 2007
Posts: 60,541
BOBO the Clown
kind of a big deal
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kind of a big deal
Joined: Apr 2007
Posts: 60,541 |
If you can pay cash, or use the land as income generating, or can buy it in an area where the market is moving like you did, then yes it absolutely can be a great investment.
A lot of people run around with the notion that they aren’t making anymore land so that’s what I need to buy when there are other real estate options that are better suited and will/can create passive income.
Most people that have made millions on real estate didn’t do it via just a land purchase where they bought and sat on it.
How else do you make millions off an investment if you didn’t invest in it? It’s exactly how people make millions off an investment, they bought it first and then sold it when their exit plan matured to their satisfaction, now did they get their initial investment from land most likely not, most get the investment money from accrued savings of income. Paying cash for land is very similar to investing in a non dividend stock or fund. If that land has income generation, wind, subsurface minerals, or lease/use income then it pays a dividend. For this I’m talking straight growth no dividends. Straight cash investment. Lots of people buy land strictly for capital appreciation. One of my friends was the largest Homebuilder in NM for a time, he ended up making similar money buying land and selling it to other home builders like DRH, then developing it, w/70% less risk. Buying land to sell based off appreciation, is a HUGE wealth building too. Dillard’s is a perfect example, are they a clothing retailer and/or a real estate company? They are essentially a real estate land speculation company that uses retail as their dividend For every example I put up I’m sure there is someone that hasn’t done well on a land purchase and sale, but just like stock market exit timing, the question begs what was the total investment time and why did was it sold at that time. If you bought stock from March to June, you look like a God. Sept last year not so much. Like I said originally, any investment is based on entrance value/timing, exit value timing and risk. Typically land doesn’t go bankrupt, or have a catastrophic failure. No wrong or right. Just time
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Re: All investment professionals
[Re: TXHOGSLAYER]
#7905835
07/19/20 09:53 PM
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Joined: Jun 2015
Posts: 5,942
Jgraider
THF Trophy Hunter
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THF Trophy Hunter
Joined: Jun 2015
Posts: 5,942 |
I know what exactly you said. And of the top 100 richest people in America, only 4 were from real estate. Just like I wrote. The first at #32.
And while your friend did great, I would submit that he and others like him are a very small percentage of total millionaires.
How many from business, as I also mentioned?
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Re: All investment professionals
[Re: Buzzsaw]
#7905897
07/19/20 10:30 PM
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Joined: Aug 2012
Posts: 15,579
TexFlip
THF Celebrity
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THF Celebrity
Joined: Aug 2012
Posts: 15,579 |
Buy acreage in an area where subdivision size lots are in demand. Sub-divide acreage into subdivision size lots. Sell those lots. Repeat. Be it 10k acres cut into 500 acre lots of 10 acres cut into 1/2 acre lots; the formula works. Start small, it takes cash.
Just to make sure that it is done thoroughly, I go both ways.
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