How the wealthy allocate investment

[Frank Booth]

I've been telling him for 10 years stocks are superior
He gets super butthurt
Smells like bad deals

Smells like somebody bet big into an AM-radio investment advertisement (back when those were legal) wedged between the Savage hour and Coast-to-Coast with Art Bell.

Or maybe a giant gamble on something really stupid, like "Crocs", "Pets.com" or "Speedway Motorsports". The thing is, you don't have to be "rich" to understand the math behind diversification - you just generally have to have taken Pre-Calculus at some point in High School or at least had a exposure to college level math. It's pretty damn simple - balance and re-balance among a few asset classes you understand, don't pay exorbitant fees, compound your returns, pay a lower tax rate on the Capital Gains. When you own a company, you own a slice of their profits. I'd take the combined corporate wave of Global Commerce over a few shitty subprime houses any day, but what do I know.....

It is a well-known fact that if Old Donald T. took his inheritance and just invested in a simply S&P 500 indexed fund, he would be much wealthier than he is today.

 

[The Dude]

He posted a pick of his cabin/outhouse with solar panels.
Complete with overalls
Priceless

 

[Legion Troll]

He posted a pick of his cabin/outhouse with solar panels. Complete with overalls Priceless

LOL.

 

[The Dude]

He's bald as jorden
White and frail
I'm not really ageist

 

[Legion Troll]

He's bald as jorden White and frail I'm not really ageist

Really?

 

[The Dude]

He's built like Barney fife
Though he claims ski championships
Special olympics are guess
,

 

[Legion Troll]

He's built like Barney fife
Though he claims ski championships
Special olympics are guess
,

 

[Celticguy]

Correlation does not prove causation. I know several people who made their wealth, and still generate income from, real estate. So much FAIL for Dude here.

Real estate much better.

 

[The Dude]

You two gay skydaddy lovers should get a room
Economics is not your gig

 

[canceled.2021.1]

Ila chaos
I crushed you all

Only in your own mind

 

[canceled.2021.1]

The Dude fancies himself a Warren Buffett. He is full of shit. I have done very well for myself investing in real estate. Is it work? Of course. But I am my own boss and I don't sweat the vagaries of the market as my real estate throws off income all the time.

Considering how heavily invested Topper says he is in oil, I suspect he has sustained heavy losses. Unless of course he is going to tell us he brilliantly got out at the top

 

[The Dude]

Doesn't matter what I make
Stocks double real estate
You parks employee
I'm down a couple hundred thousand in oil
Still have way over a mill

 

[canceled.2021.1]

Doesn't matter what I make
Stocks double real estate
You parks employee
I'm down a couple hundred thousand in oil
Still have way over a mill

Know something else rich people do?

They don't talk about their money.

Talking about asset prices without factoring leverage and income is a bogus argument. As I have said, I can make over 100% IRR in a real estate investment.

I have over $300 K a year in income. And shit loads of deductions that you don't get.

At the end of the day it is all about income.

 

[The Dude]

Know something else rich people do?

They don't talk about their money.

Talking about asset prices without factoring leverage and income is a bogus argument. As I have said, I can make over 100% IRR in a real estate investment.

I have over $300 K a year in income. And shit loads of deductions that you don't get.

At the end of the day it is all about income.

Lol you lower middle class maintenance engineers might not talk about money.
My sheltered income is more than your total

 

[christiefan915]

Know something else rich people do?

They don't talk about their money.

Talking about asset prices without factoring leverage and income is a bogus argument. As I have said, I can make over 100% IRR in a real estate investment.

I have over $300 K a year in income. And shit loads of deductions that you don't get.

At the end of the day it is all about income.

Toppy always says the tax code is a beautiful thing. Maybe you should challenge him to a debate in APP.

 

[The Dude]

Toppy always says the tax code is a beautiful thing. Maybe you should challenge him to a debate in APP.

I love the tax code almost like a child
When I was 20 I never knew you could shelter hundreds of thousands of income
God bless lobbyists
And I'm a secular humanist

 

[christiefan915]

I love the tax code almost like a child
When I was 20 I never knew you could shelter hundreds of thousands of years income
God bless lobbyists
And I'm a secular humanist

Lol. This should be music to his ears.

 

[The Dude]

I'm not saying the tax code is fair, it's obviously not.
But I'm loving it like a trophy wife

 

[canceled.2021.1]

Toppy always says the tax code is a beautiful thing. Maybe you should challenge him to a debate in APP.

Toppy is banned from APP

He is so full of shit. He doesn't have enough money to have "tax shelters"

A million dollars ain't shit anymore. I laugh when I hear him talk about it like it us a lot.

Personally I am very happy with my position. I am thinking about selling some properties though.

 

[The Dude]

You are the board trump slum lord
But you are bald
And I think he lets his wife blow him