/biz/ - Business & Finance

>>15094816

>>15094816

Thanks anything on general investment strategies?

>>15094816
I remember reading Native Son in school. Nigger rapes and murders a white girl, then the author spends the rest of the book painting that he dindu nuffin cuz racism n sheeeiiit.

>>15094816
Investing is easy. Focus on income & savings first.

I think the best investment vehicle is real estate for retail investors. If you buy a property for less than a comparable property, you instantly make money. Also, you have access to leverage that can't be called on if your assets drop in value.

Cant do all that with stocks. For example, if you put 20% down and buy 20% under what a property comps for, you make a 100% return on Day 1.

Now just 1031 exchange to infinity and keep doubling your initial investment every few weeks/months.

Zero to One, Peter Thiel.

>>15094982
I already got real estate sorry should have qualified - non propery investing. O know everyone says ETFs but I want to have a wider general knowledge & make myself more familiar with ideas behind investing, safeguarding/growing wealth etc, how to think about it etc

>>15094816
unironically How To Bomb The US Gov't by Sam Hyde and Charls Carroll

>>15094934

I had to read Roots in 10th grade, presented as if it were true. I didn't find out until college that it was written by a thieving nigger who plagiarized the whole story. I will never forgive my English teacher for that.

>>15094816
A Random Wall Down Wallstreet
The Millionaire Next Door
Common Sense on Mutual Funds
The Intelligent Investor

Those are my big 4.

>>15095236
fuck noggers and the jews they rode in on. to hell with africans they are just taslking animals like the hindus and other talking half apes

>>15094856
perhaps I'm ignorant yet I cannot help but feel that writing (selling) options is a fools errand because you're essentially exposing yourself to unlimited liability for a double-digit yearly return

>>15095301
have read all 4 of these and they basically amount to an education in real costs regarding investments and expenditure
the tl;dr of your big 4 is to spend less, save more and buy&hodl index funds that reinvest dividends

>>15095348
Only some types of options have unlimited liability, right? What about selling covered calls?

>>15095367
well yes covered calls can generate a positive return in neutral markets, but writing options as your sole strategy will lead to ruin in a 10-sigma event which is more common than we are led to believe

>>15095360
Yeah, I'd say that's a pretty sound investment strategy. The Simple Path to Wealth by JL Collins is also great.

All these books promote the idea of an efficient or mostly efficient market, where individuals cannot consistently beat the market by picking stocks. Some people disagree, but the idea resonates with me. Broad diversification and low fees will beat complex high frequency / high fee schemes over time for most people.

>>15095348
>>15095360
>>15095405
>James Cordier

>>15094816
How to win friends and influence people by Dale Carnegie.

>>15095100
And what are you doing with that real estate?

How you get rich is by buying things for less than they are worth. This is the concept of having a margin of safety. Therefore you never lose money.

Now, you can speculate like everyone else by stock picking, when you have no idea what will happen over the next year, much less over the next 10 or 20 years. Or you can actually buy assets for less than you KNOW what they are worth.

So get rid of that property (collecting 6-10% of rents on your property is not going to make you rich), and neither is living in it. Downsize as much as you can, and use your credit to build wealth.

So many people are poor because they use their access to credit to support an expensive lifestyle, or just don't use their credit at all.

Your goal should be to live with <$1000/mo the less the better, make >$10,000/month for 2 years to maximize your access to credit, and then borrow $900K-1M and buy something that's worth 1.2M-1.3M+. Bam, you just made $200k-300K in less than a year. Rinse and repeat.

You have 2 years to look for your first deal. If you can't find a property worth 20% less than properly renovated/marketed comps, you are brain dead.