Bates
- Thread starter Victorbmyboy
- Start date
Ehhh it was on Twitter. I know it could be just some BS. It was an IU barstool post.
Have not heard, but I am not super plugged in by any means. Unless I directly ask players questions, they don’t go out of there way to tell me anything.
You answered your own question, IU barstool doesn't know anymore than you or me.
IU barstool is a senior in college. We have messaged a few times.
No but I told him portnoy is an idiot and lost me a shit ton of money on Penn. I told them I would bet 500 bucks on every IU game on barstool.
Ya. I bought at a bad time. I just bought a lot more DK at 16. Hopefully these gaming stocks go back Up, but my financial advisor thinks I’m a moron and it is gonna go to 10.
The reality is your are both morons for thinking you can predict the market.
“The trick is not to learn to trust your gut feelings, but rather to discipline yourself to ignore them.” -Peter Lynch
he is for sure not a moron. Lake house at 35, manages 150 Mil. One of the smartest guys I know. Me, ya, moron. But I roll them dice on stocks. Some hit some don’t.
*Not financial advice*
I’ve made a killing buying nightly rental real estate properties in Florida (and one in Tennessee). Have you considered going the real estate investing route?
I know a guy that trades 1-2 stocks a day and doesn’t work. He’s very good at it. I’m not disciplined enough to do that.
Unless he’s tied in directly to WallStreet, he’s rolled the same dice you have. He’s just considered “smart” because his guesses hit.
He’s not. He uses 50k and never dips into his other funds. That’s the key. I’m naturally not a gambler so I’m out.
Another friend is the Vice President of An investment firm and averaged 40% on his individual stocks. He’s good too. He makes about 500k a year.
I’m disciplined enough to do that, but I’m not dumb enough to risk my family’s financial circumstance at the craps table. It works until it doesn’t.
I’ve tried it, didn’t do well, and moved onto other more consistent options.
like AirBnBs? Almost any real estate investment has done well in the last 5 years.
Just the S&P500 has averaged 24% the last three years, so everyone appears “smart” these days.
The one in Tennessee is mostly ABnB. The Florida properties have onsite management and booking.
I am investing in my own real estate is the current plan. Hopefully buying acreage and a new home in 2023. Rentals, I have heard mixed bags from. Lot of time and effort sometimes, that I don’t like.
It’s not something you can get good at unless you are writing policy, trading on Wall Street, or evaluating businesses in person. Anyone that tries to convince you otherwise is called an investment manager.
Rentals have zero time and effort with a management company. Yes, you are giving up some profit, but there is zero effort other than cashing the checks.
The best thing with rentals is appreciation with leverage. You can buy a $1 million house with only $200k down. In the area my Florida houses are in, the average home appreciation over the last 20 years (not including the last two years) is 6.5%. That’s a 6.5% gain on the $1 million dollar asset. That’s a 32% gain on the cash investment (in year 1). Doesn’t even factor in the actual rental income the house generates.
Not sure what you are asking. The website is called Air BNB. Just a website to rent out a home. Like VRBO, Expedia, etc.
