Investment BS Thread - Stocks/Futures/Mutual Funds/Bonds/Commodities/Options/ETFs/401ks/Etc

Not disagreeing, just don't care for the overweight nature of a few tech stocks. Completely negates the "diversification" of large index funds. 2% of holdings taking up 22% of an index fund isn't exactly "diversification".

And for the record, I am invested in VIIIX, just not 100%.

 

I am in my mid 30's and I am looking for them. I have set myself up to where I can stop working and get by fine with dividends. I would call it more dividend growth. I have no plans to stop working but it sure feels nice.

 

Good deal

 

I am not trying to brag or be a douche, just saying that dividends can play a role for someone who's not 70 years old.

 

If you’ve got a large enough portfolio to live off the dividends, why would tying up $1500 with a share of Amazon be that big of a deal? It would be a tiny portion of your portfolio I’d think...

 

What's you guys thoughts on this, a wholesaler listed a property on his craigslist this is how I found it originally.

I text the number and he said it was under contract blah blah do i want to see it, i said yes of course before I buy something I want to see it.

Anyways he meets me out there I like what i see the 80 year old man who owns the place is a pack rat and the place is junked with stuff, but the house itself is solid and the area is desirable.

I do some simple google sorcery pulling the GIS to see property lines parcel information, tax information, and deed information. I get the owners number and call him to ask some questions. He calls me back asks for my name and I give it to him. To which he says if this other guy can't sell it I'll be in touch.

So now I wait till wholesalers contract expires, or he sells it and I lose out, he doesn't sell it and I cut out a middle man. The homeowner is probably going to try and make more money off of me, but in return I'll get cheaper than going through a wholesaler.

Is this wrong? @honda50r
My thoughts are a good wholesaler wouldn't advertise because he already knows investors and doesn't need to advertise. You don't put your deals out there like that, if you want to sale property become a real estate agent. Anyways if the homeowner slips and says someone called and mentions my name I'm sure I'll get a mean call.

 

Well the dividends are supplemental to other passive income, so I don't have enough to live entirely off of dividends. But I would rather tie $1,500 or $3,000 up in something that pays me. That $3,000 position could get me $10 a month from something yielding 4.5%. It's a no-brainer when it comes to where I would want to put that money to work.

I also have a probably irrational fear that something like AMZN could be $200 a share in a recession.

 

I dont see anything you did wrong. You are just doing your due diligence

 

if anything AMZN will become our overlords in the next recession.


What a lot of people are saying is that QE won't get us out of the next one. I am not sure how that would play out for the economy. Many European countries have negative interest rates. Things must be getting pretty bad.

 

I have no idea if you did anything wrong, but I would have done the exact same thing. Whatever gets you a better deal is what you should do. I would cut every middle man out of everything if I could figure out how!

 

From what I understand you are completely right. A good wholesaler already has a network he sends leads to. With that being said he may be a greenhorn (just like us) and this is how he is getting started

Offer the homeowner cash money right now, bypass the wholesaler guy. But, that wholesaler guy probably has his real estate license and will close the deal for you and that itself has some value.

 

It's just the PE of a company like that that scares me. I know, growth, etc. But I look for a rational PE. I may never strike it big, but I shouldn't lose too much on what I buy either.

 

Yeah. I don't blame you one bit for that.

 

when it's business it's cut throat right. I didn't do anything wrong and if you don't bring any value get out of here, you know!

Can i offer him cash right now?

The wholesaler has a contract.

 

Dude I was agreeing with you.. lol

 

Truthfully, I don't know how strong a contract really is.

I have no problem with a wholesaler considering they do bring value to the table. Would you be prepared the do the title, deed, and tax documents? That's the value of the wholesaler.

Side note; I'm having a hard time finding phone numbers for these property owners. how did you find yours? I'm using GIS and have addresses but a good old-fashioned phone call is always the best option

 

I was just restating your agreement with more agreement. i know you were lol .

 

the way the contract works is there's earnest money. thing is generally they can screw you and be like here's you earnest money back. Sorry

It's weird to me though because the seller gives the wholesaler earnest money, not the wholesaler gives the seller earnest money. Weird really.

I googled the mans name, city, and phone number. Then just clicked a few links till i found what I was looking for free. I didn't want to pay.

you can try addresses as well, but very important to include a name. Also on the parcel it generally tells you if the homeowner lives there or not, if the homeowner lives in another state then you have to look for them there with your google search.

 

Damn internet got me again, no tone or body language to read. I reread it, I am an idiot lol

 

Are you sure? The wholesaler typically will pay the owner $500 earnest (or something) and put the house under contract. Meanwhile they network the property to other investors

Then if the wholesaler can't find a buyer in that time span they lose their earnest money