11-01-2020, 04:34 PM
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#1
- ShakeBrah
- Rampaging
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- ShakeBrah
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What to do with disposable income?
I have retirement and personal investment accounts already. How to moneymaxx with leftover money? I feel like real estate is mostly a long-term income. I suppose I could invest more in my career, but I’m pretty happy with where I currently am. I don’t think that knowledge alone is gonna get me to that joosy CIO position.
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11-01-2020, 04:36 PM
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#2
11-01-2020, 04:37 PM
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#3
- GixxerSixxer
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- GixxerSixxer
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If all of your bases truly are covered - day trade
11-01-2020, 04:38 PM
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#4
- ShakeBrah
- Rampaging
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- ShakeBrah
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Originally Posted By GixxerSixxer⏩
I’ve thought about that, but it seems like a losing game. Someone has to lose for someone else to win; and then you add in fees and taxes. So house is the only winner, right?If all of your bases truly are covered - day trade
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11-01-2020, 04:39 PM
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#5
11-01-2020, 04:41 PM
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#6
- Merc009
- Broscience Engineer
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- Merc009
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Just lol @ everyone saving up on stocks that will pay off in 20 years when you can’t even walk anymore.
Your life is now, stop worrying about something that might never happen
Your life is now, stop worrying about something that might never happen
-Some people say good things come to those who wait, truth is, good things come to those who work..... who work later.....who work harder...... who are willing to go further than anyone else to get them. If you're waiting for good things to come to you, you'll be waiting for a pretty long time.
-I'd rather live life saying "I failed" than "I could have"
11-01-2020, 04:41 PM
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#7
- SipNPiz
- 2 B Tan is 2 B Glorious!
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- SipNPiz
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Originally Posted By ShakeBrah⏩
play as the house and sell premiums brah, lookup the wheel strategyI’ve thought about that, but it seems like a losing game. Someone has to lose for someone else to win; and then you add in fees and taxes. So house is the only winner, right?
STEM Wagie Brah
Oil/commodity based trader
11-01-2020, 04:42 PM
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#8
- GixxerSixxer
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- GixxerSixxer
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Originally Posted By ShakeBrah⏩
You can come out with serious profits if you put down serious money and don't trade emotionally. I definitely wouldn't advise anyone to look at it as a serious investment portfolio or anything though.I’ve thought about that, but it seems like a losing game. Someone has to lose for someone else to win; and then you add in fees and taxes. So house is the only winner, right?
If you're invested in retirement/personal income accts and truly have disposable income then it's a good chance to make money. The other answer would just be to pump the disposable cash to beef up your other investments.
Maybe give swing trading a shot to get your feet wet
11-01-2020, 04:43 PM
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#9
- BlackJack619
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- BlackJack619
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On hobbies.
As
11-01-2020, 04:43 PM
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#10
- bfdehewdbyywhn
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- bfdehewdbyywhn
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invest it
HTC is too skinny for me. Fat Girls only crew. serious
Chubby Chaser and Fat Girls Only crew Founder
11-01-2020, 04:43 PM
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#11
11-01-2020, 04:44 PM
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#12
- PartyGuy414
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- PartyGuy414
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Here's my BTC addresss: 1Q4X1dPzVPi23wEfJ2aaRaN3cEzgT5eZf2
Representing Milwaukee 414!
It's Millah Time!
__
{0O}
\__/
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( ( DON'T TREAD ON ME
\_\_____
(_______)
(_________()Oo
11-01-2020, 04:44 PM
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#13
- ShakeBrah
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- ShakeBrah
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Originally Posted By Merc009⏩
Exactly dude. So what do you do with your money?Just lol @ everyone saving up on stocks that will pay off in 20 years when you can’t even walk anymore.
Your life is now, stop worrying about something that might never happen
Your life is now, stop worrying about something that might never happen
Originally Posted By GordonXXX⏩
Yeah, but I’d rather focus on short-term instead of long-term with my leftovers.keep increasing investments into stocks and bonds.
p.s. WTF happened at the Vegas pool the other day? WTF is going on out there? any action or is it f**ked?
p.s. WTF happened at the Vegas pool the other day? WTF is going on out there? any action or is it f**ked?
Vegas is pretty lively. Downtown was crazy busy. Some nice booties everywhere.
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11-01-2020, 04:47 PM
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#14
- wutevs
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- wutevs
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I like real estate investments, especially when interest rates are super low these days. I net about ~3k a month from my two rentals. I don't spend it, just throw it towards principle to pay off one of the homes quicker and move onto the next.
I dabbled in stonks for a while, but don't know much about it or have time to seriously do research so now I just do those retirement/roth accounts and not worry about the crazy swings.
I dabbled in stonks for a while, but don't know much about it or have time to seriously do research so now I just do those retirement/roth accounts and not worry about the crazy swings.
11-01-2020, 04:50 PM
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#15
- ShakeBrah
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- ShakeBrah
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Originally Posted By wutevs⏩
You NET 3k a month??? Wtf. Your rental rates have got to be huge compared to mortgages.I like real estate investments, especially when interest rates are super low these days. I net about ~3k a month from my two rentals. I don't spend it, just throw it towards principle to pay off one of the homes quicker and move onto the next.
I dabbled in stonks for a while, but don't know much about it or have time to seriously do research so now I just do those retirement/roth accounts and not worry about the crazy swings.
I dabbled in stonks for a while, but don't know much about it or have time to seriously do research so now I just do those retirement/roth accounts and not worry about the crazy swings.
Fukkk. You’re becoming my ecrush more and more. Prime minister me your Snapchat/Insta
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11-01-2020, 04:53 PM
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#16
- BigTimeOperator
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Pearl Decade. Learning to play the drums is the best investment in yourself you can make.
11-01-2020, 05:00 PM
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#17
- soaponarope1
- 6'2" 227
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- soaponarope1
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If it was me I'd spend it. I've already done the math to get to my goal net worth at my goal retirement age, with a slight cushion. Seeing as life is short and you get a finite amount of time to spend it all, you shouldn't spend anymore time on planning or anymore money on saving for the future than you have to in order to reach your goals. Once you've got that on autopilot you set it, forget it, and live in the present.
11-01-2020, 05:00 PM
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#18
- ErnieMccracken
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If you live in Vegas, why aren't you MONEYMOGGMAXXING?
11-01-2020, 05:02 PM
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#19
11-01-2020, 05:03 PM
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#20
- ShakeBrah
- Rampaging
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- ShakeBrah
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Originally Posted By ErnieMccracken⏩
I don’t live in Vegas anymore. Fukin bb won’t let me change locationIf you live in Vegas, why aren't you MONEYMOGGMAXXING?
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11-01-2020, 05:03 PM
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#21
- r32gojirra
- Registered NEET
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- r32gojirra
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1. Withdraw all excess cash in low-denomination bills
2. Film yourself counting said bills in dad’s Toyota camandante
3...
4. Profit?
2. Film yourself counting said bills in dad’s Toyota camandante
3...
4. Profit?
Originally Posted By Anachron⏩
Lol or at least degenMAXXXXXXing more generallyWhoremaxx seems to be the misc consensus these days.
11-01-2020, 05:13 PM
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#22
- bfdehewdbyywhn
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- bfdehewdbyywhn
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Originally Posted By mesobuild⏩
stocks is where the real money is. if you know how to trade options you can become rich very quicklyproperty > stocks
just missed out on a twitter play last week that I thought of.
HTC is too skinny for me. Fat Girls only crew. serious
Chubby Chaser and Fat Girls Only crew Founder
11-01-2020, 05:13 PM
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#23
- SouthDakotaBrah
- SUPERNOVA
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- SouthDakotaBrah
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$19.5k/yr in 401k
$6k/yr in IRA
However much house you can/want to buy
Rest into stocks
Multifamily real estate is one of the only other asset classes that can stand up to the stock market, and RIP when biden re-enacts the new homeowner credit
$6k/yr in IRA
However much house you can/want to buy
Rest into stocks
Multifamily real estate is one of the only other asset classes that can stand up to the stock market, and RIP when biden re-enacts the new homeowner credit
11-01-2020, 05:14 PM
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#24
- aceroa
- Aztec Warrior
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- aceroa
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Originally Posted By wutevs⏩
3K a month with only 2 rentals? Damn, that rent must be crazy.I like real estate investments, especially when interest rates are super low these days. I net about ~3k a month from my two rentals. I don't spend it, just throw it towards principle to pay off one of the homes quicker and move onto the next.
I dabbled in stonks for a while, but don't know much about it or have time to seriously do research so now I just do those retirement/roth accounts and not worry about the crazy swings.
I dabbled in stonks for a while, but don't know much about it or have time to seriously do research so now I just do those retirement/roth accounts and not worry about the crazy swings.
Mexican Crew
11-01-2020, 05:14 PM
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#25
11-01-2020, 05:17 PM
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#26
- Noobyy
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- Noobyy
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Be careful with real estate, if you're not getting any mortgage rebate, and paying tax on resell its a huge monetary black hole.
Colleague of mine put all he has into homes, 7 so far, didn't realise he can't claim tax back form mortgage repayments anymore and when he sells the property will incur a 40% tax on any profit made on orginial purchase(given money devlues over time, this is the real killer)
Best bet, if you have the change, buy into a fund of a hedge fund, let a pro make you 10%+ on it
Colleague of mine put all he has into homes, 7 so far, didn't realise he can't claim tax back form mortgage repayments anymore and when he sells the property will incur a 40% tax on any profit made on orginial purchase(given money devlues over time, this is the real killer)
Best bet, if you have the change, buy into a fund of a hedge fund, let a pro make you 10%+ on it
11-01-2020, 05:26 PM
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#27
- wutevs
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- wutevs
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Originally Posted By ShakeBrah⏩
Whoops, I meant after maintenance (on avg) and someone to take care of my properties. After mortgage for the one home it's prob closer to 2k a month since the other one is paid off. It's easy money though for not doing anything at all, but I got lucky with some good tenants, have heard a lot of hororr stories.You NET 3k a month??? Wtf. Your rental rates have got to be huge compared to mortgages.
Fukkk. You’re becoming my ecrush more and more. Prime minister me your Snapchat/Insta
Fukkk. You’re becoming my ecrush more and more. Prime minister me your Snapchat/Insta
Haha sorry, I don't really use social media. Don't have insta, have snapchat but too paranoid about giving it to people on here, don't want anyone ruining my life lol
Originally Posted By aceroa⏩
See above. One rental is $1650 the other is $1750. Trying to look for another investment home but it's hard these days, once a home hits the market, people are putting in a bunch of offers. My brother just bought a home and his interest rate was only 2.2% on a 15 year conventional loan.3K a month with only 2 rentals? Damn, that rent must be crazy.
11-01-2020, 05:36 PM
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#28
- Wh1teDyn0mite
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- Wh1teDyn0mite
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Party.
1/4 Jamaican
1/4 Polish
1/4 Irish
1/4 Welsh
11-01-2020, 05:40 PM
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#29
- ShakeBrah
- Rampaging
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- ShakeBrah
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Originally Posted By wutevs⏩
Just change your display name? I don’t put my last name on Snapchat lol.Haha sorry, I don't really use social media. Don't have insta, have snapchat but too paranoid about giving it to people on here, don't want anyone ruining my life lol
Gotta take chances to find your oneitis (me)
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11-01-2020, 05:52 PM
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#30
Originally Posted By wutevs⏩
Whoops, I meant after maintenance (on avg) and someone to take care of my properties. After mortgage for the one home it's prob closer to 2k a month since the other one is paid off. It's easy money though for not doing anything at all, but I got lucky with some good tenants, have heard a lot of hororr stories.
Haha sorry, I don't really use social media. Don't have insta, have snapchat but too paranoid about giving it to people on here, don't want anyone ruining my life lol
See above. One rental is $1650 the other is $1750. Trying to look for another investment home but it's hard these days, once a home hits the market, people are putting in a bunch of offers. My brother just bought a home and his interest rate was only 2.2% on a 15 year conventional loan.
Haha sorry, I don't really use social media. Don't have insta, have snapchat but too paranoid about giving it to people on here, don't want anyone ruining my life lol
See above. One rental is $1650 the other is $1750. Trying to look for another investment home but it's hard these days, once a home hits the market, people are putting in a bunch of offers. My brother just bought a home and his interest rate was only 2.2% on a 15 year conventional loan.
Originally Posted By ShakeBrah⏩
Would love to hear that you guys started dating and then lived happily ever after from initially interacting on a bodybuilding forum srsJust change your display name? I don’t put my last name on Snapchat lol.
Gotta take chances to find your oneitis (me)
Gotta take chances to find your oneitis (me)
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