Home Forums Hunting & Shooting Hunter's Campfire Investing

Great 22% return over 2.5 years, plus you do cash flow. Solid.

Just for fun: had you put $295k into the the S&P 500 fund during that same time period it would be now worth $470k, zero headaches with tenants, no insurance costs, no property taxes and NO TIME.

Most didn't know the Fed was going to permanently nationalize the stock market in 2008. Take the phony baloney QE money out of the mix and no way the market performs like it has.

Correct.

My guess is he leveraged it so the cash on cash return is probably much higher.

Why?

If they bought smart, they made it through it. I did, and picked up a few at 1/2 price.

He’s buying a home for cash? Or he should rent his whole life?
When’s the last time you looked at what 4 years of a state college runs? He’s gonna pay that making $12/hr plus his living expenses? Ok.

I’m confused on how borrowing at 3% for a major purchase or 0% on a new car, as long as you can afford it, is a bad thing, or why structured debt is a bad thing.
If you’re an idiot that can’t pay off your credit card ea month it’s one thing but responsible borrowing is the only way to build wealth unless you’re making serious $$ from an early age.

An investment in a home goes hand in hand with good credit (clean) and a smart mortgage. Buying a home should not happen UNTIL all other things are completed and a good career has begun.

Everything before that can be done in a pay as you go manner, including education and job training. Millions of people have proven that.
And folks keep on proving it today. How bad do you want it? You can not discount those who have proven it is doable.

It is stupid to take on debt without a career firmly in place. Too many today think they deserve a NEW vehicle along with it's payment book before they have any idea where their salary will originate.

Or half a house here where I live.

The entire airline industry is down.. what about the JETS ETF? The airline industry overall has to come back, right?

Open a Vanguard account. Preferably a Roth IRA to contribute to as much as they allow. Converted one of my accounts from conventional to Roth last year. Will be paying taxes on what I converted but not on the 20%+ gain it made. One of my financial planners says he sees the Roth being stopped by the government within a few years. Too much money being made tax free. ETF’s in biotechs and high quality international stocks as the dollar will be declining greatly with the Biden printing press.

I doubt the bank would’ve financed a 280k loan to put into the stock market though! So In that case id have made $0.

I don’t disagree. I misunderstood, thought you guys were preaching no debt as opposed to smart debt. There are times when running debt is a very good idea. Borrowing money to buy a couch, a vacation or a T.V. Is absolutely stupid.

My daughter has been working since the 9th grade, doing dog care and a little baby sitting in the 9th grade, then working at Jimmy Johns sandwhich shop and now a local wood fired pizza restaraunt. She got grades and worked hard at school, competed in speech & debate as well as other business oriented activities. When she graduated as a senior, she has $40k saved up for college. She had also bought a $1000 car, drove it for all of high school, and sold it for $1500 (after the investment of brakes and tires) and bought another car, 6 years old with 60k miles, cash. She chose our state college, which costs $17k a year. She gets a Hathaway scholarship for about 25% of that bill each year. She also competed and won a few scholarships her freshman year that brough in another $4. She worked during college, for the school as a front desk assistant in her dorm. That job provided all of her spending money needed on a day to day basis, and a big more. At her current rate, she will graduate with her 4 year degree and likely have $20k left in the bank to start her life where ever she gets her job. Her mother and I will help her out as needed, getting some groceries a few times a semester, etc. Due to Covid, she will spend this semester at home, attending virtually (all of her classes are online) and keeping her job. After the scholarships, this semester will only cost her $1k (living at home). She has done an incredible job being responsible for her own choices. I expect she will have a successful career and help a lot of people. The point being, if you prepare and focus on college and are wise with your school choice, it is plenty possible to go to college with no debt, or little debt.

National Guard....

Don’t think I’d suggest my kids go that route any longer. Not when the ruling communist party calls them up to protect them from “the people”

Damn Oakster, I was proud of your girl just reading that.... you must be uber proud... well done!

down payment here.....bob

That is absolutely outstanding. You've raised one hell of an adult. Can't not take a little credit as the parent. Outstanding.

Ditto, amazing kid you’ve raised.