all funds buys stocks. and operate at a cost. you pay that cost. why not just buy the major stocks that that fund you like has and not have to have all of them. always check expenses ratio and 12-b 1 fees. even if all that looks small it comes out of your principle not earnings. big difference/
.

Hm... that is true.

Food for thought.

or look at something like VTSAX or other vanguard admiral funds with an expense ratio of 0.04% the price you pay to have someone else do it for you.

I could talk all day about some of my brilliant investments, but the fact is that the best of them were lucky accidents. The luckiest of them all were houses. I don't like landlords, so I avoid them at all costs and always try to buy my own place. As ray says, do all you can to buy your own home, then buy one nearby to rent out.

Also, learn to close on a house without an agent. You can do so by going to the public library and getting a book on it, or check a *reliable* web page. If you need to, hire a lawyer or walk into a storefront legal aid society. Go slow the first time you do it and dot all your i's. This will save you a ton of money and it will put in a position to buy places that are not listed with agents. There's a whole subset of house sellers who don't deal with agents and you can find them by telling everybody you know that you're looking for a house and seeing what pops up.

red eye. that fund is a huge one with low expenses and tends to follow the stock index.
it also has i beileve like a 3,000 minimum and vangaurd charges a 20 dollar a year fee to hold each fund. so do your research before looking a the pretty flowers.
why do you think they put together these funds. because they make billions off of them.

a title company will assist you with all the paper work when you buy a house. thats their job.

an agent finds you a place that is listed on the multiple listing service which also shows up on the web. type in any address and the for sale of it pops up if it is.. you do get hand holding and if its listed you pay the same.

best deals can be from homeowners selling themselves as they make mistakes and under price the home some times most times over price it.

it takes some time and work. but that is how money is made.

sounds like a lot of f-ing work

I'd rather be poor. Oh wait, I am.

No politics in the lounge, but people are allowed different opinions.

“ Because my hair - I don't know about you, but it has to be perfect. Perfect," - Donald Trump.

“He’s got this amazing stuff on his head, it’s not hair ... it’s like some sort of furry gas ... It’s like he was born with a squirrels tail and he’s brushed it over his head to pass amongst humans” - Philomena Cunk

Link to video for those of us of a commie persuasion:-
(Warning contains strong language)

its okay to be poor when you are young. but to be poor when you are old isnt fun.

when i was young the goal was to get 100,000 by retirement. now it is 2 mil. you can get by with less even much less though of course.

Fortunately, I have a state pension coming when I retire--if I retire. So I will avoid the poorhouse.

I told my boss about a year ago that I could just about retire, but I was going to do a few years more to give me a little more money to spend on fun stuff.

However, I currently have have about £100000 sitting in a savings account, it is earning me less than £1 an month, I do not think that am ready to start an” Investment- AMA” thread.

A few years ago, I knew this girl who got a real estate license. She bought up a bunch of condos and sublet them. It was a lot of upfront work, but ultimately, she earned 6 figures and worked 10 hours a month, until one of her houses had to be remodeled. It took her months to even find a reliable set of workers.

In my 20s, when I was doing construction, all of my clients were people who bought homes, fixed them up, and sold them. This was before the crash of '08. Yes, they all knew what was coming; they talked about it every day and took full advantage of the situation.

There were all sorts of strange animals in that field. The most curious was these two women who brought their high-end furniture to houses for showings. Basically, the nice furniture made the homes look nice and easier to sell.

Ain't no such thing as an easy dollar.

My GF and I are thinking about flipping houses in Vegas...lots of work, but we enjoy the search, and I'm good at the cosmetic improvements while she is good at the real renovations. We're going to start with the house we just bought for ourselves. It's a 1971 ranch, unique and cool, but needs some plumbing, electrical, and roofing work. Also needs to have asbestos removed and/or rendered safe.

Nice to see you buying a house together, Dom. Best with everything.

I've been dying to move for a few years now, and I'm going to sell my condo, which needs a few renovations, to my son who can do all the work. He needs a place for him and his daughter, and I live in a nice neighborhood with a great school system. He's also going to get it for about 75k under the going price. He's happy.

And, Dom, if conferences are going on next June, I will see you then. Hell, I might anyway, conference or no conference. Really bored this summer with no travel.

It's cool your lady is willing to get her hands dirty.

What is your expected timeline to flip on this house?

I have a friend who photographs homes. She brings in furniture, decorations, the whole works. She gets paid a lot of money. She also does houses that are going to be let for a week or two during sxsw and acl. What she gets paid for those is mind-numbing.

Oh, no timeline...it's going to take a couple years to get the house the way we want it on our budget after buying the house lol...but we're thinking about other properties sooner than that, maybe.

thanks

great success!

I'm worth over 100K and have maybe 20 more years of earning potential. would like to know more about investing, but I've got more pressing concerns at zee moment. Like existential anxiety

I need the dividend to set me free!

The Admiral Funds at Vanguard are the nuts - I pay no fees to have mine and some of my vanguard funds were automatically converted to Admiral status after gaining enough equity, plus I've been with Vanguard for 30 years. I was advised that I needed 1 million to retire. I have half that (plus some in individual stocks as a side investment), all in vanguard. But I have ZERO debt and own my own home and land free and clear. A small pension to go with my Soc. Sec. So if I lost all my money I could still survive fine. Just no more trips to Europe or Buffalo Hunts to Montana. But plenty of local Fishing!

I don't wish to own some home for rental income - having one is more than enough for me; it is a pain in the ass for upkeep and repairs and etc.

figure everything doubling in 20 years. so if you retire in 20 you may need double your income to live the same. most times retired people think they will spend less but that is when they want and have the time to take nice trips and maybe become a snow bird with another house.
if you are a house bound person who just watches tv you can certainly get by on little especially as your house will be paid off by then.

I'll buy your place at a sweetheart discount. I want to get out of the city, but I don't know that I want hillbillies. I'm all f*cked up.

I'm easily worth 7 or 8 figures, but I have a plan in place to get that to the positive side of the number line in a couple of years.