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My net worth ITT. Please tell me I'm a faggot.
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Date: February 7th, 2023 9:28 AM Author: Aphrodisiac Ultramarine Sandwich (http://www.autoadmit.com/thread.php?thread_id=5285694&forum_id=2#45898597) |
Date: February 7th, 2023 9:29 AM Author: Aphrodisiac Ultramarine Sandwich I realize how I have my money allocated is retarded. Can someone help guide me?
I was going to hire a financial advisor but the 2 I spoke with suck penis. Still looking for someone worth what they want to charge. |
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Date: February 7th, 2023 9:35 AM Author: Adventurous ebony sound barrier You should give all of your money to Israel. (http://www.autoadmit.com/thread.php?thread_id=5285694&forum_id=2#45898622) |
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Date: February 7th, 2023 9:35 AM Author: Aphrodisiac Ultramarine Sandwich pretty sure that's already happening with my taxes (http://www.autoadmit.com/thread.php?thread_id=5285694&forum_id=2#45898627) |
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Date: February 7th, 2023 9:32 AM Author: Crusty therapy pervert so your $700k "investments" including "real estate" are separate from your residence and investment condos? (http://www.autoadmit.com/thread.php?thread_id=5285694&forum_id=2#45898609) |
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Date: February 7th, 2023 9:34 AM Author: Aphrodisiac Ultramarine Sandwich yeah because a portion of that 700k is invested into a fund that is buying or building large # of condos and town homes in a major city. so i have no active involvement. 18% preferred returns on that particular investment. (http://www.autoadmit.com/thread.php?thread_id=5285694&forum_id=2#45898621) |
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Date: February 7th, 2023 9:37 AM Author: canary goyim giraffe nice work, faggot (http://www.autoadmit.com/thread.php?thread_id=5285694&forum_id=2#45898632) |
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Date: February 7th, 2023 9:41 AM Author: Aphrodisiac Ultramarine Sandwich yeah but what do i need to improve on. i make sure my money doesn't sit there making 0 but obviously having this much cash making 3.3-4% is dumb (http://www.autoadmit.com/thread.php?thread_id=5285694&forum_id=2#45898646) |
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Date: February 7th, 2023 9:42 AM Author: jade frisky athletic conference base impressive that someone so retarded with asset allocation could get so rich (http://www.autoadmit.com/thread.php?thread_id=5285694&forum_id=2#45898652) |
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Date: February 7th, 2023 9:43 AM Author: Aphrodisiac Ultramarine Sandwich that seems a little rude. while i agree that 2mil in cash is dumb, i've seen a LOT dumber shit being done by both friends, family, and board retards.
what do you suggest i do, friend? |
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Date: February 7th, 2023 9:52 AM Author: jade frisky athletic conference base invest that shit, also dump crypto (http://www.autoadmit.com/thread.php?thread_id=5285694&forum_id=2#45898691) |
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Date: February 8th, 2023 7:54 PM Author: Aphrodisiac Ultramarine Sandwich I will NEVER dump crypto, you FUCKING PIECE OF SHIT (http://www.autoadmit.com/thread.php?thread_id=5285694&forum_id=2#45907179) |
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Date: February 7th, 2023 9:42 AM Author: Sooty stirring theatre partner age? profession? (http://www.autoadmit.com/thread.php?thread_id=5285694&forum_id=2#45898653) |
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Date: February 7th, 2023 9:42 AM Author: Impertinent honey-headed corner yeah, the OP is missing some context for giving a rating (http://www.autoadmit.com/thread.php?thread_id=5285694&forum_id=2#45898654) |
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Date: February 7th, 2023 9:46 AM Author: Aphrodisiac Ultramarine Sandwich 38 years old.
commercial real estate attorney is where most of my income comes from. wife has a decent job too that makes about 135k/year while only working 30 hours a week (and out of that 30 hours she really only works 15 or so actual hours). |
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Date: February 7th, 2023 4:53 PM Author: Fantasy-prone sanctuary legend if ur working more than 2 hrs a day tops from home ur fucking insane
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Date: February 8th, 2023 7:56 PM Author: Aphrodisiac Ultramarine Sandwich what a dumb, blanket statement to make (http://www.autoadmit.com/thread.php?thread_id=5285694&forum_id=2#45907184) |
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Date: February 8th, 2023 8:08 PM Author: Fantasy-prone sanctuary legend WRONG (http://www.autoadmit.com/thread.php?thread_id=5285694&forum_id=2#45907242) |
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Date: February 7th, 2023 11:11 AM Author: cobalt floppy crackhouse water buffalo at the very least, shift that cash to t-bills or a treasury money market fund. you'll get the fed funds rate minus a modest expense ratio (like 0.1% or less).
the fed funds rate was recently raised to 4.5%-4.75% so if you're earning less than that you're getting fucked. |
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Date: February 7th, 2023 12:48 PM Author: Cheese-eating Liquid Oxygen Shrine Am I going to be the first person to point out how dumb this is?
Cash (making 3.3-4.5%): $2,050,000
Brokerage Accounts: $375,000
Crypto: $200,000
At the bare minimum, cash and brokerage should be reversed. Why the fuck do you have so much in cash and other money tied up in alternative investments with basically zero on the stock market? Stocks should be the bulk of your portfolio. Once you have a large stock portfolio, then you can go ahead and put a slice into crypto or "real estate funds" or some other alternative investments if you want. But stocks are easily the safest long term investment.
(And LJL if you think your real estate fund is going to yield 18% consistently. Warren Buffett has barely averaged 18% in his career, and the dude who runs your real estate fund is not Warren Buffett. This smells like a goy scam to me if they are promising outsize yields like that.) |
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Date: February 7th, 2023 12:56 PM Author: jade frisky athletic conference base youre at minimum the third person to point out how dumb this is (http://www.autoadmit.com/thread.php?thread_id=5285694&forum_id=2#45899621) |
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Date: February 7th, 2023 4:50 PM Author: Cheese-eating Liquid Oxygen Shrine I was referring specifically to the part where he had $2M in cash and only $300k in stocks. (http://www.autoadmit.com/thread.php?thread_id=5285694&forum_id=2#45900817) |
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Date: February 8th, 2023 7:58 PM Author: Aphrodisiac Ultramarine Sandwich hey man, fair enough.
best way to get further into stocks? just VTI? VOO? BND? STY? VTSAX?
Best way to DCA my shit into one or more of the above? |
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Date: February 7th, 2023 4:54 PM Author: wonderful brunch Gorgeous net worth. (http://www.autoadmit.com/thread.php?thread_id=5285694&forum_id=2#45900837) |
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Date: February 8th, 2023 7:53 PM Author: Aphrodisiac Ultramarine Sandwich Important Update: need more opinions about my faggotry (http://www.autoadmit.com/thread.php?thread_id=5285694&forum_id=2#45907169) |
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Date: February 8th, 2023 7:55 PM Author: harsh orange death wish native nice humblebrag thread.
imo you should be 100% in cash. all with the same bank. |
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Date: February 8th, 2023 7:59 PM Author: Aphrodisiac Ultramarine Sandwich i'm a pumo, what the fuck am i humble bragging about, my poor friend?
my poor friend = my challenged slow-witted and dark skinned retard friend |
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Date: February 8th, 2023 8:30 PM Author: Indigo gas station pozpig You made this thread because you just want people to tell you directly or indirectly how rich you are. Kind of sad. (http://www.autoadmit.com/thread.php?thread_id=5285694&forum_id=2#45907348) |
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Date: February 9th, 2023 9:34 AM Author: Aphrodisiac Ultramarine Sandwich i'm a pumo, what am i getting out of this?
i genuinely want advice |
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Date: February 8th, 2023 8:31 PM Author: mauve fiercely-loyal lettuce piazza I rate you as shitty flame. (http://www.autoadmit.com/thread.php?thread_id=5285694&forum_id=2#45907351) |
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Date: February 9th, 2023 9:35 AM Author: Aphrodisiac Ultramarine Sandwich not only am i not flame, i gave super accurate #s up above. (http://www.autoadmit.com/thread.php?thread_id=5285694&forum_id=2#45909523) |
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Date: February 9th, 2023 10:54 AM Author: Aphrodisiac Ultramarine Sandwich (http://www.autoadmit.com/thread.php?thread_id=5285694&forum_id=2#45909882) |
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Date: February 9th, 2023 11:41 AM Author: translucent mediation windowlicker I call flame. Or completely financially illiterate. Can’t see how a successful commercial RE atty can dump so much cash into illiquid investment and primary properties and not take advantage of historically low rates that lasted for 10 years. (http://www.autoadmit.com/thread.php?thread_id=5285694&forum_id=2#45910126) |
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Date: February 9th, 2023 11:43 AM Author: Aphrodisiac Ultramarine Sandwich I had 2 other properties that I sold at the height of the market.
You're probably right though in terms of me being financially illiterate when it comes to a lot of things. I can't stand resident property management though and have never liked the idea of paying someone to manage residential shit. every 4 seconds a microwave breaks or hvac goes out or whatever the fuck. it's just a hassle |