rkbabang

Giving people in failed states access to a currency that isn't going down with the state is like throwing people a lifeline. This is where a non-state currency will be used first. While the 1st world thinks of crypto as a speculative investment the 3rd world actually needs it. This reminds me of people who sit in Starbucks with their $8 lattes, behind their $2000 macbooks, wearing their $200 sneakers pontificating about child labor over seas, when without those jobs people would be starving. If your government is failing, being able to still do business with others will be a pretty important thing.

Weeee!

Go public, but keep 51% of the shares yourself. That way you can tell shareholders who make a fuss where to go.

I do short term rentals mostly using airbnb and was doing great for about a year, then I joined a few Facebook groups for airbnb hosts. If I had read those groups first I would never have done it. The stories are horrific and daily. I've found that by targeting the higher end of the market you get better results. A similar strategy to what Gregmal is doing with long term rentals. I went though the entire house and upgraded everything. Raised the prices to the top of the market for the area. Made my minimum stay 7 days in the peak season and 4 days in the off season to avoid weekend partiers. And I've gotten great guests.

The Bee has broke the news https://babylonbee.com/news/victorias-secret-introduces-new-angel-your-mom

My guess is that he thinks having that dry powder readily available is worth the inflation risk, knowing that if the right opportunity arises he can put that to work and make many many times what he lost due to inflation while waiting.

Besides cash and stocks there are bonds, a HELOC, or just simply a house with some equity that you could get a HELOC or do a cash-out refinance. Maybe a margin account which you can tap. Something else of value that you can sell (gold, luxury/antique cars, etc).

A starting position in SOXQ, an ETF which tracks the PHLX Semiconductor Sector Index. I'm really bullish on the semiconductor industry for at least the next 18-24 months and think the index will do well. I already own 2 of the components NVDA and the company I work for: ADI. I like most of the companies on the index (except for Intel, which I'm not so sure of) and was having trouble picking just 1 or two more to invest in. So the ETF it is.

To me there is a difference between AAPL/AXP customers and VZ/BAC customers. No one is proud/bragging/showing off to be a VZ or BAC customer. If someone else builds a better phone network there are no loyal VZ customers who would stick with Verizon. Verizon happens to have the best coverage right now so people use it even if they hate the company. Here in New Hampshire there is no choice but to use Verizon in most of the state, because none of the other networks even come close in coverage. We don't use it because we love Verizon or we are Verizon fans. No one drives around with Verizon stickers on their car, or shows off their network connection to their friends. Apple and AXP however has loyal fans who love the company and its products. It reminds me of when Buffet talking about Harley Davison said something like he loves a company who's customers tattoo the company's name on their chests. No one loves Verizon or Bank of America like that, or anywhere close.

The best way to pull cash out of your house is a cash out refinance. With the rates as low as they are, now is the time to do it. You mentioned selling your house and putting less down on the next one. A cash out refinance gives you the same result only you don't have to move. That said, I just sold investments to pay off my mortgage. There is something to be said for owning your home outright. I don't have to retire, but I could if I wanted to. It depends on your age, I guess. If I was in my 20s or 30s, I'd want the cash to invest more than paying down my mortgage.

I don't have much of interest in my wallet other than drivers license, boating license, AAA card, medical insurance card and a few credit cards. I use a Wells Fargo Amex card for gas and restaurants, Amex Blue for groceries (other than whole foods), Chase Amazon for Whole Foods/Amazon.com, TJX Card, and Fidelity VISA for 2% for everything else. One of my Amex cards I forget which either Wells Fargo or the Amex Blue gives me like 5% on streaming services too, so I have Netflix, Hulu, etc on there. And some of those cards are not in my wallet anymore, like Amazon Chase and TJX because I use Apple pay at TJX stores and whole foods. Also I might have $20-$30 of cash in my wallet which has been there for like 3 years unused.

No. My wife quit working when my son came along 21 years ago, so now that both of our kids are older managing the rental property is her thing. And I'm pretty handy so we don't hire many contractors either.

29% real estate 54% stocks 17% crypto But this isn't truly accurate if you consider that in the stocks category I own some stocks that should add to the real estate percentage such as BAM, LAACZ, APTS, RMRM, so I'm not really sure how to calculate it exactly. In the above numbers those are 100% in the stocks category.

I held on to it based on the fact that even though BAM spun it off, Partners Value Investments was holding on to it. My thoughts was that they most likely understood it a lot better than I. I've been adding to it significantly along the way and am up over 300% on my total cost basis now.

Don't worry, we will be here to rub it in. ?