There was a time when I put most stocks into a world fund (25% S&P, 25% small cap, 25% developed, 25% emerging). However, I got disillusioned with that. So then I just decided to buy the hottest stocks in Silicon Valley and Chinese Tech. Most of my bets turned out to be FANG, ANT, and BAT before those acronyms were coined by the media and @hanera…
Kids are not valuing the importance of money when their dad is so devoted to money making
In a sense, it makes sense. Kids already saw how the life is to chase money all the life, and also kids are not hungry for money when the parents already have a lot.
If you let your kid pay his own college tuition, a big student loan may force them to take a little interest in money
It was few years before, IIRC 3-4 years before, I started learning stock investments. As I said, provides better return on the surplus cash we have.
There are two parts in my investments
Retirement accounts (IRA+401k): We need to invest in Stocks/Mutual Funds/ETFs. Mutual Funds grow slower (whatever available) than Stocks.
Taxable Cash accounts: I have been looking for homes, but hard to get (too picky). Instead of keeping it checking/savings, the best way is to grow them through stocks. Whenever I get some opportunity, the cash accounts will drain.
Simple S&P is for novice, but I wanted to learn (and earn). Whatever I do, good choice or mistakes, are my lessons.
Even RE investing does not come without practice/research. Similarly, Knowledge on stocks are not so easy, but it comes by practice/research.
8% for hard money loan? I don’t understand why the hard money lender only lend for short term and require a baloon payment. After you get the ballon payment, you’ll need to wait for the next borrower