Phil / MIllions – i fully agree with your premise on this. Three pillars for me are – RealEstate, Business , and equity/ stock investments. I started out owning REITS then moved to buying real-estate – have enough now to have property managers manage day to day. Was fortunate to have money in '08 and '09 to deploy. Have started selling some now ( did owner financing on 2) sold one outright, kept the others. Now looking at possibly Texas to move buy up some property there ( waiting for the foreclosures to hit next year – they've already started a bit). I invest in start-ups – do some consulting for them, and build a stake in companies i think have a shot ( this is a high risk / high return business) but i enjoy vetting companies and working with them to improve their products and operations. This year i started a trading company that i seeded and focused on options in this space. And finally i have a mutual fund / stock and preferred portfolio that is my large investment arm. The key is generating cash – which comes from consulting and real-estate as well as dividends, and then deploying money in assets that i understand but are out of favor.
November 23rd, 2015 at 4:34 pm
Phil / MIllions – i fully agree with your premise on this. Three pillars for me are – RealEstate, Business , and equity/ stock investments. I started out owning REITS then moved to buying real-estate – have enough now to have property managers manage day to day. Was fortunate to have money in '08 and '09 to deploy. Have started selling some now ( did owner financing on 2) sold one outright, kept the others. Now looking at possibly Texas to move buy up some property there ( waiting for the foreclosures to hit next year – they've already started a bit). I invest in start-ups – do some consulting for them, and build a stake in companies i think have a shot ( this is a high risk / high return business) but i enjoy vetting companies and working with them to improve their products and operations. This year i started a trading company that i seeded and focused on options in this space. And finally i have a mutual fund / stock and preferred portfolio that is my large investment arm. The key is generating cash – which comes from consulting and real-estate as well as dividends, and then deploying money in assets that i understand but are out of favor.