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Thursday, March 28, 2024

Comment by batman

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  1. batman

    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.   



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