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re: If you had a million dollars to invest

Posted on 10/16/17 at 8:37 am to
Posted by stevengtiger
Member since Jul 2013
2778 posts
Posted on 10/16/17 at 8:37 am to
quote:

oh please explain how RE is better than the 500% ive made sitting on my arse investing in BTC this year


You are talking about an anomaly. BTC has been a crazy deal and I am happy for anyone that has done well with is but in general, you are not going to get 500% on anything in the market without extreme luck and timing.

To the OP, if I had $1M fall in my lap, I would definitely explore investing 25% into some type of RE investments. Personally, I would 25% in REI, 25% into a market fund, 25% in something safe (bonds, etc.) and 25% into some dividend stocks. This would of course be after the trip of a lifetime.
Posted by Decisions
Member since Mar 2015
1471 posts
Posted on 10/16/17 at 9:26 am to
quote:

You are talking about an anomaly. BTC has been a crazy deal and I am happy for anyone that has done well with is but in general, you are not going to get 500% on anything in the market without extreme luck and timing.


Exactly. I can name land deals that have brought these crazy returns before, usually involving the discovery of limestone, coal, oil, etc., but just like Bitcoin it's high risk speculation. Not investing. Hence the rental suggestions. He said he wanted safe, which Bitcoin is not.
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72484 posts
Posted on 10/17/17 at 10:18 pm to
WELL said Steven.
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