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re: What is the best wealth building strategy out there?
Posted on 4/3/17 at 4:51 pm to LSURussian
Posted on 4/3/17 at 4:51 pm to LSURussian
quote:
1) Buy low, sell high.
2) Only buy stocks that are going to go up.
3) Sell all your stocks just before the market crashes.
4) Buy your stocks back when they reach the bottom.
and.......if you want to day trade and have 1 million dollars.........make sure you start with 2 million!
1
Posted on 4/3/17 at 7:11 pm to Fat Bastard
Posted on 4/4/17 at 7:46 am to player711
I've heard BOIL has become predictable.
Seems like a good way to build wealth.
Seriously though, real estate has to be it. But early on a string of bad renters will kill you, especially in a state with heavy tenant protection laws.
Seems like a good way to build wealth.
Seriously though, real estate has to be it. But early on a string of bad renters will kill you, especially in a state with heavy tenant protection laws.
Posted on 4/4/17 at 3:52 pm to player711
For me it's real estate and its not even close. Every market is local and anyone can gain expertise in it. Deals are limited only by ones motivation. My financial planner is also a client and has 50% of his portfolio in local, tangible real estate. Looking at a deal next week seller wants 110k, with 25k and a month into improvements, I can get 185k-190k in 48 hours. I don't know many other avenues for that type of profit.
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