Search results

I had a well paid corporate career in investment management during my 20s, was absolutely miserable though. Enjoyed running my own business 100x more even the first few years when I did not make any money and worked double the hours. Like you, I couldn't stand taking orders from layers of...

I own a good amount of physical metals but really look at it more as insurance and last line of defense. If you are trading only paper you are missing out on some of the key reasons to own it as a hedge against the system. If you go physical you are instantly negative just based on dealer...

Totally understand, haven't dealt with that recently but remember this happening a while back with anything tech related. Literally couldn't understand anything. Not sure how much attention you are paying to AI, chatgpt etc but think programs like this may replace a lot of low level customer...

Do agree with depends on space, imagine industrial, wharehouses, low cost senior housing will all have increasing demand. High end office space does have a lot of pressure to the downside though. There have been some major defaults lately and there are very large funds doing it. SF and NYC are...

I am far from a RE expert, really just have a loose understanding of how it ties into the market. I have several good friends who run funds that I have some money with. Typically, I just pepper them with questions and get their insights. I didn't realize you were in europe, imagine a lot of...

You think commercial is interesting, as it is now a good buy? I am in the opposite camp, think it is going to get demolished. Their debt structure is a lot different than residential, most of it is a floating rate and they have not had the additional cost of increased rates yet. Some properties...

Agree with avoiding dating women you work with. Not only do you carry sexual harassments risk, it makes it pretty hard to get a clean break. I did this in my 20's at my first finance job with a woman I dated for 3yrs. The relationship way over ran its course simply because we would constantly...

Ok you were discussing and responding to points I never made, pal. Well I don't own a bank and do not plan on starting one so probably not the right person to ask. Currently you put it up as collateral and borrow against it, like any other asset. This is being done already, both in the real...

I really just rattled of numbers from memory, they are probably a little off. The point being, with all things considered the dot com bubble was a lot larger with a much smaller group of potential market participants. Really just trying to say, this may not have been the big bubble and bust. It...

Crypto or Bitcoin? To make it very simple, new tech dematerializes the industry they disrupt and makes it faster and more efficient. Example, amazon to brick and mortar, netflix to video stores, google to libraries or any where that stored information, uber to taxis etc Now this is happening to...

Crypto, for the most part yes. There are some legit ones but the vast majority are at best highly speculative tech but for the most part are cash grabs or scams. Bitcoin is completely different that the rest of crypto, also why it is the only one classified as a commodity.

What percentage of your portfolio is commodities?

Would be very careful with regional banks, Yellen basically said they are only bailing out the top banks with systematic risk. Most likely means a lot of consolidation to the top but never know.

You can do all sorts of stuff like that, my dad had me on his payroll since I was very young. Not exactly sure how it was structured but there were a lot of tax benefits and money did not go directly to me

Would be careful counting on that without even having the a person in mind yet. Trying to force that too early could cause some issues if relationship didn't work out.

Yeah, I'm sure you got to be careful on how you go about finding what firm to use. Imagine if it is managed in the states they are basically sub contracting out the work and taking a large cut. Funny you mention that though because there is a guy I have known for 20yrs, a little slimey and just...

I have a decent idea, my first job out of college was in fund accounting at one of the big investment banks. Basically compiling, and reporting all the info/market values/ trades etc daily for different funds. Might be a little different than a CPA firm but it was an entry level job for a...

Accounting is a great background to have for all areas of business, get comfortable with the sales side and you will have a lot of options even if it is running your own firm.

There really is no avoiding that 5-10yrs of really pushing it to build that foundation if you have aspirations to be above average. Better to do it earlier in life if possible due to energy levels and fewer commitments outside of work. You have to be able to dial that back on some point too if...

Not sure what you do and if you can hire people, but in order to scale and eventually get a balanced lifestyle, you have to hire and delegate. If possible, hire to fill the roles or do the work you least like to do or are not great at. Might help with focus/enjoyment if you can delegate out...