Hypothetical Monetary Question
01-08-2005, 10:38 PM
#41
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Originally Posted by Jims5543' date='Jan 8 2005, 08:35 PM
The house I just bought for my office was purchased by the previous owner 3 years earlier. He paid 90K for it and then 3 years later I pad 186K for it.
A lot in Port St. Lucie 3 years ago could be purchased for 5K-10K now you cannot buy one for less than 60K...... 3 years!! 150K invested would get you 900K.
Word is that on the west coast of Florida South of Tampa this is about to happen if it isn't already happening.
A lot in Port St. Lucie 3 years ago could be purchased for 5K-10K now you cannot buy one for less than 60K...... 3 years!! 150K invested would get you 900K.
Word is that on the west coast of Florida South of Tampa this is about to happen if it isn't already happening.
01-09-2005, 06:25 AM
#43
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Originally Posted by j9fd3s' date='Jan 8 2005, 03:50 PM
thats what my dad does, he's been making money (for his clients) every quarter for the last 2 years. in fact last quarter was his biggest ever. in 20+ years
I'm sure your Dad is a highly ethical man and has done well by his clients. I'm also sure that he has done very well for himself, not that there's anything wrong with that. And I wonder if the rate of return for these clients is higher than the S&P 500 once you net out his fees.
IMHO, a majority of people with money to invest would be far better off to do a little research and make investment decisions themselves, rather than pay someone else to do it. Most advisors put their interests and those of the company they work for ahead of their clients.
01-09-2005, 11:37 AM
#44
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Join Date: May 2002
Location: California
Posts: 22,465
Originally Posted by 1988RedT2' date='Jan 9 2005, 04:25 AM
I'm sure your Dad is a highly ethical man and has done well by his clients. I'm also sure that he has done very well for himself, not that there's anything wrong with that. And I wonder if the rate of return for these clients is higher than the S&P 500 once you net out his fees.
IMHO, a majority of people with money to invest would be far better off to do a little research and make investment decisions themselves, rather than pay someone else to do it. Most advisors put their interests and those of the company they work for ahead of their clients.
IMHO, a majority of people with money to invest would be far better off to do a little research and make investment decisions themselves, rather than pay someone else to do it. Most advisors put their interests and those of the company they work for ahead of their clients.
he is, and he does
a lot of his newer clients come from big investment firms (my dad's buisness is just him), and they have all kinds of scheme's that dont serve the customer.
01-09-2005, 08:02 PM
#45
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Location: Stuart, FL
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Originally Posted by 89 Rag' date='Jan 9 2005, 01:25 AM
Just put it in the bank, some day it will rain harder than it did a few months ago...
**** that, would be cheaper just to shoot myself at that point.
01-09-2005, 08:06 PM
#46
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Yes this would bring about many questions.
Seeing as I am almost 30 and not really settled into a career I would lean more towards the starting of a profitable business. Both ensuring a bright future and occupying my current days. My retirement will cost little as I have it planned, but of course more is better. Ideally said business would be marketable in the later years of my life.
There are risks in every venture and certainly I would want to minimalize those, but it would leave me at an interesting crossroads. I would pay off my bills and attempt to put a portion of the money into something with both long and short term profitability... what I don't know. LOL
Seeing as I am almost 30 and not really settled into a career I would lean more towards the starting of a profitable business. Both ensuring a bright future and occupying my current days. My retirement will cost little as I have it planned, but of course more is better. Ideally said business would be marketable in the later years of my life.
There are risks in every venture and certainly I would want to minimalize those, but it would leave me at an interesting crossroads. I would pay off my bills and attempt to put a portion of the money into something with both long and short term profitability... what I don't know. LOL
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