Forum

How well versed are you with scams?

Probably, AND luckily not too well versed. Loopie, the appearances of people often belie their true selves.

Just because you went to a house supposedly 'owned' by this dude, you have no idea of knowing if he even was the actual owner. Scammers create images to pull in victims. Re-read what you wrote. You 'saw' a mansion', the guy is legit. Trust me, that does not make him legit.

To proceed in a world of finance, either by buying stocks or buying real estate, your first and only rule must be the protection of YOUR MONEY.
It's an area where one starts slowly, surely and carefully. It's an area where, say your bank roll is $20,000, you retain $15,000.... another adage for you,Loopie

A fool and his money are soon parted.

That my young friend is based on watching people years older than you lose entire life savings, including superannuation because of glossy slick showmen. Those men were con artists.
:peace:

this reminds me of the movie revolver and a great lesson/idea of the movie, "you can only get smarter by playing a smarter opponent"

My best investment? No secret, just search for a seller named savedwhiskersrescue on eBay...

Oh... You meant a MONETARY return??? ;)

Property that you can rent out. It has to make financial sense, though. No more relying on 10%+ yearly appreciation to make a deal work. There is no substitute for having 10 or more tenants paying down your mortgages every month. That STILL WORKS!

The stock market? Yes, if your investment horizon is long term and you invest for VALUE. That still makes sense.

If you are looking for 300% per year returns, that will always be a crap-shoot. Higher returns means more risk. There is just no getting around that. But plenty of people will be happy to take your money and tell you it is possible, with little risk. Good luck with that.

Look im going to be honest. I am 20 years old. I say and do dumb things. I post threads to get peoples opinions and their thoughts. I learn from them. I appreciate your responses even if they offend me. I learn from them and move forward. You are not an admin so the my clutter non sense should not be your worries. You are a member just like i am. We can post anything we want. So worry about yourself and i will worry about myself.


Also my posts get removed for certain reasons. Those reasons should not concern you. To make this very simple, worry about yourself and i will worry about myself. Don't reply to my threads if you have nothing good to say.

That my friend is where I want to be at. I always wanted to get into real estate investing with having a few duplex or fourplex apartment buildings. It's going to take some time to start with a duplex.

This is almost exactly what I'm planning to do by the time I'm 30, maybe even younger. But, damn here in LA the prices for apartment buildings, hell even small 2 unit joints go into the hundreds of thousands.

Not sure about you all but, It's gonna take a bit of time to reach a couple hundred thousand through eB earnings. I've been working my ass off almost everyday save a few months since 2010 and haven't even a third of that amount.

Anyways, whatever any of you decide to do, don't put everything in one basket. From what I've learned about money so far is it's best to diversify and as elementary as it sounds, spend your money on more assets.

If they are that much you might need to head somewhere cheaper. Prices anywhere in LA is expensive.

Spread the risk - stock, metals, real estate, some bank sets...best way to do it.

Got money to risk hard? Gamble it up

And what about the rest of the USA?

You go somewhere low

Start slow and move upwards....

Use google to find out the realtor spots that have a doable price range :juggle:

Sick property prices in Australia btw GB...ugh

Yeah, I am looking at the EU for chances now :thumb:

Did OZ several years ago.

Got out of real estate here about 4 years back.

:clap:

Instead of trading stocks and worrying about high risk, why not just get into less risky, longer term investments like mutual funds and such?

in today's world i don't think there is such a thing as less risky. as seen in the past few years, any market can go belly up overnight. the only thing that can help is reading EVERYDAY and all the time about the field you are investing in and trying to see the future. this is the only way to save yourself money and headaches

I trade a little with forex and it's easy to make 5% on your investment every month with almost no risk... and I also never read a forex book in my life, just used common sense.

Lmao...you Americans got it easy down there. Here you can't even find a decent accommodation for under $170,000.....even in small suburbs. There's alot of Canadian investors in Florida and California. I live in a shoe box. :)

Come to Nevada, there is tons of property here for under $50k. It will be like this for some time.

Yotano you on that Nevada property? Hmm I might be down for something to rent out ha

Nevada has ghost towns in it, pretty scary actually

Lots of parts of Nevada are ghost towns but not Vegas. The houses that are under 50-60k are in Vegas and Reno, Vegas is better.

I dont own any property yet but I'm working on it.

Since we're talking about real estate, any of you guys invest in websites?
After all, websites are the real estate of the internet.

aspkin is the Master of that, alnev. :cheer:

The only thing I put my money in is gold, ammo, and silver.

Silvertards we ride http://www.godlikeproductions.com/sm/psrcnboq.gif