All Forum Posts by: Chris Armstrong

@Daniel Reitz 

The fee is 0.03 and its indexed to the S and P 500. I highly doubt you will find another fund with such low expenses. Not REIT and not necessarily a vanguard account but its held in my vanguard account. Set it and forget it.

Only if there is match component to the contribution. Otherwise no. My company matches 100% up to 6%, and then they give an extra 3% in lieu of pension. So its like 150% return on my money. Ill take that all day long.....then roll it into SDIRA when I move companies. @David Fernandez

@Aaron Mazzrillo YES 100% Beanie Babies will be the NEXT BIG THING. hahahah all in

@Account Closed

Slow your roll little dude. Get a job and save your money. Learn as much as possible before you are 18 so once you can do real estate activities you will not need to catch up with the learning aspect of it. See how much of an entrepreneur you really are...perhaps start a business that employs your buddies (like cutting grass and having them do it for you) or flip shoes on ebay, or buy things at goodwill and put them on ebay. Start small and build your momentum. 

@John S Lewis

Its 100% crap. Just go find someone who does or is where you want to be and buy them coffee. For the $2 you spend on coffee you will receive 10000x more information than you would from ****** ole Than Merill and his band of goonies. 

thats not my $0.02 thats a fact

I am pretty sure that this year when I file taxes the income will offset the expenses that I currently have with my rental property. My debt to income ratio will look better now since I have had short term rental for two years now. If you think this is wrong please let me know, perhaps my accountant and mortgage people are incorrect, or perhaps not. 

I prefer the airbnb platform over the vrbo platform. I had our partner handle the vrbo and I handle the airbnb listings. Since adding the vrbo (rather updating and improving the listings) I have seen a jump in occupancy. I recommend both. I dont believe that vrbo collects taxes like airbnb does and you are required to withhold the necessary monies. 

I would love to understand how this is possible without a property management license. I understand it is 100% legal to manage your own listings without such a thing, but to manage another persons property without a license seems like there could be an issue. Perhaps someone with more experience can tag into this?  

@Matt K.

I have advanced degrees, self investment was never an issue. The underlying issue is that no matter the amount of success or effort a product I develop has, I never see any of it. I have no problem giving a portion of commission checks because I can build a system to generate more money (a team or an employee etc). The effort and reward connection is real in real estate (if your effort is in the correct place). It is pretty much non-existent in my company unless you are a part of the executive leadership committee (even then I would argue the effort portion is significantly smaller than their reward portion) but its better than where I am. 

@Ericka G.

Why would you pay someone who is clearly steering you towards investments that give them kickbacks. Just open a vanguard account and pick some balanced funds which are comprised of both stocks and bonds and and and this is the best part the fees are so low that they are pretty much non existent. For example I invest in S&P 500 indexed fund and the expenses are 0.03% per 10K. that is way less than you would be paying your edwards jones guy, Just my $0.02. 

FYI i prefer real estate though cause I can touch it......