All Forum Posts by: John Fairbanks Miller

Remember in Forrest Gump when he invests in Apple and cashes in big time. When we all watched that in the early 90's it felt like we had missed the boat. However, if we would have invested in Apple right then we would have seen sweeter returns than Forrest. It's not about the cost of a share it's about the returns and the energy required to gain (or lose) those returns. With that being said I have a 0% position in the stock market. There is a lot of math in your statement but I don't think it makes any sense. Also, what was the average hourly wage in 1971?

All of my real estate positions can survive a large correction. As someone with PTSD from 2008 I won't invest without 30% down and on my two personal houses I paid 50% down. I realize all of the Rich Dad Poor Dad soldiers think this is dumb, but understand I might not be the traditional investor on here as my entrepreneurial efforts net me a substantial income and real estate is my hobby/retirement vehicle as I don't do a 401K/IRA, etc. While I do not think we are headed towards a major crash, I have been suspecting a correction as I have seen a lot more "for sale" signs popping up tipping the supply and demand scales towards a buyers market. So to answer your question, I am preparing by having a lot of available cash to scoop up property if prices fall.

WWDTD? What would Dominic Toretto do? Ride or Die!!

Just kidding bro...play it straight.

Exactly, this is the big difference in now and 2008...we were way more leveraged then. In my neck of the woods I see a lot of for sale signs, tipping the scales of supply and demand.

I just discovered this website through the podcast. So I just completed my first RE investment (since the crash in 2008). $270K townhouse and I put $100K down. We are cash flowing $450 a month on a 2 year lease. Fortunately, I am self-employed and will be able to fund at least one deal like this annually. I too feel like we are on the verge of some sort of correction in my area as prices have surged and as a result there are for sale signs bloody everywhere. As I alluded to I was a victim of the recession and had to foreclose on my house in AZ as I had to relocate for graduate school in CA. So to reply to @Russell Brazil, yes I have PTSD. I have paid interest on 2 things in my life, Student Loans and Home Loans. Never on a credit card and never for a vehicle. Imagine how I felt letting my house go into foreclosure? Our rules for investing is 35% down. I know this goes against the grain of the "Rich Dad Poor Dad" crowd, but like I said, my main hustle provides me a significant income and 35% is pretty comfortable. I'll do 1 to 2 of these a year and see where it goes.