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All Forum Posts by: Mark K.

Mark K. has started 23 posts and replied 80 times.

Post: Disappointed in Scott Trench

Mark K.Posted
  • Staunton, VA
  • Posts 83
  • Votes 42

I agree with most of what is being said.  Except with stock investing if you go to www.fool.com, you can let them do the work.  They advocate buying and holding, not day trading.  So, as an example, take $500 each month and buy one quality company each month for 12-15 months.  Sprinkle in your 15 comoany portfolio, 2-3 smaller, yet promising companies. 

I know stock investors that spend very little time studying.  They let the Fool do that for them.

I'm the sort that reads constantly.  Just like here at BP.  When I found this site, I read many forums, watched a ton of webinars and podcasts and so on. 

I love REI, but I've had much more stress with REI and basically no stress with stock investing.

My hope is to continue both kinds of investing for decades to come. 

Post: Disappointed in Scott Trench

Mark K.Posted
  • Staunton, VA
  • Posts 83
  • Votes 42

My bad, I didn't realize that blog was from two years ago.  I had received an email in yesterday from BP with links to various blogs.  I didnt look at the dates and thought they were all recent.

I offer my apologies to @Scott Trench. We had messaged each other a few weeks ago and I thought he was open to learning about stock investing.  So, when I read his blog, it rubbed me the wrong way as I thought he had just written it.

Anyway, I really think individual, buy and hold, stock investing of quality companies is a great way to invest outside of RE.

And, if you happen to buy and hold the next Netflix, Amazon or Apple, or one of dozens others, and it becomes a 10 bagger, or maybe even a 100 bagger, you might be happy you bought stocks!

Post: Disappointed in Scott Trench

Mark K.Posted
  • Staunton, VA
  • Posts 83
  • Votes 42

I think my best year, I returned something like 40% with my stocks.

And, @Jay Hinrichs, I understand that.  So, that means Scott should stick with RE and not write about stocks.  If he does, he as the VP or maybe he's the President, then opens this site to stock posts.

I was told by another stock and RE investor that BP had a very strong stance on RE and against stocks when he told me about BP.

The Fool is a stock site, but you can post there about REI or block chain investing and so on. I dare say then that perhaps stock investors have more open minds about investing in general than REI.

I can understand the lure of REI. I'm a Pro member. I've watched dozens of webinars and podcasts and I've read a bunch of blogs here.

I've been at the Fool since 1999.  I've read much more there, watched more and have attended live events.

I can honestly say there is much more hype here at BP in regards to REI than at the Fool in regards to stock investing.

I get it.  I own 2 single family homes and I'm buying a triplex.  I love using OPM to invest.  I love the 4 ways RE makes money. Yet, I love seeing Netflix up over 1400% when I sold, or my Apple shares up over 1200% and I'm still holding. Or, some young companies that are up 300-400% in a short time.

I started investing in stocks with $50 a long time ago. 

As long as Scott writes about stocks, I'll do the same.  

Post: Disappointed in Scott Trench

Mark K.Posted
  • Staunton, VA
  • Posts 83
  • Votes 42

@Caleb Heimsoth,

The Fool is a stock investing site.  Folks can talk about real estate there.  I have several times. I just think the VP of BP, especially after we emailed about stock investing, shouldn't write such a negative article about it.  I know that's his opinion, but it's not correct. 

Post: Disappointed in Scott Trench

Mark K.Posted
  • Staunton, VA
  • Posts 83
  • Votes 42

I've invested through the dot com crash of 2001 and the great recession of 2008/09. I've emailed Scott about stock investing.  It's obvious from his article he didn't believe my emails.

I don't mind all of the hype that BP does about REI. However, I don't see near as much on the down and dirty of REI that newbies especially experience.

I look forward to the next storm market crash.  I can take $50 or $500 and buy stocks on sale. No mortgage needed.

If my stock portfolio dropped 50%, so what.  I buy more shares and ride it out. No bank will foreclosure on my stock positions.

No tenant will trash it either.

I love REI. I love BP. I'm just disappointed that the BP President would write an article like this and that the BP editor would run it.

I personally love the idea of having a diversified stock portfolio as well as a RE portfolio. 

I don't diss REI. I'm disappointed that BP puts stock investing down.

Check out www.fool.com.  They are to stock investing as BP is to real estate investing. I've been a Fool since 1999. In all of those years, I don't think David or Tom Gardner ever wrote a negative article on real estate investing. I know I've read posts on the Fool boards from lots of folks who also invest in real estate.

I hope Scott reads my email to him. It was basically my post. I hope he replies to me here.

There is room at the Fool for REI as there are several boards there about it.

Why is BP biased against individual stock investing? Stock investing is what gave me the confidence to start REI.

Post: Disappointed in Scott Trench

Mark K.Posted
  • Staunton, VA
  • Posts 83
  • Votes 42

Scott, @Scott Trench,

I must say, you truly disappointed me with your negative article on stock investing.

https://www.biggerpockets.com/renewsblog/2015/04/16/ridiculousness-of-stock-picking-waste-of-time-young-investors/?utm_source=newsletter&utm_source=BiggerPockets+Members&utm_campaign=60dee86fdf-EMAIL_CAMPAIGN_2018_04_19&utm_medium=email&utm_term=0_58bb040086-60dee86fdf-77000025

You can start with just $500. Both of my sons did that, as well as friends I helped start investing. All are beating the market.

Your fictional friend Matt has many negatives compared to us small investors. It's harder to invest millions, constantly buying and selling, and such.

I put a small amount into Netflix back in 2005. In 2014, I renovated my old basement. If I had held until today, I could have bought a house.

Stock investing is so much easier than real estate investing. 30-60 minutes a month is all that is needed for stock investing. I bought my first rental SFH in 1/17. I had to put a new roof on the shed immediately, plus paint the entire interior. My first tenant I had to start the eviction process after a few months. Then, in the fall, with great, new tenants, I had to put a new roof on that house.

I how have another SFH and I'm buying a triplex. Stock investing is helping me do this.

Shame on you though. I'm shocked at that article you wrote. Real estate isn't the only way to invest. I've met a lot of investors who are Millionaires from investing in stocks.

Stock investing is way easier than real estate investing for the little guy.

I'm emailing you this and I'm posting it in the forums to call you out on this misconception and factually incorrect blog you wrote.

Of course, I'll wait to see if any BP folks think I'm mistaken.

My annual return from stock investing is over 16% since 2005.

Maybe I can do better in real estate, but we shall see. 

I don't know if others have this issue or not.  If I try to reply to someone, such as @Scott Trench or @Mindy Jensen in a message, while on my phone or one of two tablets, I can't.

What happens is as soon as I type a word, then hit the space bar, the text I just typed disappears.

At first, I figured it was my tablet.  I try a brand new tablet and the same thing happens.  Just tonight, I tried from my phone and the same thing happened.

Can BP IT folks look into this?

Thanks.

Post: Newbies first rental property

Mark K.Posted
  • Staunton, VA
  • Posts 83
  • Votes 42

@ Nevin Ashley 

Congratulations on getting a double in your first MLB at bat.  I don't know if you ever met former Oriole Brian Roberts.  He battled with severe concussion symptoms for a long time.  You might want to try to reach out to him.

I currently have 2 SFR and I'm trying to buy a triplex.

Let me know if I can help you with anything.

And, read to those kids of yours if they are still young!

@January Johnson do you know much about investing in the Pensacola/Milton areas of Florida? 

Post: Pay extra/invest the extra?

Mark K.Posted
  • Staunton, VA
  • Posts 83
  • Votes 42

I've listened and watched a lot of podcasts and webinars and I've read a few BP books so far. I'm still learning a lot. 

I've heard @Brandon Turner talk a lot about investing any positive cash flow to buy more properties. I know I've heard him mention that some folks like to pay extra on their mortgages, but he prefers to invest to buy more properties. 

I'm currently reading @David Greene great book on Long Distance Real Estate Investing.  In it, he mentions the benefits to paying extra on the mortgages to pay them off quicker. 

I sort of like the idea of paying a small amount extra on each mortgage, such as $25-50 or so. But, I'm also tempted to put much more towards one of them in hopes of paying it off a lot earlier. 

The other side of me says to save all extra funds by not paying extra and to accumulate more cash so I can buy another property. 

Is there any advice from all of you here about the best way to do things?