4 ms·
I can easily make 10-15% a year on my money investing, so that $66k downpayment actually means I would lose $6.6k-9.9k in annual income.
by charlesdm 11y ago
I can easily make 10-15% a year on my money investing, so that $66k downpayment actually means I would lose $6.6k-9.9k in annual income.
- mistermann 11y agoHow do you make an easy 10 to 15%?
- charlesdm 11y agoStocks, bonds, currencies, property, alternative assets (i.e. acquire a profitable something, invest in passive income assets such as solar energy SPVs, music royalties, etc) It still takes a time investment to achieve that. There's no free lunch.
- mistermann 11y ago> There's no free lunch. Indeed. It's not at all easy to make 10%+ on a recurring basis.
- nkrisc 11y agoIf I could easily make 10-15% a year investing on top of my job, I'd do that. Maybe I'm just not as gifted as you.
- charlesdm 11y agoSorry, you're right. It's impossible to do - my bad. Ask any wealthy person (who enjoys finance) how they don't achieve those gains.
- nkrisc 11y agoI don't know why you think I insinuated it was impossible. I'm not a wealthy person who enjoys finance so it's reasonable that I would not expect to see gains like that.
- eclipxe 11y ago"Easily make 10-15% a year" .... until the market corrects and you lose 50%.
- charlesdm 11y agoI said easily, I didn't say risk free. I also didn't say put everything in stocks. Stocks are extremely overpriced at the moment, and only a small of my portfolio are in them. Investing is a hobby I spend some time on each week. I'm just pointing out that you should calculate the gain you could personally make from your capital and account for that in your decision.
- nkrisc 11y agoPart of that equation is the time and knowledge required to invest that successfully, which not everyone has whether the time, the knowledge, or the time to acquire the knowledge.