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Recent content by fastbo

  1. fastbo

    I have zero motivation to work after losing over $100,000

    HOT! FTE 
    Gary Kildall. This was a guy who was a genius and very successful. Invented the first OS for personal computers. He even had a small private plane. Bill Gates (mother being on the board of IBM) referred IBM to him for this OS for their PC. What Gary called "the worst day of his life" he went...
  2. fastbo

    What to do with $1 million?

    HOT! 
    You're right. I meant S&P 500 Index Fund. Yes the market is a bit overpriced but for unsophisticated investors over the long run the S&P is relatively steady. Not great, but decent for parking some money if you don't know any better. Remember, real estate crashed harder and longer than stocks...
  3. fastbo

    How Amazon Ruined My Life

    INTRO 
    Ebay used to be the same way. Margins were HUGE on ebay back in the 2000's. Amazon was the same way 5 years ago. Now its too easy for anyone to do exactly what everyone else is doing, therefore margins will drop. As Warren Buffet says you need a business with a moat, else you essentially sell a...
  4. fastbo

    29 Years old: Just bought my 2nd Lambo (not clickbait)

    GOLD! 
    Fellow 6 speed G owner (2007 G Spyder). Fantastic car if I must say so. You won't lose much on depreciation. They're pretty much bottomed out and the 6 speeds are very very hard to find. Exotics always go through a U shaped depreciation curve - they bottom out then trend up. As far as exotics...
  5. fastbo

    What to do with $1 million?

    HOT! 
    1. Don't invest in anything until you completely understand it. Don't rely on other people's opinions for your money. And definitely don't invest in anything if it's "guaranteed", "absolutely safe", or has ridiculous returns (shout out to bitconnect 1% per day compounded daily) because it's...
  6. fastbo

    MJ DeMarco, what is your Carnival cruise story?

    OFF-TOPIC 
    Not to mention nearly every major cruise disaster in the past decade was on Carnival. Concordia, the engine fires, etc. Carnival is like the Golden Corral of cruises. Quantity instead of Quality. Actually got bored on Carnival. Ships are overcrowded, food is low quality. The only plus side is...
  7. fastbo

    I won 30k. What to do?

    INVESTING HOT! 
    Better yet he's on an entrepreneurship forum asking what to do with $30k EXCEPT START A BUSINESS. That's like me hopping on an internet gambling forum and saying hey I just flipped a house and make $100k, what do you think I should do OTHER THAN GAMBLE WITH IT. If that isn't trolling I don't...
  8. fastbo

    Any multi-millionaires or billionaires on this forum?

    HOT! 
    That's how sidewalkers think. The reason people are millionaires and billionaires is because they understand the value of money. You won't ever see Cuban throw money at a stupid idea just because he can. Warren Buffet was too cheap to fly first class so he bought Netjets. Yes he paid $725...
  9. fastbo

    Lending Club Investing: Good Passive Income Source? (Answer: NO)

    INVESTING NOTABLE! 
    If you want to lend money dont use one of these P2P sites. The problem is the P2P lenders are clueless about credit risk and these loans are unsecured. Therefore, you're bidding against clueless people who think 7% is a good return for unsecured debt with poor underwriting, a recent BK, and no...
  10. fastbo

    Where are all the Mobile Home Park Investors?

    HOT! REAL ESTATE 
    +1. You stumbled onto an important concept in real estate. Renting sucks. You need to have an organization/people system beneath you to manage any scale of rentals. That's an achievement in itself. Otherwise you won't scale past 20 doors and you'll be working 80 hours a week fixing other...
  11. fastbo

    Where are all the Mobile Home Park Investors?

    HOT! REAL ESTATE 
    Yes tidewater. ↑ with residential property you must foreclose on the home and go through a very lengthy and expensive court process. Would this be for a Land Contract ? If you're selling them a home and not dirt (i.e. they are paying lot rent to a park), it's personal property. You don't...
  12. fastbo

    Where are all the Mobile Home Park Investors?

    HOT! REAL ESTATE 
    Lonnie was a regular at the TRIG (Tidewater Real Estate Investment Group)... I met him at one meeting in 2014 shortly before he passed. He was a down to earth guy... pioneered the mobile home flipping / paper industry.
  13. fastbo

    Where are all the Mobile Home Park Investors?

    HOT! REAL ESTATE 
    Funny you asked... I've got one I'd like to sell... same state as you... PM sent!
  14. fastbo

    Lending Club Investing: Good Passive Income Source? (Answer: NO)

    INVESTING NOTABLE! 
    Not as pretty as @MJ DeMarco 's book graphics :)
  15. fastbo

    Lending Club Investing: Good Passive Income Source? (Answer: NO)

    INVESTING NOTABLE! 
    View: https://www.youtube.com/watch?v=U7cZLy3rLgU If you're going to gamble on prosper at least avoid some key words.
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