Originally Posted by wutamess:
One of the rare times I actually agree with you. I'll be hitting you up for more suggestions later.
Pete is definitely right, and you know what makes up a large percentage of SP500 funds? Apple.
So if a large percentage of your investments in mutual funds are in large caps and broad market index funds, you are already getting plenty of exposure to a big company like Apple. If you decide to take on more Apple as individual stock, fine. But know that it can be more risky as you are leveraging more of your total capital on the gains/losses of one company. [Reply]
Originally Posted by Amnorix:
Slum lord is a good way to go.
So is mindlessly investing in very low cost index funds (or ETFs, as you prefer) on a systematic basis. That approach gives you diversification and participation with relatively minimal effort. You're not trying to time the market, and you're not trying to outperform the market in general. Basically, market returns for as little cost as possible.
Someone requested an update on my living at the office situation so here it is.
So as of August 15th it was a solid two months. It is getting easier and more comfortable, which is starting to scare me. I have adapted to this as if it was my natural home.
I bumped my 401K from 10% to 20%, 15% regular and 5% catch up. I haven't noticed a thing. I currently have only (4) monthly payments and two of the four are going to be gone in the next 90 days. By December, I will have only my car payment and car insurance to pay. The car payment will then be the next payment I will erase as I am saving money pretty well. I think I can get rid of that completely by Feb.
I'm doing some things pretty well but I need to get to the gym more often as that was one of my combined goals. Lose weight with saving money.
I still eat great and the full kitchen is perfect. My locker and shower photos are attached along with my bedroom.
I thought I would only do this for 4-5 months but I might make this a year project. No issues and the cleaning lady from El Salvador is my friend now because I offer her soda, food, help her to realize when no one is here and tell her not to bother with certain cleaning issues when everyone is telecommuting for the day.
Two weeks ago I had to get a hotel because they were going to stripe and paint the parking lot. I stayed at a Sheraton for 3 nights and I slept better at the office on my air mattress!
The A/C is on all the time and the lights are on a 6:10 am until 10pm then it goes to safety lighting, which is perfect.
I get up everyday at 5:50am, deflate my air bed, move the fan to my desk, put in my contacts, make a cup of coffee, and read the news before I take a shower at 6:15. All my items are put away 30 minutes before anyone comes in.
I use my storage locker to leave the bulk of my clothes, which is only 2 miles away.
I watch Pirates baseball and Chiefs football on large computer monitors in the office and even have a projection screen should I want to use it.
I store some food in the fridge freezer to save money
I go to sleep and blow up my airbed around 9pm each night. I have a lock on the door so I can keep the cleaning lady out when she vacumns and I want to sleep early.
The weekends I keep my bed blown up from Friday night until Mon morning.
That's about all I can think of.
EDIT: NO WHORES OR ESCORTS FOR THE LAST 8-9 MONTHS SO I AM TRULY SACRIFICING!
Originally Posted by lewdog:
This is still so ****ing legit Scho! Can't believe you can do it and how well you seem to have adjusted to living like that.
Awesome stuff.
I have lived on both extreme ends of the spectrum: flying first and business class to Hong Kong and Beijing and Tokyo being picked up in limousines. Traveling all over the world to great countries (38) so far, top notch restaurants and sleeping with hundreds of women. Having money falling out of my pockets because I had so much. Mega clubs and drugs and celebrities and athletes as friends.
Then I have also gone through several times of absolute despair of homelessness for 3-4 months, losing a business and several hundred thousand dollars, having some crazy legal issues that cost me dearly, losing my drivers license at least 12 times with 48 points in NJ because I drove like a maniac and sped in my Jaguar or Eldorado.
I have a real problem with moderation and impulse control. I'm balls out and extreme and a big risk taker. It's not for everyone
No one can ever accuse me of not getting my money's worth out of life..... :-) [Reply]
My bed making process. I have a fan to blow cool air all night as well. I make sure it's all taken care of. Air pump, perfect space, hidden nice in storage room. From deflated to fully inflated and firm at 4-5 minutes. Deflates in 1 minute. Setup takes 7 minutes, take down about 5 minutes.
Weekends I can sleep in-no one ever shows up early and only in a blue moon does someone come in on Saturday
Originally Posted by lewdog:
Only question left to answer............
How's the cleaning lady between the sheets?
She's too hard looking, old and worn out but once in a while she brings her hot daughter age 20-24 max in to help her clean and teach her the ropes. I would like to lick her daughter's pupusa like the sexy little El Salvadorian she is! :-) [Reply]
Here is the property I had when the dotcom bubble crashed. I had a 1997 sq ft property under contract for build with Pinnacle Builders along with a full gunite pool with rocks from California Pools and Spas. I gave the property back to the builder and he gave me back my $25,000.
