/biz/ - Business & Finance

>>301031
can i have 10 000$

Come back when you're a billionaire.

>These are my Vanguard statements, with balances showing as of 3/31.

>>301039
what is vanguard?
is broker?

how much you start out with?

FAQs:
>How much money do you have?
About $12.5 million. Some of my investments are hard to value because they're private equity investments in non-public companies. This is a fair market estimate.

>Trust fund baby?
No, I earned the vast majority of my wealth on my own. I did receive a small inheritence some years ago, but it was less than 1% of my net worth.

>How did you make so much money?
I made a lot of my wealth from my career. Clients pay me as much as $950/hour for my advice. That accounts for about half my net worth. The other half is from investments.

>Liar, fake, photoshop, inspect element, etc.?
Whatever. I'll let my knowledge and advice back up my bona fides. You are free to ignore, filter, or insult me to your heart's content.

>If you have so much money, why come to 4chan?
It's not as if there's a Millionaire-chan forum where only rich people can post silly, stupid, and sometimes funny stuff. I

>Can you send me monies?
No.

>>301031
>The stories and information posted here are artistic works of fiction and falsehood.
Only a fool would take anything posted here as fact.

>>301046
>vast majority of my wealth
how much did you not earn?

>>301036
>Come back when you're a billionaire.
Sadly, It'll never happen. I'm rich, but not filthy rich and I never will be.

There's always someone with more than you. Its a good life lesson

>>301049
>how much did you not earn?
Rough estimate is 60% from job, 40% from investments. Investment percentage is increasing as time goes on, and as I work less.

Any books/materials you recommend?

>>301056
how much was that 1%

what did you do with that 1% how much was your annual income then
what did you do the year before you "earned" your first million?

Cats or dogs?
Pancakes or waffles?
Favorite color?

>>301065
>Any books/materials you recommend?
I used to read investment books, magazines, and the Wall Street Journal. Within a few years I realized the whole financial media industry is designed to sell recycled shit to rubes, and to promote frequent trading. I don't recommend any of it.

I learned everything I need to know about investing from the boglehead website. Its free too.

>>301079
does boglehead pay you to say this?
are you the owner of boglehead?

>>301070
>how much was that 1%
>what did you do with that 1% how much was your annual income then
>what did you do the year before you "earned" your first million?
I inherited about $250K when my mother passed away. Financially speaking, it was not relevant to my net worth (as I said, 1%). The only reason I mentioned it at all is because I'm here to tell the complete truth.

The year before I earned my first million I did the same thing I've done for the last 24 years: practised law. My wealth grew slowly and steadily. It's not like a million dollar suitcase fell into my lap one day.

>>301072
>Cats or dogs?
Dogs.
>Pancakes or waffles?
Pancakes
>Favorite color?
Blue

>>301083
>does boglehead pay you to say this?
>are you the owner of boglehead?
No, and no. Boglehead is free. Its a community of intelligent, conservative investors who try to help others not make mistakes. Very much like what I try to do on /biz/.

How old are you?

>>301091
50

>>301091
>How old are you?
Mid-40's. Ancient by 4chan standards.

What is your job?

>>301096
lawyer

>40 year old begging for validation from 18 year olds

>>301056
I am intrigued by this. Is your 40% investment earning fire and forget (aka managed by others) or are you activly involved in how your money grows?

>>301099
Which specialization? M&A?

>>301094
can you sue everybody who wrongs you?

when was the last time you sued someone who crossed you and why?

if only lawyers know the rules to society, then how do normal people know you aren't bullshitting them about the rules?

also how is anyone besides lawyers required to follow the rules?
nobody but lawyers know s the rules, why do we need to follow rules we don't even know exist?

>>301096
>>301099 is correct. I'm a corporate lawyer.

>>301100
Not looking for validation. I'm looking to give advice and help people avoid mistakes that I made along the way

>>301105
can you borrow me money?
i want to open my own company...

>>301089
Ah so you're an attorney? Where are you based out of?

Insane you charge 950$ an hour. Do you run your own firm or are you partnered somewhere large?

>>301099

I just signed an informal, handwritten lease to sublet a room. I don't want to move in anymore. It was supposed to be for May 1, and the guy seemed cool with me not following through on it if that somehow happened. Should I call him and just ask to get out of it, and if he tries to haggle me, is there anything he can do about it?

He doesn't even have a copy of the lease, and I left a $100 deposit (which I don't expect back tbh)

>>301105
How much of business law is shaking hands and being a people person vs. actually knowing your shit and being good at it?

What kind of investments did you make?
How did you know they were the right ones?

>>301113
100% being a people person

0% actually knowing your shit

people who know their shit will get fired sooner or later
people who are dumb enough to be good at it will be sued shirtless

most important skill is to have a drink ... with the lads and to not make anybody look like he is an alcoholic

What made you come to 4chan?

>>301089
>practised law

A British solicitor on /biz/?

>$950 an hour

What type of advice do you give?

What documents do you recommend you have ready to pass property and money to your next of kin of you die?

950$ an hour that his client pays sounds like billable hours, which means that's not his take home.

>>301115
Could I get an answer from the millionaire?

>>301120
That's just his billing rate. I know people that charge their clients 500$ per hour even if they just call to ask simple questions.

what would you say has been the biggest financial mistake you've ever made?

and the biggest personal mistake, for shits and giggles

>>301101
>Is your 40% investment earning fire and forget (aka managed by others) or are you activly involved in how your money grows?
I make all of my own investment decisions, but I do heavily invest in mutual funds. I do not try to pick individual stocks, which is a suckers game in my mind.

>>301103
>can you sue everybody who wrongs you?
>when was the last time you sued someone who crossed you and why?
I sued a car repair shop a long time ago over a minor disagreement over the quality of the work. I then sued their lawyer when he threatened me. We eventually settled, and I made the lawyer pay the shop (his own client). I paid nothing. But I'm less hot-headed now then when I was younger.

>>301110
>Do you run your own firm or are you partnered somewhere large?
Worked for a large Midwest firm for 14 years, and have practised on my own for about 8 years.

>>301111
>I just signed an informal, handwritten lease to sublet a room
If it were me, I'd call the call and tell him (a) I'm not moving in, (b) I'm sorry about the change in plans, and (c) he can keep the $100. Hopefully he'll realize that even though he could sue you for more, it won't be worth it.

>>301113
>How much of business law is shaking hands and being a people person vs. actually knowing your shit and being good at it?
In most firms, there are two kinds of rainmakers (people who bring in clients and get huge salaries):
1. People who are very good at shaking hands and kinda know their shit.
2. People who absolutely know their shit and are kinda good at shaking hands.

Some lawyers just focus on knowing their shit, and leave most of the hand shaking to others.

>>301136
>suckers game
why is it a suckers game in your mind?
it worked for warren buffet didn't it?

>>301136
Thanks, one last question: is an MBA useful for business lawyers? Are joint JD/MBAs a waste of time and money?

>>301136
Ah any connections in Dallas? Come here often?

>>301114
>What kind of investments did you make?
>How did you know they were the right ones?
I invest mostly in mutual funds, with a few side projects to go along. I know mutual funds, especially index funds, are good because its a proven strategy by peer reviewed researchers. Its slow and conservative, it works.

>>301115
Disagree 100%. Law firms need people who know their shit. Yes, some one has to bring in the clients. But someone has to keep them happy (winning). That's the job of the people who know their shit. Some of the best lawyers in my firm were social autists, but fucking experts in their fields.

>>301136
>Worked for a large Midwest firm for 14 years, and have practised on my own
>(U.S.) Midwest
>practised

Nope

>>301136
>all my own
>mutual funds
I do want to get into investing. I would be interested in seeing what your portfolio looks like as far as where your funds are being invested. In terms of dollars, whats your invested ammount and what are you making as a return on that investment?

>>301140
Most people aren't Warren Buffet.

>>301116
>What made you come to 4chan?
Been on 4chan forever. I'm the oldfaggiest oldfag there is. But I never tripped until /biz/ opened because I never had a reason to.

>>301117
>A British solicitor on /biz/?
No, just a bad speller. USA! USA! USA!

>>301120
>What type of advice do you give?
Good advice, hopefully. I advise companies in financial trouble.

>>301127
>What documents do you recommend you have ready to pass property and money to your next of kin of you die?
A will? Its not really my area of expertise, so I'm not gonna try to say more.

Life lesson: Knowing when to NOT give advice is equally important as giving correct advice.

>>301153
but I ain't most people, and I am not trying to become most people

i have a long history of conflict with "most people"

I would like for most people maybe become more like me but most people insist i become more like them

that were me and most peoples relationship went downhill...


now me and most people dont even talk, we don't even say hi when we pass each other in the hall

i have to say i think of most people as total dickhead and douche

>>301156
Funny story, parents of a wife's friend left everything to their lawyer because they couldn't grasp the concept of an executor. Lawyer was pretty chill about giving the pittance to the kid though.

So what is the worst thing about your job? Any good/bad work experiences you would be willing to share?

>>301156
How has your moderate wealth improve your quality of life.

>>301134
>what would you say has been the biggest financial mistake you've ever made?
Two things come to mind:

1) When I first started my career, I spent a lot of money on dumb shit. Sports car, clothes, toys, etc. All the cliche crap. It was great at the time, but now I just wish I'd put it in an index fund. That money could easily be another $1 million today if I'd invested it.

2) Got greedy and went in big during the dot-com bubble. I was only just starting to come around to boglehead principles then, and half my money was still in high-flying tech stocks. That crash hurt a lot. But it made me a committed boglehead, and I'm grateful for that.

>and the biggest personal mistake, for shits and giggles
Don't know if its a "mistake" or not, but I do sometimes have regrets about not marrying. Being a rich bachelor is great, but I do see the grass on the other side of the fence.

>>301175
>marrying

Don't be beta

If you're a multi millionaire, why haven't you ever had a girlfriend yet?

>>301175
still looking for info on what your returns look like. Do you withdraw your earnings each year from investments or leave all or the majority in so that you just let those investments grow n grow n grow

If you stopped working today and didn't work for the next 5 years, would you have enough money to cover all of your current expenses?

>>301175
>no kids
that kind of blows man. do you think it's too late, or have you just never had an interest?

>>301175
>have regrets about not marrying.
You dodged a bullet, m8.

Multi millionaire bachelor is master race status.

>>301140
>why is it a suckers game in your mind?it worked for warren buffet didn't it?
Warren Buffett isn't a stock picker. He makes large investments in a select number of companies. That bears no relations to what retail investors do.

I say stock picking is a suckers game because that's what the research shows. 80% of traders lose. I'm smart enough to know that I'm more likely to be the 80% than the 20%. So I don't play that game.

>>301142
>Thanks, one last question: is an MBA useful for business lawyers? Are joint JD/MBAs a waste of time and money?
When I was involved in hiring for my firm (10 years ago), it was a plus but not a major plus. While the JD/MBA thing denotes a serious student, it also gives the connotation of someone likely to leave the practice of law at the first opportunity to jump over to the business side. That was my perception, at least.

>>301143
>Ah any connections in Dallas? Come here often?
Alas, no. Most of the big business cases center around New York and Delaware. When I travel, it tend to be there.

>>301183
That's even better.

OP is living the life.

At what age did you make your first mil?

What's a good index fund to start with?

Going to start my IRA

>>301186
Has your moderate wealth improved your quality of life? Are you a lonely rich man?

>>301152
>I would be interested in seeing what your portfolio looks like as far as where your funds are being invested. In terms of dollars, whats your invested ammount and what are you making as a return on that investment?
I'm reluctant to post actual balances due to security concerns, but here's a snapshot of my 20 or so biggest gaining funds at Vanguard.

Don't put too much emphasis of the numbers, though. Some of these funds have been accumulating for a decade, and some are less than a year old. You can't look at basic performance numbers and get a true picture. You need more data.

But, I post this since some people think you can't do well with mutual funds. I disagree.

>>301196
>need more data
I'm a medical analyst, I luffs me some data. But to get through the nitty gritty currents under the water thing, I'm mostly interested in a fire n forget approach of 'its a sure bet that the majority of the time this investment will grow every year'. I dont mind the idea of dumping money into an investment strategy that'll take me 15-20 years.

I'm mostly interested in your specific strategies. Conservative investment is something I can agree with. Do you currently use your investment returns as supplemental income or are you just fattening those various investments up and up by letting them accumulate interest?

You said that you are a bachelor. What are you planning to do with all your money since you don't have kids who could inherit it? How exactly are you going to spend it? What is your passion?

>>301186
Research tends to not take motivation in to account. Most people don't beat the S&P, but that isn't necessarily the objective. Some people enjoy it as a hobby, some some people are risk averse, some people make big gains but don't trade much.

It's not a loser's game per se, because not everyone is playing with the same conditions in mind.

My portfolio is entirely in ETFs. What's your balance between equities/bonds and also between regions like US/EU/emerging markets?

>Being a multimillionaire

>Being so unimaginative that you spend time on 4chan

Fuck, dude. Get your shit together.

>>301168
>So what is the worst thing about your job?
I always hated firm politics. Wealthy lawyers will argue about anything, and they generally do. Too many assholes at the top.

Also, clients are a pain in the ass. I guess that's a universal observation, but its worse as a lawyer. At my level, I'm always on call. Clients do not hesitate to call me in the middle of the night, weekends, or even my attempts at "vacation." They also expect you to know everything about everything.

>>301173
>How has your moderate wealth improve your quality of life.
I have a nice house (no mortgage), decent car, and financial security for the rest of my life. If I want something and it costs less than maybe $5000, I can just get it. But I don't splurge. I live pretty frugally most of the time.

>>301180
>Do you withdraw your earnings each year from investments or leave all or the majority in
I haven't withdrawn from my investments in a long time. I have enough income from my job and other sources to more than cover my annual expenses. But that may change in the future as I head into early retirement.

>>301182
>If you stopped working today and didn't work for the next 5 years, would you have enough money to cover all of your current expenses?
Yes, I could stop working today and cover my current expenses forever. My funds throw off almost $200K/year in dividends and capital gains, and I have a private investment that gives me another $180K/year. I don't need to work anymore.

>multi-millionaire

What kind of multi-millionaire?

1-5 range, 5-10 range, 10-50 range...etc?

>>301089
>I inherited about $250K when my mother passed away. Financially speaking, it was not relevant to my net worth (as I said, 1%)

250,000 = 1% of $12.5m

Math not your strong point?

>>301218

If you were 20 right now, would you choose law or accounting as a career for the next 20 years?

>>301224
wat

>>301218
>. My funds throw off almost $200K/year in dividends and capital gains, and I have a private investment that gives me another $180K/year.

This is what I wanted to hear. Thats some pretty sexy investing there. I'd be happy to have investments right now that did a 10th of that.

If you remember , how much was your initial starting investment when you put money into the market? Do you still have that particular one as a part of your portfolio?

My older brother is graduating Law school and getting ready to take the bar exam (3k to take a fucking test, jesus). He is completely self-made, we were lower-middle class and he has very little connections to the world of law outside of a few friends who have already graduated. He is graduating from a top 40 university at the top 20% of his class, but he is very pessimistic about his opportunities because of his lack of "ins" in the business. What does he need to do to stand out? What does an applicant like him say to hiring managers when he knows no one at said firm? I think he has the drive and intelligence to be an outstanding lawyer, but I need to know how to help him get there.

>>301046

Considering your reply, (that you are apparently a professional worker) and that you have about $13M, do you consider yourself middle class or upper class?

At what age did you start your investments?

>>301215
>jellymad faggot detected

>>301218
>tfw either assholes at the top or loneness
I'm not nearly where you're at but hopefully isA I will be when I get to be your age.

Ever thing of starting a side business? Most people I know seem to either become judges or run other small businesses (our family helps a few judges in the area campaign since we control the Muslim vote).

If you're ever in the Dallas area, let me know. I would like to treat you to dinner. Would be my honor

>>301089

Did you make good use of that $250K, in retrospect or was it under-invested for a lot of time?

>>301215
this

what are you doing here? we are all NEETs and losers

>>301229

He said his net worth is $12.5m.

He said he got 1% of it from inheritance.

He said he received $250,000 from inheritance.

Keep up with the thread.

>>301239
Not all of us are NEETs. Also that's like asking a millionaire why he plays PC gaming. You act as if these things are exclusively for the middle/poor class

>>301242
Yeah....so what's your point? Or did you reply to the wrong person.

>>301183
>that kind of blows man. do you think it's too late, or have you just never had an interest
Most of friends have done the wife/kids thing, and I do see the rewards. At the same time, they are all jealous of my freedom, free time, and independence. Like I said, you always want the thing you don't have.

>>301189
>At what age did you make your first mil?
Late 20's, if I remember correctly. I recall thinking that it was cool to be a 20-something millionaire. I bought myself a bottle of good scotch to commemorate the occasion. In hindsight, it really wasn't a big deal.

>>301192
>What's a good index fund to start with?
Google "Three Fund Portfolio." Great to place to start as your learn the rope of boglehead investing.

>>301201
>I'm mostly interested in your specific strategies.
Honestly, I try to spread my bets as widely as I can. I'm about 85% stocks, 15% bonds. My stocks are currently about 80% domestic and 20% international. My funds are about 65% index and about 35% actively managed (I do believe that SOME active management is beneficial). I'm maybe 65% large caps, 35% mid and small. Very customary, boring allocations. I don't take chances with my funds.

>>301246

Do you have full blown downs syndrome? Stop posting.

>>301248
I think you replied to the wrong person in the first comment.

>>301247
It is not too late, ever.
My father had me when he was 65.

>>301243
>hey someone is tripping on 4chan
>better hop on the thread and beg for attention

Do you keep all your money in 1 bank? or do you have it seperated

>>301251

It's quite easily provable that I didn't.. Click the post numbers and you can easily see the chain. I replied to iHaz, you replied with 'Wat'.. Makes no sense.

>>301247
The analyst in me thanks you. I can totally agree that an active managed investments are needed. I like that you have 80% in domestic (although i wonder how purely domestic anything is now a days with multinational megacorporations). For your international investments, are you focusing on the currency markets, corporations, or raw goods

>>301255

It'll be in investment. Keeping large amounts of cash around is for suckers. Gets sapped by inflation.

>>301204
>Most people don't beat the S&P, but that isn't necessarily the objective.
I disagree. The S&P is a proxy for the markets as a whole. If you're failing behind the S&P, then you're falling behind the markets. And if you're falling behind the markets, then you're losing relative wealth (even if you gain, you still lose). To me, its vitally important to keep abreast of the markets.

All wealth is relative. Big numbers don't mean anything. What counts is earning more than others (greedy as that sounds). That's how you get ahead, or keep from falling behind.

>>301212
See >>301247

>>301237
>Did you make good use of that $250K, in retrospect or was it under-invested for a lot of time?
I inherited a portion of my mother's mutual fund portfolio. I left the money in the mutual funds, but changed the allocations to suit my allocation strategy.

>>301215
>>Being so unimaginative that you spend time on 4chan
>Fuck, dude. Get your shit together.
Meh. I think of this as my charity work. I'm sharing my advice for free.

>>301263

law or accounting in this day and age?

>>301263
Thoughts on Bitcoin?

;^)

Since, you are planning to retire early how much of your fund are in a Roth IRA?

>>301223
Read the FAQ.

>>301224
It was about 1% of my net worth when I inherited it. I'm made more since then.

>>301227
>If you were 20 right now, would you choose law or accounting as a career for the next 20 years?
I would choose law because I have the smarts to make it pay. I have an Ivy ungrad degree and went to a T14 law school. Made law review. Law pays very well at the top.

However, law is a brutal field these days for those not at the top. I'm hard-pressed to recommend it unless you know you're going to be at the top of your class.

How much money MINIMUM would you recommend for mutual funds?

>>301276
What do you do for women?

Do you just jump around between random GFs or are you an escort guy? ;^)

Hello Ihaz, thanks for taking the time to spread around some great info. You said you're a corporate lawyer. I'm starting a llc in a few weeks in an online field that's considered a legal gray zone. what type of corporate advice do you deal with?

>>301031

Thanks for all this advice. Being a man in his mid 20's with no knowledge about investing, I found it very interesting.

Any weird hobbies?

>>301230
>how much was your initial starting investment when you put money into the market?
I played with some small individual stocks when I was in high school or college, but nothing worth remembering. My first grown up investment was $3000 in Vanguard's S&P 500 Index, a fund that I very much continue to own today.

>>301232
>What does he need to do to stand out?
The job of young lawyers is to be available 100% of the time to do anything and everything, quickly and efficiently. Their billing rates barely cover their salaries and other expenses, so their primary use is making more senior lawyers look good and work efficiently. Firm make money on the senior lawyers. (And on the legal assistants, believe it or not.)

>>301233
>do you consider yourself middle class or upper class
By the metrics, I'm 0.01%. That makes me upper class by the math alone. But I'm not ultra wealthy, and I know it. I think and live with a middle class attitude, if that makes any sense.

>>301234
>At what age did you start your investments?
I started "serious" investing the first year that I started working, so about age 24 i guess.

>>301236
>Ever thing of starting a side business
I'm not very entrepreneurial, to be honest. I think I'm just too risk adverse. I suppose if I found something that I was passionate about, it could be fun. But the second it grew big or became a hassle, I'd probably bail. I'm just not wired that way. (And thank you for the kind offer.)

>>301260
>For your international investments, are you focusing on the currency markets, corporations, or raw goods
Mostly international benchmark index funds, to be honest. To me, international funds are just another source of diversification.

>>301299
>I'm not very entrepreneurial
At least you have the drive and skills to become successful via a means not many can.

What do you plan on doing in your later years? Most attorneys go down the judge path. We have a contract attorney that was a partner in one of the biggest firms in Dallas but now he just does consulting/contract work. Seems like a waste to me

>>301263
That doesn't refute my point about retail investors. You said 80% of retail investors are losers, by which I'm assuming you mean don't beat some market benchmark. I said some people's aim isn't to beat the market, and your response is, more or less, they should.

Maybe, maybe not. It depends on the specifics of whatever ass you pulled that number from. It doesn't really address the split your average person will have in their retail or institutional accounts, nor does it address the risk/reward spread of people in their respective percentiles, or the potential for them to improve their standing within the sample.

The statement that picking stocks is a sucker's game is about as silly as the people saying 'if Warren Buffet can do it, so can I'.

>>301031
Why do you lie about yourself?

>>301299
Aside from fad stocks/get rich 'in the moment' investments, whats your opinion on minerals investments? Perhaps I'm using the wrong terminology, but investing in the raw unprocessed goods that are required to create a multitude of products. A lot of this is just meta-thinking based on too many small and not serious intellectual forays into investing, but is it sound to put stock in metals or materials (copper, tin, chemical's used in creating plastics, semi-precious metals essential to the tech industry)?

I have approximately £35k ($60k) in savings, increasing by around £1k a month atm. I'm going to use 50 - 60% of this as a house deposit. The rest I intend to put into Vanguard funds/ETFs and drip feed additional regularly.

Any advice regarding choosing which funds? I assume you're not familiar with Vanguard's UK offerings. Also, how many funds should I be looking at with my current amount of cash? Just one or two?

Great thread man, I think I spoke to you before the days of /biz/, you posted a Vanguard screen cap showing a value of about 9 mil. You're an inspiration, keep contributing.

>>301275
>how much of your fund are in a Roth IRA?
$0, unfortunately. I've always earned too much to invest in a Roth. Besides, a traditional IRA has made more sense for me historically because of my tax bracket.

I do have a SEP-IRA, which is my only tax-advantaged account. It's got about $1.5 million. See the top statement in >>301039.

>>301272
>Thoughts on Bitcoin?
I'll confess to being very curious. But, no. Not even once. ;^)

>>301282
>How much money MINIMUM would you recommend for mutual funds?
$3000 of money that you'll have absolutely no need to spend in the next 10 years, and after you've set aside your emergency fund.

>>301291
>what type of corporate advice do you deal with
Primarily corporate restructuring. I know a little about incorporation law (I'm a P.C. myself), but not enough to give you credible advice. It's very state specific anyway -- not all states treat LLCs and LLPs the same.

>>301293
You're welcome. Nice of you to post that.

>>301295
>Any weird hobbies?
Same as most of you, I would guess. I get extremely addicted into MMO's. I used to requisition computers at the law firm so I could dual-box Shadowbane. I also became a dedicated runner in my 30's. I've run 7 marathons, including Boston.

>>301317
>I get extremely addicted into MMO's.

Playing Archage?

>>301317
10-box or GTFO.

>>301317
$3000 of money that you'll have absolutely no need to spend in the next 10 years, and after you've set aside your emergency fund.

How much money would you make off a good mutual fund with that?

>>301310
Also, when do you plan to retire and what are your plans?

>>301302
>What do you plan on doing in your later years? Most attorneys go down the judge path.
Being a judge appeals to certain folks, but not others. Its a lot of prestige, but not particularly rewarding (in my opinion). Most cases that go before a judge are boring, cookie-cutter disputes with bad lawyers on both sides. I don't think I have the disposition for it.

I do expect to have a "second career" at some point. Not for the money, of course, but for the challenge. Actuarially speaking I've got another 50 years to fill up, so I'd better find something.

>>301303
>The statement that picking stocks is a sucker's game is about as silly as the people saying 'if Warren Buffet can do it, so can I'.
Read the studies on retail investor stock picking and on day trading. These are peer-reviewed academic studies, and are generally available on the Internet. I don't make statements that aren't backed up by facts.

Stock picking is a losing game for the vast majority who try it. That's not even a debatable point.

>>301307
>Aside from fad stocks/get rich 'in the moment' investments, whats your opinion on minerals investments?
I'm probably not the right person to ask about sector bets. I don't profess to have unique knowledge about the markets or the economy. I do occasionally make small "side bets" on some sectors, with varying success.

>>301341
>Another 50 years

How old are you? I just turned 24 and about to acquire a 4th business. Just waiting for the license approval from Tarant county.

I hope your second business venture is successful. Think about investing in an apartment complex here in Texas. They're cheap and can bring in 40K-60K gross.

Glad to see someone successful helping anons out.

>>301310
>Any advice regarding choosing which funds? I assume you're not familiar with Vanguard's UK offerings. Also, how many funds should I be looking at
I tend to recommend very standard portfolio allocations. Mostly stocks, some bonds. Mostly domestic, some international. Mostly index, some actively managed. Specific allocations depend on your financial prospects and risk tolerances.

As for how many funds, as many or as few as needed to get the allocations you want. I currently own about 40 different funds, which I think is WAY too many. I would prefer to consolidate down to half that, but the tax hit would be too great.

>>301328
>10-box or GTFO.
I know, I know. I'm such a scrub. I even got kicked out of a WOW guild for being a bad healer. Fuckers.

>>301335
>Also, when do you plan to retire and what are your plans?
I'm basically in the process of retiring now. Since I work by myself, its really as simple as not taking on new business. I plan to relax for a little while, work on my house, run some more marathons, and figure out what do do for my second act.

--------

I think I'm caught up. If I missed or failed to completely answer anyone's earlier question, feel free to repost.

>>301357
What do you do in terms of women?

>>301341
Do you have something to back your position up? A study in particular? Otherwise, I'm calling "I don't need to cite my nebulous sources, argument ad populum".

>>301356
i hope you bathe in pig blood right before you die you muslim attention whore

>>301357
Missed this
>>301356

>>301356
>Think about investing in an apartment complex here in Texas.
Coincidentally, I have a small investment in an apartment complex in Houston. I'm a purely passive investor, though. Hasn't thrown off a lot of cash, but its been an ok investment.

>>301364
I did say I'd answer anything, I suppose. Getting girlfriends has never been trouble for me. I'm very attentive, funny, fit, and rich. Not especially good looking, but not hideous either. Now that I'm older, I'm a great catch for the divorcee crowd. Just because I don't have a wife or kids doesn't mean I repel women.

>>301366
I've posted links to the studies on other threads many times before. To start, look for the studies by Terrance Odean, a finance professor at the University of California, Berkeley. There are dozen of other studies with similar conclusions.

I can edit the html then print the page too.

>>301385
>fit

How much do you squat?

>>301385
Weird. Wish I knew your email or a way to chat with you personally. I have a realtor that found a deal for me that I passed up on due to my money being elsewhere. Worse comes to worse you could look at it..

>>301385
>>301385
Odean's study is about day traders in Taiwan, not stock picking. It's largely a condemnation of overactive traders who whittle away their gains in transaction costs. It doesn't really address the performance of a well picked basket of stocks versus the S&P or mutual funds.

I want to own a movie studio, I have a few friends who would do the thinks like shooting and editing the film wherea I would run the business end and secure deals. How would you suggest I get this up off the ground.

>>301412
Lol, stop right there

>>301140
Difference being that Buffett didn`t do deals with his own money, he had an investment firm.

>>301392
>How much do you squat?
I don't even lift, brah. Big muscles and running don't really go together. But my calves are amazing.

>>301400
>Wish I knew your email or a way to chat with you personally. I have a realtor that found a deal for me that I passed up on due to my money being elsewhere. Worse comes to worse you could look at it..
Unfortunately, my anonymity is pretty important to me. While none of my friends or family give a shit what I do with my free time, I work in a profession where appearances and decorum matter. Even though /biz/ isn't /b/, /pol/, or any of the nsfw boards, it would be guilt by association.

>>301405
Odean has published several studies. Take a look at:
http://faculty.haas.berkeley.edu/odean/papers/returns/Individual_Investor_Performance_Final.pdf

Also, the following says pretty much everything that I would say, if this was a thread entirely about passive investing versus stock picking:
http://www.norstad.org/finance/total.html

>>301412
>How would you suggest I get this up off the ground.
I don't know a thing about the industry, so I'm not sure what to say. Just do it? Are you stressed about the legal issues, or need capital, or what? Not sure what's stopping you.

>>301419
I understand mate. I feel the same way

Any tips on picking a lawyer?

How do i know if a lawyer is good?

>>301424
What kind of lawyer do you need? Law is a very specialized business.

>>301445

lets say criminal defense

>>301419

Even that study by Barber and Odean makes a number of concessions, among them that the averages used "mask tremendous variation across individuals". It largely covers the common mistakes retail investors make, which is good to know but doesn't really counter the point I made about the motivation behind retail accounts, namely pleasure, lottery, and risk management.

You want to talk about how most people should find a nice index fund and sit back, hey, I'm right there with you, but saying people shouldn't bother with it at all is silly, especially given the potential returns if you know what you are doing. For those 20% who can beat the market, saying "stick with actively managed funds" is just as much a loser's game, relatively speaking.

>>301031
>Ask a multi-millionaire anything

well why dont you give me few bucks to pay my uni deposit

>>301449
I don't know a lot about criminal defense practice. Its kinda the opposite of the law that I practice.

Contact the bar association for the state you live in. Just Google "California Bar Association" or whatever. Most state bar associations have a referral service, i.e., a listing of lawyers that practice in a particular field. While a referral from the bar association isn't necessarily a guarantee of quality, its probably better than hiring the guy who advertises on park benches.

>Better Call Saul

>>301458
I understand that you desperately want to believe that you are one of the minority that will buck the trend. I honestly hope you are. But the odds are not with you. And your unmovable confidence is, frankly, a symptom that researches have associated with the shortcomings of retail investors.

The problem with stock picking is not only that you're statistically likely to underperform the markets, but that you're doing it at a time in your life when the harm of that underperformance is at its greatest. Young people can and should take on a higher degree of risk, but they should do so in a way strongly correlated to the market's overall performance. Underperforming in your 20's is far more costly than underperforming in your 40's.

In any event, I'm not here to change your mind; I'm here to give advice to people looking for advice. You seem firmly committed to your investing strategy, and you don't seem to need or want my advice. Best of luck to you.

Who's going to win the premier league.

ITT: a NEET who wants to pretend he has money.

>>301031

How easy is it for you to move to other countries to live in rich areas of them? Do they give you entry and visas on the basis you're rich enough, or are you still not rich enough for that kind of treatment?

>>301479
Why would I want to leave the US? Besides, law degrees don't really travel well.

What is your morning routine like? I read that successful people get up early.

What drove you in your late 20s?

Thank you sir.

>>301485
Lots of opportunity overseas. Especially in Norther Africa and the Middle East

I'd much rather be a NEET than a millionaire

I can just eat hotpockets all day

>>301477

>CNN

You are definitely poor

Who is the best Free?

>>301494
And so is OP

>>301477
Who cares if he is or isn't a neat. Being like op is something to strive for.

>>301497
>being over 40 and on 4chan
>Lying on the Internet for attention
Yeah, sure sounds like something to aspire to.

>>301487
>What is your morning routine like? I read that successful people get up early.
Hahaha. I get up at 11, on a good day. I don't know where these "truisms" come from. Obviously I got up earliest when I had an office job, but only because I basically had to.

>>301489
>Lots of opportunity overseas. Especially in Norther Africa and the Middle East
Not for a Jewish lawyer.

>>301500
I mean the image he is portraying is something to strive for, whether he is or isn't for real.

I like him either way. His head is in the right light.

>>301501
Oh you're Jewish now? Last I remember you said you were a WASP.
>Jewish lawyers
Get a load of this kike.

>>301501
Wtf. 11? What time did u get up when you were younger?

And what drove you when you were younger?

>>301504
>his head is in the right light
Except for he's lying. So it's not.
>being on 4chan
>successful

I get the feeling that the millionaires that show up /biz/ (and statistically, it'a expected there would e a couple)- all tend to have very conservative portfolios. The other two I can recall said they were mainly in munis and t-notes, respectively.

It's almost like conservative investors do better in the long run than day traders and shitcoins speculators. Imagine that.

>>301031

>private equity

Ooh, bad move son. You're getting scammed. Only way to make risk-adjusted returns in PE is to run the firm.

>>301510
He posted proof. How is that not good enough for you.

And the proof he has has hole punch holes in the pages. Guaranteed no neet owns a hole puncher.

This man is different. Go away.

>>301469

This isn't about me, this is about you giving contradictory advice. You're simultaneously saying "you should take on more risk when you are young" and then saying "don't take too much risk because it screws you over if your capital base takes a hit".

Better to take the risk to find out if stock picking is right for you when you're young. 80% of 20-somethings will find out they have no sense for this stuff, and can continue on their plan for retirement down a few thousand bucks. 20% will find they can do better, and that skill lasts them their whole life.

Better to learn that lesson young than to hit middle age or retirement age, and then fuck yourself over because you never figured out how risk or portfolio management worked as an active participant.

>>301501
>Jewish
Haha I guess our people don't play along very well. I do enjoy the Jewish part of town. Only place to get Kosher gummy bears.

>>301516
He's telling you to take risks, just not stupid ones. Understand the difference.

>>301515
See:
>>301391
>>301477

It's not hard to figure out.

>>301505
>you said you were a WASP.
No, you must be thinking of some other multi-millionaire posting on /biz/.>>301509

>And what drove you when you were younger?
I've always wanted to be successful. I have good role models in my family. I worked hard so that I could get a prestigious job, buy a home, etc. because that's what successful people do.

As I got older, my concepts of success changed. But, fortunately, I'd already made a shit-ton of money by then.

>>301519
Have you ever heard of something called "sarcasm"?

>>301520
>some other multi-millionaire
Yeah, the whole six dozen of them.

>>301522
Sorry, only read until "he posted proof"

What do you think of the real estate industry?

>>301518
So then tell me, Wipe, why do you play stocks instead of just jamming it all in to an index fund?

>>301526
Because I invest large sums into my businesses. Stocks are just how I make extra money with the leftovers.

>>301527
But you're playing the losers game! Surely you should be doing better with a nice fund?

>>301524
Guy can't even read. Better go read how to win friends and influence ppl u guyf.

>>301531
To each their own. OP worked his way up and eventually started his own practice. He is making money that will just sit around since he doesn't need to to fuel his business.

Basically the money he spends on his funds is akin to what I spend reinvesting in my businesses.

For an absolute beginner, where would I go to learn about investing etc..
Interested in all of this, but realise there is a lot of work involved.
Dropped out of college (engineering) but want to go back and do something in business. What would you recommend? There is nothing in this world that I want other than money. I have no interests in going to college otherwise.

>>301535
Why are you guys asking him about investing? He generated lots of income that allowed him to invest. Why don't you start off with "how do I into success" before you learn to invest.

>>301547
It could be a girl too you know lol.

>>301501

Oy vey

>>301547
Because he's actually a NEET that crawled out of r9k.

>>301513
>Ooh, bad move son. You're getting scammed. Only way to make risk-adjusted returns in PE is to run the firm.
My firm represents PE funds, and the partners get to co-invest in our client's deals. I've never made a lot of money off them, but I've always done better than an S&P index, even after fees. So I have no complaints, though at the same time I don't gush about how wonderful PE firms are.

>>301516
As I said before, wealth is relative. If your portfolio takes a hit while the rest of the market ALSO takes a hit, its not a big deal. But if your portfolio takes a hit while the rest of the market moves up, you're screwed. That's the danger of stock picking. In addition to everything else that can go wrong, you've lost your correlation to the markets.

>>301525
>What do you think of the real estate industry?
As an investment, I'm neutral. I do own several real estate investments, REITs, etc. but they have done no better or worse for me than other sectors over the long run. I've never been into actively participating in a RE deal (buying to rent, flipping, converting, etc.). Seems like a pain in the ass, I guess.

As an industry, its a mixed bag. I've represented some very scuzzy folks in the industry. At the same time, several family members do residential and commercial developments. I like them (usually).

>>301535
>For an absolute beginner, where would I go to learn about investing etc..
>Interested in all of this, but realise there is a lot of work involved.Dropped out of college (engineering) but want to go back and do something in business. What would you recommend? There is nothing in this world that I want other than money. I have no interests in going to college otherwise.
Seriously, focus on your career 100% before you even start to think about investing. Nothing, NOTHING, beats a solid, stable job income. Investing is the dessert. In fact, investing when you don't have a solid work income is really dumb.

>>301561
>Seriously, focus on your career 100% before you even start to think about investing. Nothing, NOTHING, beats a solid, stable job income. Investing is the dessert. In fact, investing when you don't have a solid work income is really dumb.

AKA

>>301547

>>301534
And that's the type of lesson everyone should learn. Risk and returns aren't the type of thing that can be taught. Better to lose a few bucks and learn to put your money someplace smart than to do what someone says and always be wondering. How many people got fucked over in 08 by turning their 401k in to cash because they never learned what it's like to lose 10,20,30+%, or to just keep their hands off? That's the type of thing being in the 80% teaches you.

If you're good, you end up in the 20%, and things get even better.

>>301547
>>301547
Maybe they (like me) don't want to change their jobs/ordinary lives for the sake of money when they have money that they don't use ready for investments.

OT:
I'm glad I found this thread, will look more into bogleheads forum/site tomorrow. Appriciate the time you've put in to answer most of these questions. I do have one of my own if you don't mind answering.
Would you say the destination is not at all what it's cranked up to be? That it's just an illusion to get through the day and not give up.
Because the way I see it, your day won't get better than when you stop and breath for a moment and just take in all there is right then and there no matter where or what you're doing. I don't know if there's even a question in there anymore, too tired to think.. Anyhow, keep up the good work and do post more.

>>301561
I'm not saying never use index funds, or diversify, I'm denouncing your claim that stock picking is a loser's game.

>>301566
Agreed. You're going to lose sometimes and you're going to win others. The idea is to calculate the risk before (actuary sciences ftw) and invest wisely.

Take some risks but don't go full retard like some people do with those property investors that guarantee "100K of equity locked in, INVEST NOW"/

>>301564
Yes, this. Success before stocks, people.

>>301575
From his point of view, stock picking is in fact a loser's game. Whereas for me its just extra money that even if I lost it I would be just fine.

The risk for him investing in individual stock Vs. my risk is quite different.

What is your opinion on poetics OP?

>>301588
Right, but risk profiles are different for everyone. For him, it's a losing game, for you, it isn't. For anon? Who the fuck knows. I err on the side of diving in and figuring this shit out than sifting through the shit on 4chan.

And the irony of that statement does not escape me.

>>301566
I see your point, and you're right that sometimes people need to make their own mistakes. I don't pretend to be a smug, perfect little boglehead who's first words as a baby were "index fund". I made dumb mistakes in all the usual ways: stock picking, margin investing, options, conspicuous spending, etc. Some of them hurt, and some of them hurt a lot.

And in doing so I learned my strengths and weaknesses, exactly as you point out. All I can do now is tell people about where I ended up, from an investment strategy standpoint, and let them make up their own minds. Maybe I can help some people avoid some of the mistakes I made.

>>301574
>Would you say the destination is not at all what it's cranked up to be?
Thanks for your kind words. This is a really big question, but worth answering. I would saw that the destination is not all that I expected, but its still pretty good. A younger me would have pictured $12 million very differently that what it means to me in actuality. Its not drugs and limos and hookers. Its not getting everything that I want. Its not flashy or even exciting.

Its security, stability, comfort and peace of mind. Its knowing that I'll be taken care of well into my 90's. Its know that always have the best medical care possible. Its knowing that I will never need something and not be able to have it. Younger me would not be impressed by these things, but current me knows he is extremely fortunate to live a carefree life.

>>301602
What average annual percentage gain do you make a year off your investments?

I have 20k laying around. Should I wait and build my fortune before investing?

>>301602
>Security
It really does boil down to that. My motivation is due to wanting to provide my children with the best education possible, and my wife every luxury she wants (although tbh I instigate this by forcing her to go to the boutiques).

Ever think you'll marry mate? I did it and things become much simpler having a partner in life. And no, I'm not in any way jealous of your freedom and independence because when you meet "the one" those feelings fade into co-dependence.

>>301606
20K is a fine start. Might be a bad year to buy in though..

>>301031
Can you summon dubs on request?

>>301136
>Worked for a large Midwest firm for 14 years

K&E? W&S? Edleson? Or some other firm?

>>301608
>give your wife every luxury she wants

That's just not fair, and pathetic.

>"the one"

You fucked up.

>>301613
Her happiness is my happiness. Sure I "treat" myself. This month is was a new Alienware (geek at heart) but her "treat" was a trip the the Chanel store.

We have different sources for our happiness. Her's is mine.

>>301618
>Alienware (geek at heart)
why

>>301611

>>301620
Got tired of my Macbook and wanted a ricer laptop and my forklift wasn't getting used.

Actually mostly because the colours change on the keyboard and its SSD is beastmode fast.

>>301622

>>301608
>Ever think you'll marry mate?
I'm not ruling it out, but I'm not sure I'm wired that way. A good marriage is about making compromises (or so I hear from my friends). I don't do very well with compromising.

>>301612
No specifics, but you're in the right tier.

>>301611
>Can you summon dubs on request?
Apparently you can. I kneel at your feet, anon.

>>301622
Are you a wizard?

>>301618
Hello wipe.

Any advice on how to be a man and not be afraid of being rejected. What drove you when you started?

>>301618
>her happiness is my happiness

>alienware
>geek

You're a fucking pathetic beta

>>301630
By rejected I mean failure

>>301618
Holy shit, you're pathetic.

--------------
It's a beautiful sunny day here, and I'm headed out for a run. I'll be back later and answer any missed questions directed my way. Thanks /biz/.
--------------

>>301629

>No specifics, but you're in the right tier.

I think you mean:

>not working for Wachtell Lipton
>not dedicating your life to trolling Carl Icahn
>not laughing and rolling in your millions gotten at the expense of shareholders

I'm disappointed in you, OP.

>>301031
Wait aren't you that fucking jew (literally) lawyer who is like 45 years old and makes like 200-250k/year and did nothing but turbo-boggleheads afkvesting?

Why should we be impressed? because you got a high paying job? You didn't do anything novel or unique.

>>301618
That Alienware Conspicuous Consumption brand will earn you no points here.

Really though, I'm surprised at the number of people on biz who don't realize that marriage is a trade, just like everything else.

>>301629
Would explain why several of our attorney friends that marry other attorneys don't last too long. But I would agree with your friends, marriage does require quite a bit of compromise from both ends only IF you didn't weed these issues out during the dating process.

>>301630
>>301637
I think what lit the fire was my cunt of an ex-girlfriend saying I would amount to nothing when I was 18. Asian bitches man. They're the worst.

That's what started it and when success started coming my way I couldn't get enough of it. It's a sense of fulfillment that's hard to describe.

Ever paid for sex or used your money to live out extreme sexual fantasies?

>>301649
>success started coming my way

You haven't mentioned any of that in this thread. Why are you tripping again?

>>301262
>Implying the coming financial crash won't eat most of his savings for the next few years
They'll recover, but in the meantime he'll be shitting himself.

>>301659
"Don't invest because the crash is coming!" is such bullshit advice.

>>301649
Cool man. Hopefully I can get into that mind set as well. I'm almost there.

>>301723
>anything that isn't stocks
IT'S A BUBBLE, DON'T INVEST

>it's stocks
IT'S NOT A BUBLE, INVEST INVEST INVEST, TO THE MOON

can I borrow like $50
please and thank you.

>>301052
complacency is an affair only contemplated by the mediocre.

>>301746
Why?

>>301754
Ok I will print this out and make it my mantra

>>301755
https://www.youtube.com/watch?v=45M0cz-9Nvs

>>301755
To invest in a webcam for live Jasmine.

>>301761
>>301760
No bitcoin 4 u

>>301765
come on bby.

>>301770
no

>>301786
please

>>301419
What's yours opinion on /pol/ and the Jews
Do you watch anime

>>301646
>Why should we be impressed?
>You didn't do anything novel or unique.
If its so easy, come back when you've done it.

>>301649
>Would explain why several of our attorney friends that marry other attorneys don't last too long.
A couple reasons, actually. First, the profession is very demanding on time, and very unforgiving of outside interests. Outside interests include family, kids, vacations, etc. Seconds, lawyers are good at arguing and used to always being right. Putting two such people in a relationship is a recipe for disaster.

>>301652
No.

>>301754
>complacency is an affair only contemplated by the mediocre
Sounds pithy, but I'm being realistic not complacent. I'm content at my level of wealth. I know what it would take to reach the next level of wealth, and I'm just not willing or able to go down that path.

>>301814
>What's yours opinion on /pol/ and the Jews
I've been on 4chan long enough that the casual racism and antisemitism don't really bother me. I know enough about real hate groups to know that the vast majority of /pol/ are weeaboo posers and not real Stormfront.

Its also reassuring to me that in the real world, racists and bigots generally have no power and no money. They pose no real threat to me, my life, my wealth, my freedom, or my way of life. Its so obvious that I often wonder if there's a scientific correlation between bigotry and poverty.
>Do you watch anime
S-s-s-ometimes, senpai. But its not as if I like it, or anything.

>>301855
I didn't say it was trivial, I said it was unimpressive. An important distinction.

>>301857
Perhaps "easy to accomplish" is a better word than trivial here.

For instance:

It's very hard to become a plastic surgeon, a T14 law school + high marks lawyer, or an investment banker at a good firm.

Note that this this doesn't make any of the above impressive or noteworthy except to people who either overvalue upper-middle-class esque money or have extremely low ambitions.

Basically you are nothing more than a blue collar worker with a marginally higher salary. You are injected molded into the sterotypical role and perhaps do a few token things to feel like you're a special snowflake, but that's about it. 99% of your life story has already been written, read, and quickly hereto discarded.

Go big or go home.

>>301855
What kind of car do you drive? I'm curious because your younger self sounds an awful lot like me haha.

>>301855
Are you in to moe stuff out more serious anime? Both?

>>301874
A 2004 Lexus. Yup, my shitty car is almost 10 years old.

Where I'm from, people do not give a shit what other people drive. Between the snow, crappy roads, street parking, careless valets, etc. there's just no upside to having a nice car. An expensive car would be seen as a sign of foolish indulgence, and not as a symbol of success.

>>301031
Do you work with or for the American government?

>>301887
ok ive got a question for you mr.millionaire.

ive got $650 from my tax refund. i already have ~$2000 in stocks. what should i do with my tax money?

>>301795
what is this? is this a game? It looks fun

>>301896
Oh my ID is Sexy, hugs & kisses -- SeKsC + xo :D

>>301887
I'm assuming the place you're from is also full of jews and i will at least give you that, you don't fall for this bullshit nouveau riche garbage

>>301887
Aww cmon.
50 year old multimillionaire on 4chan who drives a car that was made in 2004.
You can definitely make decent money by writing fiction, tho. Also, HTML editing skills are nice.

How many women have you had sex with?
Are you married? kids? Want them?
At what age did you become a millionaire?
What do you spend most of your money on?

How do you recommend one get involved with investing in vanguard?

I've got about 5000 in capital i'd like to seriously invest, but would i need to contact them directly to set up an account?

I'm young and everyone calls me a genius, yet I don't know what to do with my life. How do I into rich if I live in a third world country?

>>301908
>How many women have you had sex with?
Nil. I'm still a virgin.
>Are you married? kids? Want them?
I don't think i can financially support them.
>At what age did you become a millionaire?
A few hours ago, when i forged the documents by changing a few things in Firefox's HTML editor. Don't ask what.. it's a secret ;)
>What do you spend most of your money on?
Food, rent, books about HTML.

>>301039
Why don't the top two numbers add up to the third number which claims to be "Total value of all accounts"? I believe you, I'm just curious to know the reason.

Also, you say you're worth $12.5million. Break down where that money is. How much in Vanguard? How much in private equity? How much in cash? how much in real estate

Also, you said you're a Jew. That's a big part of your success. Jews go far in law because of all the nepotism involved. Especially if you have a surname that ends in berg or stein (do you?) If I sound racist, I'm not trying to be. I'm not racist at all against any ethnic group but employment discrimination does exist. It's like how white men make more money on average than black men. Not racist, just a fact. Be grateful for your blessing.

Also, it's good of you to come to /biz/ and do this stuff. I'm 24 and I've already been a boglehead for years. I guess you could say I was smarter than you at our respective ages :^)

>>301855
Thank you for doing this, it all is really useful.
I do have a couple of questions:

>Do you know anything about investing (succesfully) in the US stock market from a developing country? If I, let's say, wanted to invest in a Vanguard three-fund portfolio, would the taxes and fees be worth it?

>Is there a /biz/ archive yet? If not, how would be the best way to save this thread?

I've asked the first one here a couple of times before, without any luck.
Both are for everybody who can answer them, not just OP.

>>301884
>Are you in to moe stuff out more serious anime? Both?
I prefer the stuff with a good story and interesting visuals, like the Monogatari series, Spice & Wolf, Bakuman. The moe stuff is fine too.

I don't go crazy over anime in general ... its just another form of media to pass the leisure time, not inherently better than TV shows or movies. In other words, I like some anime, but I don't have a waifu or a body pillow.

>>301891
>Do you work with or for the American government?
No, but I've worked against them. By which I mean, I've sued the government on several occasions. Government lawyers are nasty fuckers. They don't care about wasting time or money, so its almost impossible to bully them or even motivate them to make economically sound compromises.

>>301895
>ive got $650 from my tax refund. i already have ~$2000 in stocks. what should i do with my tax money?
Is your emergency reserve set? If yes, then invest as long as you don't expect to need that money for the next 10 years.

>>301905
>50 year old multimillionaire on 4chan who drives a car that was made in 2004.
Yeah, sorry to spoil your expectations. My car is for getting from Point A to Point B. I don't need to buy a metal penis to show off my wealth. No one worthwhile would be impressed anyway.

You know what impresses me and people of my level of wealth? Organize a charity drive, endow a chair at an educational facility, fund a community outreach program, donate to your local church or synagogue.

You know what DOESN'T impress me or people of my level of wealth. Your car.

>>301922
>Is your emergency reserve set?
no. emergency reserve for what? and how much is it supposed to be?

>>301922
Please >>301921

How do I git gud at the college recruiting process?
I am failing at impressing employers.

Accounting major.

>>301922
Have you ever thought about searching for a waifu? Do you browse /a/? Have you ever considered funding season 3 of Spice and Wolf?

>>301914
You can do it all online, as far as I know. You can move the money electronically from your bank account straight to Vanguard. Its literally that easy.

>>301915
>I'm young and everyone calls me a genius
Are you really smart, or just the smartest goat herder in your village? If your truly a genius, get your ass into a top-tier American university. The rest will work itself out.

>>301920
>Why don't the top two numbers add up to the third number which claims to be "Total value of all accounts"? I believe you, I'm just curious to know the reason.
I have four accounts at Vanguard. The top statement is my SEP-IRA. The second statement is part of my normal mutual funds. The third statement is a combination of the rest of my mutual funds plus my brokerage account. I have no idea why they do it that way. I think I own too many funds to fit their system.

>>301920
>Also, you say you're worth $12.5million. Break down where that money is.
About $9.5 at Vanguard (all accounts). Another $600K at other investment firms. About $1.8 million in private investsments. My house is worth about $700K. Those are the big items.

>>301920
>Also, you said you're a Jew. That's a big part of your success.
Gotta call bullshit on this one. Absolutely zero nepotism or Jewish bias has factored into my life. I got a job for a large law firm in a city hundreds of miles from the rest of my family. Large law firms are historically anti-Jewish, not pro.

Did my family help me along the way? Yes. Does the fact that we're Jewish have anything to do with that? I don't see how. Family is family.

>>301921
>Do you know anything about investing (succesfully) in the US stock market from a developing country?
Not a lot, unfortunately. In fact coming to /biz/ has been an education for me. I always thought that Vanguard here was the same worldwide. Now I know the funds and fees can differ widely.

My advice is to treat Vanguard as any other investment vehicle. Look at the fees, the offerings, the track record. Then choose the best thing available to you.

>>301926
>emergency reserve for what? and how much is it supposed to be?
Sound financial planning call for you to keep 3-12 months of living expenses in 100% safe liquid funds (cash or short term CDs). Part of sound investing is being able to absorb the blow of a short-term disruption in your income flow without having to cash out your investments. If you don't have a reserve, you shouldn't be investing.

>>301936
I haven't done hiring in a long time, and I don't know anything about the accounting profession. Sorry.

>>301938
I laughed.

>>301940
>get your ass into a top-tier American university
Yeah, I've been thinking about it all this year. But I wasn't really certain of it being a good idea.
I mean, the city I live on it's not a terrible place, yet, there's no sign of work anywhere. Guess it's something I need to solve by myself.

>>301940
>Note: /biz/ is NOT a place for ADVERTISING or SOLICITING. Do NOT use it to promote your business, ventures, or anything you may have an interest in.
>Vanguard
>Vanguard is owned by the funds themselves and, as a result, is owned by the investors in the funds
Millions or not, that advertisement is clear.

>>301940
>my brokerage account
You have a brokerage account at Vanguard on top of the mutual fund holdings? I take it you do some active trading then?

>Gotta call bullshit on this one
OK, it doesn't apply to you but I can guarantee that it does happen.

As a lawyer do you use sketchy tax schemes to take money out of your firm? Out of curiosity how do the "rich" take money out of their companies? Just regular salary/dividends or a more elaborate way to reduce taxation?

>>301946
What is your IQ?

>>301252
Top......kek

>>301945
Thank you.

>>301946
Where are you from, developing-country brother?

Also
>Is there a /biz/ archive yet? If not, What would be the best way to save this thread?

>>301949
>>Gotta call bullshit on this one

Can you prove this Jew nepotism bullshit? I'm an atheist but born jewish, I look the part to an extent too. No benefits here.

>>301945
>Sound financial planning call for you to keep 3-12 months of living expenses in 100% safe liquid funds
perhaps i shouldnt be investing until i graduate from school. probably should have mentioned that.
ive got 1 more year for my bachelors then 3-5 years at grad school. does this change anything? i predict to be in some debt throughout all this, so how does that change my investment planning?

>>301948
>anything you may have an interest in

Since nobody has an interest in Vanguard in the sense they'd experience direct financial benefits from people moving accounts there, I'd say shilling for Vanguard is A-OK.

>>301948
Fuck off. We tell people to use vanguard here all the time. It's not an advertisement, you can use whatever you like. They're usually recommended because they're in most of the world, and proven to be dependable. S&P 500 or equivalent, maybe one more (emerging markets), and then whatever good funds your country has. I plan on diversifying into three different ones; one for most of the world, S&P 500 and a local one (not vanguard, but as good or better than the S&P 500 with zero fees).

>>301954
>atheist
>jewish
Without spinning a dreidel once in a while, you cannot be considered a jew.

>>301954
If you browse /pol/, you're bound to find "evidence", but it's up to you whether or not to take it seriously

>>301964
>if you browse /pol/

Yeah fuck off

>>301953
Mexico

>>301951
Well, when I was a child, I remember a psychologist told us I was above average, but I don't actually have a number.
And I don't believe on internet tests, but I usually score 130-120 on those.

>>301954
>Can you prove this Jew nepotism bullshit?
I've seen it first hand.

>atheist
You're an idiot to not play up your Jewyness. Jews go very far now and can make the best connections. I friggin wish I was Jewish.
>>301964
>browsing pol
not even once

>>301964
>>301965
This is now a redpill thread.

[Juden info]
http://pastebin.com/MSvkCCRy

[general /pol/]
http://pastebin.com/2Ba59YJ7

>>301948
Report me brah. If recommending Vanguard is bad, then I don't wanna be good.

Seriously, I don't give a shit if you invest in Vanguard, Schwab or Fidelity. Any of the low-fee shops are fine. So up yours, troll.

>>301949
>You have a brokerage account at Vanguard on top of the mutual fund holdings?
Yes, I have about $500K that I use to "play" with individual stocks and ETFs. No terrific successes to report, however.

>>301949
>I can guarantee that it does happen
Of course it happens, to all races, religions and creeds. Its human nature.

>>301949
>As a lawyer do you use sketchy tax schemes to take money out of your firm?
My firm is an S Corp, which is a pass-through entity. I don't pay federal taxes at the firm level, only on my personal income.

I do maintain a legitimate home office, and therefore get to deduct a lot of stuff as business expenses (internet, utilities, etc.). I try not to be sketchy about it, though I have been both audited and investigated by the IRS and by my state.

>>301951
>What is your IQ?
I was tested as a child to confirm that I was gifted, whatever the hell that means. I've been smarter than other students my age since the earliest I can remember. The actual IQ number has been lost with time, as far as I know.

>>301956
I don't really recommend investing until you have a stream of steady income. Part of sound investing is maintaining a long-term perspective, allocating your income among competing life goals (house, retirement, car), and weathering down times. None of that is really appropriate with a salary or steady wage.

I don't mean to discourage starting early. Starting early is VERY important. But until you have a full-time job, its really just practice.

>>301974
Wait you're not joking?

>>301974
>This is now a redpill thread.
No it isn't. Please fuck off, no one wants you here.

>>301976
of course. im not going to attempt to derail this excellent thread, besides, there is no need for me to dump pol stuff on biz.

>>301967
>I usually score 130-120 on those.
Classified as gifted and/or very superior so you are on the right track.

>>301983
Ok leave faggot

>>301948
>advertisement is clear
Nigger what the fuck are you talking about? Vanguard is the biggest financial institution on the planet. It has 2.5TRILLION in assets.

Saying iHaz is shilling them would be like saying saying someone who mentions JP Morgan on /biz/ is soliciting them.

Bullshit of the highest order.

>>301987
no.

>>301031
What's it like to be poor?

Does the idea of travelling the world as an affluent nomad and doing exciting, random things entice you at all ?

>why aren't you out having the adventure of a lifetime ?

>>301975
Promoting =/= recommending.
A "multimillionaire" appears that has made a fortune by putting money in the group. Everyone sees a clever and experienced man in him who's made a very wise decision a while ago, who now can enjoy real freedom and financial independence. Everyone eats noodles for dinner for the next few years, because they gotta invest some money.
Recommended, popular, reliable -- that's all good, but what you're doing is a plain promotion.
It's so stupid but it works.
I'll spare the anti-Semitic remarks, don't worry ;)

>>301981
Kikes getting assblasted ITT
The dude asked for evidence of Jewish nepotism

>>301974
The Jewish conspiracy stuff always cracks me up. Its amazing the lengths people will go to convince themselves that their shitty lives can be blamed on someone else. Why take responsibility for your problems when you can just blame them on some minority group?

As I said earlier, I'm convinced there is a scientifically provable connection between bigotry and poverty. That one causes the other, and vice versa.

>>301995
>Does the idea of travelling the world as an affluent nomad and doing exciting, random things entice you at all ?
Somewhat, yes. My brother does this, and I'm often jealous as hell at the things he does. I've never been able to travel that much due to the demands of my job. My clients expect me to be reachable, always.

>>302001
>I'm convinced there is a scientifically provable connection between bigotry and poverty
There is. The poorest members of society are the most discriminated against. And often a person's shitty life can be blamed on the environment that they had no control over. Luck is such a crucial factor that is often overlooked.

>>302001
just think you could post greentext stories like:

>do an 8k run to small malaysian village along a beach
>spend $3000 to buy town brother for the night
>take local, psychadelic drugs
>have 30 or so (i forget) 8+/10 malaysian whores all line up naked on beach
>give each of them about 100 pumps
>tfw fucked 30 women in 20 minutes

>>302001
>Its amazing the lengths people will go to convince themselves that their shitty lives can be blamed on someone else. Why take responsibility for your problems when you can just blame them on some minority group?
woah woah woah slow down there. i didnt say any of that stuff. people can take responsibility and acknowledge zionists have been running shit for decades. but this isnt a pol thread so ill stop. thanks for the tips, friend.

>>302011
alternatively, why not go to a desparately poor country and fund an offspring institute where you basically ghengis khan that shit and turn out hundreds of offspring. rule the world through genetix

>>302015
Hehe. I've thought about. Not what you wrote exactly, but about moving to some shitty country where $12 million is actually worth like $50 million.

But then I have to live in a shitty country. I like Merica too much.

>>301046
> Clients pay me as much as $950/hour for my advice.
What clients? What job? How do you build reputation to be giving advice?

Do you have any recommendations in terms of borrowing money for life investments (school, house, etc)? Is it better to try and earn everything up front or are there situations where borrowing makes sense?

Also, what do you look for in a financial institution you'd like do business with? Are there clear indicators of who you should or shouldn't trust your money with?

>>302016
>But then I have to live in a shitty country
>But then
>then
I have bad news for you.

>>302016
I like the United States of America too ! I'm a Canadian but I've been fortunate enough to travel to Montana, California, El Tejas, Colorado and Nevada.

America is a hotter, more happening version of Canada. People are wonderful, all sorts of crazy fucking shit is everywhere and it's an extravagantly awesome time even if one is poor. Can't wait to go back

>>302020
>What clients? What job? How do you build reputation to be giving advice?

Dude, read the thread. He's a corporate lawyer that used to work for a Biglaw firm before starting his own practice.

What advice do you have to anyone who has suddenly become rich? How do you trust people to manage your shit? And by suddenly rich I mean woke up in a new bugati rich.

>>302037
>dat rob bailey reference

hi /fit/

bye op, it's been awesome to read your thread. Inspiring !

>>302021
>Do you have any recommendations in terms of borrowing money for life investments (school, house, etc)? Is it better to try and earn everything up front or are there situations where borrowing makes sense?
Borrowing for a house is fine, and can be a sound financial investment as long as you don't extend yourself. Borrowing for school is an investment in yourself, as long as it honestly adds to your future financial and employment prospects. Borrowing to buy a car is ok; never a great move but a necessary evil more often than not.

Borrowing for other purposes? No thanks.

>>302021
>Also, what do you look for in a financial institution you'd like do business with?
I look first for low fees. Second, I look for low fees. Then, third, I make sure the fees are low.

Fees matter. A lot. Avoid them as much as possible.

>>302023
Its not as though I've never left home. I've been coast to coast in the US, to Europe several times, to Mexico, Central and South America, and even Canada (West, Central and East). I almost married a Canadian.

>>302037
>How do you trust people to manage your shit?
I don't. No one makes decisions about my investments other than me. As for my mutual funds, those that are actively managed follow the rules set in the prospectus. They can make decisions, but only within limits. If I'm not comfortable with those limits, I stay away.

>>302040
Cheers.

>>302015
That's fucking genius, I want to hug you

thanks for the thread OP

>>301357
>and figure out what do do for my second act.
sitting on 4chan and calling people niggers is fun

>trust fund baby turns 250k into 1m+ using investments

Real amazing, guy. Give anyone that much who isn't a doofus, and they'll make just as much.

>>302084
Read the thread jackass

>>302090
Still not as amazing as someone who enterprises and made their money creating something useful for humanity.i Haz is just a dirty kike

>>302090

Yeah, getting a free startup from your rich mom, then investing most of it, while also being a lawyer.

If he started from absolutely nothing, I'd be much more impressed.

are you a class action lawyer? that's where the big bucks are made. either that or legal counsel for some big corporation like JP Morgan, IBM, Intel, Microsoft, Google, or a japanese or german multinational corp.

do most lawyers know how to invest? where do they learn it from?

how do you relate to women? what kind, and where do you get them from? do you even look at porn?

what do you do with your money? what kind of legacy do you want to leave? (example build wind power plant or something that lasts long after you and benefits mankind)

how do you feel about powerball or megamillion winners? what would you do if you did win at one of those?

in one thread you mentioned of a 400k loss in the 2008 crash. was it stressful? what level of loss do you consider stressful?

I suppose you diversify, but what do you consider your riskiest (or boneheaded/purely speculative) investments?

any precious metals holdings? any cryptocurrency?

any habits of young people you shun and find destructive to their financial future?

what kind of home do you have? mcmansion? palace? million-dollar apt on upper east side?

do you have SHTF plans? firearms? cottage or cabin in cereal fields in the middle of nowhere?

do you trust the dollar? do you fear hyperinflation?

pic shamelessly stolen from the interwebs

>>302095
He gained the 250k when his mother died, at the time he received 250k it was roughly 1% of his networth.

>>302094
>>302095
You haven't achieved shit.

>>302055
I gotta ask- how do I refine my people skills? I don't want to have someone pull a fast one on me and I kinda wanna start my own tech company (eventually) and I know that socializing and schmoozing is a big part of it

ty for your advice

>>302098
that's still a fuckload of money

give me 250k and I'll be investing that and living off 30k a year

>>302098

Should I care? I'm not being spiteful, I'm just saying that being rich and ending up richer isn't impressive to me.

>>302110
>>302111
Oh god. He gained the 250k by the time he had a net worth of 12.5 million.

Are you stupid?

>>302095
>Yeah, getting a free startup from your rich mom, then investing most of it, while also being a lawyer.
>If he started from absolutely nothing, I'd be much more impressed
I never claimed to be a rags-to-riches story. What I claimed is what I posted in this thread. I'm not going to lie to make my story more dramatic or heroic.

Besides, I came here you answer questions and give advice. Impressing you was not on my agenda.

>>302096
Holy shit you ask a lot of questions.
>are you a class action lawyer?
No. Class action lawyers are vultures and scum.
>do most lawyers know how to invest? where do they learn it from?
No. Most lawyers are clueless. Some have a business background and they do fine.
>what do you do with your money? what kind of legacy do you want to leave? (example build wind power plant or something that lasts long after you and benefits mankind)
My name is already on several buildings and several charity programs. I don;t have enough money to change the world, but I do a small part.
>how do you feel about powerball or megamillion winners? what would you do if you did win at one of those?
Another $5 million wouldn't change my life at all, odd as that sounds. Maybe $50 or $100 millions would be cool.
>in one thread you mentioned of a 400k loss in the 2008 crash. was it stressful?
My net worth goes up and down by several hundred thousand a day according to the market close. I don't get stressed at all by it. I'm confident in the long-term trendline.
>I suppose you diversify, but what do you consider your riskiest (or boneheaded/purely speculative) investments?
I bought some penny stocks when I younger, thinking the markets would always go up. Then the dot-com bubble burst.
>any precious metals holdings?
Yes, a small position.
>any cryptocurrency?
No.
>any habits of young people you shun and find destructive to their financial future?
Conspicuous spending on luxury assets.
>what kind of home do you have? mcmansion? palace? million-dollar apt on upper east side?
Answered above.
>do you have SHTF plans? firearms? cottage or cabin in cereal fields in the middle of nowhere?
No.
>do you trust the dollar? do you fear hyperinflation?
Yes, and no. The Fed is all powerful. The happening will never happen.

Hi iHaz.

I have less than $10k to my name and I'm 30. Been working a dead end desk job for the past 10 years and pretty much live paycheck to paycheck on rent with a couple hundred per month on free spending left over.

What is my best approach with my $10k? I've been looking at trading ETFs, I've been researching the gold market. It is very bullish. I'm not keen on company stocks.

I just figure I'm going to roll massive chunks of my savings to hopefully get a nice snowball going.

>>301423
>I understand mate. I feel the same way
>I feel the same way
>regularly posts pictures of him and his wife
lel, Wipe pls

>>302125
>pretty much live paycheck to paycheck on rent
There's the problem, right there. Investing isn't going to change your life, but a better job could.

I don't know enough about you to be a life coach or anything, but have you considered using your savings to get a new degree or accreditation that would lead to a better income?

I've said it before in this (very ling thread), but I'll paraphrase: job first, investing after.

Do you think you could have made more if you had been more risky or got a new job or opened a business?

>>302132
Did you ever had to deal with corruption?
How did you manage it?

>>302132
what's your opinion of patent law in the US?

>>302135
>Do you think you could have made more if you had been more risky or got a new job or opened a business?
Yeah, in theory. Entrepreneurs (risk takers) are the one's that earn ultra high net worths.

But most fail. Like almost all. Seriously, its a long shot even for smart, motivated, well-capitalized people.

I'm a corporate bankruptcy lawyer: I make a living off failed business decisions. I clean up after the risky decisions don't work. That has probably helped make me very risk adverse.

>>302147
>Did you ever had to deal with corruption?
Some of my clients have gotten in trouble due to criminal activities by their employees. Is this what you mean?

>>302151
>what's your opinion of patent law in the US?
I think the law is several decades behind the technical realities of the current day. I abhor patent trolls and frivolous patent litigation. Its bad for business, bad for consumers, and makes the law look ridiculous.

Unfortunately the law almost always lags behind technology. It'll be updated, eventually.

>>302154
Long thread is long.

>>301945
>I laugh

WHAT IS SO GODDAMN FUNNY YOU LITTLE BITCH

MAKE SOME USE OF YOUR 12.5 GAZILLION AND FUND SEASON 3 RIGHT FUCKING NOW pls ;_;

>>302154
Why? All you need to take note from this is
>boglehead
>mutual funds
>vanguard

I imagine with your connections there's a chance you might know of a position to refer me to, or employ me, for part-time telecommuting work. If so, could I email you a summary of my skills?

>>302200
>WHAT IS SO GODDAMN FUNNY YOU LITTLE BITCH
>MAKE SOME USE OF YOUR 12.5 GAZILLION AND FUND SEASON 3 RIGHT FUCKING NOW pls ;_;
I WILL IF THEY OFFICIALLY CHANGE HOLO TO HORO. HOLO JUST SOUNDS STUPID. ITS HORO GODDAMMIT.

>>302238

>change her name to wHoro

Go buy some better taste with all that money of yours OP.

>>302213
I wish I could help, but jobs in the legal field are generally not part-time and not for telecommuters.

>>302247
Insulting Horo in a /biz/ thread? You've got a lot of nerve, sir. She'd be our unrivaled mascot if there weren't so may "Sell Me This Pen" threads.

>>302238
What do you think about the shittyfication of anime nowadays? Where it's all about the 13/14/15yo kid beating up everyone and saving the world whereas the adults stand around with their thumbs in their asses?

that's when I dropped narutard, jiraya gets his ass handed to him by Pain and then hurr durr I'm narutard 2 weeks training lol look at me I kicked Pains ass.

>>302258

You invest in any nip stocks? What do you think of Softbank?

>>302261
You're asking the wrong guy. I'm not really that into anime, though I have seen a few of the better known series. S&W is the only light novel I've ever read. I'm more inclined to /tv/ than /a/.

>>302264
>You invest in any nip stocks?
I don't know the Japanese markets well enough to comment on particular stocks. I have a small position in VPL, a Pacific Index ETF. I haven't made any money on it, and I don't currently plan to add more.

>>302271

Can you please give moot plenty of shekels so he can ban the BANE threads on /tv/ forever?

Also if you're gonna keep going on with this thread you may as well start a new one since this has gone past the bump limit.

>>302277
>Can you please give moot plenty of shekels so he can ban the BANE threads on /tv/ forever?
Don't mess with Bane. He's a big guy ... Oh fuck it. I hate those threads too.

>Also if you're gonna keep going on with this thread you may as well start a new one since this has gone past the bump limit.
Yeah, I know. I'm gonna let it die a slow death on its own. I'll do this again at a later date.

>>302280
Will you hire me as an intern at your firm?

Historyfag jumping to law here (tis a bad idea because of the market saturation and won't do it unless I get an internship somewhere haha).

>>302288
>Will you hire me as an intern at your firm?
You're too late. I'm giving up my practice.

>>301186
Who profits from the 80% who lose?

>>302299
The 20%

Let me guess, you're part of the 20% right?

>>302299
Mostly the brokers. And high frequency trading programs.

>>302249

I'm not in the legal field, but I've seen plenty of positions at law firms which require some of my skills. I suppose you've answered my question though. Come to think of it, part of my current job is working with lawyers in grant and contract administration. Thanks anyway!

>>301967
Did you know that those internet tests actually give very inflated results?
I usually score between 140 and 150, and this is on those online tets that are considered "realistic".
If you really want to know, pay and get a real test, believe me, you'll get a lower result.

And do not consider yourself a "genius", especially if you never did nothing worth of such title, you'll be setting yourself up for failure.
If you really are gifted invest yourself into a specific area of your interested, and try to be the very best. This is what I did, and right now I'm quite sucessul in life.

How old were you when you moved out of your parents? Did your family ever try to weasel their way into your fortunes? Or did you just give it to them?

Are you racist?

Also, will you fund a few million into a
Kudos to you iHaz and Wipe for this thread

>>302075
*opens arms

just letting u kno tho, dibs on malawi. i want my chiddlres to have big dinks and nignetix

>>302368
I went to college when I was 18. Pretty normal stuff. My family doesn't need money from me. They all pretty much have their own finances in good shape.

>>302100

>TLDR; talk to one random person a day, talk to more and more people until you feel comfortable being a social butterfly


not richop but you have to start by talking to random people. Each time you go out start a convo with one random person each day. Once you can do this, move up to more and more people and try to hold the convo for as long as you are both comfortable for. start with an innocuous question like what time is it or when does the bus come or whatever then go from there.

soon you will be a social butterfly. challenge yourself with good looking people, groups of people, people of other ethnicities. talk to homeless people, rich people. basically slowly attain the confidence to hold a convo with anyone in any situation. it's a good feel to move about your day knowing you can talk to anyone and have at least a pleasant conversation and possibly a meaningful or even profitable interaction. perhaps you will attain knowledge, advice. you never know.

If you could press the restart button, what would you do with your life?

>>302429
>If you could press the restart button, what would you do with your life?
Given that I'm pretty happy with where I'm at now, its hard to imagine that I'd choose a different path. Like everyone, I have occasional regrets about some of the professional and personal choices I've made over the years. But I think I landed in the exact right profession (law) for me. If I had it to do over again, I'd still be a lawyer, but maybe I'd worry less about getting to the top (making partner) as fast as possible. Maybe I'd stop to smell the flowers a little more often than I did. But maybe not.

-----------
Thanks for a fun thread /biz/. I'm headed to bed, and since we already hit the bump limit I'm probably not going to keep monitoring the thread. I'll do this again sometime when I have the craving for more attention.

In the meanwhile, feel free to ask me questions when I pop into other threads.
-----------

>>301031
I have an idea of leveraging real estate equity to get a return on an interest bearing equity.

Could you give me advice if I posted the idea?

>>301031
This thread is shit.

>>302408
>My family doesn't need money from me. They all pretty much have their own finances in good shape.

This faggot 100% comes from money.

>muh 250k was only 1% muh net worth by

Shut the fuck up, faggot.

We all know you had all the money you ever fucking needed growing up, it's how you got into investing, you likely have years of crash and burn learning with real life experience because you had family money to spend to learn.

Stop bringing up that $250k lumpsum from your mother's death as some token to dissuade people into thinking you are anything but a fucking trust-fund baby faggot who was born into money.

This thread is disgusting.
Congrats on the money but the fact that people would even ask questions of an admitted nepotism faggot on this board is just proof how ass-backwards the wage slave mentality is.

>w-we hate nepotism around here
>oh hey look someone with actual money pleas mr. big man answer my questions

Or even worse

>derp I'm actually interested in investing
>better ask this asshole who got floated his whole life for some TIPS!

Butt. Fuck. Retarded.

/thread

>>302861
The only thing I've seen in this thread is the fact that he came from a financially stable family.

Das bout it. People tend to stay within their socio-economic class. Mainly due to genetic superiority, not nepotism.

Now fuck off you poor scum.

>>302964

>he never told us he came from a rich family so he obviously didn't
>leave my boyfriend alone

lel plebs

>>301252
>And I'm just fine!

>>302861
Tumblr-tier rant

>>303379
Make sure you know which gender that apples to.