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  1. F

    4-Plex for sale $640k 8% cap rate... have I entered the Fastlane?

    INVESTING 
    I doubt that a tenancy agency would be liable in a civil lawsuit for someone tripping or black mold. Don't most of them just deal with the tenant pre-contract? Small details such as property tax? How is it a small detail? 1.7% a year property tax for 30 years amounts to roughly 50% of the...
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    4-Plex for sale $640k 8% cap rate... have I entered the Fastlane?

    INVESTING 
    You're not including property tax. Most places do have property taxes. I just looked up property taxes in Toronto and it goes as high at 1.7% for multi-residential? Also there are other hidden expenses that add up. For example if a tenant has black mold they can sue in the US and most...
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    How to lose $25 a day trading Forex

    HOT! INVESTING 
    In that case your CPA is a positive number but less than the amount of revenue minus variable cost per acquisition. You do realize that there are HFT that actually read headlines and make trades off them immediately? Humans are incapable of placing a trade in 2ms after reading a news...
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    How to lose $25 a day trading Forex

    HOT! INVESTING 
    Your idea is just bad so I would think of something else that actually has a chance at making money. Why in the world would your CPC be $1? Why not $0.99? Why did you pick $1? Your CPA can't be negative. CPA by definition is always a positive number unless somehow other people were paying...
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    How to lose $25 a day trading Forex

    HOT! INVESTING 
    You're not doing calculated risk. What you're doing is gambling plain and simple. The theoretical ROI on Forex is based on randomness. The theoretical ROI on facebook is not based off randomness.
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    Smell your Money

    She lost all credibility when she said that laughter could bend a spoon. Anyone could've got those spoons at a magic shop back in the day.
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    Trying to decide between Partnership vs Contractor

    PEOPLE 
    Why not just learn SEO yourself? SEO as it was in the past is pretty much dead now. All you need now is good content and a nice website layout. You can't trick Google by having a bunch of keywords anymore. If you need content just hire someone or do it yourself? I don't see why you'd shoot...
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    How to lose $25 a day trading Forex

    HOT! INVESTING 
    What kind of method are you using in order to decide when to buy or sell?
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    Made $6,900 Importing From China and Reselling on eBay.

    SOURCING AMA 
    When a business is not fastlane because it's been stagnant over a couple of years going no where then that's when you give up and try something else. You're not living fastlane style because your business is no different that a job. First your business would stop running if you stopped...
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    Networking Advice

    That's pretty bad advice. He's going to ask which newspaper. Lying about things isn't the best way to gain someone's trust. Also newpsapers are dead. The guy works at an entrepreuership branch of the college. Of course you know what the answer to that is. The response will be of little...
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    Networking Advice

    You should ask him why he stopped running his business. If it's anything but "I sold my business for X amount of dollars" or "I gave my business to my children" then you should have follow up questions on what exactly happened or if he really meant running a business by being a director. I'm a...
  12. F

    Made $6,900 Importing From China and Reselling on eBay.

    SOURCING AMA 
    Ok because your post made it sound like this was a recent win. It would've been good if you've mentioned that you've made $6,900 over the course of a few years. If it took you a couple of years to make $6,900 and god knows how many hours (I'm guessing at least 500 hours) then why are you...
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    How to lose $25 a day trading Forex

    HOT! INVESTING 
    No It's already been proven. It's math that you're up against. Let's say you buy 0.02 lot ($2,000 USD) but only have $100 USD. The probability that you'll double your money by holding on the position is less than 50% because you have to pay spread/commission. The randomness in Forex means...
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    How to lose $25 a day trading Forex

    HOT! INVESTING 
    You'll lose all your money. I'm guessing that you're using high leverage? The effect of decay due to high leverage is extremely high once you go over 5x. Also HFT trade Forex so it's impossible to trade based off of patterns and make money. The ROI for day trading on Forex is always...
  15. F

    Made $6,900 Importing From China and Reselling on eBay.

    SOURCING AMA 
    The official bug-a-salt 2.0 sells for $39.95 however your website claims to have sold them for at least $70 which doesn't make much sense. Also did you include packaging and shipping costs? Not only that but bug-a-salts from China are $15 on Ebay. Why would you pay $29.84 a piece? Sorry but...
  16. F

    Made $6,900 Importing From China and Reselling on eBay.

    SOURCING AMA 
    That's quite hard to believe. You're saying it's over 200 items so if we are to assume it was 300 items that you've sold then your average profit per item would've been $23 which is very high. Your ASP would have to be at least $150 per item if this was the case. Hard to believe since most...
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    Networking Advice

    That's vague. How would he be a great resource for upcoming fast-lane ideas? Why don't you go a step further and think of the fast-lane ideas right now? Why do you need him? The words entrepreneurship and university don't mix together. Universities are geared for the working man to get an...
  18. F

    Made $6,900 Importing From China and Reselling on eBay.

    SOURCING AMA 
    How many hours of work did it take for you to make $6,900? Everything from contacting suppliers, picking up product, shipping, packaging, etc... How many items total were involved?
  19. F

    How would you define "leverage"

    EXECUTION 
    It's hard to get a universal defintion since it's applied in different situations but I would define it as the fair market value of a security divided by the total capital allocated to that security. It's usually good to have a maximum leverage of 1. The higher the leverage typically means the...
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    BigCommerce Rest In Peace (Alternatives Re: Price Increase)

    WEB/DIGITAL 
    I know. Don't people think things through before spending 25k-40k??? From what I've heard Magento is very complicated and changing simple things such as templates can cause errors which may take hours for an experienced php coder to fix. Don't even touch Magento enterprise unless you're an...

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