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  1. e_fastlane

    What are the compounding funds MJ and the rich use to live off of the interest?

    INVESTING 
    I am an insider. Can you please send me the thread that shows this. I've seen the one where 1 or 2 people detail their anecdotal journey playing with options. Winning in markets where everyone is winning, even the shoe shiners stock tips. There is alot to learn in that thread, but that thread...
  2. e_fastlane

    What are the compounding funds MJ and the rich use to live off of the interest?

    INVESTING 
    It is well known that at the current time it is impossible to get the same relatively *risk free* interest as in the past. It used to be very easy as we in are at the tail end of a 40 year Bond bull market. Everything that earns 5% at the current time either has substantial risk or time...
  3. e_fastlane

    Hyperinflation starting? What's happening in your area? Post your ground reports.

    HOT! INVESTING 
    I understand your perspective, I am just having a tough time understanding how something that may lose greater than 80% of it's value can be good insurance. Insurance means you are paying a 3rd party to amortize the risk of something between a large pool of people. Outside of a small fee they...
  4. e_fastlane

    Hyperinflation starting? What's happening in your area? Post your ground reports.

    HOT! INVESTING 
    Here is my disagreement with what you said. Here is the graph of the price of gold in REAL (inflation adjusted) terms: HERE In my opinion, it doesn't really line up with the spirit of what you are saying. Yes, it is true that when inflation spikes, precious metals generally go the other way...
  5. e_fastlane

    Hyperinflation starting? What's happening in your area? Post your ground reports.

    HOT! INVESTING 
    Maybe im missing something, but I dont see how riots in the street lead to gold being what is valued for barter. You are giving examples of turmoil but not explaining how it is that gold becomes some magical standard or payment system. If it gets so bad that usd is no longer effective currency...
  6. e_fastlane

    Hyperinflation starting? What's happening in your area? Post your ground reports.

    HOT! INVESTING 
    No one knows what will happen, but this is nothing like 2008. Today's mortgages are to people that are most qualified to afford them. Low interest rates mean that someone can take out more but need to pay less. Hence raising prices. People don't actually "see" the higher prices. People with...
  7. e_fastlane

    Hyperinflation starting? What's happening in your area? Post your ground reports.

    HOT! INVESTING 
    I won't pretend to be an expert and you may be 100% right. But in my opinion, those all just sounds like commonly repeated scaremongering tropes that don't pan onto reality. This is of course when talking about long term investing a decent amount of money. So in other words, we aren't talking...
  8. e_fastlane

    Hyperinflation starting? What's happening in your area? Post your ground reports.

    HOT! INVESTING 
    Gotchya. Seems like we are on the same page. The best is what you know and are comfortable with, thats for sure! Most people, including myself, have no real experience with RE so we would be going in blind. I answered the posters question with the assumption that he doesn't already have good...
  9. e_fastlane

    Hyperinflation starting? What's happening in your area? Post your ground reports.

    HOT! INVESTING 
    Kind of . I am talking about index funds like VTSAX or S&P500, not individual stocks or small funds. Past performance can't guarantee future performance but data of 100+ years is as good a guarantee as you are gonna get. It's at minimum no less of a guarantee than predicting real estate either...
  10. e_fastlane

    Hyperinflation starting? What's happening in your area? Post your ground reports.

    HOT! INVESTING 
    Kind of. Real estate on average is barely better than inflation. If you include renting out your real estate, thats now a business in itself and not just investing your money. I think we all agree business is the best!
  11. e_fastlane

    Hyperinflation starting? What's happening in your area? Post your ground reports.

    HOT! INVESTING 
    Unfortunately not. The best tools to fight inflation on your $$ is stocks/bonds. They also don't historically beat inflation, BUT as long as you keep it in through the ups/downs, the frenzies and bull markets end up making up for times of inflation/stagnation and crashes along the way. This is...
  12. e_fastlane

    Vent about the fastlane formula

    GOLD! HOT! 
    I don't want to sound negative, but it just sounds like you are the average entitled person that is trying to fill an emotional hole with money. Most people have that little voice in their head that wants more. In general it's just insecurity. You can generally do one of 3 things: 1. Let it eat...
  13. e_fastlane

    Money System Management: Real Example, Closed-End Fund

    NOTABLE! INVESTING 
    Maybe I am missing something, but doesn't this method heavily rely on the market either being steady or growing? In a steady or growing market, just like basically most investments, it's a clear win. It seems like the "method" here is winning a little more than in a normal market investment...
  14. e_fastlane

    The F.I.R.E. mindset at work

    HOT! 
    I didn't think anyone was mad at me and I wasn't mad at anyone, just had a difference of opinion. Projecting? The funny part is that my actual opinion on lifestyle and financial freedom is aligned with your guys opinion. Many keep misunderstanding that I am not criticizing the opinion, but the...
  15. e_fastlane

    The F.I.R.E. mindset at work

    HOT! 
    Sounds like we are seeing eye to eye on this, but in stark opposition to most on here.
  16. e_fastlane

    The F.I.R.E. mindset at work

    HOT! 
    Does he still want those things? MJ use to have a lambo and now drives a middle class car. Basically same story for both my business partner and I. I am DEFINITELY not saying I know that they aren't just BS'ing both themselves and us. Who knows. I assume you are using the word hyperinflation...
  17. e_fastlane

    The F.I.R.E. mindset at work

    HOT! 
    Where are you getting this information? Seems like you setup a weak strawman just to knock it down. They have a 1.2 mil portfolio and they spend 40k a year. There are tools (like here) that will run simulations on every single possible outcome depending on when you put your money in last 100+...
  18. e_fastlane

    Is it possible to consistently beat the market?

    INVESTING 
    Sorry, I was reading alot of threads and maybe your post was just what broke the camels back and my response went overboard!
  19. e_fastlane

    Is it possible to consistently beat the market?

    INVESTING 
    I'm not sure what makes you think that the Efficient Market Hypothesis needs to be either 100% accurate at all times or it's wrong. What evidence do you have that it is not overall right? Everyone doesn't need to know everything for it to be mostly right and work out. Especially when...
  20. e_fastlane

    Investing in the ONE sure thing.

    INVESTING HOT! 
    The only question that rings in my head is the idea of "What do you know that companies that spend 24/7 doing this don't know". If there are major players in the game, the price/earning you get is likely about right for the risk you are taking. While not perfect, "the market" usually does a...
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