So, how does one stop being a "wage slave"?

[Anonymous]

"Stop telling people what they can't do and start telling people what they can do."

i've pointed out very simple, verifiable information: the vast majority of professional stock pickers fail to beat the market consistently. again, these people are trained and paid to sit around all day researching and picking stocks in an effort to outperform the market. according to the study i referenced (and linked) above, less than 1% -- one percent -- of them are able to do so on a consistent, year-after-year basis.

so, what the vast majority of people _should_ do is invest in low-cost index funds. what they should not do is follow your idiotic advice, which will leave them with less money at the end of 30 or so years than they'd have if they had just invested in index funds. this is a fact.

what are your annualized gains over the last 25 years? calcuate that and let us know. if it's more than 2 points higher than the market has returned, i would like to give you my money to invest. you can charge me a 1% management fee.

[Anonymous]

Rental real estate is not that much work with a good tenant selection strategy and a good location.

The key is "No tenant is better than a bad tenant"

Also pick a nice location where you can be picky about who to rent to.

[Anonymous]

I've already conceded to you people who lack inquisitive minds or a broad overview of the world around us should purchase an index fund in doing so passively invest in the market. However for those desiring to create generational wealth will not achieve those goals by purchasing shares in such funds.

Perhaps our difference in perspective is a result of where we have found success. For me entering into commercial real estate sounds frightening. People lose money in real estate. Today six years later many people remain underwater in their mortgages. During these past several years literally millions of properties have been foreclosed upon. A small investor can be wiped out by renting to the wrong people who tear walls or refuse pay rent requiring years of court battles. How long could the average person pay their mortgages and legal fees while trying to evict a non-paying potentially destructive tenant during a lengthy court battle. This scenario is not damaging to a large corporation with thousands of units because the law of averages is on their side and they have legions of attorneys on salary.

However, for small scale investors the real estate market seems far too treacherous with far many more opportunities to fail than to succeed.

[Anonymous]

"However for those desiring to create generational wealth will not achieve those goals by purchasing shares in such funds."

In light of the fact that there are clear data and numerous studies showing that you have well under a 10% chance (probably less than a 1% chance) of beating the market, how is someone better off picking stocks rather than simply investing in the market? Please explain this. Since you have an inquisitive mind and an obviously great intellect, you should be able to explain this. I would like to hear it.

[Anonymous]

PP here. Can you also post your annualized gains over the last 25 years? I really would love to see what they are. Then I will compare with the S&P's annualized returns over that period.

[Anonymous]

You need to manage your own money! No one, including myself, cares about your money and the growth of your wealth than you do yourself.

Get back into the market, begin with dividend paying stocks, reinvest your dividends, grow your wealth, develop your level of investing sophistication, never day trade, double down on out-of-favor stocks when the market behaves irrationally which occurs fairly often.

[Anonymous]

Anonymous wrote:You need to manage your own money! No one, including myself, cares about your money and the growth of your wealth than you do yourself.

Get back into the market, begin with dividend paying stocks, reinvest your dividends, grow your wealth, develop your level of investing sophistication, never day trade, double down on out-of-favor stocks when the market behaves irrationally which occurs fairly often.

can you calculate your annualized gains over the last 25 years, then post that number? any idiot can beat the market in a particular year, or even over five years. however, the point of investing is to build wealth over time. i would love to hear what your annualized gains are over 25 years. post that, please.

[Anonymous]

You can't do it from scratch without major sacrifice. Quality Real estate rentals plus index funds with reinvested dividends are the way to go. Cheap vacations , no vacation properties .

[Anonymous]

This is not about me. It's about helping those individuals who want to create generational wealth. I've provided them with a slow but steady methodology to do so.

Stop telling people that it's impossible to be successful. I've given you a method and several examples of individuals who have prospered taking this path.

Let it go!

For those who are engaged in the world around them accumulating great wealth by investing wisely in the stock market is not especially difficult.

I'm out of this debate.

[Anonymous]

Win the lottery.

[Anonymous]

It used to be easier before Obama . Now the government is hell bent on spreading around the misery. If you escape... You become a target.

[Anonymous]

Anonymous wrote:It used to be easier before Obama . Now the government is hell bent on spreading around the misery. If you escape... You become a target.

First time I've ever done this, but you deserve it.

[Anonymous]

Anonymous wrote:This is not about me. It's about helping those individuals who want to create generational wealth. I've provided them with a slow but steady methodology to do so.

Stop telling people that it's impossible to be successful. I've given you a method and several examples of individuals who have prospered taking this path.

Let it go!

For those who are engaged in the world around them accumulating great wealth by investing wisely in the stock market is not especially difficult.

I'm out of this debate.

this is about you, in a sense. you are giving people investment advice, so i think it would help to know whether you have consistently beat the market for longer than 20 years. how about over the last 10-15 years?

[Anonymous]

Anonymous wrote:You could invent an app.

Sorry but this made me lol in my quiet office