Comments on: invest in what you know

By: * Carnival of Personal Finance #155 — Time With Family

* Carnival of Personal Finance #155 — Time With Family — Wed, 08 Apr 2009 02:00:22 +0000

[...] we can’t control. This article urges us to focus our energy on things we can actually control.Invest In What You Know at Brip Blap — A philosophical look at the relationship between debt and investing. Brip Blap [...]

By: Carnival of Personal Finance #155 | Growing Money

Carnival of Personal Finance #155 | Growing Money — Wed, 31 Dec 2008 05:59:38 +0000

[...] Free Or Low Cost Ways To Save Energy & Money Stop Complaining about Gas Prices Invest in What You Know Five things Indiana Jones Can Teach Us About Personal Finance Taxes… Now or later? 26 Ways To [...]

By: Best Ideas for Investing

Best Ideas for Investing — Tue, 04 Nov 2008 18:01:21 +0000

Best Ideas for Investing…

It does appear after many months of decreasing commissions; rates are beginning to rise again. And why not, fear is a great motivator. Real estate agents are convincing clients they must pay more in a declining market in order to increase the likelihoo…

By: appfunds

appfunds — Mon, 02 Jun 2008 08:03:32 +0000

What about options ?
Your loss is limited and profit could be really huge.
I think it`s better than using a primitive bank debt.

By: Weekly Dividend Investing Roundup - May 31, 2008 » The Dividend Guy Blog

Weekly Dividend Investing Roundup - May 31, 2008 » The Dividend Guy Blog — Sat, 31 May 2008 13:46:13 +0000

[...] is not [his] goal: a lack of debt and investments that generate cash flow [...]

By: Four Pillars

Four Pillars — Sat, 31 May 2008 05:07:57 +0000

You drive a minivan? You used to be so cool….

Seriously, our next vehicle will undoubtedly be a minivan.

Greg the Writer – I wouldn’t be surprised if a lot of people who earned their riches got that way by taking large risks via real estate, financing their own business etc. My question would be – how many other people are there who took large risks and didn’t succeed with their strategies?

Mike

By: Friday Finance Findings For May 30th : Generation X Finance

Friday Finance Findings For May 30th : Generation X Finance — Sat, 31 May 2008 00:57:39 +0000

[...] Invest in What You Know – Are you faced with a decision of paying cash or financing for a very attractive rate? Should you pay off your mortgage if you have the money available? These are common questions, and Brip Blap examines the options as he sees it. [...]

By: Greg

Greg — Fri, 30 May 2008 21:20:17 +0000

Though this may be sound advice Steve, I don’t think it is.

Maybe it’s from my personal growing up. My father is a real estate agent and he’s often showed me statistics that 90% of all wealthy people got that way via real estate investments. Even Ray Croc that founder of Mcdonalds said his business was not selling hamburger, it was real estate.

Real estate does tie up a lot of money, but then again without debt there cannot be great gain (Unless you win the lottery or something along those lines).

If you’re feeling uneasy about investing in the real estate game I suggest you take what knowledge you have now and buy a small apartment, or maybe a duplex and rent them out. See how you fare for a while and then move up from there.

All things being represented, I think having tried a bit of everything best suits the fuel to get up the road of wealth. Not saying diversifying your portfolio to the point of flimsy ridiculously small amounts invested in every little thing, but also saying that one should not always eat at one table primarily.

Haha long comment, sorry man!

Hey I am doing interviews with internet marketers and pro bloggers. If you want to be interviewed, let me know my friend!

Hope all is well!
-Greg the Writer

By: Curmudgeon

Curmudgeon — Fri, 30 May 2008 12:31:55 +0000

From someone who also pays cash (I also use revolving credit, paid off at the end of every month), I hear that such behavior damages my Fair Isaac credit score, because I have no history of payments on long term debt (the mortgage was paid off almost a decade ago).

Given my approach to debt, I normally wouldn’t give a flying leap about my credit score. However, I do ask “What if . . .?” And I intend to retire to a high-cost area at some time in the future, and I acknowledge that I may need a mortgage, or at least a bridge loan, to do so. I wonder if I might not get the best rate, because I would be considered, um, a credit risk?

By: MoneyEnergy

MoneyEnergy — Fri, 30 May 2008 00:19:24 +0000

I’ve thought about this problem before too; I used to always say that I was never going to buy a car unless I could pay cash for it. I don’t know why, it just made me feel superior to my money, like I was really in control of it.

But it’s a very good point about not tying up your buying power like that. For the same amount of cash you could buy two income-producing assets that would generate cashflow right away.

But what you’ve said still holds; if one isn’t comfortable with a certain segment of the market, just don’t go there. I think that as long as you aren’t three levels removed from the money – eg., investing in re-bundled debt instruments, etc. even more complicated investment moves are ok. I know for me it’s all about the dividends:)