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Mentor
Hello People, I would be grateful if you can share some insights about the query written below . Which firm is better in terms of work life balance ,kind of work(development/support),growth and also onsite opportunities (if is there any chance) in Globant and Robert Bosch for sap abap odata profile? Robert Bosch Globant Springer Nature
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Any advice from a soon to be landlord?
Where are people getting this idea that crypto is a reliable, wealth building asset?
It’s been around for a little over a decade. Nothing has been proven other than the fact that it’s a rollercoaster.
Whatever thesis that’s being thrown around is all conjecture that has not been proven. It may be true, but it may not be.
Following the age old wisdom of minimizing speculation and investing in value.
Coach
Ponzi schemes are great for wealth building… until they aren’t.
I vote take that 200k and put it into down payments on 4-5 rental properties
May have to pick your brains. Hoping to get my first rental property in the next 1-2 years
Mentor
They’re getting these ideas from tiktok / YouTube gurus as a way to get rich quick. And for some it worked great! Others got stuck buying into the hype and losing…
lol
Mentor
I would never hold more than 10% of my wealth in a highly volatile and speculative asset like crypto.
I think more stabilized and cashflow generating assets like real estate are the best way to create a predictable retirement cache
Crypto is a pyramid scheme. A ponzi. Stay safe bro/sis.
I disagree. Social Security tax and income is a Ponzi scheme.
Why would you sell towards the bottom of the cycle? If you have been holding through months of red up until now you will be better off holding it until the next cycle, unless your are currently making a profit you are happy to take home and call it a day.
The real estate market seems to be higher than ever at the moment, and reaching unsustainable levels, so selling crypto low to buy real estate high doesn't seem the best move to increase or preserve your capital.
A lot of people seem to hate crypto for no reason. It's a volatile and high risk asset but with a diverse portfolio and risk management in place can be a great wealth building tool. Stay rational and don't let yours or other people's emotions make financial decisions for you.
USD facilitates far more money laundering kek
If you want crypto support, go to the crypto bowl. FIRE communities rally around specific principals (avoid picking individual securities, only trust time worn strategies, select assets with real value, maximize fee and tax efficiency).
Crypto is antithetical to all of that. Sell it.
Mentor
So you had 600k worth a year ago or what?
Well, “investing in real estate” doesn’t make a lot of sense as a general comment. Almost everything I have is in real estate, but the important point is what class of real estate, which property, and where.
Mentor
Just like “investing in stocks” doesn’t necessarily suggest which stocks or index funds are best… I think there are some general assumptions being made that “investing in real estate” still requires a deal to work by the numbers, just like “investing in stocks” requires buying the right stocks or index funds to be valuable.
Everyone here saying it’s a ponzi sounds like a complete boomer. Sorry you missed out! Your growth portfolio is down 60%+ Ytd btw
Can you not do both? Keep enough in crypto where if it takes off, you get that piece of being a millionaire. Sell the rest and invest. For all we knows we missed the true crypto gains and it's all downhill from now.
But idk what market you're in, but I haven't seen good real estate investments. Between these crazy prices, multiple view, and cw mortgage interest rates...
Do you mainly hodl, you don't take profits and diversify into other projects like like probable metaverse tokens, defi staking etc. ?
In the real estate industry so giving my two cents on my knowledge base: Depends on the asset class for real estate investing. Do something high growth and/or shorter leases. Multi family, industrial, and life sciences are all good options. Stay away from retail and office. Hospitality has rebounded, but could run into headwinds with rising inflation