Money
I Invested In Facebook, Twitter, AMD, And Snap, Made 6.3X—And I Absolutely Hated It
Writer’s note: So here’s the background. This following post originally appeared on my Biggerpockets.com column.
Now peep this. I buy and manage real estate for a living. Naturally I’m biased in favor of that asset class, namely because of the lower volatility. As an extension of that bias, I wrote this piece a few months to illustrate why I prefer stock…well, less.
I saw the stock markets were down. I really didn’t want to buy. But I had to. As Neil Patel told me, “You make money on the buy.” Sure enough, my holdings damn near doubled in a matter of months.
Months after that, Snap’s gone into the toilet, BlackBerry’s on some f*ck sh*t, AMD stopped surging and it’s right back to where I started—HIGHLIGHTING exactly why stocks (from a short-term investor perspective) is something I really don’t love.
Here’s what I wrote April 30 of this year.
***
I’ve said it before, and I’ll say it again: I do not like stocks. I really don’t. Granted, for a new investor, it’s a great, free way to get in the asset column with very little money.
And there are many public securities — especially real estate-backed ones — that help you build wealth. But on a macro level, I absolutely hate it.
So, a few weeks ago, the stock market tanked — based on trade tension speculation (or something).
I was looking at the Robinhood dashboard, which shows how the stocks are trending. Everything was red! And you know what they say, when there’s blood in the streets, you buy — right?
So I picked up a couple of common-sense stocks based on what people are using; Twitter, Snapchat, Facebook, you know, the tech blue-chippers.
Then some Blackberry ones based on driverless technology they have, and a VR/AI stock with a big market share. (Writer’s note: This was AMD, the hottest stock of the year. Which since has gotten crushed. Shows how smart I was.) Gotta invest in the future, right?
Long story short, the very next trading day I was up 10%. I kept looking every day, more and more disgusted with the volatile nature of these equities — in spite of how I was winning! Less than three weeks later, I am now up a ridiculously disgusting 630% annualized.
And as of today, stocks dropped again. Just based on some speculation about oil. (Or something.) So I’m probably about to make another score when it inevitably re-stabilizes. And it’s absolutely filthy.
Here’s My Problem With Stocks…
Like many business owners, I hate surprises. I don’t even want anyone to throw me a surprise party. And stocks are full of surprises.
I actually did an interview last year explaining why I think real estate investments crush stocks all day.
Philip Michael has experience in media, journalism, real estate, entrepreneurship, and more… He shared his experience with #BoldBiz
Posted by BoldTV on Tuesday, July 11, 2017
Now, because of rules, you’ll have to click here to read the rest here. Or hit me on IG and we can get the conversation started.
Airbnb Experiences: 5 Easy Ways To Make Extra Cash Today
Airbnb is a great way to earn money by renting out your home or apartment.
However, did you know that you can also make money by offering experiences on Airbnb? Here are five easy ways to make extra cash today by creating and offering Airbnb experiences.
1. Offer a food tour
If you love food, why not share your passion with others? Create a food tour experience in your city, showcasing the best local cuisine. You can offer a walking tour or a bike tour, and include stops at local markets, restaurants, and cafes. This is a great way to meet new people and earn money at the same time.
2. Teach a skill or hobby
Do you have a skill or hobby that you’re passionate about? Share your knowledge with others by offering an experience on Airbnb. You can teach anything from photography to cooking to yoga. People are always looking for new experiences, and they’re willing to pay for them.
3. Host a cultural event
If you come from a different culture, why not share it with others? Host a cultural event, such as a traditional dance, music, or art class. This is a great way to showcase your culture and make some extra cash.
4. Offer a nature experience
If you live in a beautiful area, offer a nature experience on Airbnb. You can offer a hiking tour, a kayaking trip, or a birdwatching tour. People love to get out into nature, and they’re willing to pay for it.
5. Host a wellness retreat
If you’re passionate about wellness, why not host a retreat? You can offer yoga classes, meditation sessions, and healthy meals. This is a great way to help people relax and recharge, while earning some extra cash.
In conclusion, offering experiences on Airbnb is a great way to make some extra cash. With these five easy ideas, you can get started today.
For more ideas and tips on how to make money, check out this Airbnb guide inside our academy.
If you’re an Airbnb host looking to increase your revenue, there are several strategies you can implement to make your listing more appealing to potential guests.
Here are 10 tips for making more money with your Airbnb listing:
- Set competitive pricing: Research the prices of similar listings in your area to ensure you’re offering a competitive rate. Consider lowering your prices during slow seasons or offering discounts for longer stays.
- Offer extra amenities: Providing extra amenities, such as a pool, hot tub, or complimentary breakfast, can make your listing more attractive to guests and justify a higher price.
- Invest in high-quality photos: High-quality photos of your space can make a big difference in how many bookings you receive. Consider hiring a professional photographer to capture the best aspects of your listing.
- Keep your listing up to date: Make sure your listing accurately reflects the current state of your property. Update your photos, descriptions, and amenities regularly to keep your listing relevant and appealing.
- Respond promptly to inquiries: Quick responses to guest inquiries can lead to more bookings and positive reviews. Make sure to check your messages frequently and respond as soon as possible.
- Provide excellent customer service: Going above and beyond for your guests can lead to positive reviews and repeat bookings. Make sure to communicate clearly and address any issues promptly.
- Offer local recommendations: Providing guests with recommendations for local restaurants, attractions, and activities can enhance their experience and justify a higher price for your listing.
- Allow instant bookings: Allowing guests to book instantly can make your listing more appealing to those who need to book at the last minute. However, make sure to set clear guidelines for instant bookings to avoid any issues.
- Offer discounts for repeat guests: Offering discounts to guests who have stayed with you in the past can encourage repeat bookings and increase your revenue over time.
- Keep your space clean and well-maintained: A clean and well-maintained space can lead to positive reviews and repeat bookings. Make sure to keep your space clean and address any maintenance issues promptly.
Implementing these 10 tips can help you make more money with your Airbnb listing and improve your overall hosting experience. Happy hosting!
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