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I Invested In Facebook, Twitter, AMD, And Snap, Made 6.3X—And I Absolutely Hated It

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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.

Bold Biz: Philip Michael

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.

Business

How Big Real Estate Moguls Avoid Taxes (And How You Can, Too) 👀

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I was looking around Google for an old article on tax strategies and this five-year old video of myself happened to pop up.

I’m interviewing a tax expert about how real estate investors avoid paying taxes in perpetuity—AND how everyday citizens can do the same thing.

(Real estate—our TEMPLE I and TEMPLE II projects included—has a number of tax benefits savvy investors have capitalized on for years, including Opportunity Zone breaks and 10-year tax abatements.)

There’s the 1031 exchange, of course, which I’ve shared with you guys before. 

Just to refresh your memory, the 1031 Exchange allows you to roll over gains from your last project into a new property TAX FREE—as long as said property is worth the same or more.

But there’s ANOTHER TAX LOOPHOLE that can take your portfolio to an entirely new level by splitting your capital gains into MULTIPLE properties.

So I thought I’d share it with you guys. 💎

You can check it out here.

Let me know what you think. 😎

PS: In our next update, I’m going to break down how real estate moguls get paid from their properties…tax free. 👀
PPS: If you want to learn how to implement generational wealth strategies like this one, you can join our NYCE wealth academy (TRIBE U) here.

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Business

How I run a $300M+ business from the beach…(and how you can TOO!)

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Yes, you read that right.

If there’s anything the pandemic taught us, it’s that the paradigm of “office” and “workspace” has been shaken to its CORE.

Universities are teaching via Zoom, court dates are done virtually, FULLY REMOTE businesses are valued at $1B+, and legitimate Inc. 5000 startups are run from…wherever. 📲

This is my office for the day…

I am actually running our business from the beach, typing this from here.

It’s 4:28 pm CET, which means it’s 10:28 am EST and I am CRUSHING my to-do list.

(And the team will continue to crush it while I’m asleep. That’s the 🗝)

So how did we get here? 

We launched NYCE and our mission to create 100,000 millionaires in March, 2020…just as the global COVID-19 lockdown happened. 😳

As a result, we shut down our main office and set EVERYTHING up to run remotely…

SMOOTHLY! And a system that allows us to outperform competition by 200%. (You can build this system, too. More on this in a second.)

Here’s what we were able to do since then:

  • Gained 6M+ followers across all platforms 📈
  • Add 1500+ new apartments to the portfolio 🤑
  • Grow to $300M in real estate 🚀
  • 105% investor returns 🎉
  • 700K+ community members 🤝

And here’s the best part…

Having team members in all the main time zones gives us a 24-hour work cycle vs. 9-5/eight-hour on-the-clock performance.

This means we get 3x the productivity of a similar company. 🔥

Let me repeat that…3x PRODUCTIVITY vs. our competitors.

Meanwhile our project management software grants us 24-hour TEAM-WIDE connectivity that tracks all tasks and lets us know if productivity dips even a little bit.

There is ALWAYS someone senior awake. It could be Martin in Barcelona…Nat in New York…Vineet & Arif in New Delhi.

All the while giving YOU GUYS wealth hacks and daily content. 🔥

OK, so how can you do it?!

Well, the first step is to have an actual side hustle you’re launching. Not just an idea, a validated business.

MAJOR KEY: Do NOT spend money until you’ve made your FIRST DOLLAR! 🗝🗝🗝🗝

(You can catch a replay Business Launch masterclass here and see TRIBE member Nessa launched her business on the spot and got her first $45K client shortly after.)

One of the easiest ways to start is with Airbnb—you can start that in 10 minutes. Literally. (Here’s a guide if you need it.)

Once you have your business, you build a virtual infrastructure (you really just need two softwares, which are FREE), manage the team accordingly and run the business from there.

I’m gonna put together a step-by-step video breakdown this weekend inside the new TRIBE U on the FIVE key things you need to do this for YOURSELF. 💵 💎

From what software to use, how to build a team, how to keep.

In the meantime, drop a comment if you’re ready to build some wealth and any questions if you want more…

Let’s get to work. 🙌

PS: If you can’t be bothered with video and just wanna get to work, we’re hosting a TRIBE U workshop that will help you get this process started on the spot. It’s $479 $49. 🔥

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Money

CHART: How Blockchain Powers Bitcoin

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Blockchain, Bitcoin. Bitcoin, blockchain.

The two terms go hand in hand—and have become almost ubiquitous with this year’s insane rise (and fall) of Bitcoin.

But what does it all really mean? How does it come together? In this week’s chart, our friends at CB Insights break down exactly how blockchain powers Bitcoin.

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