The StoNks thread

[Gustoo]

My totally basic index fund 401k has returned like 16 percent in the last 3 years. This isn't how it is supposed to be.

Diagnosis: fukt

[Gwaihir]

Fractional ownership of self selected properties yeah?

What I'm saying is, the properties that will be desirable for fractional ownership, if you're smart, will be the ones which the operator has a slew of added services...so that HIS profit motive is derived from added services; not YOUr property.

The business model hinges on finding quality Vacation Rental Operators that aren't relying on your equity investment for their day to day living otherwise his cut comes out of your investment instead of his services.

So, In order for WSGF to attract customers to their market, operator, retail consumer, and investor alike, hinges upon operators offering value added services, otherwise the self owned and operated vacation rental market already addresses a lowest margin option for everyone but the "investor, for the investor, even as a fractional owner of property, assumes all the risk, while the operator is free to find another job if the business fails and real estate equity pulls back.

[Gwaihir]

Also, with fractional ownership of select properties (think self-selected mortgage backed securities) the lienholder is likely Vaycaychella/WSFG themselves; which makes them a real estate investment trust, categorically, which means your equity growth will be hampered by regulation dictating a dividend schedule on profit earned once it makes listing on a major exchange.

[Gwaihir]

Never enter into a business relationship where the counterparty assumes less risk than you do.

[Pulgasari]

Originally Posted by Gwaihir [You must be logged in to view images. Log in or Register.]

Never enter into a business relationship where the counterparty assumes less risk than you do.

Never buy a house? Never rent a chuck e cheese party?

Idiot

[Patriam1066]

Index funds are killing it

Do not try to ball out or date women with lip filler. Worship God and be responsible. That’s how dad did it. That’s how America does it

[Gatordash]

I can't wait for the next lab made virus that stops the world's economy so we all become billionaires. Covid has made us all exponentially richer. Thank you Wuhan, Biden, and the Fed. Keep printing money and dropping mortgage rates, there is no way this can possibly go wrong.

fred.jpg

[Pulgasari]

Originally Posted by Gatordash [You must be logged in to view images. Log in or Register.]

I can't wait for the next lab made virus that stops the world's economy so we all become billionaires. Covid has made us all exponentially richer. Thank you Wuhan, Biden, and the Fed. Keep printing money and dropping mortgage rates, there is no way this can possibly go wrong.

[You must be logged in to view images. Log in or Register.]

Where does the money come from when the bank gives u a loan?

Like you borrow 50k, and owe them 80k. Where did the extra 30k happen?

[Gatordash]

Originally Posted by Pulgasari [You must be logged in to view images. Log in or Register.]

Where does the money come from when the bank gives u a loan?

Like you borrow 50k, and owe them 80k. Where did the extra 30k happen?

Money can only be printed when the US govt issues debt. So Congress passing trillions of dollars over the last year means we can print a ton of money out of thin air. It has slowed down recently but if they can pass the 'infrastructure' bill then we can print more money. So that, combined with everyone now owning a million dollar house, I assume is the reason our "wealth" has shot up so much even though the economy has been shut down.

[Mblake1981]

Originally Posted by Gatordash [You must be logged in to view images. Log in or Register.]

I assume is the reason our "wealth" has shot up so much even though the economy has been shut down.

I smile at the gas pump knowing our wealth has increased.