@vrexec Also an excellent example of risk taking AND the time value of money
Most people get a W2/401k and invest in VOO because it's "less risky"
Yeah but the risk there is that it takes 40 years to work
Taking big MONETARY risks in your 20s is a great idea
@johnfpontius Dad of 3
Flexibility on quantity not on quality for us.
Meals should be high quality w lil substitution available
Kids just seemingly aren't hungry often.
Typically my toddler+ kids crush ~1 meal a day and eat v little else
Mmm a tale as old as Baker Street
-------
This city desert makes you feel so cold
It's got so many people, but it's got no soul
You used to think that it was so easy
Another year and then you'd be happy
He's got this dream about buying some land
And then he'll settle down in some quiet little town
And forget about everything
But you know he'll always keep movin'...
@vrexec 20% down is a lot of cash and swings the argument at these time scales.
Many people will have access to the same leverage at 3 to 10% DP.
Totally juices the ROI AND the inventory you can get into via buying vs rent
@vrexec The 90% is key
Whether your smb or w2 most people don't need to operate in the physical world to meet their physical needs
A disconnect of purpose IMHO
#Bears HC Ben Johnson on the tush-push staying: "Have you ever seen a tush-push become an explosive play? I like explosive plays. I like big plays. So, I'm not a big tush push guy myself."
Follow along this thread. It might blow your mind.
Many of you know I worked in equity research at one of the top consumer analyst teams on Wall Street (Evercore, RBC) for several years before going out on my own and building Goods Group in 2021.
Investing is a core competency for me. I love the stock market, always have, and thatβs why I was ultimately drawn to that career. I owe a lot of what Iβve done since to that experience... the mentorship, network building, and skills development.
We all have our own ways of doing things... ways to research industries or companies, preferred sources, preferred methods, designs, etc.
Over the past year and especially recent months, Iβve been quietly developing another internal platform called goodsDEX that organizes and super-charges my own way of working.
Here we go....
Follow along this thread. It might blow your mind.
Many of you know I worked in equity research at one of the top consumer analyst teams on Wall Street (Evercore, RBC) for several years before going out on my own and building Goods Group in 2021.
Investing is a core competency for me. I love the stock market, always have, and thatβs why I was ultimately drawn to that career. I owe a lot of what Iβve done since to that experience... the mentorship, network building, and skills development.
We all have our own ways of doing things... ways to research industries or companies, preferred sources, preferred methods, designs, etc.
Over the past year and especially recent months, Iβve been quietly developing another internal platform called goodsDEX that organizes and super-charges my own way of working.
Here we go....
@vrexec If you sell your spx before 1 year you pay full income tax
No income tax on primary home up to 500k+leverage.
Buy a 500k house for 100 down and sell 5 to years later for 1MM, that's a 10 bagger
Near impossible to find that in any 10 year span of spx
Having kids is a life hack.
I moved to Europe, take weeks long road trips in the Alps, island hop in Greece and Italy, hike the Scottish wilderness, hang back at the Jersey Shore in the summer.
The money I make goes to investing, experiences, and freedom for my family.
Different priorities. Different definition of rich.
For many, renovating and reselling their first home will be the closet they ever get to the agentic lifestyle you proselytize!
For fewer it may even be a lifetime towards entrepreneurship.
The financial value is close to a wash vs s and p (though leverage and taxes go to home ownership) but if your young and have never owned a thing your almost certainly better off with the experience of buying as early as responsible.
@vrexec Probably some synthesis potential with your earlier tweet about your boys not understanding what you do
What initiation ceremonies are necessary to introduce them to real world responsibility etc
@vrexec This post made me realize another "AI" tic.
Why do AI generated posts speak in what I would call the second person.
Most people speak in 1st or third person. This AI went from I/me to "you". V strange, most don't speak like that.
Your basically describing a job...
In the way it was understood by most before the early 2000s
Global tech boom/combined with millennial aspirations to continue the exponential increase in quality of life/consumerism that the boomers started created this new idea. That you had to make millions by working 80 hours a week.
Now many are realizing exactly what you said. You don't need much to be happy.