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PaperclipPerfector  10mo ago (text post)   3018 thread views

Wellness Wednesday for December 27, 2023

The Wednesday Wellness threads are meant to encourage users to ask for and provide advice and motivation to improve their lives. It isn't intended as a 'containment thread' and any content which could go here could instead be posted in its own thread. You could post:

  • Requests for advice and / or encouragement. On basically any topic and for any scale of problem.

  • Updates to let us know how you are doing. This provides valuable feedback on past advice / encouragement and will hopefully make people feel a little more motivated to follow through. If you want to be reminded to post your update, see the post titled 'update reminders', below.

  • Advice. This can be in response to a request for advice or just something that you think could be generally useful for many people here.

  • Encouragement. Probably best directed at specific users, but if you feel like just encouraging people in general I don't think anyone is going to object. I don't think I really need to say this, but just to be clear; encouragement should have a generally positive tone and not shame people (if people feel that shame might be an effective tool for motivating people, please discuss this so we can form a group consensus on how to use it rather than just trying it).

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I know this is your thing but putting all your money into highly leveraged sector-specific funds isn’t always such a genius strategy.

You're only risking $50k. If the market crashes, maybe you lose 3/4 of it, but it can still recover. According to the stats , most small businesses fail within a decade. I would not say it's less risky --probably more risky because you are putting up more capital, with a 50% chance of a total loss (or even more if you continue to add money) within 5-10 years, going by the stats. Or in terms of risk, this is a highly skewed strategy in which the mean is boosted by a few outliers (like founding the next Starbucks) but the median is negative. Rental properties are probably better than $500k in business, imho, in terms of maximizing risk-adjusted returns and good median vs. mean returns.

This guy did not only risk 50k. He invested several thousand a month throughout. 8k/month in 2022 and 12k/month in 2023

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