Rassah

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About Rassah

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  • Birthday July 12

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    Rassah

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  1. Hey, in case anyone cares what's been going on with me lately: Plane was taken in for an annual inspection last April, iron and aluminum found in the oil filter. That means the engine needs to be taken apart and rebuilt, so about $20,000 to get the plane fixed. Even 50/50 with my co-owner that's still an ouch. It won't be out of the shop until September. Bitcoin is over $4,000 now. That investment continues to pay off. Sorry if you kept ignoring me when I've been telling you to buy it over the many years. I quit and stepped away from my software developer management job. The company was doing things that I just didn't find ethical, so I stepped away, since I don't want that to rub off on me. I still hold a reputation of being completely trustworthy in my field, though I guess I'm not involved in it in any way anymore. Despite that, my various investments and ventures are doing well. I think I increased my net worth by another million this past year. It doesn't feel real, honestly. They say your first is the hardest, and the rest come easy, which I found to be true, but I'm still living like I used to, being frugal as hell, eating fast food, etc, so it just feels like unreal numbers to me. On the other hand, thanks to that extra money, I'll finally be able to get my husband to retire in about a month. It sucked where I wasn't tied down by a job and thus could go anywhere I wanted to, but him having only three weeks of vacation meant having to leave him behind all the time. My best friend was really depressed, like to the point of being suicidal, and nearly went over the edge after playing Night in the Woods, where the main character has a monologue about feeling like a loser all her life. My friend admitted feeling that too. I decided to save him, him being my best friend and the love of my life and all, and asked him if he would like me to teach him to be successful like me. He said yes, so I'm having him read some books and am teaching him about money and business. We decided to do real estate investing together, which I'm using as a teaching tool. And just from the first few things I taught him, he changed his world view so much he actually just up and quit his job (with a 6 week notice) deciding to go into real estate and business with me full time. He's a lot less depressed and more motivated now, especially after realizing that his job was the reason he was so stressed and depressed. Even stopped taking his antidepressants because he says he doesn't need them. It's a huge responsibility, which I'll gladly cary, but am worried about. But this is also what I had hoped to do for Red, teaching her to be successful and financially independent, who also approached me after hitting bottom and wanting to climb back up, so I'm happy. I also want to see if I can repeat what I did before to get to where I'm at now, following the same things I did again from the beginning. So I'm trying to build wealth from nothing, just doing the real estate thing, not touching my money and just using credit cards and "working the system" in business. Basically to prove to myself that someone, if they work at it and do what needs to be done, can do it starting from scratch. I'm nearly maxing out my cards, taking on enormous risks, and busting my butt a lot, but it seems to be working. We have a house we put a bid on already, hoping to get it for $160k, which after putting about $60k into for repairs, we should be able to sell for $250. After all expenses we should be able to make about $20k to $40k on that flip within about 4 months. Deals like this are hard to find though, so it takes a lot of looking. All in all I'm happy. My husband is about to be free to stay home and travel with me, and my best friend of 20 years (who used to be my crush for the first 12 of them) is now my business partner who gets to work and travel with me too. And the work we do mainly involves helping other people out of crap situations, so this works with my ideal of being completely transparent and ethical in everything I do. Can't really ask for much more.
  2. Had a three day class in Dallas (trying to get into real estate investing). Figured it would be a good chance to visit Red's family. They're all doing ok. Life is still hard for them, so if you can send gifts, please do. Red's youngest brother is one year from graduating high school. Seems to be doing well. Didn't get a chance to bring my scanner with me on this trip, so didn't get a chance to scan her typewritten stories. Her gravestone still looks nice. Someone stopped by to visit and put a bottle of Red Apple Cider on it. Don't know who it was, but I guess thanks. It was gone by the time I went to look at it. I found someone else to take under my wing and teach what I was going to teach her, so I'm happy. She inspired me to do this and so much more though. Still sucks she's gone.
  3. Hi guys. Sorry I don't have time to play with you. Just started instrument flight rating pilot classes, a new beehive, working on building two new robots, and just started learning real estate investment classes, which by the sound of it will be like a full time job of learning for the next two years, so I'm understandably busy. But, bitcoin at $1,400.
  4. *DETERMINATION increases*
  5. Who the hell is Rtailah?
  6. Any progress on this?
  7. immigration game

    My Trezor and my smartphone
  8. Bitcoin back up to over $1,000 again. $1,030 now. Nice 170% return over the last year, compared to 12% of the stock market.
  9. Looks like it settled at $900 or so. $1k was nice while it lasted, but I'm sure it'll get there again. Anyone up for hanging out in Toronto in March?
  10. You plan on watching the debate between Adam Kokesh and Christopher Cantwell tomorrow? 

    1. Rassah

      Rassah

      Obviously not since I missed this message and didn't even know about that :( I was busy at a Bitcoin conference that day too.

  11. Yep. Rise a whole lot, get to bubble stage, then drop to a point much higher than where it started, which it seems to do every time there's a large price rise. Still up 16% over the last 30 days (started at $750, leveled at $900). And still 120% up in the year, which is ridiculous for any investment.
  12. I need to get all my FCC licenses in order before I can come for a Tim Hortons visit. I don't know why the meets stopped though. Someone got banned? @Saxon I wonder why they think I'm spinning a yarn? Do they know about future value of annuity formula, or dollar cost averaging? (The things I described) Or long term rate of return on stocks? I wonder if they're active stock traders instead of long term investors? For the record, I don't own the S&P500 or Vanguard
  13. S&P500 automatically reshuffles what stocks belong to it, dropping off failed companies and adding succeeding. Furthermore if "everyone" did this, the market would get a huge influx of capital, and businesses would be able to grow, expand, invest in R&D, and create new products much faster. Everyone would actually be able to win, with the overall economy growing rapidly, as opposed to this being just some winning at the expense of others. Really the only reason most people don't do this is because most people simply don't know about this, or think stock investing is hard and something only rich people on Wall Street are able to do. I used to be a personal financial advisor, and that's pretty much the reasons I got from people. Regarding your dad, I don't know how much he invested every month, for how long, and into what stocks. It could be he picked something with a lot lower return, or started investing late so didn't invest for as long, or just invested too little. My husband has been investing into his IRA into Vanguard Index Shares for years on my advice, and his 5 year return is 12.92% so far, with the overall return of 45%, which is pretty much on target. You can figure out what happened with your dad by just checking the historic return of his stocks (divide it by 12), how many months he has been investing (or years times 12), and how much he was investing every year, then stick that into the link I gave you and see if you get the same number.
  14. Average long term rate of return on the overall stock market is 12%. That's basically S&P500, or any S&P mutual fund. Might go down some years, but up others, and averages out. That's really the safest investment, cause you are investing in the whole economy. If you invest once a month, that's 12% / 12 = 1% a month. If you are 20 and plan to retire at 65, that's 65-20=45 years, or 45*12=540 months. Go to http://www.investopedia.com/calculator/annuityfv.aspx Enter 1% into the Interest rate per period, 540 for number of periods, and 100 for present value (that's the $100 you're putting in every month). Look at the result. Becoming a millionaire is simple. It's not easy, because you have to force yourself to stick to it, you have to forgo some short term fun and luxuries, and you have to not fear the risks and the downs that might make you want to bail out. But it is simple.
  15. That's why people don't invest in stocks either. "You mean I can just put $100 into an S&P500 mutual fund, not think about it, and be a millionaire by the time I'm retired? Or a Small Cap company fund and retire early? What's the catch?!" Yeah, this is just faster cause it has much more potential to grow than well established companies that can't go anywhere. There's also the element of not trusting rich people (and general distain for the rich/1% promulgated by collectivist philosophy), which means that anyone who figures out how to get there becomes untrustworthy, and instead of others asking them how they did it, they become skeptical of all their claims (especially when the same philosophy spreads the idea that anyone with money only got there by taking it from others). Good way for the socialist leaders to keep the wealth divide nice and wide. So, yeah, unfortunately I understand all of that. Just saying "I told you so" to no one in particular.