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Re: kiyosaki has reached new low - unbelievable
Old 05-01-2007, 06:59 PM   #21
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Re: kiyosaki has reached new low - unbelievable

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Originally Posted by aenlighten
Worse than the lottery is an exaggeration, but there are a lot of bad ones out there which conveniently disappear once their record becomes too bad and are folded into a better performing fund.
Absolutely correct. Most people are better off with ETFs or individual stocks. But mutual funds are currently the default option for novice investors, and scaring them away with nonsense about lotteries is hardly likely to encourage savings and investment (can't you just hear it: "It's a rigged game, Tom/Megan, you can't make any money so why bother? Let's just get a new car!").
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Re: kiyosaki has reached new low - unbelievable
Old 05-01-2007, 07:14 PM   #22
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Re: kiyosaki has reached new low - unbelievable

After reading this, my conclusion is that the only logical investments are Amway and Phoenix real estate.

I think that the lottery returns 50 cents to the dollar while the stock market returns 110 cents to the dollar. But it seems a lot of people can't convert cents to dollars.
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Re: kiyosaki has reached new low - unbelievable
Old 05-01-2007, 08:08 PM   #23
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Re: kiyosaki has reached new low - unbelievable

Maybe Kiyosaki is making a new career field. We could call it comedic financial entertainment.
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Re: kiyosaki has reached new low - unbelievable
Old 05-02-2007, 04:58 PM   #24
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Re: kiyosaki has reached new low - unbelievable

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Originally Posted by d
my initial reaction to the subject heading was: not possible. but after reading the "article" i must admit that i was wrong. indeed, a new low.
You read my mind This article is so amazing I wish I could show it off!
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Re: kiyosaki has reached new low - unbelievable
Old 05-02-2007, 05:25 PM   #25
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Re: kiyosaki has reached new low - unbelievable

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Originally Posted by bssc
...But it seems a lot of people can't convert cents to dollars.
Or perhaps "sense to dollars"
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Re: kiyosaki has reached new low - unbelievable
Old 05-02-2007, 08:05 PM   #26
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Re: kiyosaki has reached new low - unbelievable

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Originally Posted by Mwsinron
Maybe Kiyosaki is making a new career field. We could call it comedic financial entertainment.
New? I would argue that it already is a well developed field. Look at money magazine, iBD, Forbes, fortune, or yahoo finance

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Re: kiyosaki has reached new low - unbelievable
Old 05-03-2007, 09:23 AM   #27
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Re: kiyosaki has reached new low - unbelievable

I think he's right. Every time I look at the lame returns on my Mutual Funds, I think of how much more money I make properly investing in real eastate. For me - no comparison, Mutual Funds are crap. I have easily recieved a 30 - 50% ROI on 2 real estate investments in less than 2 years, while my MF sits stagnate by comparison.
The real benifit is safety. I like going out on strong steady limbs.......
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Re: kiyosaki has reached new low - unbelievable
Old 05-03-2007, 09:37 AM   #28
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Re: kiyosaki has reached new low - unbelievable

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Originally Posted by OffRoadAudio
I think he's right. Every time I look at the lame returns on my Mutual Funds, I think of how much more money I make properly investing in real eastate. For me - no comparison, Mutual Funds are crap. I have easily recieved a 30 - 50% ROI on 2 real estate investments in less than 2 years, while my MF sits stagnate by comparison.
The real benifit is safety. I like going out on strong steady limbs.......
Uh-oh. Looks like Mr. K sent in his reserves.

(Notice the low number of posts)
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Re: kiyosaki has reached new low - unbelievable
Old 05-03-2007, 10:25 AM   #29
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Re: kiyosaki has reached new low - unbelievable

Hmmm - one does not invalidate the other. I sold and ate the duplex in ER, while my IRA compounded thru the nineties. While I might get severe heartburn talking about timberland and those stinking Spotted Owls - I do know people who successfully retired on real estate only, mostly and various combinations thereof with mutual funds. Different skill sets.

Should I get bored and decide to diversify again into RE - I really really don't think Mr K. is gonna be my go to guy for the 'straight poop.'

heh heh heh - poop maybe, but not the straight poop. :
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Re: kiyosaki has reached new low - unbelievable
Old 05-03-2007, 01:18 PM   #30
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Re: kiyosaki has reached new low - unbelievable

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Originally Posted by ScaredtoQuit
Uh-oh. Looks like Mr. K sent in his reserves.

(Notice the low number of posts)
Yes - I truley am a minion from hell, due mostly to my low number of posts.

I do still keep a mutual fund, it's just that I have found a good way to make the money compound faster and greater, so to me - the money in the MF seems like a wasted opportunity. I guess I'll need to validate this so: I'm 34 and work only when I want to- when I'm 40, I'll be done. Real Estate.
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Re: kiyosaki has reached new low - unbelievable
Old 05-03-2007, 01:21 PM   #31
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Re: kiyosaki has reached new low - unbelievable

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Originally Posted by OffRoadAudio
I guess I'll need to validate this so: I'm 34 and work only when I want to- when I'm 40, I'll be done. Real Estate.
Well, that's a lot more believable than PDF scans of Schedules E...
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Re: kiyosaki has reached new low - unbelievable
Old 05-03-2007, 01:25 PM   #32
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Re: kiyosaki has reached new low - unbelievable

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Mutual Funds are crap

guess that settles it!
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Re: kiyosaki has reached new low - unbelievable
Old 05-03-2007, 01:28 PM   #33
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Re: kiyosaki has reached new low - unbelievable

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Originally Posted by bssc
After reading this, my conclusion is that the only logical investments are Amway and Phoenix real estate.
And don't forget beev3r-cheeze futures.
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Re: kiyosaki has reached new low - unbelievable
Old 05-03-2007, 01:30 PM   #34
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Re: kiyosaki has reached new low - unbelievable

and commemorative medallions.
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Re: kiyosaki has reached new low - unbelievable
Old 05-03-2007, 01:40 PM   #35
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Re: kiyosaki has reached new low - unbelievable

commemorative beev3r-cheeze medallions?
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Re: kiyosaki has reached new low - unbelievable
Old 05-03-2007, 01:47 PM   #36
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Re: kiyosaki has reached new low - unbelievable

don't diss beev3r cheeze futures ...
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Re: kiyosaki has reached new low - unbelievable
Old 05-03-2007, 02:22 PM   #37
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Re: kiyosaki has reached new low - unbelievable

Actually, there is a commemorative plate of ALF that has increased greatly in value. You know ALF right? The fuzzy little alien guy with bad manners. If you find one in good condition - get it!

See, just one more non-conventional way to go about it.

BTW - if that was an actual request for a PDF E - you must be a bigger fool than you think I am.
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Re: kiyosaki has reached new low - unbelievable
Old 05-03-2007, 03:42 PM   #38
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Re: kiyosaki has reached new low - unbelievable

Quote:
Originally Posted by OffRoadAudio
I think he's right. Every time I look at the lame returns on my Mutual Funds, I think of how much more money I make properly investing in real eastate. For me - no comparison, Mutual Funds are crap. I have easily recieved a 30 - 50% ROI on 2 real estate investments in less than 2 years, while my MF sits stagnate by comparison.
I agree that, in the long-term, it is all but impossible to "easily" average annual returns of 30%-50% in mutual funds. It is certainly possible to luck out like this once in a while, but such returns are exceptional.

As to whether it is possible to earn average annual returns of 30-50% on real estate: well, I have my doubts. It just doesn't seem sustainable to me. Your experience is apparently limited to less than two years, which I respectfully suggest is not sufficient to provide a reliable comparison. Various studies have suggested that in the long-term (25+ years), real estate gains have averaged about 2%, after taking inflation into account.

P.S. Generally speaking, I don't think that anyone's opinion is more or less valuable because of the number or scarcity of previous posts.
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Re: kiyosaki has reached new low - unbelievable
Old 05-03-2007, 04:17 PM   #39
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Re: kiyosaki has reached new low - unbelievable

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The fuzzy little alien guy with bad manners. If you find one in good condition - get it!
i actually found one, but he didn't have his green card.
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Re: kiyosaki has reached new low - unbelievable
Old 05-03-2007, 05:23 PM   #40
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Re: kiyosaki has reached new low - unbelievable

Heck, I retired when I was only 19! How did I do it? I started a hedge fund that arbitraged Franklin Mint commemorative NASCAR plates.

Once I made my seed money in the plate Hedge Fund, a bailed out before the money moved to unicorn figurines. I invested the cash in high speed envelope stuffing machines and tripled my money in six weeks mailing "make money quick in real estate" newsletters to working stiffs desperate to become wealthy without actually having to work. I sold out to Sam Zell as a favor to help him out when he was down. He used my system as the basis for Equity Office Properties Trust.

I then took this capital and started a business incubator, funding real estate seminar providers. That is where the real money is! I quit at 1 billion because making money was not longer a challenge.

Today, I am typing this while floating in the pool on my 250' yacht, with a Dallas Cowboy cheerleader giving my foot a massage and a glass of $500/bottle champaign in my hand. Cheers!
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