Hi. I am a 38 years old, married with two young boys. This is my first time posting on the site. A little about my financial situation. I started my own business about 4 yrs ago and things are going really well right now. At this point I have a net-worth of just over 3.7M am hopeful to be over 4.5M by the end of the year. I am currently pulling in over a million a year, but feel that the future of my business model is under threat due to legislation and other forces outside my control. Unfortunately, selling it is not really realistic as I don't think I could get any reasonable offers. I have no debt other than my mortgage which is a 10 yr fixed at 3.25% (about 380k left on it), so I'm in no hurry to pay that off. I live well below my means, as I know that the sunny days won't last forever.
Now about my investing style, I absolutely abhor the stock market! I don't understand why people feel like that's their best opportunity to get a good return. About 80% of my investments are in private equity deals, commercial real estate opportunities. The other 20% (401k, 529) which make up my stock portfolio are almost exclusively in commodity based investments, precious metals, energy, agriculture, as an inflation hedge. I own no bonds, as I believe they make no sense for me, especially with serious inflation looming around the corner.
The bottom line for me is this.. I only want to invest in things I have some control in. I have zero control in anything on the stock exchange. I might as well throw darts at a dartboard. If you work on wall street, fine, I can understand being in the market. I do not want to be an outsider playing an insiders game. I can understand that some of you may think that my portfolio is too risky. I will say this, though, the biggest asset we have is time, not money. And I am not a fan of the Dave Ramsey's or Suzie Ormans of the world. Ramsey didn't become a multi millionaire by paying down debt and making 3% a year over 30 years in mutual funds. Who really cares if you're the richest guy in the nursing home? To me, wealth, real wealth, really only comes from entrepreneurial pursuits. That is why, such a large portion of my portfolio is in private equity deals. I realize that many of the investment vehicles that have been open to me are not available to everyone, and that I am very fortunate. I hope none of this comes across as rude, and i realize everyone has different financial goals and needs, and different ways of reaching their goals. I would love some feedback regarding my views. Many thanks.
Now about my investing style, I absolutely abhor the stock market! I don't understand why people feel like that's their best opportunity to get a good return. About 80% of my investments are in private equity deals, commercial real estate opportunities. The other 20% (401k, 529) which make up my stock portfolio are almost exclusively in commodity based investments, precious metals, energy, agriculture, as an inflation hedge. I own no bonds, as I believe they make no sense for me, especially with serious inflation looming around the corner.
The bottom line for me is this.. I only want to invest in things I have some control in. I have zero control in anything on the stock exchange. I might as well throw darts at a dartboard. If you work on wall street, fine, I can understand being in the market. I do not want to be an outsider playing an insiders game. I can understand that some of you may think that my portfolio is too risky. I will say this, though, the biggest asset we have is time, not money. And I am not a fan of the Dave Ramsey's or Suzie Ormans of the world. Ramsey didn't become a multi millionaire by paying down debt and making 3% a year over 30 years in mutual funds. Who really cares if you're the richest guy in the nursing home? To me, wealth, real wealth, really only comes from entrepreneurial pursuits. That is why, such a large portion of my portfolio is in private equity deals. I realize that many of the investment vehicles that have been open to me are not available to everyone, and that I am very fortunate. I hope none of this comes across as rude, and i realize everyone has different financial goals and needs, and different ways of reaching their goals. I would love some feedback regarding my views. Many thanks.
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You said you could not get a good offer... just wondering what you think one is... BTW, do you have employees etc. or just you?
