newwb

Looks like a buying opportunity coming up on GOOGL soon. Seems like most investors think the world is ending and GOOGL, AMZN, NVDA, FB are going to 0 by week's end.

Just curious about why you say this. I'm not saying you're wrong (because you aren't), but I would just like to know why you made this statement with conviction. I'm very aware something could happen, but I also experienced this in 2008. My 10+% returns have been on average since 2005. That's not to suggest or assume they will continue on this trend, but I am fairly confident that even in a recession or crash, the markets will eventually recover. I also keep on hand a decent amount of interest bearing cash to take advantage of these situations, and also protect from the downside. But like with any investment, there are risks.

I just pay a CFA to manage my funds. He charges me 1% annually, and that's what I netted in 2013 after fees/tax. It's mostly fixed income, technology, oil/gas, REIT, type of investments in the stock market. I make occasional trades, but I don't do it full time.

Interesting because if it wasn't for 2008, I wouldn't be nearly as wealthy as I am now. I lost quite a bit of money in 2008, but also made more than double my money back as the market recovered. Which is why I don't worry too much when people warn of market crashes...if I could survive 2008, and come out on top, it doesn't seem like there is much to be afraid of. I could be wrong, but it doesn't appear that way.

I'm not really. In Dallas at the moment, but looking to move. I love SF and NYC, and would like to move there, but would also find something to do out there since the cost of living is so high. However, I have been seriously considering just moving and dealing with it.

I do not want to stay in Dallas, this place is just not for me.

I'm not really driven by any of these really. Maybe impact to some degree, but in the sense that I am passionate about making better things for humans. Whether it be food, appliances, everyday things, I think in general the quality of a lot of the stuff we use every day has gone to hell. For example, the guy who made the Ronco chicken rotisserie thing, the intial machines were actually very good quality, but once it got bought out, the manufacturing quality was cut in order to increase profit, since the brand was already built.

Building better things for people, and offering them amazing experiences is what I think I would like to do. Hell, if I just knew how to get in contact with some really high quality manufacturers, I think I could figure out how to create some pretty cool stuff. It just seems like all that stuff is kept secret, and only the people who are already successful can know about it. It's just like the kid in NYC who sells truffles to chefs all day. If someone could figure out where he is sourcing from, they could do the same thing, but it's all cordoned off.