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TexTushHog · 08-09-2011, 02:29 AM

Quote:

Originally Posted by Lust4xxxLife

Whether it makes sense or not, it's the law and it's pretty clear. If a private company takes investment in exchange for equity, the investor must be 'accredited'. Here's the link:

http://www.sec.gov/answers/accred.htm

If you're not really a company (i.e., not registered), then the law doesn't apply.

If it's considered a loan and not investment in exchange for equity, the law doesn't apply.

Otherwise, it does.

This may be a better link:

http://www.sec.gov/info/smallbus/qasbsec.htm

Boltfan · 08-09-2011, 04:47 PM

Got it, I now see how you clarified the difference.

I think the odds are better on craps though, if a Vegas trip is in the future.

slims099 · 08-09-2011, 04:58 PM

Quote:

Originally Posted by slowmover

Asking about saving money here is like asking about car care tips on the demolition derby website.

Maybe, but not all you guys can be dopes who just make a few grand a month and blow it on these ladies or whatever. I TRUST there are some smart, financially-wise men on here who know a thing or two about how to turn money into more money.

That's my whole point really. I think residential or commercial real estate is my best option here for what I want my returns to look like.

slims099 · 08-09-2011, 05:04 PM

Quote:

Originally Posted by TexTushHog

You don't think you get returns on mutual funds "immediately." They are required by law to make dividends and capital gains distributions yearly.

And I assure you that all "get rich quick" schemes are just that -- schemes.

But if you want to turn $200k into $1,000,000 quick, your best bet is to go to Las Vegas and get some chips and go to the roulette wheel. Bet your $200k on red or black. If you win, bet it again. You have a .47368 chance of winning each time. A 22.435% chance of winning twice in a row. Your odds at the casino are much better than investing in some scheme that somebody tells you will get you "immediate returns" such that you can turn $200,000 into $1,000,000 in less than 22 - 25 years or so.

Good luck. With your investment expectations you're really going to need it.

I didn't say quick, but with investments it could happen within 10 years. Gotta have a little luck on your side!

And yes, I love poker so I would absolutely buy into the WSOP. Hopefully 2012!! Yeah!!

JohnBoyjrh · 08-09-2011, 05:25 PM

Don"t let me confuse anyone, that's oro not oral. Gold has had a damn good run up and I feel like it's ready for a correction. When it does, be ready to get in before the next run up. 5 years ago it was 600.00 , one year ago it was 1200.00, today it's 1740.00, tomorrow ?????? . Timing is everything. I usually try to buy after it's taken a run down and just starts to go back up. Conversely is when I sell. It's close to playing roulette. At least I feel more in control.

TexTushHog · 08-09-2011, 10:36 PM

Quote:

Originally Posted by slims099

Maybe, but not all you guys can be dopes who just make a few grand a month and blow it on these ladies or whatever. I TRUST there are some smart, financially-wise men on here who know a thing or two about how to turn money into more money.

That's my whole point really. I think residential or commercial real estate is my best option here for what I want my returns to look like.

To turn $200,000 into $1,000,000 in ten years, your after tax rate of return is going to have to average almost 20%. Actually, about 19.6%. That's a hell of an average for a decade. I know of nothing that can reliably return those sorts of rates.

Boltfan · 08-09-2011, 11:15 PM

Slims, have you considered becoming the Midland/Odessa mafia? Might get the returns you seek.

slims099 · 08-10-2011, 10:02 AM

Save 20k a month in 50 months = 4 yrs 2 months = $1,000,000

You mean to tell me its impossible to invest 200k or partner with somebody who's buying some nice commercial real estate for income... or buying a solid business with good returns and it's impossible to save 20k a month with some discipline?

Hell, cut that in half. Save 10k a month at 100 months (8 yrs 4 months). I know I can find a steady business for 200k, even with partnering with someone who has more business sense than I do. To where I can earn 10k or more per month. I can live off 2000-2500 a month. For 10 years? Ok it'd be a squeeze, but the point is, it's nowhere near impossible. I think it could happen with discipline and good enough business sense, and of course... The right amount of dough.

Sleepy363 · 08-10-2011, 10:13 AM

Quote:

Originally Posted by slims099

Save 20k a month in 50 months = 4 yrs 2 months = $1,000,000

You mean to tell me its impossible to invest 200k or partner with somebody who's buying some nice commercial real estate for income... or buying a solid business with good returns and it's impossible to save 20k a month with some discipline?

Hell, cut that in half. Save 10k a month at 100 months (8 yrs 4 months). I know I can find a steady business for 200k, even with partnering with someone who has more business sense than I do. To where I can earn 10k or more per month. I can live off 2000-2500 a month. For 10 years? Ok it'd be a squeeze, but the point is, it's nowhere near impossible. I think it could happen with discipline and good enough business sense, and of course... The right amount of dough.

You're assuming that it's so easy to just jump in and have a successful business. You do know that a good majority of businesses fail right? It's not the guarantee that you are making it out to be here.

slims099 · 08-10-2011, 10:18 AM

You're absolutely right. Maybe start with 50-60k investment. And learn a business, and take a chance and move in. Not just go in blindly.

Nothing's a guarantee, I totally understand that.

JohnBoyjrh · 08-10-2011, 02:26 PM

Just because they're a broker doesn't mean they know shit. Was at a social gathering (non hobby) just the other evening and the subject of gold came up with a couple of friends. A fellow I didn't know chimed in and said gold would never reach 1600 again. This was after it had fallen back from over 1600 to 1580 or so. I had just bought at 1580. He claimed gold was going to continue it's decline and I should sell what I held and invest in stocks. I ask him what he did for a living . He said he was a broker for Merrill Lynch. Gold is 1770 today and stocks are in a free -fall.

slims099 · 08-10-2011, 02:55 PM

Thanks John. Gold is going nuts I know. Gheez.

Boltfan · 08-10-2011, 03:47 PM

Slims, I am also not sure you are going to find someone willing to sell a business in which they are making $14-15k per month for only $200K, let alone $24k per month in profits.

slims099 · 08-10-2011, 04:07 PM

Also true, that's why I have partners. Friends who own businesses already. They always want to expand their trades and make more money. Maybe one day I can put money together with theirs and make something good happened.

slims099 · 08-10-2011, 04:11 PM

And also Boltfan. It's not like I'd just stop with 1. Save what I can, and get another one, as long as I don't expand too quickly and fail. That would be pretty damn bad. I think with the right partners... OR the right education and knowledge of a business, it can happen.

Do people stop at 1 business? I hope not, some guys have 5, 10, 30. I dunno. I know it sounds like I'm daydreaming but it happens. Just throwing it out there.