Truth

I have already budgeted my Trump money into assets. Will continue my steady savings. We need multi-generational wealth that can't be confiscated, so our great grand children can prosper.

What we can do with ambition, frugality, and investing:
* Financial independence
* Raise a large family
* Build inter-generational wealth
* Save western civilization through political philanthropy

building multigenerational wealth is an absolute goal

@Zyzz Do you have any recommendations o. Preserving wealth through 3 and 4 generations?

My dad got me into the saving mindset by not spoiling me. He forced a frugal life on me and made it clear that I’ll get a good education and a safe neighborhood, but everything else will be my doing. Any funds would only be received after he dies. Makes sense to me.

@Freiheit - CA good question. i am in the building stage at the moment. once i have it built and i have the family i will think about how to preserve it. although i think it has a lot to do with instilling good values into your kids/grandkids. once you die you have 0 control over what happens

Family trusts give you a good amount of control.

Helps if you have dysfunctional relatives/kids.

Excellent.

Is there a way I can put physical assets in trust but kept in my possession, like a will, or is that just a will?

Of course. A trust differs greatly from a will

NEVER finance a car purchase! If you can’t pay cash, you can’t afford it. Lottery tickets are a “stupid tax” on the lower class. Car payments are the “stupid tax” on the middle class.
https://youtu.be/_oG6mQ5rjFI

I agree. Save up for a car!

👀

@Deleted User did you see this story yet?

https://www.reddit.com/r/wallstreetbets/comments/922gtp/facebooks_put_play_from_yesterday_im_20_time_to/

wot

Betting on SJW companies to fail seems like a good investment strategy.

Tbh I think fb is going to go back up

Maybe over the short term but I think Facebook is past its prime. Something tells me that kids of the next generation wont use it like we did.

yes, of course

haha this was 100% trump

https://v.redd.it/21ywyaf35ad11

@Tanner - SC that's great

@ThisIsChris soon you'll have to change your avatar.

@Freiheit - CA why's that?

Zuckerberg won't be controller of the planet anymore.

@Freiheit - CA am I missing something? What happened to him?

The previous ten posts.👆🏻

@Freiheit - CA lol thanks. I need to think of my next avatar

I have been seeing a reoccurring theme of reports that private equity companies are entering the lending space. This makes me think they believe we are at or near the top.

I believe their strategy is essentially “lend to own” as in they will make loans on assets/companies they would like to own at a lesser basis than what they are currently going for in today’s market. This is a form of predatory lending but nonetheless a sign that some of the smartest guys in the room are positioning themselves for an inevitable downturn.

@Zyzz hot take. What are some actions you think investors at our level could take? Hop onto REITs maybe? Gold is at a multi-year low too. Idk, what do you think?

@ThisIsChris sell off your portfolio and stay in cash. Wait for a correction to happen and don’t be in a hurry to buy or to catch the bottom. 2008 was a horrible time to buy because prices were still going down. Between 2009-2012 was great because things were stagnant for the most part. When we do hit the bottom things are not going to jump back up all at once. No, I don’t think we are going to see another black Monday. So be patient.

Shorting SJW companies whenever trump starts to act up is pretty woke actually

Not a terrible idea

Word of the day on <http://www.UrbanDictionary.com>