WLs and crypto

[Fred Flintstone]

I went and saw one of my regular WLs this week. I have a good punter/WL relationship with her since I’ve been seeing her on and off for over six years.

After I popped, we still had some time remaining and had a bit of chit chat. She started telling me about her crypto investments and how much money she was making. She said she studies beforehand and that I should also invest in it. She rattled off a few types of crypto I should check out. I didn’t say anything and just had a little chuckle to myself. If only she knew that crypto is not based on any economic principles apart from greed and naivety.

Is this a modern version of the case of bellhops in New York giving out stock trading tips prior to the 1929 crash?

[rooter]

I went and saw one of my regular WLs this week. I have a good punter/WL relationship with her since I’ve been seeing her on and off for over six years.

After I popped, we still had some time remaining and had a bit of chit chat. She started telling me about her crypto investments and how much money she was making. She said she studies beforehand and that I should also invest in it. She rattled off a few types of crypto I should check out. I didn’t say anything and just had a little chuckle to myself. If only she knew that crypto is not based on any economic principles apart from greed and naivety.

Is this a modern version of the case of bellhops in New York giving out stock trading tips prior to the 1929 crash?

Tell that to all the people that have turned a few hundred dollars into tens or hundreds of thousands of dollars. They will laugh at you!
People who think they are so clever and rational have been saying the Crypto "bubble" will burst for 5 years now. Probably the same smug people who have been saying the property "bubble" will burst for 30 years. And meanwhile "naive and greedy" people have been getting richer and richer.

[cumquat]

ML /WL - it’s a job. There is no correlation between IQ/EQ and job description.

Fred . Maybe open an account and drop a months punt spend in …

Now, if a foxy lady suddenly appears in your WeChat, immediately asking wh-t you do for a job and how she runs a cosmetic business, plays golf and in her spare time likes to play with her investments (crypto inc) and she’s telling you … it’s much easier too communicate in WhatsApp .. chuckle then

https://itbrief.co.nz/story/more-countries-to-adopt-bitcoin-as-legal-tender-in-2022-expert

[DireStraits]

Tell that to all the people that have turned a few hundred dollars into tens or hundreds of thousands of dollars. They will laugh at you!
People who think they are so clever and rational have been saying the Crypto "bubble" will burst for 5 years now. Probably the same smug people who have been saying the property "bubble" will burst for 30 years. And meanwhile "naive and greedy" people have been getting richer and richer.
But it will burst… we were just wrong about how long it will take! Give it a few more years and it’ll all come crashing down, I promise! 😉

[rooter]

But it will burst… we were just wrong about how long it will take! Give it a few more years and it’ll all come crashing down, I promise! ��

Hahaha! Yep, stay away from those speculative investments.
Keep your money safely in the bank.
If you invest $100,000 in a term deposit you can earn .25% pa.
Wow! That's $250 in one year. That's enough for one punt! :)

[rooter]

oops, repeat post

[Nathan2021]

I went and saw one of my regular WLs this week. I have a good punter/WL relationship with her since I’ve been seeing her on and off for over six years.

After I popped, we still had some time remaining and had a bit of chit chat. She started telling me about her crypto investments and how much money she was making. She said she studies beforehand and that I should also invest in it. She rattled off a few types of crypto I should check out. I didn’t say anything and just had a little chuckle to myself. If only she knew that crypto is not based on any economic principles apart from greed and naivety.

Is this a modern version of the case of bellhops in New York giving out stock trading tips prior to the 1929 crash?

I have been inviting in crypto for past 4yrs. I research the subject daily. Crypto / Blockchain is currently where internet was in 1998.

Over the next 10-15yrs crypto, NFT, Metaverse, gaming, Defi will be a major part of our daily lives.

It’s not for everyone but put time in to learn. There is ALOT of money to be made. It’s made me very financial secure. Hope this helps 🙏🏽

[Fred Flintstone]

Hahaha! Yep, stay away from those speculative investments.
Keep your money safely in the bank.
If you invest $100,000 in a term deposit you can earn .25% pa. Wow! That's $250 in one year. That's enough for one punt! :)

$100k invested in Vanguard index funds would have given you a return of about $30, 000 last year. That’s enough for 120 roots. Get rich slow. Long term you can’t beat the index! People have been trying for 100 years to beat the index, but can’t.

Crypto performance is not based on any economic principles. It’s not backed by anything. It’s all pure speculation. It doesn’t look at any economic data, so no amount of trend analysis is going to help you. The boffins in China that are mining this shit perhaps look at their electricity bill in awe. They probably need some air conditioners to cool down their computers. You may as well speculate on black or red on the roulette wheel. How many mugs have had their crypto accounts drained and “coins” stolen?

So many people running to the support of WLs. Jesus, can’t open me mouth without a pile on. You put them on a pedestal and worship them. Most other forums refer to prostitutes and hookers. Oh but on this forum, you call them WLs as if they are from some saintly, hallowed profession. Sure, we can treat them respectfully and kindly, but don’t mask the name of their profession. Is that to hide your embarrassment or theirs?

One complete fuckwit on this forum even tried to convince me that an RnT masseuse who wanked cocks for a living and full service prostitute were perfect, socially acceptable professions, right up there with doctors and lawyers. When it was suggested that perhaps he could ask his wife/daughter/sister/mother to join that profession, he soon shut up.

[Climax598]

If the WL is make excellent investment on crypto why is she still being fuck by punters and work long hours.

[Wok]

$100k invested in Vanguard index funds would have given you a return of about $30, 000 last year. That’s enough for 120 roots. Get rich slow. Long term you can’t beat the index! People have been trying for 100 years to beat the index, but can’t.


Do you have experience with Vanguard?
Would you recommend them?
Are they ETFs or managed funds?

Thanks in advance.

[cuteguy]

If the WL is make excellent investment on crypto why is she still being fuck by punters and work long hours.

She's got to invest her money somewhere. If she's an Aussie citizen, she might attract the attention of the ATO if she is depositing money into her bank account and not declaring any income. On the other hand, she might have an interest in making money to safeguard her future. WLs don't tend to work till age pension age.

[Ziggurat]

$100k invested in Vanguard index funds would have given you a return of about $30, 000 last year.

Do you have a link to that figure? It sounds:

a) untrue

b) wildly exaggerated

and therefore,

c) both of the above

[Fred Flintstone]

Do you have experience with Vanguard?
Would you recommend them?
Are they ETFs or managed funds?

Thanks in advance.

Yes, Vanguard specializes in low cost, index managed funds. They also have EFTs. Next year they are entering the superannuation business in Australia. They try to match the index without unnecessary churn. I am heavily invested in Vanguard and have been for 20 years.

Over the past 120 years, you will note that both property and shares have averaged returns in the 10-12% range. For property that includes capital growth and rent. For shares that includes capital growth and dividends

[Fred Flintstone]

Do you have a link to that figure? It sounds:

a) untrue

b) wildly exaggerated

and therefore,

c) both of the above

Glad to help Sir. The one year return on Aussie index funds with Vanguard was 30.2%. The return in US shares was 29.1%. Even my fuckin’ Union controlled industry super fund got 30% return. If you’re not getting that, then you’re the mug here.

Download the chart and see for yourself:

https://www.vanguard.com.au/adviser/en/index-chart

[zakthekat]

Crypto is just Multilevel marketing without the door to door sales. Its all referrals and promoting your friends to buy in too.

[Fred Flintstone]

ML /WL - it’s a job. There is no correlation between IQ/EQ and job description.

https://itbrief.co.nz/story/more-countries-to-adopt-bitcoin-as-legal-tender-in-2022-expert
Agree that we should not be stereotyping. In 1929, just before the Wall Street crash, the story goes that bell hops were giving share tips to business men and wealthy guests who visited the Waldorf Hotel. The market, having sufficiently recovered from WW1, was well and truly overheated by then. When the uneducated masses were piling into shares at the end of a massive bull run, it was time for the serious investors to get out. The inference being that the poorly educated, working classes only find out about opportunities when the game is nearly over. It’s perhaps a harsh assessment, but true.

Similarly, we are at the top of the market. Spectacular profits have been made on the general share market since the first Covid slump in March 2020. Inflation is up, interest rates are going to rise, there is a lot of M&A activity going on and central banks are going to stop quantitative easing (the bailout must stop). When a WL with no real financial knowledge advises customers on the fantastic opportunities that lay ahead with crypto at this point, I wondered whether the time is right to bail.

[Raybo]

I have always thought that crypto currency was just like trading regular currency. If someone buys and someone sells, you have a market. Still needs real coin to operate.

[Fred Flintstone]

Maybe they know but you don't know their experiences or qualifications. Youd be just as likely to win flipping a coin.
Yes, you are very correct. Perhaps she has a degree in economics from the London School of Economics and then went to Harvard to obtain an MBA. Her genius quickly recognized, she worked as a very successful Wall Street banker for many years, making millions. Not fulfilled career wise, she felt she could contribute to humanity in far better ways by becoming a prostitute in a Sydney brothel. While doing this, out of the goodness her heart, she very generously provides investment advice to her many brothel clients, so that they too may become wealthy like her. Her clients are not complaining - they get to root a smoking hot girl while benefiting from her vast financial experience. Win-win I say. Now back to your cornflakes

[Johnisfun1969]

Well I can sense a lot of sarcasm here. Some justified and rightly so why would you take investment advice from a WL? But keep in mind these women see hundreds of men and some are regulars who could be smart investors and keep giving tips where to invest money. Anyhow lot of these WL could also taking home more than you and I.

If you speak to the younger guys they swear by the cryptos and still believe bitcoin will go over 100k soon. So the hype of crypto is not going to end soon.

[Soccerfan]

Obviously the WL is getting told this by other customers, and there’s every chance that they’re successful traders or investors. Crypto technology is what a lot of people invest in, ideally it’s secure, fast and decentralised. That in itself is very attractive. Look at what’s happening in Turkey and their inflation due to government fiscal policy. Governments can own crypto but they can’t control it. El Salvador has BTC as legal tender and it works fairly seamlessly for a newly introduced currency. Crypto is not easy, their are a lot scams associated with it but you would be very naive to dismiss crypto, it is certainly the way of the future.

I don’t have any crypto but I am contemplating entering the market as I don’t trust governments not to fuck me over, and with the world spiralling into uncertainty, inflation will surely skyrocket.

[TheHonDominicPinochet]

$100k invested in Vanguard index funds would have given you a return of about $30, 000 last year. That’s enough for 120 roots. Get rich slow. Long term you can’t beat the index! People have been trying for 100 years to beat the index, but can’t.

Crypto performance is not based on any economic principles. It’s not backed by anything. It’s all pure speculation. It doesn’t look at any economic data, so no amount of trend analysis is going to help you. The boffins in China that are mining this shit perhaps look at their electricity bill in awe. They probably need some air conditioners to cool down their computers. You may as well speculate on black or red on the roulette wheel. How many mugs have had their crypto accounts drained and “coins” stolen?

So many people running to the support of WLs. Jesus, can’t open me mouth without a pile on. You put them on a pedestal and worship them. Most other forums refer to prostitutes and hookers. Oh but on this forum, you call them WLs as if they are from some saintly, hallowed profession. Sure, we can treat them respectfully and kindly, but don’t mask the name of their profession. Is that to hide your embarrassment or theirs?

One complete fuckwit on this forum even tried to convince me that an RnT masseuse who wanked cocks for a living and full service prostitute were perfect, socially acceptable professions, right up there with doctors and lawyers. When it was suggested that perhaps he could ask his wife/daughter/sister/mother to join that profession, he soon shut up.

It's pretty obvious that the only respect you have for women is whether you want to fuck them or not. And even then your underlying disdain is obvious.
Almost like you're from the stone age!

[Fred Flintstone]

Many of you guys are missing the point of the original post. It was not about comparing crypto as an asset class and not meant to be a discussion about the merits of this investment.

I was trying to compare market sentiment in 1929 to now when the lower end of society (yes correct) jumps very late into investments they know nothing about, at the end of a long bull run. It usually doesn’t end well when uninformed mugs enter the market so late in the cycle. History has shown this to be true repeatedly.

[Fred Flintstone]

But keep in mind these women see hundreds of men and some are regulars who could be smart investors and keep giving tips where to invest money. Anyhow lot of these WL could also taking home more than you and I.
Many hookers are indeed making more money than most punters. Someone like Rebecca is making $2,000 a day x 4 days/ week = $8,000 a week. If she works 50 weeks a year, that’s $400k tax free. So a tax paying person would need to earn about $700k to match that.

[MrPerson126]

Many of you guys are missing the point of the original post. It was not about comparing crypto as an asset class and not meant to be a discussion about the merits of this investment.

I was trying to compare market sentiment in 1929 to now when the lower end of society (yes correct) jumps very late into investments they know nothing about, at the end of a long bull run. It usually doesn’t end well when uninformed mugs enter the market so late in the cycle. History has shown this to be true repeatedly.

Agree completely. I know a few, a few people who have become actual millionaires off crypto, while I've been sitting on the sidelines making a smaller amount buying conservative stocks. BUT, whatever the investment class is, if your WL is telling you to buy into it, take that with a grain of salt. If your ML/WL told you now is the time to buy BHP, or Westfield, would you?

Yes, the crypto doubters of 5, 4, 3, 2 and 1 year ago were wrong, and said it will fall any day now and were wrong, and missed out on so much money doing that. BUT, now that crypto is mainstream, truly mainstream, and even WLs are getting on board, how confident are you in holding for longer? IS this an investment you could hold for ten or more years? Would you be confident putting your savings into it and never even checking it? If it's a well managed, solid investment, in most cases you should be able to.

Another note, bubbles can continue for a long time. Holland's infamous (and somewhat exaggerated) 'Tulip Frenzy' lasted 3-4 years at its peak. The South Sea Company bubble lasted 3 years. The Dot Com Bubble took 5 years to dip, and 6 to completely crash.

[GoldfishMan]

Agree completely. I know a few, a few people who have become actual millionaires off crypto, while I've been sitting on the sidelines making a smaller amount buying conservative stocks. BUT, whatever the investment class is, if your WL is telling you to buy into it, take that with a grain of salt. If your ML/WL told you now is the time to buy BHP, or Westfield, would you?

Yes, the crypto doubters of 5, 4, 3, 2 and 1 year ago were wrong, and said it will fall any day now and were wrong, and missed out on so much money doing that. BUT, now that crypto is mainstream, truly mainstream, and even WLs are getting on board, how confident are you in holding for longer? IS this an investment you could hold for ten or more years? Would you be confident putting your savings into it and never even checking it? If it's a well managed, solid investment, in most cases you should be able to.

Another note, bubbles can continue for a long time. Holland's infamous (and somewhat exaggerated) 'Tulip Frenzy' lasted 3-4 years at its peak. The South Sea Company bubble lasted 3 years. The Dot Com Bubble took 5 years to dip, and 6 to completely crash.
It’s only a bubble if it bursts.

[chaoticpotato]

I do think crypto is in a bubble and there will still be a huge correction. In saying that I am probably one of the few here that strongly believe in the future of crypto and I wont be exiting the market any time soon (despite the crash coming). I look forward to the day when I can pay for WL services with my web3 crypto wallet on my phone and show my VIP NFT which gives me "special" privileges... haha :smile:

[cumquat]

I’ll step aside from the BS , sarcasm that really is a poor mask for , slut shaming and guffaw guffaw as we rest our beer enhanced bellies on our belts

Really, so all who work in the sex industry (of course aside from the male shop owners) are not able to have an educated valid opinion on anything other than their ability to determine whether a punter is a moron … really

Fred I got your point on the bell hops, before you had to lay it out in full . knew the urban myth already . Question for you , why didn’t you steer her right your favoured regular and push her toward vanguard ?

[cumquat]

P.S I got no real buy in on the thread let alone crypto over , shares over property over classic cars or art

However , more than one sex worker I know purchased multiple bitcoin. When it was less than 5k

The acquisition Doesn’t make them smarter , but they made a calculated educated risk.

[Fred Flintstone]

It's pretty obvious that the only respect you have for women is whether you want to fuck them or not. And even then your underlying disdain is obvious.
Almost like you're from the stone age!

With a measly four posts to your name, and without ever having met me, you are not in a position to pass judgement.

[Fred Flintstone]

Fred I got your point on the bell hops, before you had to lay it out in full . knew the urban myth already . Question for you , why didn’t you steer her right your favoured regular and push her toward vanguard ?

It doesn't need to be viewed as slut shaming. If my lawn mowing contractor gave me share trading or crypto tips, I too would be wondering what is going on. It doesn't mean I treat the lawn mowing contractor or the hooker disrespectfully.

I didn't say a word to the girl. Just listened to her opinion and stayed silent, before going into the shower. Not my role to give out unsolicited investment advice. Too many punters here are getting involved in working girls' lives and it never ends well. I just pay my money, enjoy the service and then leave.

[rooter]

As long as there are people entering the crypto market then it will keep going up.
There are 8 billion people in the world and they are all potential investors.
It may seem like every man woman and their dog is already in crypto but it is still only a tiny percentage of the worlds population.
Whether bitcoin has any intrinsic value or there are solid economic foundations to it is irrelevant.
As long as it’s rising then more people will buy in and push the price up, and that will bring in more investors and on it goes
Is it a bubble? Of course it is.
Will it burst? Of course it will.
But a lot of people, many of them uneducated, will make lots of money before that happens.
The worst thing you can do as an investor is to think it’s too late to enter the market or that you missed out or you should have invested 5 years ago or 5 months ago. That’s a loser attitude. It’s never too late to buy into a rising market.
There is always a bigger sucker than you that you can sell to.
You just have to make sure you are not the last sucker and left holding a bunch of tulips or tokens ;)

[JohnJones]

I don't like crypto & stock markets. You're basically making money off people's mishaps.

The science of most paper/digital assets is like this - 90 percenters get duped into buying an asset, price go up. The 10 percenters who had bought the same asset at a cheaper price way earlier than the 90 percenters sell their remaining assets to make a profit. In the end these 90 percenters lose out and have to wait until another event triggers a bull market so that they can either sell at equanimity or at a slight profit, but most of them will likely be duped to sell at a loss to "recover" any remaining capital. Then it's rinse and repeat again to make the 10 percenters rich.

If you really want to have better financial stability then you need to be able to create value and learn how to manage money properly. Spending your paycheck balances on punting immediately is the fastest way to get poor. Wasting time not upskilling yourself in order to get a better paying job or to start a business is stupidity. Believing your boss's words that he will give you a promotion, pay rise and a fat bonus is also dumb loyalty.

Currently I own property and high-dividend stocks (30% annual payout). Once I own enough of both I plan to start a business overseas and expand from there. Punting overseas would be cheaper than here and I can get better quality wives out there as well.

I'd say punting here in Sydney can be fun but slowly the industry here is being ruined by grannys and princesses being accepted as WLs. Once I get the chance to leave Sydney I don't think I'd miss punting here at all.

[footboy2012]

Blockchain will be part of our future and the average punter won’t know they are using it, but that doesn’t change the fact crypto is a bullshit, pump and dump scheme and largely narrative driven. This is coming from someone who has made a SOLID amount this year from getting in to fantom and solana very early (7 figures profit).

As an aside, I couldn’t think of anything worse than trying to get rich slow on index funds and vanguard ETFs. Dumbest strategy the finance industry will try to ramp to you.

You go to the stock market after you have made money, for your 6-7% long term return. Go build a business or invest in early stage investments, not buying shit like apple where some angel investor has already made 10,000x and using you and retail super funds as exit liquidity.

[GoldfishMan]

I don't like crypto & stock markets. You're basically making money off people's mishaps.

The science of most paper/digital assets is like this - 90 percenters get duped into buying an asset, price go up. The 10 percenters who had bought the same asset at a cheaper price way earlier than the 90 percenters sell their remaining assets to make a profit. In the end these 90 percenters lose out and have to wait until another event triggers a bull market so that they can either sell at equanimity or at a slight profit, but most of them will likely be duped to sell at a loss to "recover" any remaining capital. Then it's rinse and repeat again to make the 10 percenters rich.

If you really want to have better financial stability then you need to be able to create value and learn how to manage money properly. Spending your paycheck balances on punting immediately is the fastest way to get poor. Wasting time not upskilling yourself in order to get a better paying job or to start a business is stupidity. Believing your boss's words that he will give you a promotion, pay rise and a fat bonus is also dumb loyalty.

Currently I own property and high-dividend stocks (30% annual payout). Once I own enough of both I plan to start a business overseas and expand from there. Punting overseas would be cheaper than here and I can get better quality wives out there as well.

I'd say punting here in Sydney can be fun but slowly the industry here is being ruined by grannys and princesses being accepted as WLs. Once I get the chance to leave Sydney I don't think I'd miss punting here at all.
If you've got residential investment properties, then sorry mate, you're also screwing people for your own profit. By owning more than what you actually need (5-10 roofs instead of just the 1 over your head), you're part of the problem that is screwing the next generations of homeowners, or shall we say failed homeowners. There's no sugar coating it, that's the effect of investing in residential real estate.

If you're into commercial real estate like shopfronts, then you can sleep well with a clear conscience, lol!

[footboy2012]

If you've got residential investment properties, then sorry mate, you're also screwing people for your own profit. By owning more than what you actually need (5-10 roofs instead of just the 1 over your head), you're part of the problem that is screwing the next generations of homeowners, or shall we say failed homeowners. There's no sugar coating it, that's the effect of investing in residential real estate.

If you're into commercial real estate like shopfronts, then you can sleep well with a clear conscience, lol!

i personally have 4 resi properties (mix of units and townhouse) and I think it is providing a service to people - i.e. I personally don't care about pets, always fix problems and generally only raise rents every 2 years within market rate

I don't think anyone is being screwed - the government is unable to provide houses for everyone, so they need private landlords to increase supply

[footboy2012]

I don't like crypto & stock markets. You're basically making money off people's mishaps.

The science of most paper/digital assets is like this - 90 percenters get duped into buying an asset, price go up. The 10 percenters who had bought the same asset at a cheaper price way earlier than the 90 percenters sell their remaining assets to make a profit. In the end these 90 percenters lose out and have to wait until another event triggers a bull market so that they can either sell at equanimity or at a slight profit, but most of them will likely be duped to sell at a loss to "recover" any remaining capital. Then it's rinse and repeat again to make the 10 percenters rich.

If you really want to have better financial stability then you need to be able to create value and learn how to manage money properly. Spending your paycheck balances on punting immediately is the fastest way to get poor. Wasting time not upskilling yourself in order to get a better paying job or to start a business is stupidity. Believing your boss's words that he will give you a promotion, pay rise and a fat bonus is also dumb loyalty.

Currently I own property and high-dividend stocks (30% annual payout). Once I own enough of both I plan to start a business overseas and expand from there. Punting overseas would be cheaper than here and I can get better quality wives out there as well.

I'd say punting here in Sydney can be fun but slowly the industry here is being ruined by grannys and princesses being accepted as WLs. Once I get the chance to leave Sydney I don't think I'd miss punting here at all.

this is quality information here

use passive income to pay for punts (and toys)

[Ziggurat]

that doesn’t change the fact crypto is a bullshit, pump and dump scheme and largely narrative driven.

Your track record is good in it though! What forms of crypto do you therefore see with potential in the medium term?

[Climax598]

If you've got residential investment properties, then sorry mate, you're also screwing people for your own profit. By owning more than what you actually need (5-10 roofs instead of just the 1 over your head), you're part of the problem that is screwing the next generations of homeowners, or shall we say failed homeowners. There's no sugar coating it, that's the effect of investing in residential real estate.

If you're into commercial real estate like shopfronts, then you can sleep well with a clear conscience, lol!
You have to screw someone to make a profit except that you screw a WL so they can make some income from you. We live in this world everyone screw everyone as they say nothing personal is all about survival.

[GoldfishMan]

You have to screw someone to make a profit except that you screw a WL so they can make some income from you. We live in this world everyone screw everyone as they say nothing personal is all about survival.
Couldn’t agree more. As the saying goes, one man’s loss is another man’s gain. That is completely true in any investment vehicle you choose.

[Ziggurat]

As the saying goes, one man’s loss is another man’s gain. That is completely true in any investment vehicle you choose.

Not exactly. eg. Residential propery investment is a bit like reverse child sponsoring. In that case you get updates on the child's progress and nice photos of them. Your investment in them is personalised. The same is true with residential property. It is personalised. You know it is just one individual person you are riding on. Sitting on their shoulders as they groan under your weight, occasionally beating them with a riding crop.

It is why I've avoided that form of investment, at night in bed I just couldn't stand that thought. I prefer that my investment is spread painlessly over many stocks. A lot may lose a little to benefit you but they don't feel it.

[DireStraits]

Not exactly. eg. Residential propery investment is a bit like reverse child sponsoring. In that case you get updates on the child's progress and nice photos of them. Your investment in them is personalised. The same is true with residential property. It is personalised. You know it is just one individual person you are riding on. Sitting on their shoulders as they groan under your weight, occasionally beating them with a riding crop.

It is why I've avoided that form of investment, at night in bed I just couldn't stand that thought. I prefer that my investment is spread painlessly over many stocks. A lot may lose a little to benefit you but they don't feel it.

I have to say, that’s a pretty convincing argument you make there.

[DireStraits]

i personally have 4 resi properties (mix of units and townhouse) and I think it is providing a service to people - i.e. I personally don't care about pets, always fix problems and generally only raise rents every 2 years within market rate

I don't think anyone is being screwed - the government is unable to provide houses for everyone, so they need private landlords to increase supply
But that’s just rationalising it, or sugar-coating it. Besides, is it the government’s job to “provide houses for everyone”?

[GoldfishMan]

Not exactly. eg. Residential propery investment is a bit like reverse child sponsoring. In that case you get updates on the child's progress and nice photos of them. Your investment in them is personalised. The same is true with residential property. It is personalised. You know it is just one individual person you are riding on. Sitting on their shoulders as they groan under your weight, occasionally beating them with a riding crop.

It is why I've avoided that form of investment, at night in bed I just couldn't stand that thought. I prefer that my investment is spread painlessly over many stocks. A lot may lose a little to benefit you but they don't feel it.

Agreed bro. That’s why I make it a point not to invest or speculate on residential. Once you understand how it works, it is hard to get past the conscience part of it.

[Vader]

But that’s just rationalising it, or sugar-coating it. Besides, is it the government’s job to “provide houses for everyone”?

Grow up, it is not the governments job to provide houses for everyone.

[TheHonDominicPinochet]

With a measly four posts to your name, and without ever having met me, you are not in a position to pass judgement.

And yet here we are...

[DireStraits]

Grow up, it is not the governments job to provide houses for everyone.

Your comment is misdirected, squirt. I was replying to the post above by footboy2012: “I don't think anyone is being screwed - the government is unable to provide houses for everyone, so they need private landlords to increase supply”

[Lodker]

Cryptocurrency is our future, and it's silly to deny it. Right now, this currency is not backed by anything, but who says it is forever?

[Berretumkin]

There is no single correct solution. You can invest in currency, real estate, stocks, or other assets. The main thing is that you or your broker is well versed in a particular area. I believed you could only earn money through hard work a few years ago. It turned out that I was wrong. Connection to CryptexPay cryptoprocessing (https://merchant.cryptex.net/en) allowed me to form a portfolio and learn how to manage my assets. I understand that not everyone understands how the financial system works. But in such an unstable time, it is always better to have several sources of income to be one step ahead.

[Sibon]

Hahaha! Yep, stay away from those speculative investments.
Keep your money safely in the bank.
If you invest $100,000 in a term deposit you can earn .25% pa.
Wow! That's $250 in one year. That's enough for one punt! :)

One punt for one year?

It's better be good. Which girl would you recommend bearing in mind we have not punt in 12 months. :)

[Berretumkin]

There is no single correct solution. You can invest in currency, real estate, stocks, or other assets. The main thing is that you or your broker is well versed in a particular area. I believed you could only earn money through hard work a few years ago.

[JohnJones]

My first and last crypto investment made me 25% profit, but it took me 2 months of waiting. I was careful to buy at a dip at first, and that dip went into a deeper dive and wouldn't jump back up until 2 months later. After I made that profit I withdrew all my money and stopped trading crypto.

Recently I have been approached by a scammer from mainland China trying to get me to sign up for a fake trading platform. I got added by random on WeChat and the scammer pretended to be a Malaysian Chinese who migrated to Singapore and made millions in just a matter of 10 years lol. To make it look as if she's legit she gave me a mobile number to add her on WhatsApp. A few things was off:

- She claims to live and work in Singapore but gave me a Malaysian number (most likely spoofed). She claims that she doesn't get charged roaming rates when using a Malaysian mobile in Singapore which is BS.
- She claims that she graduated from Nanyang Politech, but her IQ is about the same of a low traffic Chinese takeaway restaurant staff.
- She kept on sending me botched screenshots of her BTC/USD profits of between $700-2100 USD, and claims that she's making money even though BTC is going through a deep dive.
- Her English sounded like it was Google translated from Chinese. I have never seen people use the word "specificity" in a normal conversation.
- In claiming she's Malaysian Chinese, she doesn't know any Southern Chinese dialects aka Cantonese, Fujianese, Hakka, Teochew etc.

If you fall for this scam the person will direct you to a "trading platform" signup page where they ask you very minimal information, ask you to upload your passport page photo and give you a shady bank account to deposit money into before disappearing. The bank account is likely based in Hong Kong since MLCs can easily travel there to withdraw criminal proceeds.

I annoyed the hell out of the scammer by asking her to send nudes and talk about favourite sex positions lol. The person on the other side is likely male or an old auntie disgusted with sexting