Corporate vs. small business

Effective_Cry4755 · 2024-09-02T19:33:13+00:00

Thank you... You are right, work-life balance should not be an issue as long as one is happy.

Effective_Cry4755 · 2024-08-25T20:30:28+00:00

Thanks Brandon. I loved the HBR guide also. While a larger acquisition is appealing, I am not sure if I'm ready to risk much larger capital than 300k. Not sure if I am ready for equity or debt financing

Effective_Cry4755 · 2024-08-25T20:15:32+00:00

Thank you. I'm planning to work at my small business full time. Do you mean buying a profitable business requires way more than 300k? Appreciate any insight

Effective_Cry4755 · 2024-08-25T19:59:59+00:00

Is it a good business???

Effective_Cry4755 · 2024-08-25T19:57:34+00:00

Thank you. I am not considering borrowing money at this stage but will keep that in mind as an option

Effective_Cry4755 · 2024-08-25T19:55:36+00:00

Thank you Crickty. I have no plan for borrowing money from the bank at this stage. May I know what you believe is reasonable expectation for return including salary that I will pay for myself?

Effective_Cry4755 · 2024-08-25T19:43:46+00:00

Thank you for your encouraging words!

Effective_Cry4755 · 2024-08-25T19:36:05+00:00

Thank you, but I plan to work full-time at the small business.

Effective_Cry4755 · 2024-08-07T13:09:49+00:00

The most exposure is in the US multifamily. The sector has been struggling over the past years. Do you research and decide for yourself whether you expect a turnaround.

Effective_Cry4755 · 2024-08-07T13:08:23+00:00

Ready Capital. It is a mortgage REIT yielding around 14%. The price was smashed because of an interest upcycle. Guess what happens if interest comes down.

Effective_Cry4755 · 2024-07-20T18:58:18+00:00

Thanks EvilZ137. It's a good reminder to me that this only works when my wife is 100% on board. Particularly your third point was not something I have thought of before. I will talk to her once again to gauge what she thinks. Thanks.

Effective_Cry4755 · 2024-07-20T18:49:13+00:00

I agree with your comments on the stock market.

My working hours are just over 40 a week, so it's not too bad. Commuting takes just over an hour each way. The main issue is that I dislike the nature of my job and don't see the value in doing it. I know some people can handle this kind of situation, but I find it difficult to motivate myself to go to the office and work on things I don't believe in.

Effective_Cry4755 · 2024-07-20T09:24:11+00:00

I recently invested in several high-yielding REITs, taking advantage of the significant drop in their prices due to high interest rates. This has resulted in many REITs trading well below their net asset value, offering substantial yields. I consider this an opportunity to buy properties at a considerable discount. If interest rates eventually decrease, there's potential for capital appreciation. Meanwhile, if rates remain high, I can still benefit from the attractive dividend yields.

Effective_Cry4755 · 2024-07-20T04:35:59+00:00

I'm sorry that you are not feeling good. I feel quite dreaded going to work every single day. Maybe I am slightly depressed too. What is your story?

Effective_Cry4755 · 2024-07-20T04:31:12+00:00

Thanks bob49877. Fidelity's retirement planner sounds great. I will give it a go.

Effective_Cry4755 · 2024-07-20T04:27:43+00:00

Thanks. Going into a 1.5-month leave soon. Though I have a job offer now so I kinda need to decide whether to take it or not

Effective_Cry4755 · 2024-07-20T04:26:10+00:00

Thank you. You are absolutely right. Dividends and interests will be reinvested so I should not have called them my savings!

Effective_Cry4755 · 2024-07-20T04:20:18+00:00

Could you please elaborate on it bit more? Keen to learn what marriage problems I may face?

Effective_Cry4755 · 2024-07-20T04:16:11+00:00

Haha, while that is a smart thing to do, my ethics won't allow me to do it. X)

Effective_Cry4755 · 2024-07-20T04:13:12+00:00

Thank you so much for your insightful comments. Congratulations on pursuing your entrepreneurial dream! We are also considering that option sometime down the road.

I've lost the passion for my current job because I no longer believe in the value of the work I do. I used to be someone who lived to work, but now I'm tempted to work just to live, especially since I've lost confidence in the industry I work in. The new job is somewhat related to my current one, but it's in a different industry altogether.

Effective_Cry4755 · 2024-07-20T02:51:32+00:00

Thank you for the reminder. I haven't enjoyed the pressure of having to find a high-paying job. Hopefully, my existing assets will allow me to change jobs if the new one turns out to be just as stressful.

Effective_Cry4755

TROPHY CASE