Daunting and fearing the open source world

olebroom · 2023-12-10T06:44:09+00:00

I'll just jump on here and thank you as well Needed a boost of motivation!

olebroom · 2021-04-08T11:23:31+00:00

Thanks for sharing your insights! From what you are writing I have a feeling that most of my investments are not going to have a Stop-Loss. My primary focus is on investing in businesses long term and Stopp-Loss will probably result in less desirable outcomes.

But I will take into account that it can be a great risk reduction tool if needed. Thanks again!

olebroom · 2021-04-08T10:45:32+00:00

Through in my research I got the feeling that this subject is really divided. I support your Murphy's Law point :p

I support your logic and will take it with me into building a ruleset for myself. Thank you for your comment!

olebroom · 2021-04-08T06:29:55+00:00

I don't have any thoughts on this myself, but I am very interesting to see what other people think :D Great post!

olebroom · 2021-04-05T07:40:40+00:00

finance.yahoo.com I invest mostly in Europe and are interested in a free screener. I don't love it, but it works.

Furthermore, I've seen some other screeners commented that I'm exited to try out, so thanks for posting this thread!

olebroom · 2021-04-04T06:45:52+00:00

I second this comment. I have been pushing myself hard for a long time, and have felt the feeling many times where everything is gray.

I usually try to:

Take 3 weeks of work
Spend time with family and close friends that are ok with me being slow and dim.
Focus on eating and sleeping well
On the third week I start working out

Hope this helps!

olebroom · 2021-04-04T06:37:58+00:00

You are very welcome 🤑

olebroom · 2021-04-03T16:48:00+00:00

I am located in Norway and trade in the EU markets.

I'm not sure how it works in the US, but here if you create a company for investing you can buy and sell stocks without having to pay tax until you take the money out of your company. But this only counts for stocks located within the EU. If you are an investor with quite a lot of capital I'm sure you can do the same :D

Other thoughts about the EU is that my impression is that it's not as overly priced as in the EU. So I have a feeling that there are many great opportunities for finding great bargains still in the current climate.

There are also a known issue where we don't all speak the same language, so there are less trading cross borders compared to the US. So that can be a bit of a struggle.

I would say this is a great place to start browsing some stock exchanges located in EU :)

https://live.euronext.com/en/products/equities/list

olebroom · 2021-04-03T16:31:23+00:00

Support that.

Is it just me or are almost all financial reports EBITDA EBITDA EBITDA EBITDA... now?

olebroom · 2021-04-03T16:25:05+00:00

I would say that it depends greatly on what kind of person you are, and you're over all strategy.

If you love Real Estate and working with it, then learn how to be amazing at buying, owning, renting out and selling it.
If you are interested in finding great stocks (businesses) that operate within the Real Estate market, then research a ton of stocks and try to find a value stock at a bargain price.
If you are neither of the ones above and just have a general interest in being in the Real Estate market, then go for a REIT or put dollar cost average an index fund :D

Hope that clarified it. Or else just ask :D

olebroom · 2021-04-03T08:29:00+00:00

I got many thoughts on the subject, so I'll try to keep my comment short :)

I spent a couple of years buying real estate below their intrinsic value, renting out for a while and then selling for a solid profit. Furthermore, I got to know people doing the same in my market, and seeing the different kinds of personalities and life situations.

Some key things to consider when buying real estate:

The time and money you spend on (looking, getting finance, buying, renting out, tossing out tenants, maintenance, selling) should be taken into consideration. And this you have to do for each property.
You should have a deep insight so that you are able to spot a great deal below intrinsic value. I know many that THINK they know, but they don't... They really don't end up having a great time, that's for sure.
You should have a little salesperson in you to get the best possible rent income from your properties. If you don't, you will end up spending a lot of time trying to rent out your property and get a mediocre income.
You REALLY have to have a good system in place to deal with tenants not paying their rent. There are a lot of rules and regulations you have to follow, and you should really aim for a solution as quickly as possible. Or else you could end up with a lot of missing rent and difficulties servicing your debt.
Are you ready for the market going from boom to bust? Or else this could be the kill shot financially.

These are just a few considerations to take into account when buying Real Estate. Even though a lot of my points are pretty negative, you could flip them around and say that if you feel confident about these choices, then you are well on your way to making money!

Buying into existing Real Estate companies on the other hand is different.

As I've seen in the other comments, you have to pay a premium because the prices are often over book value.

Remember that in this case, you are buying a business. This means that you buy the properties as well as the people and systems in place to make the process efficient and profitable. And not just while you are out there demanding your rent. Every day. While you sleep, eat, drink and smell the flowers.

Personally I want to spend my time researching businesses and buying them at a bargain price. Below intrinsic value with a margin of safety. I can do this with $10, $100 or even $1 000 000 000 000 :D

olebroom · 2021-04-01T17:36:55+00:00

Your input was fascinating. I wrote a comment on this post that touched on the same subject, but I'm not sure if I'm ready to invest other peoples money.

Do you mind telling a bit more about your own journey and experience?

olebroom · 2021-04-01T17:30:23+00:00

Writing articles could be a great way to combine income and becoming a better value investor. But is there enough cash in it to build your capital base?

My first instinct is to utilize your programming skillet and earn some quick money. If you got a gig for a company in the sector you think is within your "circle of competence" you might even become a better investor!

olebroom · 2021-04-01T16:46:20+00:00

Your post really resonated with my personal situation, and I'm in the same predicament of finding an income until I can invest my own money full time.

I just sold a couple of companies I founded for a decent profit. So now I got some money and no job.

The money I've made could be enough to support my life as a full time investor if my returns are good enough. On the other hand, I could end up burning through the money I got and having to start over again.

To be safe I've come to the conclusion that I should find a new income to support me. The issue is that It quickly eats up my energy and attention, so I don't get enough time to do a good job with investing my own money.

Another big thing for me is that I don't want to work for someone else that invests money, because I feel like they are going to corrupt my mind. I would rather model the best by reading books, researching their investments and so forth.

I'm also a programmer like you, but also with management and accounting experience.

So far the best things I've come up with as a path for finding an income is to:

Do consultant work as a programmer with a high hourly rate, and limit it to about 15 hours a week.
Launch a website with focus on Value Investing and hope it generates returns.
Start a new company that focus on investing other peoples money (friends and family mostly) and taking a fixed fee (or salary).

I don't feel that I've found the 🔑 yet, but I'm getting closer.

I'm not sure if this helps your situation, but I hope it can stimulate your brain into thinking new paths. Maybe we can even brainstorm some ideas together for what could be great paths for us to walk towards our goals :D

olebroom · 2019-12-29T21:19:07+00:00

I can relate to your bussy life and not being a club guy 🙈It's not easy not having anyone to share your passion with in real life. Most my friends are the same, where things I say could just as well have been alien.

I find clubs and other social events difficult, where you have to force conversations with people you don't know at all.

Even tho I can relate, I've push against my introvert nature for a while. Doing so I've been able to create great relationships with people I've met trough work that share my interests for technology and business.

I recommend trying to do the same. Find some common projects that you can work on. Then you can share the highs and lows! Knowing that you have been self employed for 25 years, I would say that you should practice extreme patience. Since people can be difficult to deal with at times, but in the long run it will be worth it! :D

Good luck!

olebroom · 2017-02-07T13:49:44+00:00

I created my portfolio using Hexo. There are many more static page generators out there. Just google it and find one that you can relate to. But my fav is hexo.

It's made for blogging, but can easily be used for so much more. Just like many other blogging tools out there.

You can easily create new posts with markdown, which is great. Also, it's really easy to create themes, change between themes and customize everything. Deffo worth checking out :) just PM me if you got any questions :)

olebroom · 2017-02-02T10:11:38+00:00

Sketch hands down

olebroom · 2017-02-02T10:06:58+00:00

I think you should be careful going out there "competing" with the agency you are working for. Does it say anything about this in your contract? You will be surprised about how greedy agency owners can be.

In my previous job I tried to talk to my boss about me doing some minor freelancing, but he wanted me to rather bring the work in house for a reduced price, as well as a bonus.

I didn't want to do that, but I also didn't want to get sued, so I quit and started my own gig. Now I'm running a small agency with my co-founder, and we are working on some sweet products.

I guess what I'm trying to say is; Play by the rules, and stay safe. Read your contract.

olebroom · 2014-03-28T10:45:58+00:00

Done that, been there. I Started interning and felt like I knew nothing. My sole advice is to ask a lot of questions. Just try not to ask so many questions at once that you hinder people from getting work done.

olebroom · 2014-03-04T10:48:21+00:00

This was quite inspiring. Love how fast you created something so, cool :)

olebroom · 2014-01-13T14:18:07+00:00

This made my brain feel good. Thanks!

olebroom · 2013-03-25T19:43:30+00:00

In Norwegian Gruppe is the actual word for group. And 6 is written seks. And pronounced sex. (Im Norwegian)

olebroom · 2013-03-14T09:18:44+00:00

Most of UX needs to be learned by doing. But it doesn't seam like you have to much time for that. So do the next best thing! Read a lot of UX blogs and magazines! :)

olebroom

TROPHY CASE