Comments by "bighand69" (@bighands69) on "The Simple Path to Wealth | JL Collins | Talks at Google" video.

At the end of rent you own nothing. You have paid for a service that is for the hear and now but gives you no asset at the end. A house can be lived in when you retire but if you rent guess what you will still need to rent for the next 20 years of retirement. If you pay rent of $1000 today and when you are due to retire that rent will be $2000 to $9000 in value (depends on where you live). On top of that property tax will still be calculated into rent as weill the cost of maintenance and profit for the landlord. Legacy properties that have their debt liabilities paid of will be cheaper to rent but you can bet your rent that in 25 years time that property will have more than likely be sold again with new debt liabilities attached. Many of you have so much to learn but seem to think it is hip and cool to rent. Trust me renting in your 40s or 60s is not the same as in your teens or early 20s.
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And fish and meat.
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+DigitalHaze65536 I would greatly suggest that research Buffets investment strategy it is based on his mentor Benjamin Graham's two books Security Analysis and Intelligent investor. For 99% of the population the intelligent investor would be perfect as it is easy to ready and understand. I myself have been hitting growth of about 28% compounded for the last 20 years on the same principle without actually knowing that I was doing it.
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I myself have achieved 28% compounded over the last 20 years. Buffet himself has stated he could achieve 50%. Index investment should be the foundation of investment for many people. It is almost idiot proof and only a fool could actually lose money on index investment.
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+Jonathan Weaver There are many businesses over a 20 year period that have created these levels of growth and there have been many that have failed. When you analyse it on a spreadsheet or as some paper exercise it seems spectacular. Over half of all business are claimed to not exist after 5 year and when you examine that figure it just seems freightning. But you will find businesses that do achieve 50% growth for a limited period of time. There are no magical formulas that you can use or special techniques. I worked 80 to 100 hour weeks routinely for years. I own farms, food production, window manufacturing, aerospace manufacturing, IT services and many other small to medium sized businesses. I am sure if you look you will find people who started out with $10,000 who grew their businesses to several million dollars maybe you even know people that have done this and for them to have done this they would needed to have created compounded growth of a high value. Buffet and gates are the most extraordinary cases producing off the chart growth at times. I hate the word passive investor which just assumes you can pick a good value investment and just sit back and it does all the work for you.
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+Jonathan Weaver One of the production yields of a business I partnered in made growth of 70% and 50% in consecutive years. The amount of hours that went into the venture was insane and was very very tiring and with lots of headaches and problems before everything was in place.
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@GHE-bv1pf I do not care about market risk adjusted on my own investments. That to me would be a total waste of time trying to establish risk on the businesses I invest within. I do carry out analysis that is qualitative to identify risk areas but never would I attribute any sort of computational analysis to investments. If I can trust every aspect of a business then I would invest within it.
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@CR7CRAKA I am not trying to attack you but why would you invest everything you have in index funds if you have read the intelligent investor? Class A and Class B really only matter at the level of your buy in. If I am buying a majority in a small cap then I will be very interested in voting rights but you need to have a deep analysis of that identified business.
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@CR7CRAKA Index funds are a form of Mutual funds that are not directly managed and have very low levels of direct input. A mixed form of investment is the best way to diversify.
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