Quoted from iceman44:
Post 2008 REITS rallied 300% over the next 2 years
As for “buying stock”. I’m just giving you guys some of my own ideas fwiw
I manage about $600 million of client assets. That's my business. I also own real estate which is a bad investment by comparison.
But when I can make +100% returns since April 2nd in stocks like TTD, TWLO, SHOP and a few others
Mix in MELI, OKTA, SE, AYX, ZM, TDOC, MGB
And AAPL, AMZN, GOOGL etc
Read my commentary and take it for what it’s worth.
I’ve crushed it for myself and my clients
For some reason I thought you were a lawyer. Obviously if you're managing 600 million and making 6 million a year doing that (assuming normal 1% fee) then you're crushing it. And if you're able to exceed the normal 7% or 8% return on the stock market every year, that's pretty amazing honestly, very few guys that can do that.
I'm surprised your real estate hasn't been doing that well. Real estate has been crushing it for 10 years now, much better return than the stock market average if you're using any kind of leverage.
As far as the guy above who asked about businesses, there are guys doing really well with:
car washes (low risk)
laundromats (low risk)
self storage (low risk)
web based business (higher risk)
gas stations (higher risk)
Not restaurants generally.
Lots of businesses for sale at 3x NOI, meaning that if you pay 300k for it, it will generate 100k net income. Generally, the more stable the business, the higher that multiple goes. Lot of guys are trying to retire and can't find a buyer for their business. Some are good, some are bad, depends on how much the business depends on the owner to actually run.