You are a Chinese immigrant, inherited a million dollars, just moved to Irvine

irvinehomeshopper said:
Brothel is still the best business. Quick customers mean higher profitability. Limited time to sneak out the house meant one can't hang around all day at the brothel. Quick turnover and high yield sound like an excellent return.

Irvine has been in the Brothel business since 1985. Check out this link so Mr. Lin should follow the footstep of Irvine's brightests:http://articles.latimes.com/1985-08-06/business/fi-4931_1_nevada-brothel
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And he has the best thing going...not being here legally. If he gets caught, they'll just deport him. Very little risk.

 
I can't help but think Mr. Lin is really Panda in disguise hoping to get some get quick money scheme from TI best and brightest. If that's the truth, take the $1,000,000 and pay off your house Panda. Puts some money away for the kids education, and put at least 15% of it into high yield liquid money market accounts.
 
Wow..  Indiedev, you really think I started this thread to brag that inherited a million dollars from my dad. I can't get a job and ask you guys what to do with my Million? And your advice is to Pay off my house, put some money away for children's education and put 15% into a money market account? You are joking right? And irvinehomeshopper's Best advice is to start a porn shop at your iac apartment?

Pure geniuses. I think it is time.....
 
Panda said:
Wow..  Indiedev, you really think I started this thread to brag that inherited a million dollars from my dad. I can't get a job and ask you guys what to do with my Million? And your advice is to Pay off my house, put some money away for children's education and put 15% into a money market account? You are joking right? And irvinehomeshopper's Best advice is to start a porn shop at your iac apartment?

Pure geniuses. I think it is time.....
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I think my suggestion is the best one.  haha
 
IndieDev,

Why would one want to pay off their home if you have a mortgage loan fixed at 3.875% for 30 years? The way i see it is if you have a $400,000 mortgage and $400,000 cash in the bank, it is the same thing as owning the home clear and free. If this $400,000 is in a tax sheltered investment like a roth and since you are able to deduct your mortgage, even if you have a return of 3.875% for the year on your $400,000 you are still beating the bank. If you are making 10% off your $400,000 you are now arbitraging the bank's money. You want to buy a home with cash when rates are like what they were in the 1980s, not when they are at 3.875% fixed for 30 years. I am thinking we are at that point where the rates will reverse from its 30 year decline and slowly rise for the next 30 years. I hope to soon see money market yield 5% like they did 5 years ago.

The buy and hold investment vehicle I like today is shorting long term treasury bonds.

e
IndieDev said:
I can't help but think Mr. Lin is really Panda in disguise hoping to get some get quick money scheme from TI best and brightest. If that's the truth, take the $1,000,000 and pay off your house Panda. Puts some money away for the kids education, and put at least 15% of it into high yield liquid money market accounts.
Click to expand...
 
Panda said:
The buy and hold investment vehicle I like today is shorting long term treasury bonds.
Click to expand...

one would think rates would start to go up, but at the same time i can see rates staying this low for the next 5-7 years, so it may be premature to start shorting LT tbills.  i bought SDS at 20/share when the dow was at about 12200, still holding it. Now i need average down and buy some more.  Not sure what the catalyst will be (europe? us deficit?) but my gut tells me that the dow/s&p will be going down.
 
Panda said:
IndieDev,

Why would one want to pay off their home if you have a mortgage loan fixed at 3.875% for 30 years? The way i see it is if you have a $400,000 mortgage and $400,000 cash in the bank, it is the same thing as owning the home clear and free. If this $400,000 is in a tax sheltered investment like a roth and since you are able to deduct your mortgage, even if you have a return of 3.875% for the year on your $400,000 you are still beating the bank. If you are making 10% off your $400,000 you are now arbitraging the bank's money. You want to buy a home with cash when rates are like what they were in the 1980s, not when they are at 3.875% fixed for 30 years. I am thinking we are at that point where the rates will reverse from its 30 year decline and slowly rise for the next 30 years. I hope to soon see money market yield 5% like they did 5 years ago.

The buy and hold investment vehicle I like today is shorting long term treasury bonds.

e
IndieDev said:
I can't help but think Mr. Lin is really Panda in disguise hoping to get some get quick money scheme from TI best and brightest. If that's the truth, take the $1,000,000 and pay off your house Panda. Puts some money away for the kids education, and put at least 15% of it into high yield liquid money market accounts.
Click to expand...
Click to expand...

If you can guarantee a 10% return, forget the $1,000,000, take your series 7 and series 60s exams and take the financial world by storm.
 
IndieDev said:
Panda said:
IndieDev,

Why would one want to pay off their home if you have a mortgage loan fixed at 3.875% for 30 years? The way i see it is if you have a $400,000 mortgage and $400,000 cash in the bank, it is the same thing as owning the home clear and free. If this $400,000 is in a tax sheltered investment like a roth and since you are able to deduct your mortgage, even if you have a return of 3.875% for the year on your $400,000 you are still beating the bank. If you are making 10% off your $400,000 you are now arbitraging the bank's money. You want to buy a home with cash when rates are like what they were in the 1980s, not when they are at 3.875% fixed for 30 years. I am thinking we are at that point where the rates will reverse from its 30 year decline and slowly rise for the next 30 years. I hope to soon see money market yield 5% like they did 5 years ago.

The buy and hold investment vehicle I like today is shorting long term treasury bonds.

e
IndieDev said:
I can't help but think Mr. Lin is really Panda in disguise hoping to get some get quick money scheme from TI best and brightest. If that's the truth, take the $1,000,000 and pay off your house Panda. Puts some money away for the kids education, and put at least 15% of it into high yield liquid money market accounts.
Click to expand...
Click to expand...

If you can guarantee a 10% return, forget the $1,000,000, take your series 7 and series 60s exams and take the financial world by storm.
Click to expand...
So if I can show 10%+ returns for over 5 years straight, should I consider opening a hedge fund for the Mr. Lins and Pandas of the world?
 
qwerty said:
Panda said:
The buy and hold investment vehicle I like today is shorting long term treasury bonds.
Click to expand...

one would think rates would start to go up, but at the same time i can see rates staying this low for the next 5-7 years, so it may be premature to start shorting LT tbills.  i bought SDS at 20/share when the dow was at about 12200, still holding it. Now i need average down and buy some more.  Not sure what the catalyst will be (europe? us deficit?) but my gut tells me that the dow/s&p will be going down.
Click to expand...
We got some more de-leveraging to do before it's all said and done.  I'm still thinking Japan lost decade 2.0.  Japanese 10-year bond rates have been around 1% for about 15 years now.  As the saying goes, the market can stay irrational longer than you can stay liquid.  So in the mean time I'll be collecting my nickels and dimes selling options.
 
USCTrojanCPA said:
IndieDev said:
Panda said:
IndieDev,

Why would one want to pay off their home if you have a mortgage loan fixed at 3.875% for 30 years? The way i see it is if you have a $400,000 mortgage and $400,000 cash in the bank, it is the same thing as owning the home clear and free. If this $400,000 is in a tax sheltered investment like a roth and since you are able to deduct your mortgage, even if you have a return of 3.875% for the year on your $400,000 you are still beating the bank. If you are making 10% off your $400,000 you are now arbitraging the bank's money. You want to buy a home with cash when rates are like what they were in the 1980s, not when they are at 3.875% fixed for 30 years. I am thinking we are at that point where the rates will reverse from its 30 year decline and slowly rise for the next 30 years. I hope to soon see money market yield 5% like they did 5 years ago.

The buy and hold investment vehicle I like today is shorting long term treasury bonds.

e
IndieDev said:
I can't help but think Mr. Lin is really Panda in disguise hoping to get some get quick money scheme from TI best and brightest. If that's the truth, take the $1,000,000 and pay off your house Panda. Puts some money away for the kids education, and put at least 15% of it into high yield liquid money market accounts.
Click to expand...
Click to expand...

If you can guarantee a 10% return, forget the $1,000,000, take your series 7 and series 60s exams and take the financial world by storm.
Click to expand...
So if I can show 10%+ returns for over 5 years straight, should I consider opening a hedge fund for the Mr. Lins and Pandas of the world?
Click to expand...

I think the asians of Irvine might revere you as a deity in some time yet unknown.
 
USCTrojanCPA said:
So if I can show 10%+ returns for over 5 years straight, should I consider opening a hedge fund for the Mr. Lins and Pandas of the world?
Click to expand...

USC - if you can pitch to a seed fund (Reservoir/S. Donald Sussman/etc) then go for it. Get your returns documented into colorful graphs and maybe start blogging on some financial sites. You need to be able to explain why your strategy works and how it would scale. A major problem for funds is that they become too big for their own good. A strategy that works at $250k may backfire at $25mm as you can actually move a market at that time.


Panda - if you want 10% returns, dump some money into AGNC and hope REPO rates stay flat for the rest of the year (current yield about 19%).
 
LAtoOC said:
USCTrojanCPA said:
So if I can show 10%+ returns for over 5 years straight, should I consider opening a hedge fund for the Mr. Lins and Pandas of the world?
Click to expand...

USC - if you can pitch to a seed fund (Reservoir/S. Donald Sussman/etc) then go for it. Get your returns documented into colorful graphs and maybe start blogging on some financial sites. You need to be able to explain why your strategy works and how it would scale. A major problem for funds is that they become too big for their own good. A strategy that works at $250k may backfire at $25mm as you can actually move a market at that time.


Panda - if you want 10% returns, dump some money into AGNC and hope REPO rates stay flat for the rest of the year (current yield about 19%).
Click to expand...
I can document 3 straight years of outperforming returns and working on number 4 in 2012.  Maybe if I have 5 under my belt, I'll think about doing something.  My investment strategy is fairly scaleable but we'll see.
 
MovingOnUp said:
Panda said:
Here is the million dollar question? Is there any place where a return of 10% can be guaranteed on his money. I am sure many of us here on TI put our the vast majority of our cash in a money market fund, but reality you are losing money to inflation.

If i were Mr. Lin and uncertain about making an income, I would be looking at any opportunity where i can make the $1,000,000 work yielding me anywhere from 5-10% return instead of sitting in the bank. In today's environment where rates are at 0%, where can you invest with the least risk and high yield.... C'mon guys, let's think out of the box here.
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You've got a few minutes left. Slam the whole thing on the NY Rangers for tonights game.
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Like I advised, the ny rangers won last night...3-0. Mr Lin could've been up 500k, tweeting photos of his ticket, sitting naked in a tub full of c-notes, and popping bottles w/ honeys up in the vip suite. But instead, he was at home watching ni hao kailan.
 
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