About SFace


Befriend (1)
76 threads
Followed by 6
Following 0
Ignored by 2
Ignoring 0
Ignore SFace
In United States
Registered Dec 02, 2009

Your whole life is summarized by the credit card you carry.

You have your debit card,
you have your no benefit credit card,
you have your gold, platinum and black card.

My old boss and father-in-law carries the Amex Black, which inspires me to work on the same. It says a lot about yourself and what you demand of yourself. Some poeple want surf and turf, some wants caviar and Foie Goie yet some just want a full stomach.

What do you want in your wallet?

SFace's most recent comments:

  • On 18 Sep 2014 in Thoughts on the Alibaba IPO?, SFace said:

    BABA options wont be written until things settle in a week or two. Those are Yahoo premiums for Sep 20th which expects a huge move.

    The 10% (Yhoo) out of money next day call is a whopping 25 cents. 20X normal as they are 1 in 100 longshots or around a penny normally.

  • On 16 Sep 2014 in Thoughts on the Alibaba IPO?, SFace said:

    buy Yahoo. Options pricing it like 48 by Friday

  • On 14 Sep 2014 in Average Profit for a Rental?, SFace said:

    The averrage net worth of a homeowner is anywhere from 30x to 40x more than a renter. Landlords are rich, renters are poor. If there is a chance to own, own. It does not matter anywhere. Cap rates are high or low for obvious reasons.

    Like any business, understand permanent, fixed cost is the key. Texas, a state with high property tax and high maintenance as a % of rent is bad, and that is reflected in the lower price. Ca, a sate with low prop tax and maintence as a % of rent is good and that is also reflected in the price. Low fixed cost to maintain an asset and easy source of customer is the key to own it forever which drives value long term.

    Housing is the only business in the world that a mom and pop can kick reits ass or large enterprises. No need for scaling or any special expertise.

    Instead of asking a question on patnet, all you need to do is read the 10k from Avalon bay, equity one, or even silver bay. A mom and pop beats their return by 100%

Home   Tips and Tricks   Questions or suggestions? Mail p@patrick.net   Thank you for your kind donations

Page took 637 milliseconds to create.