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Hipster Finance 💵🔨

23 May, 10 tweets, 3 min read

I have a confession:

I do NOT own a home. I’m renting.

A few reasons:

☝️I think the market is high
☝️Renting allows me flexibility
☝️Renting takes away pressure while looking for a property I really want
☝️I think the market is high (worth saying 2X)

*//thread//*

A few facts scare me about the housing market.

• There are currently more realtors than homes on the market
• Foreclosures and properties are being held off the market due to mortgage/rent relief
• Home prices were rising as high as 13%+ a year from bidding wars

⬇️

People are feeling pressure to buy NOW, or risk losing out on current prices and getting locked out.

They’re rushing off to lock into a mortgage far and above what they originally expected to pay just a year or two ago.

I don’t want to be rushing into a $300k+ decision.

⬇️

I’ve always liked the saying, “Buy low, sell high.”

And to me, the market feels HIGH.

So I’ve decided I’ll rent for now until I find something I REALLY want, or prices come down.

That said, I am making a few real estate moves ⬇️

Here is how I’m investing:

🏠 REITs in the stock market
🏠 The private REIT Fundrise
🏠 The crowdfunding fix/flip investment GroundFloor

These let me invest IN real estate, without owning physical real estate.

⬇️

REITs trade on the stock market and give you exposure + income.

A few I like:
▪️$CUBE (storage)
▪️$STAG (industrial)
▪️$O (commercial)
▪️$NHI (senior/medical)
▪️$VNQ (REIT ETF)

⬇️⬇️⬇️

Fundrise

This private REIT lets me invest in large projects (apartment buildings, single family homes, industrial buildings, multi-use, etc.) that appreciate and pay dividends over time.

I’m currently averaging about a 5% (and growing) return.

It’s got a 5 year horizon.

GroundFloor

Different than Fundrise, this investment focuses on private lending for fix and flips — mostly all single family property.

It lets me invest for as little as $10, with most loans being shorter term (1-2 years).

I just started - but returns average 6-12%.

The way I see it, if housing continues to 🚀 up, I’ll benefit from owning these.

IF the market comes down, these will suffer a bit BUT I’ll have the opportunity to buy physical property.

My take on the real estate market and how I’m investing!

What are your thoughts?

@fundrise

P.S. if you’re interested in trying out either @fundrise or @groundfloor_com

Send me a DM and I’d be happy to discuss what I like about them and provide a referral link to sign up.

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More from @finance_hipster

Hipster Finance 💵🔨

@finance_hipster

21 May

5 money moves that will take you from broke nobody to rich somebody in 7 years (or less) 👊🏻💥

⬇️⬇️⬇️

1.

Save $1 of every $10 you make. Start here, and as it becomes easy move to $2. Then $3, until you get to saving $5-6 of every $10 earned

This will ensure you’re consistently saving and putting more of your money to work

More money saved = more money to invest

2.

Get rid of consumer debt NOW (other than a mortgage)

Owing others money and having monthly payments zaps your cash flow

Building your monthly cash flow (amount extra you can put to work) is a key to building wealth FAST

This frees up money that goes to work FOR you

Read 8 tweets

Hipster Finance 💵🔨

@finance_hipster

21 Feb

Here are a few REITs (Real Estate Investment Trusts) that I own shares of:

$O - Div/Yield 4.6%
$STAG - Div/Yield 4.53%
$CUBE - Div/ Yield 3.7%
$NHI - Div/Yield 6.45%
$MAIN - Div/Yield 7.13%
$LAND - Div/Yield 2.89%

Each pay a nice dividend yield, with several paying monthly.

As a renter, I love REITs because they provide me real estate exposure that I otherwise wouldn’t have the capital to invest in 🏡

You buy shares,

get paid dividends and capital appreciation,

and someone else has to fix the roof and toilets and collect the rent.

If researching and picking out one individual REIT company scares you due to risk,

you can also invest in multiple through an ETF.

Two REIT ETFs that I own:

🔘 $VNQ (vanguard US Fund, low cost) 3.89% div/yield
🔘 $SRET (riskier, global, higher yield/cost) 8.74% div/ yield

Read 5 tweets

Hipster Finance 💵🔨

@finance_hipster

23 Nov 20

We discuss a lot of books on here with money knowledge —

But films 🎥 are more rare.

That doesn’t mean you can’t learn anything though.

On today’s reel, Wall Street (1987).

Get in the car —

Gordon Geeko is teaching class today.

//*thread*//

This film is full of fast money and stock market pump and dumps 📈 📉

Classic insider trader moves and back restaurant deals.

But buried in there are actual real money and trading gems 💎

I’ve pulled a few out just for you (because I like you, that’s why)

👇🏻

“I look at 100 deals a day, I chose one.”

When you first start investing, every deal looks good 🤑

You want to jump on every opportunity because to you everything looks like money.

It isn’t.

Learn to sift through the junk, and find the one.

This has saved me money.

👇🏻

Read 12 tweets

Hipster Finance 💵🔨

@finance_hipster

21 Nov 20

My current yearly allocation:

▪️401k (4% company match)
▪️Roth IRA max ($6000)
▪️HSA max ($3500)
▪️Gold 5%
▪️Bitcoin 3%
▪️Remaining goes to after-tax brokerage where I split 50/50 ETFs/Individual Companies

Savings rate: 50-60% (this gives me a lot of options)

👇🏻

A few other stats:

▪️I do not use DRIP (automatic dividend reinvestment)
▪️My 401k/ROTH are set up with about a 60/40 split US/International total stock funds
▪️ETFs — I favor the lowest expense ratio option when available
▪️Favorite ETFs: $VTI, $VOO, $VXUS, $ICLN, $VGT

@thewealthdad

Saw similar summaries from @thewealthdad and @DecadeInvestor and figured I’d share my own!

Read 4 tweets

Hipster Finance 💵🔨

@finance_hipster

21 Nov 20

Spend as much of your money as you can on:

1️⃣ Things that pay you money
2️⃣ Things that will be worth more money in the future than what you paid for them.

I prefer the first option because it guarantees 💵 coming to you.

👇🏻

The second option is good for for diversity and potential gains.

Both are asset classes,

BUT

One gives you guaranteed income and the other makes you wait in hopes someone will be willing to pay more for it at a later date.

Some examples of each:

👇🏻

1️⃣ Things that pay you money:

✔️ Dividend paying stocks
✔️ Interest paying accounts (bonds, notes/loans, high yield accounts, etc.)
✔️ Rental properties or vehicles
✔️ Business ownership

👇🏻

Read 6 tweets

Hipster Finance 💵🔨

@finance_hipster

10 Oct 20

Money lessons are as old as the Bible —

Written as far back as 1200 B.C. to the first century A.D.

With an estimated 5 billion copies sold.

And yet, as you’ll see, all these lessons are STILL ignored.

So what does the Good Book say about money?

👇🏻

“For the love of money is a root of all kinds of evil.”

Timothy 6:10

This one is BIG. But often misunderstood.

It’s not a danger to be good with money or to master it.

Merely, falling in love with it is the trouble.

We’ve all seen the evil rich guy. Don’t be him.

👇🏻

“Dishonest money dwindles away, but whoever gathers money little by little makes it grow.”

Proverbs 13:11

Quick to rich and quicker to broke.

Don’t chase after one big win with all your money. Instead aim for consistent gain with discipline.

👇🏻

Read 11 tweets

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