Hello All - I've got a lot of things cooking, as day by day we incrementally improve our lives and the lives of others. More to come on what we've been up to. Really quickly --- I read an article about passive investing and the focus of the article is there is no such thing. I somewhat agree with the premise, but one must know the term usually stems from a financial and tax code designation of whether you are "active" in the management of a business or "passive". It's only natural that other areas within the business and investment world have piggybacked off of this term.
It was a cute discussion but not very helpful in the sense that legally you must determine whether you are an active participant in a business and how it functions. Quite simply, if you are not active --- you are considered a passive manager --- or in simpler terms it's NOT your day job.
I wanted to change the objective of the topic and focus on what we agree on. We agree that there is really no such thing as being a "passive" or "part-time", or "arm-chair" investor in anything that you do in life. Think about how I view investing --- it's more akin to planting seeds. When you plant seeds you must dig, till the land, plant seeds, fertilize, water, prune, and pick the fruits of your labor. So if you find an investment that doesn't take this kind of maintenance in life please, please SHOW me. I believe in the theory that there are main hustles and side hustles. It's simply a way of "prioritizing" your investments. For me my hustles include:
- Private Sector Employment (aka Main Hustle, aka 9-5 job)
- Small Business Owner (aka: Side Hustle Number 1)
- Real Estate Owner (aka: Side Hustle Number 2)
- Stock Market Investor (aka: Side Hustle Number 3)
I search for balance in life and also in my investments or hustles. There are days, weeks, months where my Side Hustles eclipse what I earn in my main hustle. Those are great times and some days, although rarely nowadays, my main hustle is primary source of income. While many say this means I'm too busy, I say it FREES me up to spend more time focusing on my #1 priority - family, friends, freedom. When adversity or life events hit, I am phased but like a prize fighter this structure allows me to bounce back quicker...working on my core...my pillars.
The old American saying goes if you don't stand for something, you'll fall for anything (I think, remember I'm African). It also should say if you don't own anything, you'll be cornered by anything. Life will take its best shot and we bounce back quickly through our beliefs, values, family, friends, and inner spirit. Not by what special interests say you should do --- which are often in their best interests...not yours.
I share this story because I decided to speculate this week. I did absolutely NO research into the trade I made. I was listening to my PM stock updates and there was a discussion about "unusual activity" being seen in Snapchat, the social media platform. I don't use SNAP and had done no research and simply made a small bet based on this news briefing. I was prepared to LOSE the amount invested. In 24 hours, this bet performed brilliantly. I had no clue Snapchat was reporting it's earning (or how much money it made in the last quarter) and they reported a very positive outlook. I should have done better due diligence, but I knew the difference:
Snapchat - Say Cheese to Speculation ($200 in 24 Hours):
Investing - Want to invest, watch my boy Rick Ross. He prime hustle is rapping. The small business he owns is his record label (Maybach Music Group). He owns Wingstop franchises, I believe an adult entertainment club off of the water in Miami (I don't judge), and I would say he has an impressive real estate portfolio. He owns the old Evander Holyfield Estate --- ALL 254 acres of it and just purchased 87 more acres of land in Georgia where land is much cheaper than S. Florida. Job well done Rozay. You take everything away from him and at least he has land --- land to build on or even camp on should times ever get rough (but I doubt that will happen...he's planting seeds). Don't let special interests take options away from your life...nurture your pillars, invest in yourself, and to a better future.
Source: Rick Ross, Instagram
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