I am a technician so I don't give a rip about fundamentals. My reading and studying is more along the lines of:

Marty Schwartz, Pit Bull, Lessons from Wall Street's Champion Day Trader. He is still selling premium in oil and spy today and has been one of the biggest traders for decades.

Ed Seykota, The Trading Tribe. Grew an account from 5K to 15 million in twelve years, documented because it was a client account. Featured in the first Market Wizards book by Jack Schwager.

Richard Dennis, Leader of the famed turtles. Ran a borrowed 1600 dollars into 200 million in about 10 years.

Jesse Livermore, Reminiscences of a Stock Operator. Shorted the 1929 crash days before and reportedly made nearly 100 million on the trade.

Paul Tudor Jones, No book and very private but there is a good video on Youtube from 1986 where he talks of a coming crash and he was short for the 1987 crash tripling his client's money in a few days. He is now a billionaire.

Mark Douglas. Sadly he died young but was a pretty good trader. His contribution to investing was the book Trading in the Zone, which is the best psychology book out there for traders.

Ed Thorp, A man for all Markets. Many have never heard of Ed but he killed markets with a twenty year hedge fund with only three losing months in those twenty years. He also invented card counting and beat Vegas before getting into trading.

Mike Bellafiore, One Good Trade. Mike co-owns a proprietary trading firm in NY with several very big day and swing traders in the firm making seven and eight figures. A very good book for systematic traders and required reading if you want a job trading at SMB Capital.

There are more but that is a good start if any of you want to study technical trading.

 

Thanks for the continued discussion, hands down my favorite thread on APC to date. Often, when I try to chat with people about their side hustle, I get the blank stare or the occasional, angry union comments about needing a side job, etc... I love finding out what others are doing and, in the case of this thread, seeing new avenues I have never thought about. I only have a few small rentals and see I have A LOT more to learn. I'm deployed right now, so I have TONS of time to read up and explore new opportunities, so the book/reading recommendations are great! Keep this going ladies/gents!

 

I want a subscription to the Tegrity news letter also. I’m kicking myself for not buying more. I bought 3 Jan 21 $30 calls at $1.95 and they’re worth 8.50 today. I’m up $1965. If I ever have the pleasure of finding out who you are. Dinner and drinks are on me. Maybe a lap dance if we’re in Vegas. I had never heard of this company before.

You are a beautiful human being. Thank you for sharing that with us.

Edit: I wrote this before reading all of your post. If someone said something to upset you, I didn’t pick up on it.

I hope you continue to post here. I have really enjoyed reading your posts, as well as everyone else’s. If you don’t share another tip, that’s fine. And I get it. But please continue to contribute your viewpoints and general outlook and such.

 

Passive. I am trying to reduce headaches in my life and will forfeit returns in trade.

How much capital does that generally require?

 

I don’t think he’s going to want a lap dance from you...

Merry Christmas!

 

Agree. It’s nice to read multiple perspectives on the forum and I too was learning a ton from the last 100 or so posts. So thanks, everyone, for sharing. I also remember that text-only communication is 40% at best and it’s easy to get bent without any other context to a conversation. Merry Christmas guys.

 

There are multiple platforms available that make passive investing in a Real Estate Syndication relatively easy. So far I've used the platform Equity Multiple to source a Syndication in Self Storage. Crowd Street, Real Crowd, and Realty Mogul are other examples of platforms that source deals. The minimum investment varies but I'd expect to have at least 10k ready to deploy. Bigger Pocket's excellent guide is a good starting point for DYOD:

https://www.biggerpockets.com/member...e-syndications

Merry Christmas folks!

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If you want to go passive just find a well managed REIT. For me it was full ownership and self managed, or full passive. No more houses for me. Tenants are a pain, especially now. GSs at $3000+/day are an excellent side hustle. ARCOS has become more reliable than renters.

 

Private Partnerships/Syndications offer substantially better returns and tax benefits due to direct ownership vs REITS.

REITs work well non accredited investors with smaller sums that are part of a diversified investment portfolio that values liquidity

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Syndications are profitable for the syndicators that structure the agreements not the recruited investors.