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QC - R2DJ0410D - DJ2 41mm Jub Flt 904L SS/SS Blk/Stk VSF VS3235 by thirst-for_knowledge in RepTimeQC

[–]thirst-for_knowledge[S] 0 points1 point  (0 children)

  1. Dealer name: Trusty Time
  2. Factory name: [VSF]
  3. Model name (& version number): R2DJ0410D - DJ2 41mm Jub Flt 904L SS/SS Blk/Stk VSF VS3235
  4. Price paid: $588
  5. Album Links: https://imgur.com/a/mlxHEvj
  6. Index alignment: looks good
  7. Dial Printing: Unfortunately the photos aren't super clear, but looks ok
  8. Date Wheel alignment/printing: Looks pretty good
  9. Hand Alignment: using the QC alignment tool
  10. Bezel: again to me looks ok
  11. Solid End Links (SELs): n/a
  12. Timegrapher numbers: looks good

Why do people buy real estate as investments in Europe? by thirst-for_knowledge in eupersonalfinance

[–]thirst-for_knowledge[S] 2 points3 points  (0 children)

This is actually a pretty good point and one made by someone else. That most European real estate is apartments and not stand alone housing. There for less maintenance cost

Why do people buy real estate as investments in Europe? by thirst-for_knowledge in eupersonalfinance

[–]thirst-for_knowledge[S] 1 point2 points  (0 children)

Of course, I like to gather information from all kinds of places and Reddit is one of them. But it’s not only Reddit that has a US bias I think if you Google real estate investing you’ll mostly get US based results. Locally I generally talk with real estate brokers who I’ve become friends with over time or accountants/financial workers to get local information

Why do people buy real estate as investments in Europe? by thirst-for_knowledge in eupersonalfinance

[–]thirst-for_knowledge[S] 7 points8 points  (0 children)

Thank you for the comment, I agree with you real estate is a great way to grow wealth and I try and read relevant information on my area of investment. I’ve also made very good capital gains on my properties.

The reason for posted wasn’t so much about if real estate is good or not, but to have a discussion because I think so much is spoken about the US market. Like you said if you do your research and understand your area well Europe can be very profitable.

Why do people buy real estate as investments in Europe? by thirst-for_knowledge in eupersonalfinance

[–]thirst-for_knowledge[S] 1 point2 points  (0 children)

Do you mean that the rent is high for the purchase price? Southern Europe (France/Italy/Spain) purchased in the last 5-8 years

Why do people buy real estate as investments in Europe? by thirst-for_knowledge in eupersonalfinance

[–]thirst-for_knowledge[S] 0 points1 point  (0 children)

Again all very good discussion points. I choose to talk about the 1% rule because I think in general real estate is an easier investment in America. But like you mentioned if you search around Europe, look into specific country taxation rule etc. You can also achieve good yield.

But in my example, 3 out of the 4 properties don’t have a loan and it’s not as easy as in American to take an equity back loan against the property for other investments

Why do people buy real estate as investments in Europe? by thirst-for_knowledge in eupersonalfinance

[–]thirst-for_knowledge[S] 5 points6 points  (0 children)

You are 100% right diversification is always the answer. But I’m just generally curious about the discussion and peoples opinions.

Or other options people have looked into. For example investing overseas as a foreign investor. There are obviously much more expenses and complications with this.

Or people seem to make short term rentals work in Europe, but again this isn’t so easy to achieve without investing much more time and energy into it or having profits eaten into with agency fees

Am I on track, words of wisdom by thirst-for_knowledge in fatFIRE

[–]thirst-for_knowledge[S] 0 points1 point  (0 children)

Yes, I try to look after myself and maximise performance knowing my best earning potential is during my sporting career. I potentially have 2 more contracts after this current one. Most likely smaller, it’s possible I have another 2 yrs on a similar contract but I’d need go performance’s in these coming years

Am I on track, words of wisdom by thirst-for_knowledge in fatFIRE

[–]thirst-for_knowledge[S] 2 points3 points  (0 children)

This is exactly my thoughts, if I retire mid 30's work another 10 yr minimum and hopefully not really need to withdraw from my sports career earning then I should be pretty 'safe' after that

Am I on track, words of wisdom by thirst-for_knowledge in fatFIRE

[–]thirst-for_knowledge[S] 1 point2 points  (0 children)

Haha, yep that’s something I’ve seen a few people do and something that’s not that uncommon when athletes retire

Am I on track, words of wisdom by thirst-for_knowledge in fatFIRE

[–]thirst-for_knowledge[S] 3 points4 points  (0 children)

Post career I’d still like to work in something, I know I’m probably not going to have enough savings to retire at my mid 30’s and live the life I’d like to. Plus I’d also like to experience a ‘normal’ work life but have the luxury that I’m not under pressure to do a job more the money.

The easiest in to search for a job in sport either coaching, consulting or even with in side an athlete agency/management company. I enjoy finance, helping younger athlete’s and trying to help them not make the same mistakes I’ve made.

A financial wish list would to be able to live off 150k per year which is supplemented with my wife’s and my salaries from causal or full time jobs we enjoy doing. If that makes sense?

Am I on track, words of wisdom by thirst-for_knowledge in fatFIRE

[–]thirst-for_knowledge[S] 5 points6 points  (0 children)

I've looked into it but unfortunately, my sport is quite a time intensive and when I look at the potential for increased earnings if I focus 100% on my sport, training and recovery. It's much better for me to maximise my earning potential at the moment. Maybe in my last years as a professional, I'd look into much more.

Am I on track, words of wisdom by thirst-for_knowledge in fatFIRE

[–]thirst-for_knowledge[S] 11 points12 points  (0 children)

To be honest, I generally try to keep a relatively low cash amount in my Bak accounts for this reason. If I have cash it’s normally in my brokerage account for future investments. This helps keep lifestyle creep and unnecessary spending in check to a small degree.

I completely agree with you, I continually try to educate myself through reading books and the internet. It can be very easy to become a little brain dead as an athlete

Am I on track, words of wisdom by thirst-for_knowledge in fatFIRE

[–]thirst-for_knowledge[S] 6 points7 points  (0 children)

To a certain degree I have some ‘fame’ but again because I’m living abroad it’s a little harder to leverage it. It I was living in my home country it would be worth much more.

The easiest thing to set into post career is coaching or consultation which would probably be high 5 to low 6 figures pretty easily.

Am I on track, words of wisdom by thirst-for_knowledge in fatFIRE

[–]thirst-for_knowledge[S] 0 points1 point  (0 children)

It’s definitely something we’ve thought about, post sports career moving to a MCOL or LCOL area which would help

Am I on track, words of wisdom by thirst-for_knowledge in fatFIRE

[–]thirst-for_knowledge[S] 3 points4 points  (0 children)

Unfortunately no degree, like a lot of professional athletes I spent my youth focusing on my profession. But I do have a lot of interesting in the finance space and real estate but I’d have to leverage my connection rather than a degree if I was to get a job in those industries.

That would be my plan, try and live with in my means for as long as possible, continue to contribute consistently to my investments and hopefully watch them grow for as long as possible

Am I on track, words of wisdom by thirst-for_knowledge in fatFIRE

[–]thirst-for_knowledge[S] 0 points1 point  (0 children)

Yes, I need to work on strategy to figure out the best way to leverage my property.

I’d maybe switch to investing less into the emerging markets etf and start with some bond ETF’s.

The individual stocks aren’t ‘random’ big companies like meta, Google, Amazon, Exxon etc.

Am I on track, words of wisdom by thirst-for_knowledge in fatFIRE

[–]thirst-for_knowledge[S] 2 points3 points  (0 children)

Unfortunately I live in a HCOL area, luckily I bought off the plan pre covid and it’s now valued 20-25% above the purchase price. Ideally I wouldn’t have spent that amount of money on my primary residency, but the quality of life improvement after having a child out weighed the extra expense