What I’m Doing Now

by JT McGee

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Howdy, ya’ll!

It’s been awhile. So long, in fact, that I learned the word “y’all” from these crazies in South Carolina.

Here’s a life update FAQ.

Location?
I moved to South Carolina. I’ve since learned (“learnt”) the word “y’all.” Truth is, South Carolina is something awesome, given that it’s been 60+ degrees in every day since February.

Seriously?
Yup. I moved here to open up a gym with a friend.

Dude, gyms are a lame investment.
I know, man.

Here’s how it happened: A friend called me up and said he had a sweet biz idea but didn’t have any money. I told him I had no ideas, but I had plenty of money.

So we worked out a deal after drinking way too much and creating a rudimentary model.

It may be the best business I’ve ever seen. I think I bought it at 0.5X 2017 EBIT. I’ll sell it at some multiple several times higher than that to any interested party. 😉

Sidebar: I’ve thought about reviving this blog to discuss private equity investments. Comment if that interests you. Truth is that small business is the best investment. As for the gym, I have the world’s best operator in a commodity business (a license to print money).

What about stocks?
I mean, you can pay too much if you want to. I think that’s your only choice right now, unfortunately.

I’m net neutral. Long and short in equal quantities, plus or minus a few percentage points. Comment here. I’ll email you. I can be more honest that way. I won’t name these companies given a couple of them want me dead.

I run a concentrated portfolio, but recently the movements of the market have been unimportant to my net worth. My recent investments have more to do with finding the truth than making money.

What else is new?
Not much, really. Amused by the current hunt for yield.

How about some fun stuff?
Uh, I’m currently in Omaha with the crazy dude from FinancialUproar.com. I met with Steve from Steveonomics.com, too. Personal finance people are weird, but they’re honest about it. I feel like I spend way too much given how little they spend. Good on them!

Still in Omaha for another ~24 hours or so if you want to meet up.

What’s next?
Retiring on the beaches of Charleston, SC — sooner, rather than later. I’m basically retired*, but I’m not going to write some silly retired-at-26 blog.

Thing is, I feel like writing about being retired is a good way to make sure your money never lasts long enough for you to retire. Karma, or something.

* Does not require Thailand-level living expenses. That stuff doesn’t count.

You didn’t sell out…
…Like the other guys who run PF blogs? No, I didn’t. I really do value conversing with all of you. We all sell out in different ways.

Email me. I prefer private discussion, but comment as you wish — if at all.

But, really, I’d rather chat with you all than blast this place with ads.

Want to chat? Comment here. I need to fix the email forms. If you made it this far, I want to talk to you.

{ 10 comments… read them below or add one }

Sim May 1, 2016 at 22:54

JT! Is this really you?

Please send me an email and lets talk. I enjoyed your perspective on investing.

~ Sim

Reply

Finn May 1, 2016 at 23:04

JT, you made it out of the rust belt!

You should know my email by now. I wish you the best of luck.

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Pat May 2, 2016 at 00:54

Message me.

Reply

Mark S May 2, 2016 at 11:31

Hey JT, glad to see you back! Charleston is an awesome city, and I’m the best man in a wedding down there next year. Would love to hear move about the private equity investments. Shoot me an email when you get a chance.

Reply

LaTIsha May 2, 2016 at 18:18

What up JT?! Good to see you back. You should definitely discuss private equity. Would love to read about it. Whatever happened to that job that pulled you from the blog in the first place?

Reply

PK May 7, 2016 at 15:21

Glad to see you didn’t lose your login credentials!

Stay in touch, man!

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The College Investor May 15, 2016 at 02:01

Dude, love the idea of private equity. Super excited to see you writing again.

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Nelson June 6, 2016 at 15:15

I thought this was going to be a private equity blog now? Tsk tsk.

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Millennial Moola June 20, 2016 at 13:10

Oops, guilty of writing a silly retired at 26 blog. At least I quit a year ago when I was 25 so maybe I’m less lame. Bill Murray lives in Charleston so must be a good place to live

Reply

Ryan Brazzale July 20, 2016 at 07:25

Just this today, glad to see recent responses so I know it’s not out of date, I would love to talk just beginning to look at long term savings investing etc. And I have a ton of questions feel free to email me any time, I’d love to pick your brain.

Reply

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