Looking for Investing Advice
MikeRAS
Senior Handicapper
How do I turn cash into income? I have risk tolerance so it is OK to lose money on the principal investment although it is not preferred :coolsign:
I have read about REITs, read up on Vanguard High-Yield Corporate Fund Admiral Shares, as well as some other high dividend stocks.
I also have considered actual ownership of townhomes/condo's to rent out but where I live the ratios are very poor for the landlord as the housing prices in general are high. Also not trying to buy myself a job necessarily. But if I lived in an area like Pittsburgh or Raleigh where home prices were lower I would be much more open to buying property.
So interested in everyone's thoughts on this. Or should I just keep money in equities since the tax benefits are so much better on capital gains and do withdraws if/when needed. Income isn't actually needed currently but I am interested in how I could turn lumps of money into income once I decide to stop spending 18 hours on college basketball every winter.
I have read about REITs, read up on Vanguard High-Yield Corporate Fund Admiral Shares, as well as some other high dividend stocks.
I also have considered actual ownership of townhomes/condo's to rent out but where I live the ratios are very poor for the landlord as the housing prices in general are high. Also not trying to buy myself a job necessarily. But if I lived in an area like Pittsburgh or Raleigh where home prices were lower I would be much more open to buying property.
So interested in everyone's thoughts on this. Or should I just keep money in equities since the tax benefits are so much better on capital gains and do withdraws if/when needed. Income isn't actually needed currently but I am interested in how I could turn lumps of money into income once I decide to stop spending 18 hours on college basketball every winter.
Comments
Put it to work on the street at 3/5% a week. High Risk High reward just kidding.
I don't trust any thing with Housing either. i'm a perma bear, so I don't really look for long investments only shorts.
I'll tell you I'm really pissed about how all this crap unfolded about DFS just as they where about to strike deals to go public. This would of been a short of the century.
What about the stock market? But good solid long term stocks that pay dividends. Don't know how old you are and you prolly won't get rich, but long term it's typically a solid move. Your day job gives you plenty to sweat, I'd go the much less stressful route. Just my opinion.
I agree floating rate is .95 cents on the dollar now and with rates going up soon, it's a great buy. I have put a portion on my clients money into this category the past year. You have to be careful with fixed income unless u own a diversified portfolio. I do like muni bonds, great time to own them. There is a lot of oppurtunity out there, it depends on your time frame and risk tolerance.
I'm in the business so I eat and breath this stuff. If your not familiar with it, I would interview a few advisors and see if they are a good fit for you and your objectives.
Directly on the ocean
This country is where Costa Rica was ten years ago
I am specializing part time in strictly ocean front homes and condos
Beautiful Country, Beautiful People
BEST
As irrational as I can come across on the forum, when it comes to investing, I'm generally the polar opposite.
Be diversified is the best advice I could give you.
https://angel.co/syndicates?utm_source=home_lo_head
Granted, that's not always the case, but generally the norm.
Maybe there's a time machine startup to invest in?
I would disagree completely. You have enough risk/growth potential from gambling.
What would you suggest for investments?
Mostly what's been mentioned here, equities with good dividends. Muni bonds but probably not till you retire.
IMO if you have a bunch of money you want to get risky with then should be adding that to your roll. Not going to find any better investments out there.
Never had the first problem here or seen one; I guess as in USA, it all depends on who you deal with
BEST
Purchasing pre-construction ; construction may take 1 1/2 - 2 years; to taking title on the low end 15-25%
As in USA ocean front - true oceanfront where nothing else can be built in front of you is the key
Here in Playas, I have a 4th floor condo, three bedrooms, three baths, four beautiful decks
@ 1800 sq ft
there are 24 units - infinity pool, large party area, large bbq area, 24 hour security, elevator, etc.
Pre construction I paid $172,000; was offered $210,000
Did not sell
I may rent this one out
Peak season here is December - April
I hope this assisted you
BEST
Add - Also in secluded area as the one in Olon
That one is basically the same and I should have title in January 2016
No matter what happens, I see the sunset over the water every day of the year
tranquility daily
Fresh fruit, vegetables, fish, chicken
No preservatives
Shrimp as big as I have ever seen; same with oysters
2nd sunniest beach in world
I like it
How do you handle the rain and humidity? Stay indoors?
I am here now in the so called rainy season
Now you must understand Playas is not normal
Been here a month and no rain
After three days you get acclimated to humidity
Usually walking beach @ 630
Usually lay in sun for one-two hours daily
Always drink Cerveza daily
Life is very tough
Ocean breeze flows through unit
I do have AC also