Investments

[Tanimaga]

Tani is coming into some cash soon.. around the 40-60K area. I have no immediate need for anything, and would like to invest it. Any ideas? I plan to go back to the US after my daughter is out of the house.. she'll be 18 in ten years!

So.. any thoughts? I checked on the typical Money Market accounts thru my local banks, and the return seems pretty low considering the money put into it. A 5 year high interest savings account looked good.. an extra 10k at the end. Honestly though, I know next to nothing about investments and need some help.

[socalheart]

Rentable real estate?

[kombu_kid]

Not that I know a whole bunch, but right now there are a slew of forclosures here in my area of CA. I'm seeing a lot of bank-owned homes right now for less than 100K. Interest rates are still super low (although I wonder for how long) and I would guess if you plunk down that money on one of these homes & rent it out, you could pocket roughly $500/Month plus have a way to write off a lot of your income. And this is not even mentioning that a lot of these homes were in the high $200's a few years back, and will probably bounce back to those levels in about another 5 years, if not less.

I'm actually looking around right now for one.

[Isaak Brodsky]

A no-load mutual fund
or an IRA. Fidelity Investments has an amazingly excellent track record.

[Sex Wax]

Can I have like $15 bucks for a case of beer? You can drink it with us !! Abd BBQ !!!

[Tanimaga]

Can I have like $15 bucks for a case of beer? You can drink it with us !! Abd BBQ !!!

I don't know about the long term returns on BBQ and beer, but I'm game. I'll just claim it on my taxes..like I claim my two dogs as dependants.

[Oki0619]

Your best bet is to stay out of real estate at this point, we are going into a recession and will probably be a welfare state after the next election so best you could hope for would be section 8 rents. I would invest in oil companies doing research in LNG, and other renewable sources. (I personally have BP stock and while the rest of my portfolio is down it has not been touched). I would also look at keeping some of it liquid as interest rates will soon rise and the 3% you are seeing now will soon be 9-10% and that will make for some decent return in a simple money market. Just my 2 cents.

[Gecko Slayer]

i bet someone a dollar that raptor posts in here within the next 10 minutes. ready....go.

[Raptor]

Stay away from mutual funds. You just paying someone else to do what you could do yourself and statistically the majority of mutual funds don't grow. If your young invest in stocks over the long haul they tend to have an upward trend. Open a roth investment account and any money you make will be tax free however you'll only be allowed to invest a few thousand into it a year but for retirements ROTH is the way to go. I'd open a regular trading account for the rest buy large camp stocks i.e. fortune 500 or larger and hold the stock don't try and be a day trader.

[Gecko Slayer]

only took 5. he didnt even look up and see that i said that either. pay up.

[Raptor]

you musta posted that while I was typing. Seriously do research first though don't jump into it but the market although it's totally lame right now is the way to go long term.

[vvloc]

Exchange ALL your us dollars for Swiss Francs, Euros, or gold/silver. Act quickly.

[Asshat]

I just liquidated some assets. Holding on to it for now. Got some money in foreign currency already. If I sell my home, I am really screwed because I don't want to reinvest in USA real estate, yet if I don't, I will get screwed on taxes.

There are no GOOD answers for investments right now.

[Oki0619]

I just liquidated some assets. Holding on to it for now. Got some money in foreign currency already. If I sell my home, I am really screwed because I don't want to reinvest in USA real estate, yet if I don't, I will get screwed on taxes.

There are no GOOD answers for investments right now.

capital gains is at 250k if your single and 500k if your married, plus if your active duty there is a waiver of some sorts cant remember the exact details but its out there.

[Asshat]

capital gains is at 250k if your single and 500k if your married, plus if your active duty there is a waiver of some sorts cant remember the exact details but its out there.

Yeah, except if it was a rental property and/or I didn't live in it for a total of two years in the five years before selling it.

(It is, and I didn't)

I'm not military, but yes, there is a law protecting them if they can not make the two-year requirment because of deployment/orders.

[Patrick]

Mutual Funds and stock... well any paper based investment will not hold up. The Federal Reserve no longer puts out an M3 report since march of 2006 (used to gauge inflation) The current CPI (consumer price index) is what they use to deceive people that inflation is at about 5% (as if 5% isn't bad enough) But the CPI only uses like 16 consumer products to gauge inflation and petrol is NOT one of them. Basically one of the largest costs to the consumer is not used in the CPI. And last time I checked Walmart stocks up more than 16 items, and most commodities have risen more than 25% in the last year alone. Really inflation is running at about 18% if not more, what that means is that this time next year your dollar will only be worth 82 cents providing it stays at 18% and doesn't go any higher. The problem is that Ben Bernanke (Federal Reserve Chairman) has no choice but to inflate. Stocks and Mutual Funds don't even come close to 18% your better of investing in lottery tickets than any paper backed asset (meaning dollars)

VVloc is right about Gold and Silver. When everything is inflating to Hell, gold and silver only get stronger. Its inflation proof. I don't mean futures or options either, I mean physical gold and silver in your hot little hands (This is called the physicals market) Now what I do is trade gold for silver when silver is low in relation to gold then I trade back to gold when gold is low in relation to silver. (This is called Arbitrage) This is how I got to be a commodities dealer and I do quite well. Inflation doesn't effect me in the slightest. In fact inflation only makes gold and silver more valuable.