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Author Topic: Where to invest?  (Read 1456 times)

Offline SFRT - Frenchy

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Where to invest?
« on: December 20, 2012, 05:55:45 PM »
40 yo, no credit card bills, no retirement funds, own 200K on the house at 5.25 and 40K cash. Put 40 in house refinance 15y? Rough ira? Ideas?
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Offline Bino

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Re: Where to invest?
« Reply #1 on: December 20, 2012, 08:14:15 PM »
Read this book:  The Investment Answer by Daniel C. Goldie and Gordon S. Murray.

It's the clearest articulation of how to invest that I've ever seen.
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Offline SmokinLoon

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Re: Where to invest?
« Reply #2 on: December 20, 2012, 08:25:29 PM »
Quote from: Bino on December 20, 2012, 08:14:15 PM
Read this book:  The Investment Answer by Daniel C. Goldie and Gordon S. Murray.

It's the clearest articulation of how to invest that I've ever seen.


Good start.

Right now, I'd put nothing anywhere but in guaranteed funds.  I used to have Security License 6 and 63, I used to be an agent who dealt with this stuff daily and while I'm not a CFP I can tell you there are few things holding any of the "fluff" money up out in the real world.  Meaning, we are very close to seeing far more things outright crash vs anything showing improvement with real substance.  No, I'm not a dooms-day'er, I'm anything but.  However, if you've studied what keeps the US economy floating you'll very little of it in effect right now.  Inflation is going to hit and when it does things are going to get nasty fast.  Guaranteed funds, get some and weather the storm for another 8-12 mos.       
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Offline ozrocker

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Re: Where to invest?
« Reply #3 on: December 21, 2012, 08:07:34 AM »
Tennesee Valley Authority Bonds (They run everything Utility/Infrastructure related from Va. South)
They are always good. I would say mainly bonds, CD's, etc.

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Offline helbent

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Re: Where to invest?
« Reply #4 on: December 21, 2012, 08:29:27 AM »
Facebook and blockbuster video.
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Offline Hajo

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Re: Where to invest?
« Reply #5 on: December 21, 2012, 10:46:39 AM »
I always invested in something that is needed and used no matter how bad the economy is.  They usually pay very good dividends.

Johnson & Johnson, Pharmaceuticals etc.  They produce anything from paper towels, toilet paper etc.  Do your research in those areas.  Hell ask a professional for advice.  Fuel is good

also if not specualted.  Anything that is used and needed no matter what is a sound choice.
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Offline ACE

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Re: Where to invest?
« Reply #6 on: December 21, 2012, 10:50:28 AM »
Facebook, Instagram, Twitter.  That it what I would go into lol..
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Offline Nypsy

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Re: Where to invest?
« Reply #7 on: December 21, 2012, 11:02:55 AM »
Buy gold.
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Offline Maverick

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Re: Where to invest?
« Reply #8 on: December 21, 2012, 12:12:49 PM »
In all seriousness you need to talk to an investment counselor. Someone who will be able to help you determine your goals, short term risk analysis and long term objectives.

Or you could just throw your money to anything with a dot com in the name. I mean after all isn't the internet safe and forever? What could possibly go wrong?
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Offline morfiend

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Re: Where to invest?
« Reply #9 on: December 21, 2012, 01:42:14 PM »
Quote from: Maverick on December 21, 2012, 12:12:49 PM
In all seriousness you need to talk to an investment counselor. Someone who will be able to help you determine your goals, short term risk analysis and long term objectives.

Or you could just throw your money to anything with a dot com in the name. I mean after all isn't the internet safe and forever? What could possibly go wrong?

  ^^^   This!

  you can watch mad money and follow Cramer but I'd only use the money I was willing to loose at the track or in a game of poker.If you really want to do it on your own,invest 90% with professinal help and take 10% and make your guess.

   Canadian Banks have been a good investment,up over 30% since last year.


    :salute
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Offline guncrasher

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Re: Where to invest?
« Reply #10 on: December 21, 2012, 03:07:09 PM »
buy a second home.  shouldn't be too difficult for you.  then after that keep buying more.

midway
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Offline FTDEEP

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Re: Where to invest?
« Reply #11 on: December 24, 2012, 09:09:35 AM »
DUPLEXES..rental property. Thats where i made my cash. I made over $100,000 on my first house. I bought a 2 family house on a 15 year note. The first renter paid not only the mortgage payment but also the taxes. Now is the time to get into real estate. Its a buyers market. You can get houses cheap with high rent. You will never get back better returns on your cash if your not in real estate.But you have to be able to repair or remodle yourself to save and make big cash. You tube will teach you all that. And with the right tools anyone can be a carpenter. Good Luck.
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Offline Gman

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Re: Where to invest?
« Reply #12 on: December 24, 2012, 09:22:12 AM »
Canned food, water, ammunition, and gold.  40k of that should pay off greater than any investment in the market/funds/bonds when you look at the global financial situation.
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Offline rabbidrabbit

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Re: Where to invest?
« Reply #13 on: December 24, 2012, 10:36:01 AM »
Quote from: SFRT - Frenchy on December 20, 2012, 05:55:45 PM
40 yo, no credit card bills, no retirement funds, own 200K on the house at 5.25 and 40K cash. Put 40 in house refinance 15y? Rough ira? Ideas?

I refinanced a house in a cash out at well under 4% on a 30 yr.  Think of it as a cheap ability to leverage assuming you invest responsibly instead of wasting the resource.  What are the odds of inflation staying under 4% over a 30 year period?  Add in the mortgage deduction and the tax effective rate drops lower.  From there decide where/how you will invest the resource.  Housing may be a good option for you but be very deliberate. 
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Offline guncrasher

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Re: Where to invest?
« Reply #14 on: December 24, 2012, 11:57:35 AM »
Quote from: Gman on December 24, 2012, 09:22:12 AM
Canned food, water, ammunition, and gold.  40k of that should pay off greater than any investment in the market/funds/bonds when you look at the global financial situation.


The only way ammo and guns is gonna make you money is if you rob banks.   As for gold well let's say the market collapses the economy goes to crap, what would be more valuable food or gold?

Gman if I was you I would sell some of that ammo and see a good therapist to help you with a bit of that paranoia.



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