Investments

[LubeDude]

Are there any secure investments anywhere near 10% with todays interest rates for an investment in the neiborhood of around $50,000.00??????<br /><br />No, I dont have that kind of cash right now, but I may have soon.<br /><br />Honestly, muscle cars are doing better than that right now.

 

[Drowned Rat]

Re: Investments

Real estate!!! Paid 50% last year in Phoenix. 50K will get you a nice plot of land somewhere, then just sit on it for a couple of years. You're almost guaranteed at least 10%. That what you meant LD? Or what kind of real estate?

 

[12Footer]

Re: Investments

Agreed --- Four little letters strung-togather :DIRT!<br />Right now, it is a hotter item than prescious metals,or any commodity. Buy all you can afford to MOTRGAGE (if you have to), and as cheaply as you can. Don't be overly afriad of "location-location-location", either, as long as the price is good.

 

[heycods]

Re: Investments

I have to agree with 12' about the "dirt" they dont make it any more. BUTT the bubble is starting to deflate in some places. It hasnt started down here yet. Its up about 250% over 5 years ago.

 

[Ron G]

Re: Investments

From what i hear if your going to hold it for over 10years growth stck mutuals are a good idea,or you could open a roth ira and put 2,000 a year in it and with the rest buy ya some realestate.

 

[JB]

Re: Investments

If you are able and willing to leave it alone for a few years, then take some time to turn it back into cash, I am with 12Footer 100%.<br /><br />The Hideout is up 700% in the 15 years we have owned it. That is from $600/acre to $4500/acre.<br /><br />Not a bad idea to put some where it is liquid in case you need some cash quick. Safest is USA bonds, highest risk is "small caps". Lots of room between.

 

[snapperbait]

Re: Investments

Problem with DIRT.... Gotta do the homework... Taxes and insurance will eat up any profit real quick if you're not careful...<br /><br />I would'nt invest in DIRT right now (specifically, in So. FL.)...<br /><br />If you have DIRT.... Now is the time to SELL!...

 

[DJ]

Re: Investments

Dirt. There will NOT be any more made.

 

[18rabbit]

Re: Investments

Absolutely! Do what the smart people do, deposit your money in an offshore account, preferable a South American country. Yes, it is safe! As of about 2 years ago, 12-15% annual return on your deposit if you leave it in $USD, as high as $25% if you convert to local currency. One of the countries has a program going that if you deposit $50k, they hand you a passport. You will walk away with a high yielding $50k investment and dual citizenship. You do not need to renounce your US citizenship, you do need to declare the investment on your tax return.<br /><br />Fwiw, the two largest chunks of money in private hands belong to the fed employees retirement fund, and the California gov’t employees retirement fund. Both retirement funds now reside solely in offshore accounts/investments. That’s $trillions removed from the US economy. The money is moved offshore to protect it from the US economy. Global economists agree a collapse is unavoidable, inevitable. They disagree on when it will happen.<br /><br />I would be hesitant to buy property now, in particular not on either coast. There is a real estate bubble that has to be dealt with. Most economists predict it will collapse similar to the stock market in 2001, some disagree, think it will step down. Alan Greenspan claims it is not a one big real estate bubble, but rather a bunch of regional real estate bubbles. Who cares, it’s a problem. Worst case has property values on the coasts dropping by as much as 70%, mid-US prop values by as much as 20-30%. If you want to by property, go to Kansas. Actually, prop in Spain is probably a better value, not as vulnerable. I would also consider prop in Portugal and Romania. We’ve been kicking around the idea of Cuba; don’t think the evil bearded wonder will be around much longer, expecting a whole new vacation wonderland to open up shortly there after.<br /><br />With $50k you might want to pay for solid, profession investment advice. I’d look for someone that knows and understand international investing.

 

[mattttt25]

Re: Investments

unless you have additional capital, $50K won't get you into the real estate market. if your market allows, use as a downpayment and then rent. but seriously, do your homework. too many people just jump in and don't have a clue.<br /><br />if you want to simply be safe, spend the $300-500 for a session with an investment pro. explain your situation and goals, and go for the right vehicles. if he or she is good, they'll probably recommend a balanced spread of money market, indexed mutual funds, and some blue-chip stocks.<br /><br />good luck-

 

[treedancer]

Re: Investments

Check out this sight I have been on it since the Gardner’s started. They will try to sell you some advice but you can learn a lot on there forums. Just hanging around and the coping the mail.www.motley fool.com

 

[KRS]

Re: Investments

Wow! some of this advice is terrible!<br /><br />If you get your hands on $50k, and you have $1,5million in the bank, then yes, send it to some obsure south american country because it is an investment you can afford to lose. If this money is the seed of your nest egg then protect it at all costs! No, you're not going to get 10% now. There are some city muni bonds out there at 7%, but they can be called at any time, so the term is not a guarantee.<br /><br />I would not mortgage myself to make an investment in real estate. Most of the people playing land baron today have never lived through a true downturn in the market, they have only seen the good times.<br /><br />Leave your $50k where it is the safest and will be there come the future, in the bank in a CD. You can probably get 5.5% if you shop around.

 

[ZmOz]

Re: Investments

Originally posted by JB:<br />That is from $600/acre to $4500/acre.

You can't even buy a parking space here for that. The former orchard across the street from me recently sold for about $900,000 an acre. <br /><br />If I had $50k laying around I would buy the biggest empty peice of land I could find for that price...

 

[heycods]

Re: Investments

50k will get you 50 to 100 acres here. but you would own property 25 to 50 miles from a lake. Taxes under $2.00 per acre, no state income tax. Im only 120 miles South west of JB, things get cheeper going west,up to a point. Only problem you have to figure out how to make a living.

 

[DJ]

Re: Investments

Leave your $50k where it is the safest and will be there come the future, in the bank in a CD. You can probably get 5.5% if you shop around.<br />

In dreams--maybe.<br /><br />You're better off stuffing it in the mattress. No risk=NO GAIN.

 

[deputydawg]

Re: Investments

Watch what kind of land you buy. People around here purchased land around the lake, the lake dried up. It will come back but when??? They also invested in farm ground, but with Kansas sueing Nebraska over water rights new laws are imposed on irrigated farm ground. No new wells are allowed, so a lot of land is going back to dry land farming. That means the price per acre drops at least 10%.<br /><br />If it were me I would spend the money for a financial manager and spread it around a little. Depends on how tight you want it wrapped up and for how long.<br /><br />In the investment world that probably is not much money to work with, but to me it is over 2 years income. It would be hard to tie it up for more than 5 years without seeing a return.

 

[mattttt25]

Re: Investments

would you treat an illness based on what your friends recommended? would you go to court based on information your family provided?<br /><br />why would you invest your money based on what we say? i still recommend going to a professional. too many people think the article or book they read on investing makes them experts.

 

[Dunaruna]

Re: Investments

There are always opportunities to be had when it comes to dirt, just gotta do your homework.<br /><br />Most importantly, you need to feel comfortable with whatever you decide to do. If it makes you nervous, it ain't worth it.

 

[LubeDude]

Re: Investments

Originally posted by mattttt25:<br /> would you treat an illness based on what your friends recommended? would you go to court based on information your family provided? Why would you invest your money based on what we say?

I guess I trust my wealthy freinds here on Iboats. I mean, if ya have a boat you must be rich, Right!!! and just currious what ya all might say.<br /><br />Hard to say what I may do, More than likely cars, I have lots of experience with them and I have yet to lose money on one. Never really had the money to buy the higher quality ones, we will see. I have plenty of time to think about it. Actually my boss is very sharp when it comes to investments, Im sure he wouldnt steer me wrong.<br /><br />H*ll, maybe Ill just make SBN an offer on his new boat! Its way too fast for him anyway.

 

[KRS]

Re: Investments

Originally posted by DJ:<br />

Leave your $50k where it is the safest and will be there come the future, in the bank in a CD. You can probably get 5.5% if you shop around.<br />

In dreams--maybe.<br /><br />You're better off stuffing it in the mattress. No risk=NO GAIN.

My point is, I wouldn't risk anything if I had $50k and it was my only $50k. All sound investment strategies rely on diversification to protect the portfolio. Taking $50k and investing in something other than an FDIC insured deposit (like a CD) just isn't sound advice. When he has $300k then it's time to make the investments like $50k land purchase, $50k in an offshore loss account , etc, but not now, IMO.