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investments
tazzer
Member Posts: 16,837
What would be a good place to invest in for a 4 to 5 year period thats pretty safe, took a beating with the stock market.
Comments
something that will protect the cash and make money.
A CD at your local bank would be one possibility.
JIM......
Another low maintenance option is a diversified allocation across the SPDR etf sector funds.
The market is too high to initiate a major position right now IMHO,...YMMV.
CD is safe and you can go for 1-3-6 months etc. Earnings are poop though.
Depending on your tax position you could go muni but AAA bonds would probably be pretty safe and you can get a much better return
Even Dividend stocks right now in my opinion are too high to initiate a position in.
quote:Originally posted by Barzillia
Buy the best farmland you can find.
https://personal.vanguard.com/us/funds/snapshot?FundId=0527&FundIntExt=INT
DISCLAIMER: I am a firearms dealer and not a financial advisor, so what works for me may not work for you.
Have a home loan, think about paying it off, depending on your tax situation. Even then it's nice to know you can't lose it to the lender. Think your primary residence can't be taken for taxes, etc. but hard to know the entire U.S.
The people with money to invest buy improved rental property or buy and build. Houses, condos, multiple tenant rentals, business locations etc. ie: real property. Know several wealthy people who build rentals and get less 5% per year on their investment, not good, but better than losing 3% per year due to inflation.
I'd think about putting some money in a dividend paying stock. Need to know / study any purchase.
Exxon pays 4% but in 2016 this news:
ExxonMobil Corporation has found itself in troubled waters after being accused of misleading the public about climate change risks. Following such grave allegations, the Rockefeller Family Fund, announced its decision to divest its holdings in the company as well as all other fossil fuels investments immediately. Also rumored, owning fossil fuel stocks was NOT Politically Correct.
Wouldn't invest in anything you don't totally understand and don't fall in love with your investments. Maybe guns but think about how to keep them from being stolen.
The best advice so far was the Mutual Fund / brokerage suggestion like Vanguard. I use another Firm but Vanguard is probably better.
Hear anyone suggest annuities? run away, don't buy. Big sales commissions and generally an all around BAD DEAL and hard to get out of.
PS: Bank CD's are INSURED, or should be, ask about insurance details no matter where you put your money. Stocks are insured, they're guaranteed to never be worth less than your original investment.
Buy the best farmland you can find.
75K wouldn't even get a Farmers attention, that's chump change, a new mid-size tractor cost more than that [:0]. It's very hard to cut a few acres out of a working farm with all the cost involved (survey, legal fees, i.e) to justify selling plus most farms are mortgaged to the hilt and the lien holders wouldn't be interested in breaking it down for a drop in the bucket besides the 75K would go directly to the lien holder, the Farmer will see $0.00........so that's bad advice from Barzillia [B)], look elsewhere.
"Never do wrong to make a friend----or to keep one".....Robert E. Lee
Buy the best farmland you can find.
Damn,this make twice in two weeks that I agree with Libzilla![8]
First sign of the apocalypse![:D][;)]
quote:Originally posted by Barzillia
Buy the best farmland you can find.
75K wouldn't even get a Farmers attention, that's chump change, a new mid-size tractor cost more than that [:0]. It's very hard to cut a few acres out of a working farm with all the cost involved (survey, legal fees, i.e) to justify selling plus most farms are mortgaged to the hilt and the lien holders wouldn't be interested in breaking it down for a drop in the bucket besides the 75K would go directly to the lien holder, the Farmer will see $0.00........so that's bad advice from Barzillia [B)], look elsewhere.
You got that right, I own a 44ac farm right now and lease the 65ac across the road from and to but it would be more then double the 75 just for the land and its not even all pasture. i could buy a 60 horse tractor for around 28000 here in east Texas but I have one already and my goals are for all the cows to one day pay for the farm expenses but thats a few years down the road still [B)][:D]
Short term or long term? Much of mine is in funds, but a couple of CDs. CD are making squat, not much better than your savings account.
Yes bank CD's have been non-starters since 2008 when the crunch hit. Lucky to get 1% interest. I decided at that time to go with Scottrade, pick stocks with records of paying dividends of at least 3% and come hell or high water keep them and don't panic when the market goes down. As our CD's matured cash them in and buy more stock. At this time we have four good stocks which have paid from 3.2% to 5.1% and every quarter have given cash dividends with which we buy more stock. Two of these stocks are banking based, one is Medical and one is utilities,
quote:Originally posted by Junkballer
quote:Originally posted by Barzillia
Buy the best farmland you can find.
75K wouldn't even get a Farmers attention, that's chump change, a new mid-size tractor cost more than that [:0]. It's very hard to cut a few acres out of a working farm with all the cost involved (survey, legal fees, i.e) to justify selling plus most farms are mortgaged to the hilt and the lien holders wouldn't be interested in breaking it down for a drop in the bucket besides the 75K would go directly to the lien holder, the Farmer will see $0.00........so that's bad advice from Barzillia [B)], look elsewhere.
That's why you have to exert some effort to look, and buy the best you can find. Of course it will be a smaller parcel.
Probably talking about 40 acres or around that.
I did not suggest that anybody go anywhere and try to break up a farm.
Thanks for playing.
Barzillia you know nothing about what your speaking of....I do [;)] and Tazzer (the OP) even agrees. When it comes to farms and land investments I know what I speak of and can back it up [:)]. You can go play your silly-assed games with someone else [:0]
"Never do wrong to make a friend----or to keep one".....Robert E. Lee