SoCal Jet Boats
Discussion => The No Wake Zone => Topic started by: shawnthedrifter on June 10, 2008, 02:48:10 PM
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Just trying to figure out whats the best way to invest a decent amount of money? Stocks, real estate, money markets, boat racing :-\
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At this point in tim I would probably just hold on to it!
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Just trying to figure out whats the best way to invest a decent amount of money? Stocks, real estate, money markets, boat racing :-\
My bank account would be just fine ;D
2sav
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At this point in tim I would probably just hold on to it!
No shit
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I guess i'm a risk taker. I'd buy a forecloser as rental property. But then again i'm not to bright were building a 3200 sq.ft. spec house that we may have to rent out for a couple of years.
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The safest way is Federally insured accounts ie, cd's, savings, etc. But those dont bring in the most return.
Take the risk....buy stock in the oil companies....you will be a millionaire in a few months! ;D
Honestly, I would wait a couple months and buy real estate, you will be near the bottom of the fall and when the prices rebound you will make more of a return then most stocks could return!
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pm me with your contact info I have a good guy to talk to ive been using for about 10 years now everything is up front with this guy i was worried not knowing anything about this stuff when I started and he made it really easy for me
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Ya i was thinking about the real estate route also. Ive been un-employed for almost a year now since I got in my accident. Been living off of settlement money for a while.
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I have been doing real estate for about 10 years now and I can tell you that you better be committed 110% if you want rentals......They are alot of work but you can be very successful. I think of it like small businesses where they say 70% or more fail within 5 years, same with investors (they come and go)
I started back in 1997 when you could cash flow just about any type of residence..
My recommendation would be to start doing your research (reading) now and make an educated purchase about 6 months from now if serious. I would advocate managing and renting your own property to see what it takes. I would also buy multi-family like duplex or triplex to start if you can afford it, they always do good in any economy, good or bad
Foreclosures are what I specialize in buying now but you have to have the mindset to buy low, hold for 10-20 years minimum and sell during the peak
If real estate is not your game, the stock market is about to take a giant dump in the near future in my opinion...for one reason, the people that are going to hit the mandatory age to start taking distributions from their 401's is going to skyrocket. There are just not enough younger folks putting enough in to counteract this problem.
If you can afford to invest in the stock market, say in futures and especially energy related stocks, go for it, they will always do good.
I don't know your age but I started when I was 25, now I'm 35, will retire with a nice Police/Fire retirement and have plenty of real estate to retire forever at 43.......
It can be done, just alot of hard work, determination and TIMING!!!!
GOOD LUCK
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Thats some good advice. Im 25 years old and i always think about what kind of options I have.
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wanna invest in some houses at the river with me
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I was seriously thinking about moving to the river. The first river trip of the year always makes me want to be a permanent resident. Im trying to get my CDL right now. Who knows what the future will hold... :sly:
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call me stupid...but where be the river???
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call me stupid...but where be the river???
I go to Parker. But anywhere around there is good for me. Blythe, Havasu, Parker, Needles.
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the 2 houses ive built have been in 2savs hood in bullhead both sold before they were done
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the 2 houses ive built have been in 2savs hood in bullhead both sold before they were done
Ive never been on the water in bullhead or around that area. Ill be in Laughlin the second weekend in July. Good thing you got that rockin mullet to keep your neck from getting sunburned working out in the sun. ;D
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Just remember, livin on the river is an entirely different lifestyle than livin in Cali.......... Things move slow here.........Jobs suck!!! but i love it.
2sav ;)
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Just remember, livin on the river is an entirely different lifestyle than livin in Cali.......... Things move slow here.........Jobs suck!!! but i love it.
2sav ;)
I hate living in Orange County. I hate saying im from Orange County. It does have it benefits living out here but if I could find a decent job and be able to buy a decent house out at the river then I think I would try it.
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Just remember, livin on the river is an entirely different lifestyle than livin in Cali.......... Things move slow here.........Jobs suck!!! but i love it.
2sav ;)
you can say that again and now that its summer you cant get anything done everyone is at the river its hard to go from a big city to here thats for sure
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I hate living in Orange County. I hate saying im from Orange County. It does have it benefits living out here but if I could find a decent job and be able to buy a decent house out at the river then I think I would try it.
Dont blame you..........Im also from Orange County ::)
2sav
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I have some plas to do another house soon if you have an extra 30-35k you can get in on it
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brb its 4:19 >:D O0
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brb its 4:19 >:D O0
Im afraid if I move out there I might bring that demon out of my closet again also. ^-^
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brb its 4:19 >:D O0
;D ;D
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BOAT RACING
[/b] >:D >:D
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Buy collectible gold and/or oil stocks. Either the U.S or Israel is going to bomb Iran in the next 9 months or so. That will disrupt things in the mid east so that oil will be double what it is today instantly and it will stay that way for a while. If I am wrong it is still a safe bet that oil will continue to remain high and there is no substitute ready for market. Gold has gone up double digits every year for the last decade and the price increase is accelerating while the govt does nothing to shore up dollars. Gold has never been worth nothing and if the govt decides to confiscate it like before they cannot take collectible gold or foreign currency I believe. Ask around and you will find some very important people who expect gold to double to $2000 oz. before too long. Both of these things are low risk AND do not require a lot of money or expertise to invest in.
In my opinion real estate is way too volatile right now, and kind of time/labor intensive for most people. If you are going to invest a lot of money DIVERSIFY!!!
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just another thought here.
mutual funds is a good way to go also. but it is like buying houses. you want to make sure you are willing to go long term. most mutual funds have a history of returning anywhere from 10-20%. but if you decide to go into them you need to look at least 5 yrs before you touch the money.
you are better off with mutual funds then with playing the stock market. you can diversify and buy whatever funds you want.
Fidelity is a good company to go with. you can request a prospectus for each fund you are wanting and it will tell you the history of the fund and the returns on it. of course it isn`t a guarentee that it will do the same amount of return in the future but for the most part they are very stable. even if the market takes a down turn and you don`t have to touch the money you will do ok. and if you can afford to do a monthly amount it can even be better. due to you "buying low, selling high" type of deal. just my .02 worth. ;D