QUESTION FOR SMART MONEY TYPE PEOPLE

[jeffy]

I hear you can also sell medical marijuana in Garnett.  Any legality involved in this goes without question, since most of the law enforcement participates in said activity.

[Joker]

Garnett, Kansas?

[Bookcat]

Alot of advisors as saying stay away from stocks but Now is a great time to buy low if you can afford it, but that is the problem.

If you're in the industry then your financial advisor can show you a list of stocks that are ALMOST guaranteed to rebound when the economy stabilizes...and if it doesn't, you aren't losing your ass on bad bets.

There will be a whole new crop of millionaires when the DOW volume returns to 10,000+ but I think that is about two or three years away. Depends on a lot of factors.

http://www.usatoday.com/money/default.htm

[Bookcat]

advice that borders on the very fringes of legality if you have any.

rarely is this going to give you a bigger reward for less risk. After all, that is what the investment game is all about.


But if you want to go completely illegal there are all sorts of things you can do with your "spare cash" . But you aren't specific about how much you have.

[steve dave]

Go damn it bookcat

[AzCat]

Make bigger/extra mortgage payments?

This is solid advice.

Unless interest rates go up at which time you'll have spent your investment capital paying down what should be low-rate debt and will have bypassed high(er) rate returns in the future. 

[jeffy]

If you want a solid investment that hedges against inflation, real estate is it.  It is on sale in many parts of the country.  If inflation kicks in, the value of houses generally follows.  Imagine getting 10-15% on your investments.  That would be housing.



Your best bet is to put as much down as possible, if not pay for it outright.  Even if you finance, the interest rates are low for now.  Even still, finance it at as short of a term as possible, be it 10, 15 or at most 20 years.  If interest rates jump, as they likely could, getting in now is a great bet.

[jeffy]

Make bigger/extra mortgage payments?

This is solid advice.

Unless interest rates go up at which time you'll have spent your investment capital paying down what should be low-rate debt and will have bypassed high(er) rate returns in the future. 

Being out of debt in a bad economy (or any economy) is the best hedge against Murphy's Law there is.

[steve dave]

Make bigger/extra mortgage payments?

This is solid advice.

Unless interest rates go up at which time you'll have spent your investment capital paying down what should be low-rate debt and will have bypassed high(er) rate returns in the future. 

Being out of debt in a bad economy (or any economy) is the best hedge against Murphy's Law there is.

Yeah, I am locked in at 4.5% and pay an extra chunk each month already.  Real estate is interesting but we could move across the country at any moment so I don't want to be stuck with a bunch of Omaha area property and having to pay a management company to handle it for me.  Good advice though

[sys]

Real estate is interesting.

do you have enough money to buy a ranch in mexico?  i will find a good one for you.

[steve dave]

Real estate is interesting.

do you have enough money to buy a ranch in mexico?  i will find a good one for you.

Prolly, what would I raise on it?  Jalapenos? 

[Rick Daris]

open a strip club in manhattan (out by airport). hire some horndog but honest horndog to manage it for you/disinfect money before giving it to you. retirement probable within five years.

[kst8cat]

SD, since I like you so much I thought I would pass this opportunity on to you.  It is a chance to become a multi-millionaire with no risk just for helping this gentleman out.   

My name is DOUGLAS KAukE a native of Cape Town south Africa. I have a proposal to make that might be interesting to you.

I am in possession of a large sum of money in cash totaling US$40.000,000 Million US Dollars realized from the sale of Gold Dust and precious stones. The money is lodged at security company in south Africa.

I want to move the money abroad to invest it in profitable ventures...

Firstly to assist me to export this money to any suitable country abroad...

And upon your request I want the money to be paid directly to any bank of your choice and for your assistance you receive 30% of total sum with peace also with no risk involved.

Is you to give us very strong guarantee that our share will be well secured and also bear us interest on the fund's, also not take advantage of our position since the money will be paid directly to a bank account that you nominate.

Be assured that there is absolutely nothing to worry about in the view of the claim, it is perfectly safe and good enough. ... You should keep this transaction very confidential, because we are still active public service in south Africa.

And upon your request I will furnish you with the certificate of Deposit
issued by the security company at the time of making the deposit...

You can reach me with this E-mail [email protected]

Stay blessed and GOD bless America.

DOUGLAS KAukE cell phone number +31 611425641 Amsterdam, the Netherlands

Douglas S. Kauke No. 203 Nelson Mandela Way Johannesburg, South Africa

[sys]

Real estate is interesting.

do you have enough money to buy a ranch in mexico?  i will find a good one for you.

Prolly, what would I raise on it?  Jalapenos? 

cattle and snakes, if i'm managing it for you.  you could grow marijuana for a higher return, but i have to warn you, i don't currently know how/where to market that crop.

[doom]

Real estate is interesting.

do you have enough money to buy a ranch in mexico?  i will find a good one for you.

Prolly, what would I raise on it?  Jalapenos? 

cattle and snakes, if i'm managing it for you.  you could grow marijuana for a higher return, but i have to warn you, i don't currently know how/where to market that crop.

Lawrence. 

[AzCat]

Real estate is interesting.

do you have enough money to buy a ranch in mexico?  i will find a good one for you.

Prolly, what would I raise on it?  Jalapenos? 

Blue agave.  They've been running short on the stuff for years and now that some crazy Mexican scientist (mj can fill you in) has discovered a way to produce diamond films from tequila they're likely to just run completely out.   

[sys]

some crazy Mexican scientist (mj can fill you in) has discovered a way to produce diamond films from tequila.

hilarious.

http://news.bbc.co.uk/2/hi/americas/7725815.stm

[wes mantooth]

Have kids and use money to raise them, so to speak.  If you are as good looking as I hear, you will have redic good looking kids (<---science).  Probably not the investment you thought you'd see in this thread, I know right, but so if life pal.  Make some babies.   

[pissclams]

Make bigger/extra mortgage payments?

that's solidly bad advice.

[jeffy]

Make bigger/extra mortgage payments?

that's solidly bad advice.

No debt = good debt

[wes mantooth]

Make bigger/extra mortgage payments?

that's solidly bad advice.

Can save a ton of money by paying more money on your mortgage each month.  Ton.

[pissclams]

Make bigger/extra mortgage payments?

that's solidly bad advice.

Can save a ton of money by paying more money on your mortgage each month.  Ton.

no chit?  never heard that before.   

he asked for investment advice.  throwing money at a house in this market isn't that.

[wes mantooth]

Make bigger/extra mortgage payments?

that's solidly bad advice.

Can save a ton of money by paying more money on your mortgage each month.  Ton.

no chit?  never heard that before.   

he asked for investment advice.  throwing money at a house in this market isn't that.

Isn't saving a ton of money on interest payments not an investment of sorts? 

[Thin Blue Line]

I hear you can also sell medical marijuana in Garnett.  Any legality involved in this goes without question, since most of the law enforcement participates in said activity.

Really? Give me a name, please.

[michigancat]

But to answer the original question....

Put 5K in a Roth IRA.  That's the max for the year.  All earnings grow tax free.  It's a great deal unless the USA wises up and dumps the IRS for the Fair Tax.


Put the rest in http://survivalseedbank.com/

Yeah, already max out that. Thanks though.

jfc, moneybags.  go take a trip to fiji or something.

[jeffy]

I hear you can also sell medical marijuana in Garnett.  Any legality involved in this goes without question, since most of the law enforcement participates in said activity.

Really? Give me a name, please.

Since you don't want me to screw your chiefdom up, I won't do that.

[AzCat]

Make bigger/extra mortgage payments?

that's solidly bad advice.

Can save a ton of money by paying more money on your mortgage each month.  Ton.

no chit?  never heard that before.   

he asked for investment advice.  throwing money at a house in this market isn't that.

Isn't saving a ton of money on interest payments not an investment of sorts? 

Depends.  Suppose you lock in a fixed 5% mortgage (no idea how low you can get these days but it seems like sub-5s are pretty available).  Right now chipping a few extra bucks might seem like a good idea but suppose you could stroll down to the bank and put that money in a short to mid term CD at 6%, would it still be a good idea to put that extra money towards your house payment knowing that you'd be taking a net 1% less than you could have gotten?  Depending on whether or not you're self-employed & whether or not your mortgage interest deduction is knocking down your self-employment tax that 1% advantage could be magnified. 

[jeffy]

Make bigger/extra mortgage payments?

that's solidly bad advice.

Can save a ton of money by paying more money on your mortgage each month.  Ton.

no chit?  never heard that before.   

he asked for investment advice.  throwing money at a house in this market isn't that.

Isn't saving a ton of money on interest payments not an investment of sorts? 

Depends.  Suppose you lock in a fixed 5% mortgage (no idea how low you can get these days but it seems like sub-5s are pretty available).  Right now chipping a few extra bucks might seem like a good idea but suppose you could stroll down to the bank and put that money in a short to mid term CD at 6%, would it still be a good idea to put that extra money towards your house payment knowing that you'd be taking a net 1% less than you could have gotten?  Depending on whether or not you're self-employed & whether or not your mortgage interest deduction is knocking down your self-employment tax that 1% advantage could be magnified. 

But having that debt can be a handcuff should something happen and if you are not prepared.  Too many people have relegated themselves to debtors prison.  Call me old fashioned.  Call me weird.  I'd much prefer to use my mortgage payment in other ways.

[pissclams]

if something were to happen as you suggest,  it'd be better to have that money in a more liquid state and not tied up in a 30 yr note and in a home that's only worth what someone else will pay for it.

the cd/money market is really the way to go. 

[kst8cat]

Considering the massive stimulus package, bailouts, etc., the dollar is extremely vulnerable to inflation in the next couple of years.  Thus having more debt now and being invested in gold, commodities, real estate, etc. is a hedge against that potential inflation.  Also borrowing at low rates now is a good thing because the rates will likely go up in the future in order to battle the inflation.  Not saying you should borrow more than you can handle, but if you have extra funds available I would certainly keep that in mind.