New To Investing Thread

[EllRobersonisInnocent]

goEMAWhouse.com

[meow meow]

What are some good investment options for money that you still want to be fairly liquid.  CD rates look pretty low, savings accounts obviously suck.

[sys]

kk, my parents did that for a while.  it's a huge pain in the ass.  but tons of people have made lots of money in mom & pop real estate rentals.  i wouldn't make the decision as an investment choice, more a how do i want to live my life choice.

[sys]

What are some good investment options for money that you still want to be fairly liquid.  CD rates look pretty low, savings accounts obviously suck.

liquid or safe?  you can invest in tons of things that are fairly liquid.  but you aren't going to find an attractive return on anything that's risk-free.

[steve dave]

yeah, stocks are liquid, mutual funds are liquid, gold is liquid. buying a business or some land or art and stuff isn't liquid.

[06wildcat]

yeah, stocks are liquid, mutual funds are liquid, gold is liquid. buying a business or some land or art and stuff isn't liquid.

Just use the asset to secure a line of credit. Boom. Liquid.

[wetwillie]

What are some good investment options for money that you still want to be fairly liquid.  CD rates look pretty low, savings accounts obviously suck.

You are confusing insurance and investment here I think. 

[meow meow]

Say you have money sitting in a saving account or equivalent.  Money isn't making crap but it's nice for an emergency/piece of mind.  However, there are probably better places to put it, while at the same time it would be nice for it to be liquid enough that I could pull it to buy a bigger house or something.  Mutual funds outside of a 401k/retirement account?

[ben ji]

Assuming you have the principal (~$15-$20K) to find a decent rental property why shouldn't someone:

1.  buy 3BR home for $100K
2.  15yr Mortgage ~$750/mo (absurdly high)
3.  Rent ~$1000/mo (low)

assuming $1500/yr in upkeep (absurdly high) you make min. $1500/yr for 15 yrs then either sell property and be done with it, upgrade to a nicer property or roll the profits in to a second cheap property.

Anyone done this?  Anyone doing this?  How big a pain is this assuming you live in the same town?

(rick daris bait)

This is pretty much my plan with the house I live in now, 13 years left on mortgage and similar numbers to what you posted.

Assuming that in 13 years I still live in the same city and have little uns running around(with ultra light fishing poles) I'll buy a bigger house out and rent my current house. The plan is to form a Ben Ji Properties LLC and never ever ever ever turn a profit. Whatever doesnt go back into a house will be used to scope out new "Properties" in various cities I feel like visiting on vacation.

ABSOLUTELY NO NEGATIVE REPEROCUSSIONS(or whatever wacky's 2nd most famous catchphrase is)

[ben ji]

Say you have money sitting in a saving account or equivalent.  Money isn't making crap but it's nice for an emergency/piece of mind.  However, there are probably better places to put it, while at the same time it would be nice for it to be liquid enough that I could pull it to buy a bigger house or something.  Mutual funds outside of a 401k/retirement account?

Do you have a Roth IRA?

[meow meow]

Say you have money sitting in a saving account or equivalent.  Money isn't making crap but it's nice for an emergency/piece of mind.  However, there are probably better places to put it, while at the same time it would be nice for it to be liquid enough that I could pull it to buy a bigger house or something.  Mutual funds outside of a 401k/retirement account?

Do you have a Roth IRA?

Yeah

[Emo EMAW]

Say you have money sitting in a saving account or equivalent.  Money isn't making crap but it's nice for an emergency/piece of mind.  However, there are probably better places to put it, while at the same time it would be nice for it to be liquid enough that I could pull it to buy a bigger house or something.  Mutual funds outside of a 401k/retirement account?

Do you have a Roth IRA?

Yeah

Well there you go.

Sent from my SPH-L710 using Tapatalk

[Asteriskhead]

Hire Winters as the gE intern/ rental property handyman. I'll teach him all the skills necessary to be handy.

[meow meow]

Say you have money sitting in a saving account or equivalent.  Money isn't making crap but it's nice for an emergency/piece of mind.  However, there are probably better places to put it, while at the same time it would be nice for it to be liquid enough that I could pull it to buy a bigger house or something.  Mutual funds outside of a 401k/retirement account?

Do you have a Roth IRA?

Yeah

Well there you go.

Sent from my SPH-L710 using Tapatalk

You can only contribute 5500/year tho

[Kat Kid]

kk, my parents did that for a while.  it's a huge pain in the ass.  but tons of people have made lots of money in mom & pop real estate rentals.  i wouldn't make the decision as an investment choice, more a how do i want to live my life choice.

Ok.  NEW IDEA! 

I take $10-15,000 from my IRA and invest it with my friends that are managing their rental property.

#nextlevel #retirement #achievementunlocked #win

[michigancat]

investing with friends always goes well

[Tobias]

investing with friends always goes well

maybe they're family

[michigancat]

investing with friends always goes well

maybe they're family

either way no negative consequences

[Tobias]

[slobber]

Some real stellar advice in this thread.


Gonna win 'em all!

[Kat Kid]

Sounds like a lot of people aren't on my level.

[Tobias]

the market has spoken

[ksupamplemousse]

Say you have money sitting in a saving account or equivalent.  Money isn't making crap but it's nice for an emergency/piece of mind.  However, there are probably better places to put it, while at the same time it would be nice for it to be liquid enough that I could pull it to buy a bigger house or something.  Mutual funds outside of a 401k/retirement account?

Do you have a Roth IRA?

Yeah

Well there you go.

Sent from my SPH-L710 using Tapatalk

You can only contribute 5500/year tho

Also, not that liquid, pretty big penalty/taxes for early withdrawal/non-qualified distribution.

[ben ji]

Say you have money sitting in a saving account or equivalent.  Money isn't making crap but it's nice for an emergency/piece of mind.  However, there are probably better places to put it, while at the same time it would be nice for it to be liquid enough that I could pull it to buy a bigger house or something.  Mutual funds outside of a 401k/retirement account?

Do you have a Roth IRA?

Yeah

Well there you go.

Sent from my SPH-L710 using Tapatalk

You can only contribute 5500/year tho

Also, not that liquid, pretty big penalty/taxes for early withdrawal/non-qualified distribution.

[steve dave]

when I hit rock bottom and get into the pyramid scheme game I'm hitting up KK first day.