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Short term investing

2JZ

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Looking for (safe) short term investments. 1-2 years max. $100k plus. At 58 years old, I want access to my money if I decide to retire by age 60.

As much as I like my cash, I feel like I should be making some money on it. It's just sitting I the bank not making me shit. I just put $100k in a 6 month CD with Goldman Sachs at 5.15%. Have another $100-200k to invest.

Ive got a fairly large inheritance coming when my 85 year old step Mom kicks it, but until then I'd like to make some money on my money, without much risk. Anyone want to take her out for a nice percentage? :flipoff2:

What would IBB do?
 
Why not high yield savings account? ~5%, and very liquid. Our credit union only allows up to 25k for the HY, so we have a couple of savings accounts for our liquid needs.

What kind of cut are you thinking? :lmao:
 
I think your best bet would be a solid real estate investment as the market slowly rights itself .
 
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Precious metals.



















Lead and brass.:flipoff2:




Or...multiple accounts as stated above.




Personally, I try like hell to keep money out of the banks though. Tie that shit up.
 
Guns and ammo... Shit is going to come unglued this November-January. :eek::eek::eek::eek:

I play the long game with stocks. Day trading or looking for a quick buck will give you ulcers. See if you can pick up a stock like Walmart on a dip.
ETF's are another option. They are a blend of quality equities, some pay dividends (VOO). Dividends are really nice if you reinvest them. (DRIPs).:smokin::smokin::smokin::smokin::smokin::smokin:
 
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2JZ said:
Looking for (safe) short term investments. 1-2 years max. $100k plus. At 58 years old, I want access to my money if I decide to retire by age 60.

As much as I like my cash, I feel like I should be making some money on it. It's just sitting I the bank not making me shit. I just put $100k in a 6 month CD with Goldman Sachs at 5.15%. Have another $100-200k to invest.

Ive got a fairly large inheritance coming when my 85 year old step Mom kicks it, but until then I'd like to make some money on my money, without much risk. Anyone want to take her out for a nice percentage? :flipoff2:

What would IBB do?
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is that Goldman CD callable?

money market is paying over 5% but that can change overnight.
find a couple non calable CDs put 50K ea in 6 month /1 year /2 year cds ( short CD ladder)
 
Your limited amount of risk will cut into your yield potential

I’d do something like cash.to stock (find an American equivalent) if you want zero risk and you’ll make 5%

You might also like JEPI which I use to build my RRSP (ie 401k) account with monthly dividend payments but as you can see even the dividend payments are starting to erode as the stock grows. I stated at 12% yield but I knew that was going to happen.

My personal bias I also like Snap-ON stock. It’s been very solid throughout these shitty times we are in and continues to grow. The government loves wasting money and these guys aren’t going anywhere with tender contracts.

Worst case buy land (your funeral plot). You’ll easily blow 50k when you kick the bucket.
 

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2JZ said:
Not sure if that qualifies as a short term investment?
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That brings up a better question , what is short term to you ?

2-5 years is short term to me .

I’ve owned 4 houses now and 3 small acreage investments . I’ve made a combined $225k or somewhere close to there owning all of them for 2 years or less some 6 months or less .

The difference between the OP and myself is I didn’t have savings , all that profit went to debt and all I have to show for it is “better debt”. The OP can capitalize on the fact that he’s not money poor and take chances on investments that someone like me borrowing all of it cannot and put the money in his pocket rather .

Just my $.02!
 
Imo we're going into a recession, cash is getting harder to come by, things are getting cheaper, stocks are near an all time high, businesses are closing down, layoffs are coming. When interest rates are low and inflation is hot, you get rid of cash and buy stuff, we're seeing the reverse side of that cycle, I'm holding cash, some in 5% cds to buy "stuff" next year or the year after


You always want to have what sought after next. Looking at all the toys being unloaded, it seems cash is sought after
 
Projectjunkie said:
Imo we're going into a recession, cash is getting harder to come by, things are getting cheaper, stocks are near an all time high, businesses are closing down, layoffs are coming. When interest rates are low and inflation is hot, you get rid of cash and buy stuff, we're seeing the reverse side of that cycle, I'm holding cash, some in 5% cds to buy "stuff" next year or the year after


You always want to have what sought after next. Looking at all the toys being unloaded, it seems cash is sought after
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Sure hope so.... But there may be too many of us with large war chests ready to pounce for things to drop a long way?
 
Dividend stocks on a DRIP. My assortment is paying me 9% now. REIT's, Energy, Consumer Products, Telecom, and a couple South American Coca Cola stocks.
 
I dont think I would be investing that much as far as stocks go. But your situation might be different from me. $50k is quite a bit of on-hand funds. Sad thing is it might be worthless in 3 years.
 
Clemson13 said:
Sure hope so.... But there may be too many of us with large war chests ready to pounce for things to drop a long way?
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Depends, I believe that the huge hedge funds like Blackrock have been front loaded with covid era money to buy any house that can be made a rental. Land is already getting dumped, and fixer upper properties are hitting the market at "that doesn't seem so bad" prices. I think houses that can be polished up in 60 days and rented will be bought up before we can afford them, but fucking dumps that don't pencil out to pay for labor will be reachable for guys like us.

Toys are getting cheap and will get cheaper, regular transportation is creeping down, but I think will tank as well.

D_JEEPER said:
I dont think I would be investing that much as far as stocks go. But your situation might be different from me. $50k is quite a bit of on-hand funds. Sad thing is it might be worthless in 3 years.
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I doubt that. 10 years? Probably
Looking back on recessions, they last a couple years, depressions can last 10 plus, during that time, cash is king.





I think we're going to have a recession/ depression if democrats win. They'll let it tank for a couple years so the banks can win. Then they'll crank up the money printers to buy votes. I don't think the usd will take survive that, and it'll get printed to nothing.


I expect some decent prosperity under Trump, he'll take drastic moves and make it happen. This may come with a "reasonable" amount of inflation. I suspect he'd print some money, but spend it on job producing infrastructure, open up oil production, bringing some businesses back to US, and some tax cuts. It might be a slightly weaker dollar by some stats, but if gas is $2 and you get a tax cut, and overtime opportunities, you might welcome it:homer:
*there will be winners and losers. Your grandma may not drive and may not pocket the reduced fuel costs, while the services she receives rose 10% with wages because of increased employment opportunities



I would expect the swamp to fight him tooth and nail and wouldn't be surprised to see a shit ton of soros funded rioting and shit trying to get a civil war started.
 
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If you have the funds, building spec houses in a booming area might be considered a short term investment. I build 1-2 houses a year around Kingman Arizona. They run about $175,000 plus the land to build a nice 1500 sq ft, big 3-car garage house. Also build a smaller 1280 sq ft, one less bedroom and same garage for about $145,000 plus the land. Returns have been 25-35% in 8-12 months. The money is in the form of a 2% construction loan, and it's all contracted and handled through a escrow company. The investment is guaranteed by the construction loan so its paid back first. The only way to lose that would be if the contractor skips town or goes broke, which my guy ain't doing. He's been building houses for 45 years with multiple backers. Hes currently building eight spec houses and my custom oversized man cave. I don't see how you could do better than that anywhere else. I net $50,000-100,000 a year, depending upon how many houses we build.
 
D_JEEPER said:
I dont think I would be investing that much as far as stocks go. But your situation might be different from me. $50k is quite a bit of on-hand funds. Sad thing is it might be worthless in 3 years.
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I'm in that boat. I have a good chuck I've kept liquid only earning modest interest for years. Always considered it my funds for a new property, but every year I don't actually buy the property is another year real estate prices inflate lessening the purchasing power of that stash. :mad3:
 
the conservative atheist said:
I'm in that boat. I have a good chuck I've kept liquid only earning modest interest for years. Always considered it my funds for a new property, but every year I don't actually buy the property is another year real estate prices inflate lessening the purchasing power of that stash. :mad3:
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I've been buying property for about a decade. In that time, the prices have never gone down and the green folding money is worth less. It depends upon location of course, but that's the facts, Jack.

It's one of the reasons I decided to build my house now. Rather have my savings in real, physical assets than fake digital money. I'm draining my accounts like a drunken sailor, but its all going into something I can stand on, stand in or hold in my hands. Real assets. I'm counting on my cash being worth very little in the near future.
 
While I agree it’s nice having physical assets, but everyone tends to forget that physical assets have costs to maintain that they never add into their equation for “profit”. I have a bunch of crap (hard assets) and sometimes it just sucks taking care of everything. And not just keeping it up so it has value, but even just keeping other’s paws off of it. And other people always want to find a way to have what you have without paying for it.

Good example, farmland. Easy maintenance right? Until some dickhead kid comes through in his new 4x4 and trashes part of it. Or someone steals the power unit. Or the taxes on it are raised. Or someone living next to it gets pissed because you disc up where they have been mowing even though they don’t own it. Or they put a burn pile or drop their trash out there because it is out of their yard and a farmer can clean it up easy. Hard assets are great, but can be a real mental/physical drain having to keep them maintained after getting so many (without paying someone else to care for it).
 
Roc Doc is right. My grandfather was always a money miser. Him and grandma always went on cruises every year. Christmas and my birthday rolled around and I got knitted mittens and hats. Turns out he had around 7 figures in the stock market. He worked for a natural gas company for 32 years. The majority of his stock was in that company. Close to $500,000. He also had multiple other stocks with 6 figures plus in each of them. Two of those stocks were AT&T and Verizon. The other stock was the pharmaceutical company Lilly. There are several other stocks but they are small time.
 
$100k into SCHD isn’t likely to grow a whole lot but should be relatively safe and generate ~ $300/mo in perpetuity.

Gold (physical) would be another safe bet if you want to deal with selling it off in chunks. Mine is up 28% in 18 months.

High yield savings is still over 5% but will likely start dropping in September.

I think the stock market may be volatile over the next few years. I’m not selling anything but I’m 36. The people that got hammered in 2008 were those on the cusp of retirement.

Land is generally a safe-ish bet if meets certain criteria, but isn’t immediately liquid.

Honestly, $100k isn’t a whole lot to blow through in a couple of years, I’d be more inclined to think in terms of cash flow and look at buying a duplex or an existing business like storage units, even if it requires a loan.
 
I have a CD at 5ish%. Super safe.
 
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