Short term investing

[arse_sidewards]

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”.

They don’t forget. They leave that shit out because it’s a nice way to seem like a big swinging dick while having a plausibly deniable out in case someone calls you out on it.

The guy I recently bought land from made money hand over fist at first glance. When you account for taxes he would have done better with bonds.

 

[OutlawRider]

They don’t forget. They leave that shit out because it’s a nice way to seem like a big swinging dick while having a plausibly deniable out in case someone calls you out on it.

The guy I recently bought land from made money hand over fist at first glance. When you account for taxes he would have done better with bonds.

But he profited 50k after owning it for 50 years

 

[Captain Call]

But he profited 50k after owning it for 50 years

Be smarter.

 

[XtremeJ]

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?

What would IBB do?

Best advice would be to not take advice from a bunch of random strangers on the internet


So
- hookers and blow, immediate return on your investment at a detriment to the capital base

- think hard about 60. You would be better showing good income over the next 5 years to load your social security if that is going to be a major part of your income. If. So 62 1/2 is likely to be a better goal (talk to your accountant). And $36 - $40’s in SS is nothing to be ignored plus almost Boomer dude, you have paid into it so use it before it goes broke or gets used for welfare

- if you are still thinking 24 months or less, CD’s or similar are a reasonable way if only losing some of your money to actual (not posted) inflation. Least risk unless Wells Fargo or Chase go belly up. Most offer savings accounts within a percent of the CD with no time obligation

- Fed notes of some sort, rates change daily and are depending on the bond market. As low risk as you can get, you can get money out early but at a huge financial penalty. As low risk as it comes. Even the Chinese trust this investment

- 24 months I would be looking at a SPY tracking fund or SPY itself if you have even the most basic of trading account. VOO is a Vanguard fund with low cost to enter and pays dividends. Higher risk than above but still a low risk. If November concerns you wait to start investing until December (you might be able to out 2024 money away until April 2025 talk to your accountant). Dollar cost average in is always good advice.

- 24 months medium risk, QQQ’s or some Nasdaq or Russell tracking ETFs. Maybe with 20% into IWM, small caps

But honestly Rick,
If you have this stashed away and not earning for you now, forget the short term, think more about putting it to work for you now and if you need it for retirement (if that happens before inheritance) you will still only want to pull the bare minimum out of the capital. And the longer you can go without touching this the more it can generate decent monthly income (eventually)

Spread this out over 10 or 20 blue chips that pay decent dividends. Or half into SPY /QQQ ETFs and the other half into the WMTs, MSFTs, OXY’s, Coke, APPLs (if you need a guide, use whatever Buffet / Berkshire deems worthy and save the % a financial advisor will charge). SPY and QQQ pay dividends every quarter

Then re-invest the dividends. DRIPs.

Even staid conservative bankers like Wells Fargo and Chase will lend against investment accounts ( Wells no longer has HELOCs though?) with some restrictions IF you need short term money without liquidating positions ( say around April15)

If you want to spread your risk, use more than one brokerage for investing and stay away from Robinhood. Leave that for the Zs and Millenniums.

Ignore these fools talking about anything but the banks or the market. 5% low risk, 7-9% medium risk (market funds with stops set or patience), anything more than 10% would be high risk in my book and likely a liquidity trap (can you liquidate immediately IF you need?) Real estate, private equity deals, flipping properties, “investing” in guns, cars, bikes, SXS, Tetanus projects all fall under the later.

Are you carrying debt anywhere at high rates? You may consider killing that with your available capital - paying 13-15% on credit card debt and only making 5% then Dave Ramsey will tell you pay off the debt first

 

[2JZ]

Anyone know what

Best advice would be to not take advice from a bunch of random strangers on the internet


So
- hookers and blow, immediate return on your investment at a detriment to the capital base

- think hard about 60. You would be better showing good income over the next 5 years to load your social security if that is going to be a major part of your income. If. So 62 1/2 is likely to be a better goal (talk to your accountant). And $36 - $40’s in SS is nothing to be ignored plus almost Boomer dude, you have paid into it so use it before it goes broke or gets used for welfare

- if you are still thinking 24 months or less, CD’s or similar are a reasonable way if only losing some of your money to actual (not posted) inflation. Least risk unless Wells Fargo or Chase go belly up. Most offer savings accounts within a percent of the CD with no time obligation

- Fed notes of some sort, rates change daily and are depending on the bond market. As low risk as you can get, you can get money out early but at a huge financial penalty. As low risk as it comes. Even the Chinese trust this investment

- 24 months I would be looking at a SPY tracking fund or SPY itself if you have even the most basic of trading account. VOO is a Vanguard fund with low cost to enter and pays dividends. Higher risk than above but still a low risk. If November concerns you wait to start investing until December (you might be able to out 2024 money away until April 2025 talk to your accountant). Dollar cost average in is always good advice.

- 24 months medium risk, QQQ’s or some Nasdaq or Russell tracking ETFs. Maybe with 20% into IWM, small caps

But honestly Rick,
If you have this stashed away and not earning for you now, forget the short term, think more about putting it to work for you now and if you need it for retirement (if that happens before inheritance) you will still only want to pull the bare minimum out of the capital. And the longer you can go without touching this the more it can generate decent monthly income (eventually)

Spread this out over 10 or 20 blue chips that pay decent dividends. Or half into SPY /QQQ ETFs and the other half into the WMTs, MSFTs, OXY’s, Coke, APPLs (if you need a guide, use whatever Buffet / Berkshire deems worthy and save the % a financial advisor will charge). SPY and QQQ pay dividends every quarter

Then re-invest the dividends. DRIPs.

Even staid conservative bankers like Wells Fargo and Chase will lend against investment accounts ( Wells no longer has HELOCs though?) with some restrictions IF you need short term money without liquidating positions ( say around April15)

If you want to spread your risk, use more than one brokerage for investing and stay away from Robinhood. Leave that for the Zs and Millenniums.

Ignore these fools talking about anything but the banks or the market. 5% low risk, 7-9% medium risk (market funds with stops set or patience), anything more than 10% would be high risk in my book and likely a liquidity trap (can you liquidate immediately IF you need?) Real estate, private equity deals, flipping properties, “investing” in guns, cars, bikes, SXS, Tetanus projects all fall under the later.

Are you carrying debt anywhere at high rates? You may consider killing that with your available capital - paying 13-15% on credit card debt and only making 5% then Dave Ramsey will tell you pay off the debt first

Good info thx. I've always sucked at stocks. Will look into ETF's.

No debt other than a $400k mortgage on my cabin (now my main residence). We are gonna be putting the house in Glendale up for sale this winter, and paying off the mortgage on the cabin.

 

[NakedJeep]

That's right. Researchers from the Higher School of Economics in Moscow found that select unopened Lego sets on the secondary market saw an average annual return of 11%. That is more than the kind of return you would see when selling gold or even the shares of some large companies.

.