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Where to put money?

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  • Moose242
    replied
    Originally posted by Lason View Post
    You forgot daddy
    Oh yeah, I forgot that I am heir to a vast van rental fortune. No need to work or put money away.

    Leave a comment:


  • Sean88gt
    replied
    Originally posted by 347Mike View Post
    Real estate besides your home?
    Hard assets are always good. If you can buy an acre or two or twenty a bit at a time, do it. Population is growing, food needs are increasing and supplies are getting smaller. I believe that land prices will skyrocket in the next several years.

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  • 347Mike
    replied
    Originally posted by Strychnine View Post
    Mutual funds and real estate for the most part.
    Real estate besides your home?

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  • Strychnine
    replied
    Mutual funds and real estate for the most part.

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  • 347Mike
    replied
    Originally posted by Lason View Post
    You forgot daddy

    Leave a comment:


  • Lason
    replied
    Originally posted by DOHCTR View Post
    Gold and guns.
    You forgot daddy

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  • HarrisonTX
    replied
    My right hand, THANKS

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  • Moose242
    replied
    Gold and guns.

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  • 347Mike
    replied
    Originally posted by Broncojohnny View Post
    100% stocks for me. Bonds suck right now. Savings accounts and CDs don't pay shit. Commodities are a shit show, not to mention a fucking scam to begin with. Where else is there?

    Keep in mind that not all shares are equal. There are high quality blue chips that pay 3-4%. There are mortgage REITs that pay 17% but you better know when to leave if you get in them (risky!). You could also look at municipal bond funds, (PIMCO funds, MHI etc etc) which will mitigate some of the default risk of muni bonds, some of those will pay you 7-8% tax free. Just pray for no defaults.

    Most importantly, you'd be crazy to listen to me because this is the internet and I could be a monkey banging away at a keyboard.
    1) I don't make any investment without doing my own due dilligence.
    2) Your advice was one of the ones I was hoping to hear so don't be so humble.

    How do I know which investments are tax free or are all stocks for example taxable but certain bonds aren't?

    I was hoping for something a bit more secure or shall I say, less risky. I am using a quarter of my liquid cash in the market right now and have thought about moving all of it to the market but I am a bit nervous about that idea for obvious reasons.

    What are a few stocks you are invested in if you don't mind me asking? I know JNJ is one of them.

    Leave a comment:


  • Broncojohnny
    replied
    100% stocks for me. Bonds suck right now. Savings accounts and CDs don't pay shit. Commodities are a shit show, not to mention a fucking scam to begin with. Where else is there?

    Keep in mind that not all shares are equal. There are high quality blue chips that pay 3-4%. There are mortgage REITs that pay 17% but you better know when to leave if you get in them (risky!). You could also look at municipal bond funds, (PIMCO funds, MHI etc etc) which will mitigate some of the default risk of muni bonds, some of those will pay you 7-8% tax free. Just pray for no defaults.

    Most importantly, you'd be crazy to listen to me because this is the internet and I could be a monkey banging away at a keyboard.

    Leave a comment:


  • 78X
    replied
    Coffee can under my bed

    Leave a comment:


  • 347Mike
    started a topic Where to put money?

    Where to put money?

    Besides hookers, blow, booze and on black oh and silver/gold....

    Where do you guys diversify your money? I have a little bit in the market and some other investments but other than that the rest is in a savings account. I know I made a thread in Canada inquiring about CD's but couldn't find it. Besides a savings account and the market, where else do you put your money? Bonds, CD's, etc?

    Id like to put it somewhere that makes a bit more than the measly few percent (if that) I get in my savings account.

    I am not trying to turn this into a solid barg thread, I am just curious what some of you others do - those of you that are financially sound that is....

    TIA!
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