Investments

[RogerB]

Hey what is everyone investing in these days?
How’s it going and what’s your logic?

 

[j4flyer]

S&P 500 index funds.

 

[RogerB]

S&P 500 index funds.

Yea I’ve been watching some David Ramsey and thinking index funds are a good way to go generally , what brokerage are you using?

Not sure if right now is still the case with index funds being a good idea to start investing into as I think we’re in or heading for a correction - thoughts???

Up to now it’s all been real estate deals for me

 

[Gyro-nut]

Mutual funds, some individual stocks (just play money in Robinhood), Roth IRA, 401k, real estate. I put in 20% of every paycheck.
My logic... set it and forget it. I keep an eye on them probably more than I should, but in the end it doesn't matter; I'm in it for the long run, so I've put it all on black and let it ride

Hopefully 5 more years to retirement, but the market will dictate that to some extent. I know a lot of folks on this forum are already there or have been for some time, and all I can say it "Congratulations!!!"; hope to join you soon!!

 

[Sv.grainne]

All mutual funds, same advisor for 30 years, we talk twice a year. Lived overseas for a long time so did not pay state tax or own any real estate. Housing was furnished and also got a pay differential.

 

[ultracruiser41]

Gold,silver

 

[Doug Riley]

Centuries ago, my father's boss advised utilities. He had made himself a lot of money.

These days, a utility occasionally gets blamed for one of our now-common megafires. That happened in California with Pacific Gas & Electric, and again with the Maui fire in Hawaii. So diversify among many utilities, and maybe a utility mutual fund. The dividends are nice, though not spectacular.

 

[GyroChuck]

I'm a believer in Mutual Funds. Not just one but several with different strategies.

But since its mostly my wife's money she prefers an Investment advisor.

 

[ultracruiser41]

Y’all should invest in luxury stocks…..hotels, resorts….fine dining……cuz my wife seems to book a lot of trips

 

[j4flyer]

Yea I’ve been watching some David Ramsey and thinking index funds are a good way to go generally , what brokerage are you using?

Not sure if right now is still the case with index funds being a good idea to start investing into as I think we’re in or heading for a correction - thoughts???

Up to now it’s all been real estate deals for me

Use vanguard or fidelity as they have a one time fee. Your portfolio won’t get shuffled around to make an advisor money. Yes, I too believe the market is in for a correction. That is when you dump all you can afford into it. I view the stocks as on sale. If you feel more comfortable with an advisor look at Thrivent investments. They are a Christian / non profit that is nation wide. They have been in business since 1902. (I have no ties to them other than what I’ve seen them do for my son’s investments. )

 

[Mayfield]

I use LPL Financial to manage my portfolio. At this stage in my life, I am very risk adverse so mostly I maintain a few CDs with rolling maturity dates. If you shop you can find fairly good ROI even with CDs. I play with a few individual stocks but mostly just for fun.

 

[WaspAir]

Mattresses.

That's where many people stick their cash anyway.

 

[Mayfield]

Mattresses.

That's where many people stick their cash anyway.

That's probably the most reasonable post in this thread

 

[Sv.grainne]

Mattresses.

That's where many people stick their cash anyway.

But with an ROI of zero!

 

[Mayfield]

Reasonable in the humorous, tongue in cheek sense.

I've never met JR in person. I only "know" him through his writings. I do see similarities in the dryness of the humor between Bobby and JR. Like it a lot

 

[j4flyer]

Has anyone used the online FDIC insured savings accounts ? Some offer 5.45% but, I’m curious about customer service issues.

 

[Brent Drake]

I do real estate. Best gain and very slight change of loss/
There's no way I'll touch gold. It's not an investment. It's just cold cash.

 

[Gyro-nut]

Has anyone used the online FDIC insured savings accounts ? Some offer 5.45% but, I’m curious about customer service issues.

I have an online savings account and a few CD's as well. I haven't had any issues with transferring money in/out; but there are limitations. Do your research, some online accounts state 5.5% interest, but then charge fees; so read the fine print!

 

[j4flyer]

I do real estate. Best gain and very slight change of loss/
There's no way I'll touch gold. It's not an investment. It's just cold cash.

Brent, real estate out here in Ca has changed. I began looking at rentals until covid. The Ca government makes it almost impossible for a small investor to own rentals. They have rent control on everything. During covid they told renters they didn’t need to pay. They gave landlords instructions on how to APPLY for reimbursements from the covid funds. Currently tenants can stall payments for up to six months. Squatters can remain for the same amount of time if court proceedings are initiated to remove them. If other methods are employed it can take less time. Anyway, I decided I didn’t want bogged down in that quagmire.

 

[Sv.grainne]

We thought about real estate in 1981 when we moved overseas. At the time my wife worked for a big real estate firm. We sold the home. We made a nice profit on the home we bought in Northern, VA on our return to the US. But did not view that as an investment.