55k to invest

[mftps]

i have 55k cash burning a hole in my pocket and i cant seem to decide where is the best place to invest.. iv been trying to find some mobile homes, but cant seem to close on any deal!!!

i have 3 weeks before i have to start working on my next remodeling job, so i want to invest somewhere and try to get a good return in that time.. after that i will be pretty busy for the rest of the year..

any thoughts or suggestions?

Thanks, John

 

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[GlobalWealth]

If this is your only savings, you need to keep it in liquid investments. Stocks, bonds, money market, etc. You do not want to tie up that cash in real estate unless you have 6-12 months of savings somewhere else. If you keep it invested in liquid, easy to get to funds, then you have the ability to get to it quickly if there is a sudden need. You certainly don't want to be in a position where you need it immediately and you have it tied up in RE that may take weeks or even months to sell.

If you are going to go with stocks, bonds, etc, what is your comfort level with this type of investing? Are you comfortable valuing companies? Actively managing the money? Or are you more passive?

 

[mftps]

The 55k is money that i want to invest.. i have another 20k that is for everyday expenses..

i have money invest in stocks, but they have been doing so poorly in the past year and just started climbing back 4-6 months ago.. but i am still in red..

I would rather not invest in the market.. thats why im searching for other ways..

i also dont want to put everything in real estate, due to the fact that my local market is still pretty bad..

i am trying to do my first mobile home deal, but still havent been able to get anything..

ideas?

 

[fanocks2003]

i have 55k cash burning a hole in my pocket and i cant seem to decide where is the best place to invest.. iv been trying to find some mobile homes, but cant seem to close on any deal!!!

i have 3 weeks before i have to start working on my next remodeling job, so i want to invest somewhere and try to get a good return in that time.. after that i will be pretty busy for the rest of the year..

any thoughts or suggestions?

Thanks, John

Easy:

1. put in the savings account

or

2. throw a dice and invest in something the dice chooses.

It isn't any harder than that.

Everytime you ask anyone else this question you open yourself up for being scammed hard. It is guys like you who are getting scammed. Guys like you are the golden dream of fraudsters. They always take the low hanging fruit. Why work harder than you have too?

If you ask me, then my smartest answer would be: Invest it with me. Why not? I mean, I don't mind getting your money. I have a couple of holes to fill.

 

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[GlobalWealth]

The 55k is money that i want to invest.. i have another 20k that is for everyday expenses..

i have money invest in stocks, but they have been doing so poorly in the past year and just started climbing back 4-6 months ago.. but i am still in red..

I would rather not invest in the market.. thats why im searching for other ways..

i also dont want to put everything in real estate, due to the fact that my local market is still pretty bad..

i am trying to do my first mobile home deal, but still havent been able to get anything..

ideas?

Your response is a classic example of why the masses don't make money in the stock market. You don't want to invest because you are down. That is classic buy high, sell low. this is how investors make money, by taking advantage of those with this philosophy. while no one actually thinks they have this philosophy, most in reality do. right now is not a great time be in the markets anyways as the overall market is overpriced. but that doesn't mean there aren't bargains to be had. being impatient with your expectations of returns is a sure fire way to lose all of your money.

as an additional note, unless you live with your mom and ride a skateboard to work, $20k is nowhere near enough in liquid investments. if you invest this $55k in real estate expecting a quick return, you will be disappointed. you really need to take an honest assessment of your financial picture. how much do you have invested in stocks already? what is your current income? how secure is this income? (for that matter, how secure is anyone's income), what is your debt? if you have debt, what interest rates are you paying? what is your credit score? I am not asking you to answer these questions on the forum (unless you really want to). you need to analyze these things to determine the best solution for you. for example if your credit score is 450 and you have $32k in debt at 19% interest, you would be foolish to do anything but pay off your debt. if your credit score is 790 and you have 32k in debt at 19% interest, you need to refinance your debt with either a 0% credit card (easy enough to get with a high credit score) or a home equity loan (assuming you don't live with your mom).

I hope you see there is much, much more to your question than what do I do with $55k. there are lots of variables to consider.

 

[rocksolid]

you said a remodeling job, does that mean you work in home improvment? How about using the money as a down payment on a fixer upper and then fixing it and using it for rental income? This way your money is working for you and if you can fix up the house yourself you can save a ton of money that way.

 

[exon]

You must know what you want to do, have a goal.

Or just give me the money, I'll scam you, so that someone else doesn't need. Think.


Bobby told you more than enough.

 

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[maximus20895]

i have money invest in stocks, but they have been doing so poorly in the past year and just started climbing back 4-6 months ago.. but i am still in red..

Damn, what stocks are you investing in. Since I got stocks in April and right now I'm at a 24 percent increase

 

[RealOG]

$55k is a good little investment nut.

Sounds like you have a lot of excitement and drive, but lack direction. At this point, direction is what you should be spending your time on. Perhaps reading some books and searching this forum will help spark your interest in an investment/entreprenuerial direction.

3 weeks is not a very long time and not reasonable to expect a quick return on your money. My advice - park it in a MMA and educate yourself on opportunities out there.

Good luck, your heart is in the right place.

 

[mftps]

Easy:

1. put in the savings account

or

2. throw a dice and invest in something the dice chooses.

It isn't any harder than that.

Everytime you ask anyone else this question you open yourself up for being scammed hard. It is guys like you who are getting scammed. Guys like you are the golden dream of fraudsters. They always take the low hanging fruit. Why work harder than you have too?

If you ask me, then my smartest answer would be: Invest it with me. Why not? I mean, I don't mind getting your money. I have a couple of holes to fill.

savings account is the fastlane?!?! didnt think so!!

think about it, i had enough financial knowledge to get this much cash at my age.. then im gonna be stupid and lose it all to scammers?!?! do you think i would invest in anything, unless i thought it was completely legit?!?

like an offer i got in pm, to invest in a horror movie that the guy was doing!! lol!! not a chance

 

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[mftps]

Your response is a classic example of why the masses don't make money in the stock market. You don't want to invest because you are down. That is classic buy high, sell low. this is how investors make money, by taking advantage of those with this philosophy. while no one actually thinks they have this philosophy, most in reality do. right now is not a great time be in the markets anyways as the overall market is overpriced. but that doesn't mean there aren't bargains to be had. being impatient with your expectations of returns is a sure fire way to lose all of your money.

as an additional note, unless you live with your mom and ride a skateboard to work, $20k is nowhere near enough in liquid investments. if you invest this $55k in real estate expecting a quick return, you will be disappointed. you really need to take an honest assessment of your financial picture. how much do you have invested in stocks already? what is your current income? how secure is this income? (for that matter, how secure is anyone's income), what is your debt? if you have debt, what interest rates are you paying? what is your credit score? I am not asking you to answer these questions on the forum (unless you really want to). you need to analyze these things to determine the best solution for you. for example if your credit score is 450 and you have $32k in debt at 19% interest, you would be foolish to do anything but pay off your debt. if your credit score is 790 and you have 32k in debt at 19% interest, you need to refinance your debt with either a 0% credit card (easy enough to get with a high credit score) or a home equity loan (assuming you don't live with your mom).

I hope you see there is much, much more to your question than what do I do with $55k. there are lots of variables to consider.

I dont want to invest in the market because im not comfortable with it.. i cant control what the stock will do.. you have control in real estate..

My monthly take home is around $7k, my only debt is $120k mortgage at 6%.. my credit score is around 740... my cars were bough for cash and all my credit cards are paid off(i only use them to keep the credit score up)

 

[Rem]

Look for some strong foreign companies to invest in. Something that actually produces something. Forget the stock market unless you just want to play around. I have less than 2% of all my investments in stocks.

Maybe check out Euro Pacific Capital and talk to some of their specialists. Invest in Chinese companies. Maybe even some from Canada. There are all kinds of safe companies. Heck you won't get a huge return but you can make a little from it.

Or just give it to me. :cheers:

 

[mftps]

$55k is a good little investment nut.

Sounds like you have a lot of excitement and drive, but lack direction. At this point, direction is what you should be spending your time on. Perhaps reading some books and searching this forum will help spark your interest in an investment/entreprenuerial direction.

3 weeks is not a very long time and not reasonable to expect a quick return on your money. My advice - park it in a MMA and educate yourself on opportunities out there.

Good luck, your heart is in the right place.

Thanks, i just need some ideas.. something that i havent heard of before.. i dont expect a return in 3 weeks, i just need to invest the money somewhere so i can take it out from under the mattress

what is your top investment yielding you annually?

 

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[Rem]

mftps,

What is it that you do for work if you don't mind me asking??

 

[mftps]

Look for some strong foreign companies to invest in. Something that actually produces something. Forget the stock market unless you just want to play around. I have less than 2% of all my earnings in stocks.

Maybe check out Euro Pacific Capital and talk to some of their specialists. Invest in Chinese companies. Maybe even some from Canada. There are all kinds of safe companies. Heck you won't get a huge return but you can make a little from it.

finally we are getting somewhere.. i will check them out! Thanks

Or just give it to me

hey come over and we can spend it on beer and hookers!

 

[mftps]

mftps,

What is it that you do for work if you don't mind me asking??

Im a general contractor. I work on commercial and residential all over the northwest and hawaii.. mostly new construction, but have done alot of remodels lately..

It is something that i want to get out of, running a company and a couple of crews all over the northwest, doesnt let me spend time with my family..

local construction market has stalled! the best jobs have been on maui in the past 2 years.. so i would spend 6-9 months out of the year there..

 

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[maximus20895]

I dont want to invest in the market because im not comfortable with it.. i cant control what the stock will do.. you have control in real estate..

To me, saying that you don't have control in the stock market, but have control in the real estate is kinda contrary for me. While, neither of these you can control 100% such as the stock market dropping 700 points or the housing market in a massive financial crises, for stocks I can pick common trends.

Trends is where the money is in the stock market. I'll give everyone who reads this a big secrete as to what to invest in the market right now. So listen up. This could make you some BIG money years to come.

Right now, globally some countries are starting to develop a more structured middle class, countries such as Brazil, India and China. Two of these countries (India and China) have a bigger population that the US and the last, Brazil has a bigger land mass.

What comes with a bigger middle class, more money. What is an almost guarentee that people buy with more money food, specifically protien as in cattle, sheep, pigs. How do you raise these animals with agriculture.

Agriculture is or very soon will be the new oil is most places. What I suggest to those who invest in the stock market is invest in agriculture companies as those are the companies who are going to strive very soon as these three countires as well as others grow a bigger and richer middle class.

If you don't believe in this trend that perfectly fine, but trends are how you know what the market is going to do. Trends are a way to tell the future and when you know what a stock will do in the future you better get on board.

As previously stated, in five months I have increased my earnings by almost 24%. That's huge. What is considered a good ROI in terms of the market is 7% I have tripled that. I have also tripled my money in five years by looking at other trends. People this is not something to ignore.

The market is all about telling the future and with trends you have a way of doing just that.

 

[GlobalWealth]

I dont want to invest in the market because im not comfortable with it.. i cant control what the stock will do.. you have control in real estate..

My monthly take home is around $7k, my only debt is $120k mortgage at 6%.. my credit score is around 740... my cars were bough for cash and all my credit cards are paid off(i only use them to keep the credit score up)

I agree that if you aren't comfortable in the stock market stay away. It is a great way to lose a lot of money if you are not good at it. My basic strategy with stock market investing is this;

I buy companies I am familiar with and are market leaders in their field. I buy them when I think they are at a discount to their true value. I determine this my analysis of their financial information. I only buy companies that pay a dividend and have a long history of dividend increases. I don't buy anything with a dividend yielding less than 3.5% or above 10% (with a couple of exceptioins). I automate the dividend reinvestment (DRIP). I sell naked puts on the companies I own or want to own that meet my ownership criteria. Occasionally I sell covered calls on companies I own with a low beta. I buy more shares of the same companies with the premiums, or I get called into the stocks at a price I would have bought them at anyway which reduces my cost basis. I hold less than 30 stocks as I really can't track more than that efffectively. I also buy bond funds when they trade at a discount to NAV and sell when they reach or exceed NAV. I tend to keep around 10% of my portfolio in bonds. Since last September I am up nearly 80%. Of course the past year was an anomaly with the high VIX creating high option prices, but I beat the S&P almost every year.

If you aren't comfortable in valuing companies, this is not for you. If this interests you, I suggest reading everything you can about it, but stick to reliable sources as there are lots of stupid authors who make money writing books but not investing.

You seem to have a pretty good income and you have managed your debt well. Kudos for that. Just make sure you are saving a minimum of 10% of your pay every month and making your money work for you. Even if it is just in an index fund earning 9% that is better than your checking account.

I disagree with your earlier post that you have more control over real estate. I have also invested in real estate over the years. I still have 2 houses (in addition to my residence). I have also owned commercial real estate and raw land. The tax advantages of RE is probably the greatest benefit. Personally, I found it to be too much work with not enough income. Of course I was not a full time RE investor, so the time commitment took away from my other income producing business. I did make money on it both by the tax advantages, cash flow and capital appreciation, but I feel I have much, much more control in the stock market. Plus I can manage my investment portfolio from a hotel in Boston, beach in Miami, or cafe in Warsaw. RE requires your presence and I like to travel.

 

[hatterasguy]

Start building for yourself, or buying rentals for yourself. That way you can stay home.

 

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[kidgas]

mftps,
I would reconsider the market but educate and use puts and collars. You are right that you can't control what a stock will do, but you can control risk.

 

[rcardin]

If I had 55k to put in the game, I would be looking at long term hold RE. Depends on where you are at but 55k would put a down payment on 3 or 4 properties cash flowing at least 200 month each. If you are going real estate the smart money is on long term hold, 15 year note.

 

[rocksolid]

You can always go to vegas and try your hand at Roulette. Black or red, almost a 50/50 chance. Fun and exciting and a chance to see your cash grow. Before everybody jumps on me, it's a joke or is it?:smxB:

 

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[Gamesta400]

How about Tax Lien Certificates? In Colorado they will be paying 10% when my county has their auction next month.

Or if you are willing to hold for 5+ years gold and silver should do quite well. No way we are not going to have some significant inflation by then. I also think oil will have have gone up considerably by then as well. Personaly I think we are basicaly headed for a repeat of the 70s decade :-(