OK all you geniuses

Discussion in 'Stock Market' started by Gadawg73, Dec 6, 2010.

  1. Gadawg73
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    Gadawg73 Gold Member

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    I have 250K extra $ to invest and have enough property. I want to retire in 9 years at age 65.
    Where do I put it other than bonds which I have the same amount in now from about 8 years ago?They have near peaked and do not want to ut $ there now other than dividends re-invested.
    Where?
     
  2. Skull Pilot
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    Skull Pilot Platinum Member

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    Consider a structured settlement vehicle.

    basically what you are doing is buying an annuity from another person who doesn't want to wait for the pay out. For example some guy has an annuity with 100K left to collect over 10 years but he wants the money now. He sells for something less than 100K which is the actual cash value in the annuity today. You are guaranteed the interest rate of the original annuity. You then wait and collect the full 100K in 10 years

    Depending on the time frame, you can be guaranteed a 5-8% return. if you want to retire in less than 10 years you don't want to add too much extra risk to your portfolio and in this economy a guaranteed 5-8% is a pretty good return.
     
  3. Bern80
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    Bern80 Gold Member

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    Precious metals? Check out the silver and gold thread started in this sub-forum.
     
  4. Truthmatters
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    Truthmatters BANNED

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    More property that you can rent for income
     
  5. Granny
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    Granny Gold Member

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    Don't know what to tell you to do about investing - but if you retire in 9 years at age 65 you are likely going to take an early retirement with less SS dollars. That's not based on what's being talked about today - these age guidelines have been in effect. It's been a couple years, but I think those who were born in 1943 are the last to have the lower age requirements.
     
  6. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    If you have the stomach for it..stocks are a good bet. My picks this year were Ford, Citibank, United Steel, and General Electric.

    I made a nice little profit and redid my kitchen and bathroom.

    But do some research before investing. Make a dummy portfolio for a month or two and see how you do.

    I would say focus on Construction and Energy companies.
     
  7. Truthmatters
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    Truthmatters BANNED

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    I love rental property.

    If you shop arround you can buy good solid homes to buy and rent at decent rates.

    You can be a good landlord and give a family a decent place to live at a fair rate while getting money for just being decent to people.

    Make sure you make enough to fix what needs fixing and can rent it a little under market.

    I have helped many people including family members rent at below market.

    One family member was able to buy their own home because I rented to them undermarket.
     
  8. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    My cousin became a multi-millionare doing this..

    Not bad for a guy that looks like Dan Haggerty and buys vintage firetrucks to have "water wars" with....:lol:
     
  9. Bern80
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    Bern80 Gold Member

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    Hey truth. This is something I really want to get into. Just out of curiousity what is the max number of units per property that you own?
     
  10. Truthmatters
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    I have no multiplexes.

    If you can find one at a good price that is well kept go for it.

    They are harder to shop for and harder to resale.
     

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