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InvisibleBigPapaMushroom
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Re: Investing $10,000 [Re: koods]
    #26936086 - 09/15/20 12:44 AM (8 days, 11 hours ago)

Quote:

koods said:
Really the best investment would be real estate, but 10k isn’t really enough.




Not quite the same, but REITs and RETs are a thing. Many offer high dividends as well.


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InvisibleKelazam
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Re: Investing $10,000 [Re: koods]
    #26936097 - 09/15/20 12:55 AM (8 days, 11 hours ago)

How do I get more then


--------------------
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Invisiblebudmanman
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Re: Investing $10,000 [Re: Ice9]
    #26936630 - 09/15/20 11:11 AM (8 days, 1 hour ago)

Quote:

Ice9 said:
Owner/occupant is 3% down, buy a distressed are but close to an up and comer.  May need good credit and get a business loan to fix place up nice, you can easily rent 2 units, pay your rent from the rent you collect and put money in escrow.  Trust me, this is my next purchase I've done my homework.

I said 3% down, that is erroneous it is 3.5% down.





20% down and there is no pmi that's what I out down on my home which I also use as rentals for my spare rooms.


--------------------
Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal.

And I am mentally unstable.


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OfflineIce9
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Re: Investing $10,000 [Re: budmanman]
    #26936668 - 09/15/20 11:31 AM (8 days, 49 minutes ago)

PMI, if set properly in a multi family home is covered by the other renters rental amount.  Now it increases payments, somewhat significantly, but if you can pass it off to someone else it really is much less of a concern.  Also, insurance on a commercial property is different from a single family.


--------------------
Regarding Benzodiaepines: "They are a recreational drug, and being one doesn't exclude it's potential as a medicine." Yukon Cornelius


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InvisiblePsicomvb
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Re: Investing $10,000 [Re: Kelazam]
    #26936678 - 09/15/20 11:36 AM (8 days, 44 minutes ago)

Start a small scale gourmet mushroom farm / large scale cubensis farm


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OfflineBrian Jones
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Re: Investing $10,000 [Re: Asante] * 1
    #26936700 - 09/15/20 11:51 AM (8 days, 29 minutes ago)

Quote:

Asante said:
S&P 500



Quote:

New York (CNN Business)The world's most well-known investor says it's hard for him to do better than the broader market. So should you even try?
Warren Buffett told CNBC on Monday that he's had a "tough time" trying to beat the S&P 500. The Oracle of Omaha, who just released his annual Berkshire Hathaway (BRKB) shareholder letter, suggested that the index is still the best way to invest in the stock market for most people. He even joked that most of the time he doesn't know how to pick individual stocks.
Buffett told the network that his two investing gurus, Ted Weschler and Todd Combs, have each underperformed the S&P 500 during the past few years by a "tiny bit." Even so, he added that their stock picks have done better than his.

Of course, the long-term track record of the world's third-richest man says otherwise. But he has a point.
Taking less risk
It seems silly for investors to try picking and choosing the best stocks — the market, writ large, historically tends to go higher. Just ride the wave, and you'll do fine.
But why the S&P 500 and not the Dow Jones Industrial Average? The S&P 500 may not be as famous as the Dow. But this blue chip index has exposure to nearly all of America's most important companies, and it ranks them by how large they are.
That makes it a much better proxy for the US economy than the Dow, which has only 30 stocks in it and weighs them by their stock prices.







I wouldn't throw $10,000 into an index 500 fund right now. Your chances of losing 3 or 4 thousand would be greater than gaining it in the short term. I would put it in a few hundred a month for dollar cost averaging.


--------------------
"The Rolling Stones will break up over Brian Jones' dead body"    John Lennon

I don't want no commies in my car. No Christians either.


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OnlineAsanteA
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Re: Investing $10,000 [Re: Brian Jones]
    #26936731 - 09/15/20 12:05 PM (8 days, 15 minutes ago)

Its a good idea to ease in, but so far the S&P 500 has historically been a good place to ease into.


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OnlineAsanteA
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Re: Investing $10,000 [Re: Asante]
    #26936756 - 09/15/20 12:22 PM (7 days, 23 hours ago)

I'm a homeowner in a cold climate so I'd pump the 10K into insulation of my home, which earns itself back by spending less on the heating bill.

I think its a bit too early for solar panels as I expect the cost factor of that to drop dramatically in the coming few years.

Heat insulation.


--------------------
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Invisiblebudmanman
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Re: Investing $10,000 [Re: Asante]
    #26937004 - 09/15/20 02:50 PM (7 days, 21 hours ago)

Forget insulation get a heat pump


--------------------
Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal.

And I am mentally unstable.


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Onlinechristopera
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Re: Investing $10,000 [Re: budmanman] * 3
    #26937028 - 09/15/20 03:05 PM (7 days, 21 hours ago)

Fuck heat pumps, get a penis pump. You”ll have $9,975 left, and a lengthy (ha) porn career ahead.


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OfflineKyngwhatt
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Re: Investing $10,000 [Re: Ice9] * 1
    #26937104 - 09/15/20 03:42 PM (7 days, 20 hours ago)

I have been wondering if this would be a good time to invest Its really scary and i'm not sure if the economy will be doing well any time soon.


--------------------
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Invisiblebudmanman
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Re: Investing $10,000 [Re: Kyngwhatt]
    #26937554 - 09/15/20 06:56 PM (7 days, 17 hours ago)

The economy is actually holding up quite well, unemployment rate is about 8%

I mean just look for yourself.

Trump knows how to run a country like a business.

I took a job because there was no extra unemployment benefit lol otherwise I woulda rode yalls tax dollars to the moon.

https://www.bls.gov/charts/employment-situation/civilian-unemployment-rate.htm


--------------------
Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal.

And I am mentally unstable.


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OnlinePatlal
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Re: Investing $10,000 [Re: Asante] * 1
    #26937610 - 09/15/20 07:18 PM (7 days, 17 hours ago)

Quote:

Asante said:
S&P 500



Quote:

New York (CNN Business)The world's most well-known investor says it's hard for him to do better than the broader market. So should you even try?
Warren Buffett told CNBC on Monday that he's had a "tough time" trying to beat the S&P 500. The Oracle of Omaha, who just released his annual Berkshire Hathaway (BRKB) shareholder letter, suggested that the index is still the best way to invest in the stock market for most people. He even joked that most of the time he doesn't know how to pick individual stocks.
Buffett told the network that his two investing gurus, Ted Weschler and Todd Combs, have each underperformed the S&P 500 during the past few years by a "tiny bit." Even so, he added that their stock picks have done better than his.

Of course, the long-term track record of the world's third-richest man says otherwise. But he has a point.
Taking less risk
It seems silly for investors to try picking and choosing the best stocks — the market, writ large, historically tends to go higher. Just ride the wave, and you'll do fine.
But why the S&P 500 and not the Dow Jones Industrial Average? The S&P 500 may not be as famous as the Dow. But this blue chip index has exposure to nearly all of America's most important companies, and it ranks them by how large they are.
That makes it a much better proxy for the US economy than the Dow, which has only 30 stocks in it and weighs them by their stock prices.








Are you crazy.  Investing in the US economy is a guaranteed way to lose all your money and somehow owe some to somebody.


--------------------


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Invisiblebudmanman
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Re: Investing $10,000 [Re: Patlal]
    #26937674 - 09/15/20 07:50 PM (7 days, 16 hours ago)

Idk dude anyone who bought in and waited at any point in history made money



--------------------
Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal.

And I am mentally unstable.


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InvisibleAhab McBathsalts
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Re: Investing $10,000 [Re: budmanman]
    #26937683 - 09/15/20 07:53 PM (7 days, 16 hours ago)

Quote:

Well meet Bob – the World’s Worst Market Timer. Bob began his working career in 1970 at age 22 and was a diligent saver and planner.


His plan was to save $2,000 a year during the 1970’s, then increase his savings by $2,000 each decade. In other words $2,000/year in the 70’s, $4,000/yr in the 80’s, $6,000/year in the 90’s… you get the picture.

Bob started in 1970 with $2,000, added $2,000 in ’71 and ’72, then decided to take the plunge and invest in the S&P 500 at the end of 1972. (Time out:  there were no index funds in 1972, but come along with me for illustration purposes).

Now in 1973 – 74, the S&P dropped by nearly 50%. Bob had invested his life savings at the peak, just before it fell in half! Bob was bummed, but Bob had a plan and he was sticking to it. You see Bob never sold his shares. He didn’t want to be wrong twice by investing at the peak and then selling when prices were low. Smart move Bob!

So Bob kept saving $2k/year in the 70’s and then $4k/yr in the 80’s. But he was feeling the sting of his last investment and did not feel comfortable adding to his fund until he had seen the markets rise a fair amount. In August of 1987 Bob decided to put 15 years of his savings to work. Seriously Bob?

This time the market fell more than 30% right after Bob invested. Bob, amazed at his investing prowess, did not sell.

After the 1987 crash, Bob was really planning to wait it out. In the late 1990s everything was on fire. The internet was unbelievable new technology and stocks were flying high. By 1999 Bob had accumulated $68,000 from saving each year. A firm believer that the Y2K bug was boloney, Bob invested his cash in December 1999 just before a 50% decline that lasted until 2002.

The next buy decision in October 2007 would be one more big investment before he would retire. He had saved up $64,000 since 2000, deciding to invest this right before the financial crisis that saw Bob experience another 50% decline. Monkey’s throwing darts were probably better at investing than Bob.

Distraught and disheartened, Bob continued to save each year and accumulated another $40k. He kept his investments in the market until he retired at the end of 2013.

Total Invested $184,000, Total Return is 1.1M





Even if you buy at the absolute worse time and hold you will be ok. It doesn't count if you buy a handful of shit penny stocks or broadcomm or tesla though.


--------------------
"Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."


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Offlinespirit_shadow
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Re: Investing $10,000 [Re: Ahab McBathsalts]
    #26937918 - 09/15/20 09:56 PM (7 days, 14 hours ago)

Toilet paper.


--------------------
kaleidoscope eyes, watch as I dematerialize...(this account is automated, all posts related to illegal activities or advice thereof are strictly from numerous online sites and are for informational purposes only)- Circa 2011
Ban lotto


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InvisibleKelazam
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Registered: 05/18/17
Posts: 988
Re: Investing $10,000 [Re: spirit_shadow]
    #26937945 - 09/15/20 10:15 PM (7 days, 14 hours ago)

Wouldn't the stock prices stay pretty much the same though?


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OfflineGorlax
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Re: Investing $10,000 [Re: Kelazam]
    #26938105 - 09/15/20 11:57 PM (7 days, 12 hours ago)

I knew a huge real estate guy who had the market cornered here. He was a cool ass dude who smoked pot. He had tons of property then the 2008 financial crisis hit and he was working for UPS. He still had the million dollar home but its been up for sale since then. He still has it but had to sell everything off. Boat, cabin, and tons of toys (motorcycles and dirt bikes) I crashed one into a mail box lol..


The fact he still has the house says a lot about owning property. I own a pretty good plot of land but I get tempted to sell every time I look up the price.


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Invisiblebudmanman
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Re: Investing $10,000 [Re: Gorlax]
    #26938125 - 09/16/20 12:10 AM (7 days, 12 hours ago)

Property might drop in value at points, but the trend is always up. There is only so much land available on Earth.


--------------------
Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal.

And I am mentally unstable.


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OfflineIce9
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Re: Investing $10,000 [Re: budmanman]
    #26938158 - 09/16/20 12:45 AM (7 days, 11 hours ago)

The housing crisis was brutal, but a lot of people in similar boats (owned numerous rental proerties etc) failed to accurately assess the cash they would need on hand in a worst case scenario(the banks did too) so losing everything was more than partly his fault.  My friends aunt owned about 10 multi-family homes and had an escrow with enough cash to see her through the crisis and benefit from the rebound. She sold out to a big company bought all 10 properties for 5.75M.


--------------------
Regarding Benzodiaepines: "They are a recreational drug, and being one doesn't exclude it's potential as a medicine." Yukon Cornelius


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