Investments

**allbaugh_04** · 11-15-2009, 05:23 PM

What do you all invest in, if at all?

I'm gonna start out with real estate and see how I fare. Curious if anyone is into this?

**35th-ANV-SS** · 11-15-2009, 05:28 PM

Originally Posted by allbaugh_04

What do you all invest in, if at all?

I'm gonna start out with real estate and see how I fare. Curious if anyone is into this?

Only thing I have going for myself is 401K through work, 2 Roth IRAs, and a permanent life insurance policy I can withdraw from interest free when I retire. Other than that, just a long-term CD, which is VERY conservative.

IMO, real estate is something that will always fare well in the long run. Especially if you get some in the right location. Real estate is all about location.

**Modulistic** · 11-15-2009, 05:28 PM

goldcorp GG
barclary silver etf SLV
Yamana gold AUY
Hecla mines HL
gold miners ETF GDX

I sold out of everything last week though, because everything is at an all time high. Ill buy back in later because Im expecting a drop.

**86 IROC-Z** · 11-15-2009, 05:28 PM

I would like to invest in real estate once I have the capital to.

Pity that I can't currently, seems to be perfect conditions for it.

**toi tyme** · 11-15-2009, 05:28 PM

School..... and not much.

**86 IROC-Z** · 11-15-2009, 05:29 PM

Originally Posted by Modulistic

goldcorp GG
barclary silver etf SLV
Yamana gold AUY
Hecla mines HL
gold miners ETF GDX

I sold out of everything last week though, because everything is at an all time high. Ill buy back in later because Im expecting a drop.

Is gold a strong industry to invest into?

**Modulistic** · 11-15-2009, 05:30 PM

Real estate is a bad investment IMO.

**toi tyme** · 11-15-2009, 05:30 PM

Originally Posted by 86 IROC-Z

Four posts!!!!

huh?

**blackcar** · 11-15-2009, 05:36 PM

Real estate for me (rents houses are a big hit here) and whats left of a 401k form an old job.

Anybody looking to buy or sell real estate can contact me. I will give you any pointers I can or hook you up with someone in your area that would have more knowldge than myself.

If you let me refer you to an agent in your area I will research and find the one I think is best qualifed for you. In return the agent pays me for a customer.

**blackcar** · 11-15-2009, 05:37 PM

Originally Posted by Modulistic

Real estate is a bad investment IMO.

Why is that?

**Y2KPewterSS** · 11-15-2009, 05:39 PM

Originally Posted by 86 IROC-Z

Is gold a strong industry to invest into?

Gold is very strong right now.

**Hi-Po** · 11-15-2009, 05:41 PM

ROTH IRA is all I have currently.

**1MileCrash** · 11-15-2009, 05:48 PM

i wish i had the cash to get in on precious metals...gold, silver, platinum...all are good.

i've got a rental house. if you have the time and patience it's fine...but otherwise i wouldn't recommend it. it sucks...i've had some shitty renters that didn't pay any bills and now the agencies are charging me for it as i'm the landholder which is bullshit since i know where they live and they refuse to take the addresses from me...they require that the renters do a change of address form...but they won't. so i'll be sueing them and in the end not getting my money anyway. i'll be out over $400.00

in general land is good to invest in...afterall...they aren't making any more of it.

**Smittro** · 11-15-2009, 05:49 PM

Only real estate. 147 acres with house and the family busness, shop in the country, small 4 acre residential zoned area in another area, and 1 acre (2 lots) with our home in the city.. We bank every dime out side of bills which are all utillities and taxes.. Plus revenue from a natural gas co. whom pays for use of some of our ground for a gas well..

**blackcar** · 11-15-2009, 05:56 PM

Originally Posted by 1MileCrash

i wish i had the cash to get in on precious metals...gold, silver, platinum...all are good.

i've got a rental house. if you have the time and patience it's fine...but otherwise i wouldn't recommend it. it sucks...i've had some shitty renters that didn't pay any bills and now the agencies are charging me for it as i'm the landholder which is bullshit since i know where they live and they refuse to take the addresses from me...they require that the renters do a change of address form...but they won't. so i'll be sueing them and in the end not getting my money anyway. i'll be out over $400.00

in general land is good to invest in...afterall...they aren't making any more of it.

Besides buying and selling real estate, I'm a Property Manager. I manage about 150 units for other owners. For a small fee of course. Having seen all sides of the coin (rented, owned rent house, managed rent house) you are almost always better hireing a property manager. I save my clients more money than they pay me. It is a win win.

**1MileCrash** · 11-15-2009, 05:59 PM

Originally Posted by blackcar

Besides buying and selling real estate, I'm a Property Manager. I manage about 150 units for other owners. For a small fee of course. Having seen all sides of the coin (rented, owned rent house, managed rent house) you are almost always better hireing a property manager. I save my clients more money than they pay me. It is a win win.

yeah i don't doubt that for the bigger guys out there that it works out well. for me with only one rental house with 2 units (one of which i live in) a property manager would be pretty unpractical. i'd by paying out way more than i'd be taking in as i still have a mortgage out yet.

another good thing to get into is the renewable energy sector.

**snaggeltooth** · 11-15-2009, 06:10 PM

Man already got the 2026

**86 IROC-Z** · 11-15-2009, 06:10 PM

Originally Posted by snaggeltooth

Man already got the 2026

no joke

**Modulistic** · 11-15-2009, 06:11 PM

Originally Posted by blackcar

Why is that?

Between 1.15% and 2.2% annually, after inflation doesn't really blow my skirt up. When you take out a loan, you are buying one house for yourself and 2.5 houses for a banker, which makes the investment even shittier.

**blackcar** · 11-15-2009, 06:12 PM

Originally Posted by 1MileCrash

yeah i don't doubt that for the bigger guys out there that it works out well. for me with only one rental house with 2 units (one of which i live in) a property manager would be pretty unpractical. i'd by paying out way more than i'd be taking in as i still have a mortgage out yet.

another good thing to get into is the renewable energy sector.

I manage quite a few homes where the owner only has one rent house. In most cases I charge 10% of the money we collect. If we get a dead beat in there that dosn't want to pay his rent I don't get paid so I try very hard to screen for good tenants. And if I do have to kick 'em out. I do my best to collect past due rent, damages, cleaning fees, and court cost with intrest. Our local District Court knows me on a first name basis.

Funny story. Had a guy who was questionable. I wasn't sure if he was gonna be good or bad. The owner needed a tenant, so with approval I put him in. To shorten the story up some. He could not afford to pay his rent which was $550/month. I won a judgement of a little over $2000. Now i have his paycheck garnished. His job sends me on average $250/week. We couldn't afford to pay $550/month while in the house. But now he is paying over $1000/month and had to find some where else to live.

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