- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Best way to invest $5000?
Posted on 8/27/16 at 8:20 pm to SpanishFortTiger
Posted on 8/27/16 at 8:20 pm to SpanishFortTiger
They look nice. Keep in mind that a current or future spouse may not agree with housing decisions you make.
0
Posted on 8/27/16 at 8:24 pm to SpanishFortTiger
I think Baldwin county and especially Spanish Fort is a solid investment with the continued growth of Mobile. I think a single family home would probably be a better long term investment than a town home, but others can probably weigh in on that better than I. There are a ton of new developments popping up, so who knows what will be available and what prices will be when you're ready to buy. I'd avoid lake forest at all costs, btw.
Posted on 8/27/16 at 8:26 pm to Costanza
Am I wrong in thinking PMI is wasting money?
Posted on 8/27/16 at 8:28 pm to SpanishFortTiger
If you're renting now, some might argue that that is wasting money. Not my view, but I get it. I understand wanting to build equity, and that PMI is temporary. Not ideal, but not a huge deal.
Posted on 8/27/16 at 8:32 pm to Costanza
So best practice is to wait to buy until you have 20%?
Posted on 8/27/16 at 8:38 pm to SpanishFortTiger
Pros and cons to either way. Price it out and see what the actual numbers would be. Might not be a big deal.
Posted on 8/27/16 at 8:47 pm to Costanza
Why do you like renting?
Posted on 8/27/16 at 8:51 pm to SpanishFortTiger
Didn't say that, just that I don't agree with others who post on here that renting is throwing money away. Renting serves a purpose, and is the right choice for many. Flexibility, no maintenance costs, and is cheaper in general. Homeownership obviously has its own benefits: building equity, being able to renovate to your tastes, permanency, etc. Either can be the decision for any number of reasons. Most here would agree that homeownership can be a vehicle to build wealth. Plus, you can always pay off a house.
This post was edited on 8/27/16 at 8:52 pm
Posted on 8/28/16 at 4:35 am to Costanza
Thank you so much 
Posted on 8/28/16 at 7:43 am to ThatsJustTheWave
Keep as an emergency fund especially if you are just starting out.
Posted on 8/28/16 at 8:51 am to ThatsJustTheWave
0/00 split
Posted on 8/28/16 at 3:16 pm to SpanishFortTiger
quote:
Any concern I should have with the market potentially about to slow down? Maybe hold off for a bit or is that naive?
https://awealthofcommonsense.com/2014/02/worlds-worst-market-timer/
If you believe in index investing then it shouldn't matter if you think the market is going to slow down or decline. The assumption is that the stock market will be higher in the long term. So even if you invested right before a crash you will still wind up ahead.
The key is not to panic and sell when markets go south. The biggest gains can happen quickly. If you're on the sideline in cash, you probably will miss out.
The younger you are you'd actually want the stock market to have some crashes/dips or slow downs. This lets you buy more shares per dollar.
Posted on 8/28/16 at 5:26 pm to ThatsJustTheWave
quote:
I have about $5000 that I want to put towards some sort of investment instead of just having it sit there.
What would be the best in terms of long term?
Your best investment would be to increase your income to the point where $5000 isn't that much.
I mean that quite seriously, not joking at all. Amounts like that could be invested in education, marketing opportunities, etc.
Posted on 8/28/16 at 8:26 pm to foshizzle
Any recommended companies to use for a Roth IRA? I'm thinking TD
Posted on 8/28/16 at 8:48 pm to ThatsJustTheWave
Make it Rain!!
BITCH!!
BITCH!!
Posted on 8/28/16 at 8:59 pm to SpanishFortTiger
quote:
Any recommended companies to use for a Roth IRA? I'm thinking TD
V A N G U A R D
TD ameritrade is great for a brokerage account.
Page 2 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News