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Started By
Message
What to do with cash right now?
Posted on 5/15/21 at 9:14 am
Posted on 5/15/21 at 9:14 am
Scared to make any move but know inflation is killing my savings which is earning less than 1%.
Afraid market is at a top and real estate is going over heated…… Bitcoin, not about to touch that right now!
What to do to get some returns????
Afraid market is at a top and real estate is going over heated…… Bitcoin, not about to touch that right now!
What to do to get some returns????
18
Posted on 5/15/21 at 9:17 am to NAsh-vegas Tigah
technically you’d be buying the dip on BTC but tbh what you want to do in that space is diversify across a few different crypto projects
You got a house?
You got a house?
Posted on 5/15/21 at 9:19 am to NAsh-vegas Tigah
Not much to choose from.
I manage my Mother’s account.
I keep 5 years worth of her expenses in cash.
Seems like a lot of money to be sitting idle, but she will need that money in the next 5 years.
The younger folks, say less than 60, probably can assume more equity risk.
BDCs and preferred ETFs are possibilities.
I manage my Mother’s account.
I keep 5 years worth of her expenses in cash.
Seems like a lot of money to be sitting idle, but she will need that money in the next 5 years.
The younger folks, say less than 60, probably can assume more equity risk.
BDCs and preferred ETFs are possibilities.
Posted on 5/15/21 at 9:26 am to NAsh-vegas Tigah
You’d be a fool not to put some of it in BTC.
Posted on 5/15/21 at 9:29 am to NAsh-vegas Tigah
Tawnf baw look up my dd thread
Posted on 5/15/21 at 10:12 am to NAsh-vegas Tigah
Bitcoin - If you are holding for more than 5 years who cares what it does right now? People don't understand the economics of bitcoin.
Real Estate - I am moving back into real estate. However, I am not buying normal single family homes as the ROI is not there anymore. I am buying and or developing for short term rental platforms (airbnb). The ROI on a well researched property is astronomical.
I don't have the contract yet, but my latest deal is an abandoned retail building close to a downtown area.
I am buying it for $80,000 and will invest $40,000 into making it short term airbnb property.
It will rent for $150 a night and I am expecting 50%- 70% occupancy.
Monthly payment with taxes and insurance - $750
Power Bill - $125
Water - $50
Internet - $75
Yard - $50 (basically just weed eating, no yard)
Airbnb items (coffee, etc) - $100
$2,250 Rev
$1,150 expenses
After Airbnb fees I think it will cashflow about $600 - $1,000 a month.
Equity will have increased about $40,000 when done with renovations.
This is the only real estate model I have found that works for me during this time of the real estate boom.
If this comes to fruition like I think it will, I am going to scale this into various locations where the numbers work.
Bottom line, get the frick out of cash.
Real Estate - I am moving back into real estate. However, I am not buying normal single family homes as the ROI is not there anymore. I am buying and or developing for short term rental platforms (airbnb). The ROI on a well researched property is astronomical.
I don't have the contract yet, but my latest deal is an abandoned retail building close to a downtown area.
I am buying it for $80,000 and will invest $40,000 into making it short term airbnb property.
It will rent for $150 a night and I am expecting 50%- 70% occupancy.
Monthly payment with taxes and insurance - $750
Power Bill - $125
Water - $50
Internet - $75
Yard - $50 (basically just weed eating, no yard)
Airbnb items (coffee, etc) - $100
$2,250 Rev
$1,150 expenses
After Airbnb fees I think it will cashflow about $600 - $1,000 a month.
Equity will have increased about $40,000 when done with renovations.
This is the only real estate model I have found that works for me during this time of the real estate boom.
If this comes to fruition like I think it will, I am going to scale this into various locations where the numbers work.
Bottom line, get the frick out of cash.
This post was edited on 5/15/21 at 10:14 am
Posted on 5/15/21 at 10:38 am to NAsh-vegas Tigah
quote:Bitcoin is over 30% off of highs. Now is actually a great time to dip in
Bitcoin, not about to touch that right now!
Posted on 5/15/21 at 10:47 am to NAsh-vegas Tigah
I am buying property out west of Houston with water frontage and putting short term AirBnB cabins on it. It's within an hour of Houston, so I figure I can keep them rented pretty well, and with 5 cabins they only need to average renting 5 days a month for me to be at break even, and at 50% I am making a really nice return. As Houston moves further west and inflation kicks in, that property value will only go up.
Posted on 5/15/21 at 11:36 am to NAsh-vegas Tigah
STLHF and NVVE in a high risk bucket.
Posted on 5/15/21 at 11:49 am to NAsh-vegas Tigah
Put it in Voyager as USDC and get 9% monthly interest.
Profit
Profit
Posted on 5/15/21 at 1:24 pm to NAsh-vegas Tigah
I'm mostly in stable coins right now
10-12% yield depending on where you look
10-12% yield depending on where you look
Posted on 5/15/21 at 6:47 pm to NAsh-vegas Tigah
YAYO
HKRS
HKRS
Posted on 5/15/21 at 6:55 pm to NAsh-vegas Tigah
If you have some relatively high interest debt, you could retire that.
Posted on 5/16/21 at 2:59 pm to NAsh-vegas Tigah
I’m trying to figure that out as well.
We sold one of our rentals a year ago for a 50% gain and used that to pay off our other rental...but now have too much cash. Real estate prices are too rich for me right now to reinvest.
I’m looking to park excess cash (above a few.months expenses) in a mix of TIPs, Commodity Index Fund and smaller amounts into phys gold and crypto (BTC/ETH). Maybe a value fund as well.
The goal is to still have cash if a bigger opp presents itself.
I’d love to hear any critiques or ideas. Note this is for cash/purchasing power protection...not retirement.
We sold one of our rentals a year ago for a 50% gain and used that to pay off our other rental...but now have too much cash. Real estate prices are too rich for me right now to reinvest.
I’m looking to park excess cash (above a few.months expenses) in a mix of TIPs, Commodity Index Fund and smaller amounts into phys gold and crypto (BTC/ETH). Maybe a value fund as well.
The goal is to still have cash if a bigger opp presents itself.
I’d love to hear any critiques or ideas. Note this is for cash/purchasing power protection...not retirement.
This post was edited on 5/16/21 at 3:21 pm
Posted on 5/16/21 at 6:25 pm to NAsh-vegas Tigah
AMC for the swing trade
Posted on 5/16/21 at 10:49 pm to NAsh-vegas Tigah
Long value, short growth (worked brilliantly in 2000; didn’t work as well during GFC).
If you think the US is headed for further inflation, could consider a safe haven currency like the CHF.
Puts or, for less risk, bear put spreads.
I also like GBP denominated equity at the moment.
If you think the US is headed for further inflation, could consider a safe haven currency like the CHF.
Puts or, for less risk, bear put spreads.
I also like GBP denominated equity at the moment.
Posted on 5/17/21 at 1:00 pm to NAsh-vegas Tigah
Buy SQQQ
Posted on 5/17/21 at 1:47 pm to NAsh-vegas Tigah
Buy 2x4's
Posted on 5/26/21 at 6:36 pm to NAsh-vegas Tigah
I’d say do the opposite of what everyone says. Smart money dum money say you can’t be in cash at the moment.
I’d be in cash and wait for the next opportunity that convicts your beliefs to put money into it.
I’d be in cash and wait for the next opportunity that convicts your beliefs to put money into it.
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