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Started By
Message
re: About to get somewhat large amount of money and would like advice my current plans for it
Posted on 9/17/23 at 1:24 pm to BullredsRus
Posted on 9/17/23 at 1:24 pm to BullredsRus
quote:
I feel like I saw something about a fund listed here that pays 9-11 percent pretty consistently but I can’t seem to find it now.
Nahhh, that's was all of us laughing at rocket31 claiming that with celsius. Get your 4.5-5% and enjoy your life.
0
Posted on 9/18/23 at 1:32 pm to Drizzt
quote:
I put $50,000 last year into an apartment complex with this group.
LINK /
It’s a great tax savings vehicle with a solid return. My CPA said it saved me $10,000 on my taxes this year with the K1 depreciation. The head guy Omar is always available to talk and explain projects. You can 1031 any investment if you talk to them ahead of time.
Would love to talk to you about this. I have some funds that I can contribute but have hesitated investing with these type of companies, as I never felt comfortable. Can I email you some questions that I have?
Posted on 9/18/23 at 4:35 pm to BullredsRus
quote:
I just want it to remain liquid in case a great deal comes along on either another rental or even a business to buy into. But I also don’t want it just sitting in the bank.
Unlike all the posters saying invest in CDs you should invest in Treasuries to avoid paying state income tax on the income as you are still working + have other passive income. You can build a ladder or invest in an ETF that holds 3 month to 2-year T's or buy a treasury money market fund for quick access to funds/no early withdrawal fees.
Posted on 9/18/23 at 8:40 pm to tirebiter
I like the idea of that. Do you have any personal recommendations of treasury etf’s and or treasury money market funds worth looking at right now?
Posted on 9/19/23 at 9:06 am to Drizzt
quote:
Drizzt
quote:
I put $50,000 last year into an apartment complex with this group.
How is your experience with Omar's group? I have contemplated doing something like this but am naive and a little wary about laying down some serious change into something like this?
Posted on 9/19/23 at 9:22 am to BullredsRus
Definitely not #2. Your interest rate on your mortgage is great. Take advantage of it.
Posted on 9/19/23 at 11:07 am to gpburdell
quote:
If you are unsure, just stick it in something earning closer to 5% and wait and see what happens.
This. Low-risk money markets are running 5%.
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