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Investing a million
Posted on 8/29/20 at 8:34 pm
Posted on 8/29/20 at 8:34 pm
We have no debt except a 0% interest car loan. I am retired and my wife works a job she enjoys. We have a little bit in stock ($30k).
Bonds? Vacation rental? Trying to come up with legitimate investment ideas because my wife wants to sell a real estate tract but her sister's husband is unsure about it because he's not sure if there's a better place to put their portion. Both sisters would get about 1.3.
Bonds? Vacation rental? Trying to come up with legitimate investment ideas because my wife wants to sell a real estate tract but her sister's husband is unsure about it because he's not sure if there's a better place to put their portion. Both sisters would get about 1.3.
This post was edited on 8/29/20 at 8:38 pm
8
Posted on 8/29/20 at 8:44 pm to El Segundo Guy
Keep it in real estate and try to do a 1031 exchange to avoid paying taxes?
Look for a triple net deal where you don’t do anything maybe?
Look for a triple net deal where you don’t do anything maybe?
Posted on 8/29/20 at 8:50 pm to eng08
I really don't know what either of those things are. I guess I need some advice on here and do some research on my own.
Posted on 8/29/20 at 8:55 pm to El Segundo Guy
How much is the real estate currently appreciating?
What would you want out of an investment? Safety, cash flow, appreciation?
What would you want out of an investment? Safety, cash flow, appreciation?
Posted on 8/29/20 at 8:55 pm to El Segundo Guy
My responses were based on the assumption you don’t really need these funds since you are retired and debt free.
1031 is tax program, from my limited understanding you buy a higher value property vs the one that was sold and can avoid capital gains taxes.
Triple net lease - research it, lower potential return but less work (like no work).
1031 is tax program, from my limited understanding you buy a higher value property vs the one that was sold and can avoid capital gains taxes.
Triple net lease - research it, lower potential return but less work (like no work).
Posted on 8/29/20 at 9:09 pm to ItzMe1972
We don't need anything. I guess we could build a house and chill or something. We have talked about moving to the mountains at some point but we are stuck in Oklahoma for 2.5 years. At least I have legal access to weed.
It's a real estate tract in California. It will always be valuable but I worry about that state going forward.
It's a real estate tract in California. It will always be valuable but I worry about that state going forward.
Posted on 8/29/20 at 9:11 pm to El Segundo Guy
Hooked and blow would be a solid idea but it's out because I'd be divorced.
Posted on 8/29/20 at 11:13 pm to El Segundo Guy
I wish I had your problem
Posted on 8/29/20 at 11:36 pm to ItzMe1972
quote:
What would you want out of an investment? Safety, cash flow, appreciation?
Honestly, I'm not entirely sure. We really don't need anything for the foreseeable future. I came looking for suggestions but I guess I'm just getting downvotes.
Posted on 8/30/20 at 6:25 am to El Segundo Guy
Put in an ETF and just collect that annual 10 percent and forget it.
Posted on 8/30/20 at 7:05 am to El Segundo Guy
Yea any time you mention large amounts of money here you will get boat loads of down votes.
Posted on 8/30/20 at 7:59 am to tigersfan1989
quote:Or maybe because the OP has not given enough information for sound advice.
Yea any time you mention large amounts of money here you will get boat loads of down votes.
He's retired, but they only have 30k in stocks? What age? What's their current income? Tax situation? Hell he says doesn't have a goal for that investment.
Just need to go talk to a financial advisor.
Posted on 8/30/20 at 9:49 am to El Segundo Guy
Where is the Tract they want to sell? Size? Looking for acreage
Posted on 8/30/20 at 10:17 am to castorinho
I'm 45. My wife will be 40 in a few months. I have a step daughter that is a junior hence we cannot move for 2 years.
I am retired from the military. While I was in, I would use re-enlistment bonuses and deployment money on starting 2 small businesses instead of an Escalade or strippers. I've since sold the businesses. My wife is an ICU RN with over 15 years experience.
Everything I have I have worked hard for with the exception of my wife's inheritance. We live upper middle class with zero bills. The only thing that we lack is 401k/stocks because of my military retirement and we have passive income from California and Texas property through her family.
I am retired from the military. While I was in, I would use re-enlistment bonuses and deployment money on starting 2 small businesses instead of an Escalade or strippers. I've since sold the businesses. My wife is an ICU RN with over 15 years experience.
Everything I have I have worked hard for with the exception of my wife's inheritance. We live upper middle class with zero bills. The only thing that we lack is 401k/stocks because of my military retirement and we have passive income from California and Texas property through her family.
This post was edited on 8/30/20 at 10:19 am
Posted on 8/30/20 at 10:22 am to bamaswallows
quote:
Where is the Tract they want to sell? Size? Looking for acreage
The stuff my wife wants to sell is commercial lease in California that she has a 25% ownership. Valid at over $6 million.
She has a 7% ownership in 2 sections outside of Odessa they are getting ready to sell. Land studies and all bullshite. 1640 acres with mineral rights.
This post was edited on 8/30/20 at 10:35 am
Posted on 8/30/20 at 10:29 am to El Segundo Guy
Lease the land. Don’t sell it.
Posted on 8/30/20 at 10:38 am to Dodd
The California stuff is leased.
The 2 sections in Texas are right on the interstate on the city limits. Her great great whatever won the 2 sections in a poker game over 100 years ago.
The 2 sections in Texas are right on the interstate on the city limits. Her great great whatever won the 2 sections in a poker game over 100 years ago.
Posted on 8/30/20 at 10:55 am to El Segundo Guy
congrats on your situation, foresight and good fortune.
there are multiple threads here with investing ideas in equities, real estate, bonds, crypto, commodities and nearly everything else...do some research
there are multiple threads here with investing ideas in equities, real estate, bonds, crypto, commodities and nearly everything else...do some research
Posted on 8/30/20 at 11:01 am to cgrand
Thanks. The only reason I was asking was because I feel that if it sells, we have a responsibility to take care of it because we didn't work for it ourselves.
Posted on 8/30/20 at 11:08 am to El Segundo Guy
you could always take the money and:
-enjoy it by going on adventures
-do some good with it in your community
-invest in another small business
-buy a parcel of land in a place you want to retire to
the “market” is not your only option
-enjoy it by going on adventures
-do some good with it in your community
-invest in another small business
-buy a parcel of land in a place you want to retire to
the “market” is not your only option
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