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Message
re: What to do with 250K currently sitting in savings?
Posted on 4/12/11 at 9:53 am to kfizzle85
Posted on 4/12/11 at 9:53 am to kfizzle85
quote:
(What did the advisor advise)
He actually advised me to put it into real estate since I don't need to touch it for 15 to 20 years. In our market, I can buy 2-3 nice rental properties on the cheap right now.
1
Posted on 4/12/11 at 10:16 am to bopossum
Damn son, where can you buy a nice rental property for $80k?
Posted on 4/12/11 at 10:28 am to bopossum
20 year inflation indexed treasuries are selling at 1.5% interest.
I'd go with that. Doesn't seem like a lot of interest, but its inflation protected.
I'd go with that. Doesn't seem like a lot of interest, but its inflation protected.
Posted on 4/12/11 at 10:54 am to kfizzle85
quote:
(Damn son, where can you buy a nice rental property for 80K)
Metro Atlanta. There are some steals to be had now and will be it looks like for a while.
Posted on 4/12/11 at 10:57 am to bopossum
quote:
Metro Atlanta. There are some steals to be had now and will be it looks like for a while.
What's your e addy?
Posted on 4/12/11 at 11:02 am to bopossum
Well then my completely honest answer is that if you know the market and you see deals and you can manage (or pay someone to manage) that, than that is absolutely the route I would take.
Posted on 4/12/11 at 11:05 am to bopossum
quote:
Looking for advise on what to do with 250K? Won't need to touch it for 15 to 20 years. TIA
I would take it all and buy huge spread of put options on GLD.
Posted on 4/12/11 at 11:55 am to Tiger JJ
quote:
(What's your e addy?)
Huh??
Posted on 4/12/11 at 11:58 am to bopossum
email address
Posted on 4/12/11 at 12:08 pm to Tiger JJ
I may only have 26 posts but I aint putting my e-mail on here.
Posted on 4/12/11 at 12:09 pm to Tiger JJ
Jersey is the guy with the billboards for "Will Pay Cash for Houses Anywhere!" so he wants to know where these properties are so that he can send the money truck
Posted on 4/12/11 at 12:40 pm to bopossum
quote:
I may only have 26 posts but I aint putting my e-mail on here.
You don't have a dummy account?
Posted on 4/12/11 at 12:47 pm to Tiger JJ
quote:Leave Rivers out of this.....
You don't have a dummy account?
Posted on 4/12/11 at 1:19 pm to bopossum
Is your house paid off?
ETA: I'm not necessarily saying pay your house off with that either...
ETA: I'm not necessarily saying pay your house off with that either...
This post was edited on 4/12/11 at 1:26 pm
Posted on 4/12/11 at 1:58 pm to LSU0358
quote:
(Is your house paid off)
No but I plan on paying it off as soon as I sell my lake house. We built well before the "boom" market (1998) so we are in great shape on it. Getting tired of making 1.125 in a money market account. Probably going to buy a distressed property or 2.
Posted on 4/12/11 at 2:24 pm to bopossum
quote:
Probably going to buy a distressed property or 2.
If it is property that could generate a cash flow, it's a good way to go if the stock market isn't your thing.
Posted on 4/12/11 at 4:36 pm to topstunter
quote:
You should take a look at what a single premium life insurance product looks like...internal ROR of about 5% after fees for the life insurance...double benefit of growth to you and death benefit to your beneficiaries
This sounds like an awesome idea.
:snickers:
Posted on 4/12/11 at 5:18 pm to Broke
Memphis actually has some foreclosure properties is prime locations downtown selling for $60k less than they were this time last year. $140k instead of 200k is quite the wiggle room for long term recovery in the market. I am talking about upscale condos that are literally in the heart of the downtown business district/near all the "goings on" in the area.
If I were looking at buying, then I would definitely consider it. I think it is a pretty safe bet. Downtown values will only appreciate unless an earthquake takes out Memphis entirely
If I were looking at buying, then I would definitely consider it. I think it is a pretty safe bet. Downtown values will only appreciate unless an earthquake takes out Memphis entirely
Posted on 4/12/11 at 9:23 pm to lynxcat
quote:
Memphis actually has some foreclosure properties is prime locations downtown selling for $60k less than they were this time last year. $140k instead of 200k is quite the wiggle room for long term recovery in the market. I am talking about upscale condos that are literally in the heart of the downtown business district/near all the "goings on" in the area. If I were looking at buying, then I would definitely consider it. I think it is a pretty safe bet. Downtown values will only appreciate unless an earthquake takes out Memphis entirely
yep. good residential stuff also
LINK
This post was edited on 4/12/11 at 9:25 pm
Posted on 4/12/11 at 9:28 pm to Broke
quote:I prefer Twix's, fwiw.
:snickers:
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