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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 9:43 am to makersmark1
quote:
BDCs and preferred ETFs are possibilities.
Thanks learned something new today. Now to research them. Any suggestions on where to start?
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 12:06 pm to MrBobDobalina
quote:
Put it in Voyager as USDC and get 9% monthly interest
Really? That seems too good to be true. What's the catch?
Posted on 5/15/21 at 12:23 pm to Powerman
I’m looking at GBTC.
The reality is there isn’t a great place for cash to be invested right now. Bonds will be crushed as interest rates go up. I have zero interest in buying more real estate. Stocks looked like they were starting to correct but then popped the last two days. Precious metals are a hedge only and not going to have long-term returns.
Right now is as good as any to get into Bitcoin if it’s something for the long term. It likely has negative correlation to other asset classes as well.
The reality is there isn’t a great place for cash to be invested right now. Bonds will be crushed as interest rates go up. I have zero interest in buying more real estate. Stocks looked like they were starting to correct but then popped the last two days. Precious metals are a hedge only and not going to have long-term returns.
Right now is as good as any to get into Bitcoin if it’s something for the long term. It likely has negative correlation to other asset classes as well.
Posted on 5/15/21 at 1:03 pm to I Love Bama
I like the site "airdna" to run the numbers on these things.
I bought some of the previous darling weed stocks the other day way off their highs.
Before someone tells me the earnings are horrific, the market is a casino and I don't care. Its less risky than alt coins right now.
I bought some of the previous darling weed stocks the other day way off their highs.
Before someone tells me the earnings are horrific, the market is a casino and I don't care. Its less risky than alt coins right now.
Posted on 5/15/21 at 1:04 pm to Powerman
Catch is it’s not FDIC insured. Otherwise, low risk. Only thing to be worried about is a hack (extremely unlikely) or bankruptcy(unlikely).
I have any spare cash sitting on Celsius in USDC getting 10%.
I have any spare cash sitting on Celsius in USDC getting 10%.
This post was edited on 5/15/21 at 1:06 pm
Posted on 5/15/21 at 1:09 pm to lynxcat
Just FYI, GBTC charges 2% annual management fee and and is a pain on taxes given the premium/discount each day. Owning the coin on an exchange where you can earn interest or stake it is a much better route imho.
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 3:40 pm to TigerTatorTots
quote:
What to do with cash right now?
quote:is there any way to purchase Bitcoin using actual cash?
Bitcoin is over 30% off of highs. Now is actually a great time to dip in
Posted on 5/15/21 at 3:48 pm to I Love Bama
quote:
People don't understand the economics of bitcoin.
Please, inform us.
Posted on 5/15/21 at 3:49 pm to UFownstSECsince1950
Yes, Hook up your bank account to Coinbase and buy with your cash
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