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cadn0327
| Favorite team: | LSU  |
| Location: | covington |
| Biography: | |
| Interests: | |
| Occupation: | |
| Number of Posts: | 22 |
| Registered on: | 8/12/2010 |
| Online Status: | Not Online |
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re: REIT AND BDC ADVICE
Posted by cadn0327 on 1/9/18 at 6:35 am to Ole War Skule
LOL! I had the accounts transferred to my Fidelity Investments account. I believe the FS Energy & Power Fund ticker is PINX:FSEN and the Healthcare BDC is PINX:NHHS.
I'm assuming these are pink sheet/OTC funds which is why it's so difficult to get rid of...
It looks like $19,000 in FS Energy funds were purchased in April/May 2014 and $18,000 in Northstar Healthcare Income fund were purchased in June 2014.
I'm assuming these are pink sheet/OTC funds which is why it's so difficult to get rid of...
It looks like $19,000 in FS Energy funds were purchased in April/May 2014 and $18,000 in Northstar Healthcare Income fund were purchased in June 2014.
0
REIT AND BDC ADVICE
Posted by cadn0327 on 1/4/18 at 6:02 am
I'm no longer working with my financial advisor but during that time, 2014/2015, I had a 401k from a previous employer that was rolled over to a traditional IRA and the advisor invested it into FS Energy & Power Common Fund, which is a BDC, and Northstar Healthcare Income, which is a REIT.
These accounts aren't easy to sell so I've held on to them. Should I sell them? It appears that they have high expense ratios and it doesn't appear to be a good investment but since I know nothing about these accounts I'm looking for an understanding on the pros/cons in layman terms please!
These accounts aren't easy to sell so I've held on to them. Should I sell them? It appears that they have high expense ratios and it doesn't appear to be a good investment but since I know nothing about these accounts I'm looking for an understanding on the pros/cons in layman terms please!
Do I really need a Will?
Posted by cadn0327 on 4/3/14 at 6:44 am
I just started working with a financial advisor and he has stated that setting up a will is one of the first steps that I should take. He said he would be able to refer me to an attorney and that it would cost about $1500 for me and my husband.
Do we really need to create a will and if so do we really need to go to an attorney or can we just create one online?
We are both about to turn 30, we don't have any children yet, we have mortgage, retirement, etc. We are both named as the primary beneficiary on each other's accounts.
Any input would be great!
Do we really need to create a will and if so do we really need to go to an attorney or can we just create one online?
We are both about to turn 30, we don't have any children yet, we have mortgage, retirement, etc. We are both named as the primary beneficiary on each other's accounts.
Any input would be great!
Suggestions on Tax Free Bonds
Posted by cadn0327 on 11/23/11 at 6:48 am
I am looking for some advice on investing in short term tax free bonds. I was told to look into WELLS FARGO ADVANTAGE SHORT TERM MUNICIPAL BOND FUND (STSMX) and FIDELITY CONSERVATIVE INCOME BOND FUND (FCONX). Does anyone know of any other tax free bonds I should look into or have experience with the 2 aforementioned bonds?
Mortgage Remodification = BS
Posted by cadn0327 on 10/21/10 at 6:34 am
I'm not sure if anyone else has seen the effects of this, but I work in the industry and everyone that I see who has participated is screwed. They try to refinance after the modification and since they have been instructed NOT to pay there mortgage for 3 months they end up completely screwing their credit score and then have to wait to refi because their credit report shows there mortgage has been late too many times and that they have past dues to pay now. I would suggest trying a rate/term FHA refi or a DU refi plus if the appraised value is a concern. Just attempt the refi before its too late, you have nothing to lose.
re: No credit = No credit card to build Credit?
Posted by cadn0327 on 8/30/10 at 6:36 am to TheHiddenFlask
I agree. Go to a local bank and get a secured revolving account. Or if your parents are willing to make you an authorized user on one of their cards and they have really good credit that will help you out as well. As an authorized user that doesn't mean you would have a card, but its a great way to build credit. For mortgage purposes you'll need a minimum mid credit score of 620 and the Fair Credit Reporting Act allows everyone to get a free credit report once every 12 months, just go to www.annualcreditreport.com.
you can get 4.375% on a 30 year and 3.875% on a 15 year fixed! And thats with no POINTS!
this isn't by any means fool proof but it gives you an idea of what is selling and the sales price.
LINK
The other person who commented is correct about the distance, its typically a 1 mile radius but the appraisers prefer homes in the same neighborhood. Also if it's possible they only like to look back 3 months for comps.
LINK
The other person who commented is correct about the distance, its typically a 1 mile radius but the appraisers prefer homes in the same neighborhood. Also if it's possible they only like to look back 3 months for comps.
I suggest 2 things....
1. if your parents have good credit, become an authorized user on one of their credit cards - there score will help increase your score
2. get a secured loan with a local bank (put your own funds down and borrow against it)
Just an FYI - mortgage companies use your mid credit score and need it to be at least 620
1. if your parents have good credit, become an authorized user on one of their credit cards - there score will help increase your score
2. get a secured loan with a local bank (put your own funds down and borrow against it)
Just an FYI - mortgage companies use your mid credit score and need it to be at least 620
If you plan to stay in the house it makes a lot more sense, especially if you plan on rolling in closing costs. I suggest also looking into a 10 year term. Take a look:
Current monthly note - proposed monthly note= savings per month
savings per month / closing costs = # of months to recoup closing costs
Current monthly note - proposed monthly note= savings per month
savings per month / closing costs = # of months to recoup closing costs
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