Boiling water
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Boiling water

By anonymous following x   2013 Sep 3, 7:38am 1,314 views   7 comments   watch   quote     share    


Makes me fear scalding

1   E-man   ignore (0)   2013 Sep 3, 5:39pm   ↑ like (0)   ↓ dislike (0)     quote      

Sounds like you are risk adverse. You should spend sometime to learn about buying tax liens, lending money to rehabber, or buying notes. You have to convert your IRA to a SDIRA before you can do these. These instruments yield about 10% to 18% annualized returns, and they are very secure in my opinion.

If that's too much trouble, I'd take $9k and buy 200 shares of RIG right here. I'd take $10k and buy 300 shares of MO. $4k to buy WFC and $5k to buy JPM. I'd keep the rest of the money in cash and buy more if the market corrects further.

2   E-man   ignore (0)   2013 Sep 4, 8:23am   ↑ like (0)   ↓ dislike (0)     quote      

SFace says

E-man says

If that's too much trouble, I'd take $9k and buy 200 shares of RIG right

here. I'd take $10k and buy 300 shares of MO. $4k to buy WFC and $5k to buy JPM.

I'd keep the rest of the money in cash and buy more if the market corrects

further.

In lieu of WFC or JPM, I would purchase AIG instead.

Interesting take. I'd have never figure that one out. I'll look into it. :)

3   anotheraccount   ignore (1)   2013 Sep 4, 8:52am   ↑ like (0)   ↓ dislike (0)     quote      

E-man says

If that's too much trouble, I'd take $9k and buy 200 shares of RIG right here. I'd take $10k and buy 300 shares of MO. $4k to buy WFC and $5k to buy JPM. I'd keep the rest of the money in cash and buy more if the market corrects further.

You might as well put your money into bond funds instead of buying high yielders. At least there, there is no risk of lawsuits or wells blowing in gulf of Mexico.

4   E-man   ignore (0)   2013 Sep 4, 2:48pm   ↑ like (0)   ↓ dislike (0)     quote      

@SFace,

Great find. Love it. :)

5   E-man   ignore (0)   2013 Sep 4, 2:50pm   ↑ like (0)   ↓ dislike (0)     quote      

treatmentreport says

You might as well put your money into bond funds instead of buying high yielders. At least there, there is no risk of lawsuits or wells blowing in gulf of Mexico.

Thanks for the suggestion, but everyone's risk tolerance is different. I'm a dividend guy, not a bond guy for some reason.

6   RealEstateIsBetterThanStocks   ignore (0)   2013 Sep 4, 2:55pm   ↑ like (0)   ↓ dislike (0)     quote      

invest in China RE market.

they buy here you buy there. stop the invasion.

7   E-man   ignore (0)   2013 Sep 4, 3:02pm   ↑ like (0)   ↓ dislike (0)     quote      

Mark D says

invest in China RE market.

they buy here you buy there. stop the invasion.

That's hilarious Mark.


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