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Another $100k to Invest Thread

By joshuatrio following x   2017 Nov 21, 10:01am 2,351 views   35 comments   watch   sfw   quote     share    


I've got a chunk of change that I've accumulated this last year sitting on the sidelines, and I'd like to make a return on it. All in all, I have about $100-150k that I can safely play with.

I was thinking about picking up my first lower end rental property (townhouse/small home), but I'm not sure I'm sold on being a landlord. I've considered bitcoin as well, but I think the ship has sailed on that one, along with traditional precious metals etc... My preference is towards hard assets, since I'm not sure I entirely trust anything market related at this point.

Have also considered walking away from my job to start a business or do something completely different that IT.

Advice/suggestions welcome.

#finance

1   Strategist   ignore (1)   2017 Nov 21, 10:09am   ↑ like (4)   ↓ dislike (0)   quote        

joshuatrio says
I've considered bitcoin as well


If you love gambling, I recommend the roulette table at the Las Vegas Venetian. At 8pm everyday, the ball always lands on "Black" it's a no brainer.
2   anonymous   ignore (null)   2017 Nov 21, 10:58am   ↑ like (0)   ↓ dislike (0)   quote        

The stock photo is funny. One $100 and a pile of 1’s

You mentioned walking away from your job and starting a business. Also becoming a land lord or buying bitcoin, your risk profile is much different than mine. Do you have an idea for a business, or just dreaming of leaving the role of employee?
3   anonymous   ignore (null)   2017 Nov 21, 11:20am   ↑ like (1)   ↓ dislike (0)   quote        

Futures contracts on sexual harassment charges.
Yams.
Bakery that offers IT services during low volume hours.
Bar / confessional where serial harassers can absolve their sins while getting sauced.
Yams.
4 investment properties. Just figure out where Amazon is going first.
Guns.

One of those is not a joke. But which one?
4   joshuatrio   ignore (0)   2017 Nov 21, 12:01pm   ↑ like (0)   ↓ dislike (0)   quote        

Strategist says
If you love gambling, I recommend the roulette table at the Las Vegas Venetian. At 8pm everyday, the ball always lands on "Black" it's a no brainer.


I actually considered putting $50k on black.
5   joshuatrio   ignore (0)   2017 Nov 21, 12:03pm   ↑ like (0)   ↓ dislike (0)   quote        

anonymous says
Personally I would not let that stash burn a hole or even smolder in my pocket. Perhaps sitting down with a good estate planning attorney and or investment advisor for an hour or so would be money well spent.


I have a meeting with our financial guy beginning of next month. I'll ping him.

Sniper says

My first question, what type of return are you looking to make on it? What's your level of risk? Until we know that, it's hard to make a recommendation.


I prefer lower to medium risk. I don't really care about making a ton, but just want to at least insulate myself from inflation.
6   mell   ignore (1)   2017 Nov 21, 12:10pm   ↑ like (0)   ↓ dislike (0)   quote        

I'd put it into select turnaround stocks. Biotech is not overbought like the other sectors. There are quite a few bargain biotechs eventually becoming profitable within the next few years with solid rev growth that don't even have an rev multiplier assigned to them yet.
7   BlueSardine   ignore (1)   2017 Nov 21, 12:11pm   ↑ like (0)   ↓ dislike (0)   quote        

I hear the parka type ski suits have military grade insulation...
joshuatrio says
I don't really care about making a ton, but just want to at least insulate myself from inflation.
8   FNWGMOBDVZXDNW   ignore (2)   2017 Nov 21, 12:27pm   ↑ like (1)   ↓ dislike (0)   quote        

Do a passive investment (e.g. vanguard) index fund. If you want, reserve some cash. If you want a hard asset like a townhouse, go for it, but don't put down more than you need and consider it long term. You have enough so that this would not eat up an excessive amount.

If tax cuts don't go through, there is likely to be a market correction. I believe that a big corporate tax cut is baked into the cake so to speak wrt the stock market.
9   Ceffer   ignore (1)   2017 Nov 21, 12:39pm   ↑ like (1)   ↓ dislike (0)   quote        

You could buy a humungous monster truck, and have lots left over for whiskey, cocaine and hookers. What more could you want?
10   NuttBoxer   ignore (2)   2017 Nov 21, 1:23pm   ↑ like (0)   ↓ dislike (0)   quote        

Silver rounds or junk silver are a good buy right now, stay away from anyone who doesn't offer physical delivery, and from any coins with a premium. Starting a business would also be a really good way to go. Not sure how craft beer is doing in the South, but even in downtown Chula Vista we have a brewery and two bars that recently opened, and are packed every weekend.
11   TwoScoopsOfWompWomp   ignore (2)   2017 Nov 21, 3:38pm   ↑ like (3)   ↓ dislike (0)   quote        

Open up a Sex Bot Brothel.
12   Strategist   ignore (1)   2017 Nov 21, 3:42pm   ↑ like (0)   ↓ dislike (0)   quote        

TwoScoopsMcGee says
Open up a Sex Bot Brothel.


That's a great business idea. But do you really want to put the whores out of business.
13   Goran_K   ignore (0)   2017 Nov 21, 3:46pm   ↑ like (0)   ↓ dislike (0)   quote        

TwoScoopsMcGee says
Open up a Sex Bot Brothel.


Best idea yet.
15   beershrine   ignore (0)   2017 Nov 21, 4:23pm   ↑ like (0)   ↓ dislike (0)   quote        

Lower end rental property, you answered your own question. Buy a small house with no HOA on it. In the long run it will outpace other investments the only drawback will be the taxes you pay when you cash out and any druggies that you allow to move in.
16   ChapulinColorado   ignore (2)   2017 Nov 21, 5:37pm   ↑ like (0)   ↓ dislike (0)   quote        

I am very financially conservative and risk adverse, and not really sure what your risk tolerance is.

That being said, I do think the "hype" behind the cryptos can net a great return,,, just I'm not comfortable with letting it roll black and assuming risk I don't really understand... I feel like I'm missing out but I prefer to invest in something I understand. I don't understand cryptos nor how one can buy a burger or get an oil change with that.

What I personally do is put as much in your 401k and Roth IRA. Pick a value and growth mutual fund or a targeted passive portfolio. I do this every year before I invest elsewhere.

I have 2 rentals and trying to get a third right now. I put 20% down, and have watched the both properties more than double in 4 years. I have a monthly cashflow (I call it my monthly dividend) which is going towards the kids future college expenses, haven't done 529 yet and not sure I want to yet.. I have great tenants who always pay on time. I do lease the properties below market rate by about 10% maybe time to raise the rent. But I am happy with my tenants and they take care of the property reasonably well. I personally would only buy properties that are local to me and that I can control.

I do have other non-stock/bond/real estate investments I guess you can call an entrepreneurship, but that is another story.

I would encourage that if you really don't need the money, invest it in real estate. I am not an expert and I am not qualified to be a financial advisor, but just speak from personal experience.
17   Ironworker   ignore (0)   2017 Nov 21, 6:27pm   ↑ like (1)   ↓ dislike (0)   quote        

Lowball land owners and buy large acreage or several parcels close to your home. Enjoy, improve a little, market and resell for double. Keep the best one for yourself. I've done this. Not as easy to execute as it sounds, but possible.

I'm currently looking for one close to me in attractive area to open membership based outdoors fitness. The best businesses are membership based, rentals of equipment when you don't have large rent or ideally own the building. Land in this case = building.
18   Booger   ignore (1)   2017 Nov 21, 7:25pm   ↑ like (1)   ↓ dislike (0)   quote        

anon_61c8a says
4 investment properties. Just figure out where Amazon is going first.
One of those is not a joke. But which one?


Seriously, I'm looking forward to reading Amazon related real estate gouging stories. When you think about it, the HQ2 is going to jack the cost of living (and therefore most likely ruin) wherever it ends up. Unless it's Detroit, it's going to be too fucking expensive to live there.
19   HowdyThere   ignore (0)   2017 Nov 21, 7:27pm   ↑ like (1)   ↓ dislike (0)   quote        

Frozen concentrated orange juice futures. Nuff said.
20   BayArea   ignore (0)   2017 Nov 21, 8:32pm   ↑ like (0)   ↓ dislike (0)   quote        

buying rental property 5 years ago? Hell yes!

3 years ago? No question!

2yrs ago, yup!

But today? Be careful... unless you have a back door deal or buying a fixer upper at a bargain, think twice and make damn sure the ROI Numbers check out.
21   NewOldUser   ignore (0)   2017 Nov 21, 9:27pm   ↑ like (0)   ↓ dislike (0)   quote        

Why not go ultra conservative and buy whole life insurance for later on?
22   mell   ignore (1)   2017 Nov 21, 9:35pm   ↑ like (3)   ↓ dislike (0)   quote        

NewOldUser says
Why not go ultra conservative and buy whole life insurance for later on?


May give the wife too may ideas.
23   Strategist   ignore (1)   2017 Nov 22, 9:51am   ↑ like (2)   ↓ dislike (0)   quote        

NewOldUser says
Why not go ultra conservative and buy whole life insurance for later on?


Whole life insurance. World's greatest scam.
Just get term.
24   joshuatrio   ignore (0)   2017 Nov 22, 9:56am   ↑ like (1)   ↓ dislike (0)   quote        

BayArea says
But today? Be careful... unless you have a back door deal or buying a fixer upper at a bargain, think twice and make damn sure the ROI Numbers check out.


What makes sense # wise to pan out? I've always head monthly rent should be 1% of the purchase price for it to be profitable. So a $100,000 home should rent for $1,000/mo etc..
25   TwoScoopsOfWompWomp   ignore (2)   2017 Nov 22, 10:31am   ↑ like (0)   ↓ dislike (0)   quote        

"Buy Term and invest the difference"
26   anonymous   ignore (null)   2017 Nov 22, 6:27pm   ↑ like (0)   ↓ dislike (0)   quote        

Solar panels and a used Nissan Leaf. What are your marginal electric rates?
27   Strategist   ignore (1)   2017 Nov 22, 7:24pm   ↑ like (0)   ↓ dislike (0)   quote        

anon_3e01a says
Solar panels and a used Nissan Leaf. What are your marginal electric rates?


"Marginal electric rates" is what really counts. San Diego county is almost $0.40 per kWh. Fucking insane. You do get special rates for charging your car at certain times, though.
Getting 8 KW solar panel system here works out at 8 to 10 cents per kWh by my calculations. They tell you it's less, but numbers can be deceiving.
We use just about 1,000 kWh on an average month, with 600 kWh being used to charge the electric cars. We seldom have to use the air conditioning.
Solar Panels are definitely the way to go, especially in a state like California that rips you off at every opportunity.
28   Strategist   ignore (1)   2017 Nov 22, 7:50pm   ↑ like (2)   ↓ dislike (0)   quote        

Sniper says
Strategist says
Solar Panels are definitely the way to go, especially in a state like California that rips you off at every opportunity.


Well, you can always move to a less costly state. Did you know the sun shines in other states too! :)


Do you know I am in the backyard right now in a t-shirt, enjoying a beer, looking at the sparkling lights miles and miles away in the distance.
Welcome to Southern California. How can anyone give this up.
29   Strategist   ignore (1)   2017 Nov 22, 8:01pm   ↑ like (0)   ↓ dislike (0)   quote        

Sniper says
Strategist says
Do you know I am in the backyard right now in a t-shirt, enjoying a beer, looking at the sparkling lights miles and miles away in the distance.
Welcome to Southern California.


Bastard... I got to take the puppy out in a little while and it's 36 right now, going down to 29. Go ahead, rub it in.

Want to take him out for me?


NO. he he he
Give the puppy a little pat for me.
30   PrivilegedtobeWhite   ignore (1)   2017 Nov 22, 8:45pm   ↑ like (0)   ↓ dislike (0)   quote        

Strategist says
Give the puppy a little pat for me.
And wax the dolphin while you're at it.
31   steverbeaver   ignore (1)   2017 Nov 22, 9:01pm   ↑ like (0)   ↓ dislike (0)   quote        

Put it into raising a child with a good mother if you don't already have one. But then again I don't place money as top priority.
32   Onvacation   ignore (2)   2017 Nov 22, 9:06pm   ↑ like (0)   ↓ dislike (0)   quote        

TwoScoopsMcGee says
Open up a Sex Bot Brothel.

Why would this not be legal and profitable.

You could figure out some discrete entrance for the customers and a rigorous cleaning regimen between clients.

It could be franchised!

Legality aside, it might be hard to get liability insurance.
33   anonymous   ignore (null)   2017 Nov 23, 10:27am   ↑ like (0)   ↓ dislike (0)   quote        

joshuatrio says
What makes sense # wise to pan out? I've always head monthly rent should be 1% of the purchase price for it to be profitable. So a $100,000 home should rent for $1,000/mo etc..


At best a very rough rule of thumb good enough to get started looking. It's easy enough to calculate the actual ROI.
34   RC2006   ignore (0)   2017 Nov 23, 12:57pm   ↑ like (0)   ↓ dislike (0)   quote        

Decommissioned nuclear silo refurbished and stocked with enough food, porn, and weapons to last ten years in case shit hits fan.
35   Patrick   ignore (0)   2017 Nov 23, 3:53pm   ↑ like (0)   ↓ dislike (0)   quote        

Onvacation says
Legality aside, it might be hard to get liability insurance.


Yes, accidents involving a penis and a machine could be nasty.




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