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need advice from you awesome PatNetters
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2014 Apr 10, 9:15am 24,448 views 51 comments
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Patrick
2017 Jan 13, 6:19pm
i myself have enjoyed the vanguard index funds. low fees, easy to know how you're doing: just listen to the radio or read the papers.
not as much fun as picking individual stocks, but not as dangerous either.
Strategist
2017 Jan 13, 6:21pm
costs to move, costs for new appliances/furniture etc.
Renters have these costs too. But renters don't get a tax write off on interest and property taxes.
RealEstateIsBetterThanStocks
2017 Jan 13, 7:29pm
On that $58K profit did you take into account closing costs, costs to move, costs for new appliances/furniture etc., repairs/maintenance and all the other bullshit involved with a home purchase that adds up and costs more than you planned ?
why do you have to live in it? renters will pay for all those expenses and MORE!
RealEstateIsBetterThanStocks
2017 Jan 13, 7:39pm
i myself have enjoyed the vanguard index funds. low fees, easy to know how you're doing: just listen to the radio or read the papers.
not as much fun as picking individual stocks, but not as dangerous either.
i have them too for my 401K. other than that i sold all my stocks. rental properties >>> stocks.
Shaman
2017 Jan 14, 6:06am
I invest in stocks of companies that provide a valuable service to me. Any company that is doing something good and indispensable for its customers will grow and grow. This formula hasn't gone wrong yet! Sometimes it's slow but usually it beats market averages! For example: netflix.
Strategist
2017 Jan 14, 7:52am
That's just icing on the cake along with the property tax deduction. I don't consider the house an "investment". I bought "shelter", and as long as the shelter price was affordable and in line with rental prices, the MID and tax deduction is found money.
A house you live in is your shelter and not an investment. Wether the price of your shelter goes up or down makes no difference, because it's still the same shelter.
Strategist
2017 Jan 14, 8:47am
Ha ha... I went through that when purchasing the current house. The realtor was so pissed when I told her what I was going to spend, and she kept coming back saying "But, you qualify for so much MORE"... Needless to say, she WASN'T the realtor that ended up making the commission when I bought.
Many people have this belief.....If i qualify, i must be able to afford it.
AdamCarollaFan
2022 Apr 7, 4:23pm
Get a vasectomy. It's way cheaper than having any kids.
too late - had a kid in 2017. but then got snipped a few years ago. one kid, one and done, it's been fun (and stressful), but im dunzo!
fdhfoiehfeoi
2022 Apr 7, 5:40pm
it's currently earning 0.75%
Adjusted for inflation you're losing money at either of those percentages. If you're truly risk averse you should have a sizeable investment in something that has value even if Federal Reserve debt notes disappear.
Whatever you do, i just wanna say I love your username. Oh, the good ol years of Loveline!
Second that
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the details:
30s, single, no kids, happy renter, good job, no debt, roth ira and 401K maxed every year
i have a large chunk of change that i'd like to do something with. it's currently earning 0.75%. i don't plan on using any of the money any time soon. also, i have a low financial risk tolerance.
my question is - what should i do with the money to maximize earnings?
i'm thinking of putting it in a 60-month CD earning 2.25% - good idea?