Investment Funds.

JMOliver

JMOliver

Well-Known Member
Joined
Jul 17, 2008
Location
Winston-Salem
Just curious what some of you have and who you use?.. The place i work for has me set up with Oppenheimer as of now. and i Guess i like it, Hell i dont know much about it. What i do know is that when times get hard or a vacation is in the present i can pull money from them for what i need. Problem is i usually drain it once or twice a year. So now im looking into a second investment, Something on the side im deff not gonna touch for a while. any suggestions?, looking for something aggressive.

Thanks
JMOliver
 
89-wrangler-yj said:
Just curious what some of you have and who you use?.. The place i work for has me set up with Oppenheimer as of now. and i Guess i like it, Hell i dont know much about it. What i do know is that when times get hard or a vacation is in the present i can pull money from them for what i need. Problem is i usually drain it once or twice a year. So now im looking into a second investment, Something on the side im deff not gonna touch for a while. any suggestions?, looking for something aggressive.
Thanks
JMOliver
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Real estate - land. If the market crashes you don't loose it, so invest in something tangible like rental properties or vacant land if you don't want to deal with renters.
 
diversity is the key.
real estate is definitely a real part of any strong portfolio, but is very very hard to liquidate.

BTW financial planning would help you a ton.
"When times get hard" "vacation rolls around"

these aren't unexpected events. neither should vehicle breaks down, kids outgrew clothes or went to the doctor.
All of those WILL HAPPEN. You have to plan for them monthly.
 
Aggressive = high risk. If this is money you don't want to touch, then maybe it should be in something lower risk.

Check out Vanguard. They offer a lot of good stuff.
https://personal.vanguard.com/us/home?fromPage=portal

A good index fund you submit regular contributions toward might be a good choice for long term. Many money managers fail to beat the S&P 500 or DOW.

My 401k through work is with Mercer. We do not have a choice about who to go with. I typically have my money split between a few mutual funds that are offered. However, I very recently moved it all into a stable return fund because I think the market is overbought and is going to have a pull back some time in 2012.

My personal investment account is with Wells Fargo Advisors. My parents have their money with them, and my cousin is a vice president with them, so that is why I have my money there. I have a mix of stocks and mutual funds in that account. It is about 70% stocks, and 30% mutual funds.
 
GubNi said:
Real estate - land. If the market crashes you don't loose it, so invest in something tangible like rental properties or vacant land if you don't want to deal with renters.
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I would just stick with land, real estate can go either way.

My dad invested in some apartment complexes years ago and has only lost money on it.
 
Macdaddy4738 said:
I would just stick with land, real estate can go either way.
My dad invested in some apartment complexes years ago and has only lost money on it.
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If you buy right and manage it right then it will appreciate while you build equity.

One basic rule I use is your monthly rental income should exceed 1% of your purchase price.

I don't buy unless I can see a potential to get 1.5% or higher often by rennovation or using the buildings more effiecently.

Also keep in mind that either you upgrade the place or it gets run down. Maintaining it = letting it get run down. Everytime someone moves out try to do something to make it better than when the last tenant moved in.
 
Duke Energy. Start with $200 to open it and then let them draft $100 (or what you can) per month. It's the best investment I have.
 
Macdaddy4738 said:
I would just stick with land, real estate can go either way.
My dad invested in some apartment complexes years ago and has only lost money on it.
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Are these complexes in the Hickory area?
Is your dad looking to sell?

I ask because I'm looking to invest in more rental properties but only if they will cash flow.

Why would he hold them if they loose money? People don't usually hold them for the appreciation.
 
One thing I have is a Annuity set up as a pension fund for retirement. It is working for me. You didn't mention your age, this makes a difference as to how aggressive you can be.
 
lockedup5 said:
Are these complexes in the Hickory area?
Is your dad looking to sell?
I ask because I'm looking to invest in more rental properties but only if they will cash flow.
Why would he hold them if they loose money? People don't usually hold them for the appreciation.
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I really have no idea. I was looking at our mutual fund stuff the other day and my mom happened to mention them. I forgot he had invested in it, it was years ago.

EDIT*

That said, our accounts are with Ameriprise, and Ive been less than impressed. I got a some money from a great aunt when she passed away, and it was put into a mutual fund because I was like 9 when we got it. Its gained just 3k since that time, and I am now 24...
 
I also have an Edward Jones account and I don't like it one bit. It's on my to do list to make a change after I see the first qtr performance if nothing changes for the good again.
 
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