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Forum ยป What to invest 70k in ?
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Thread: What to invest 70k in ?

post 1571999931 01-24-2019, 11:46 AM
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#31
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What country are you in?
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post 1572002041 01-24-2019, 12:10 PM
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#32
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B2L real estate or setting up a business.
post 1572003801 01-24-2019, 12:31 PM
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#33
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The true "entrepreneurs" are in the property business of renting several places and subleasing them at higher rates on airbnb. Absolute coonts that are raising prices in certain areas. If they get a strong enough hold on a catchment area, they can make a killing I bet. However, this is a low blow move.

I would invest in US Tech Stocks. 5 different tickers with 10 large each. And then dump the rest in a CD for cash emergencies.
"The manlet is a savage beast that knows no moral bound. After falling in disgrace to a manmore, a ravaged manlet would not hesitate to come from behind and land a sucker punch/ swing with a rock to the back of a manmore's head. They are ruthless and you need to spend some more time in the gutter to even begin trying to comprehend what goes on in their minds."

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post 1572005481 01-24-2019, 12:51 PM
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#34
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Everyone always says real estate because it's the easiest for non-financial bros to understand. Long story short, most small time investors are lucky to hedge against inflation and use it as a forced savings account. Not much ROI in most cases and can be a nightmare. That doesn't exactly for your risk profile.

Timing for real estate is horrible right now, anyway. Stay out until it tanks.
post 1572006201 01-24-2019, 12:58 PM
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#35
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S & P 500 index funds. Crushes real estate on average
*Hole is Life Crew*
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post 1572007521 01-24-2019, 01:13 PM
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#36
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all in tsla calls or you're a *******
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post 1572007981 01-24-2019, 01:18 PM
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#37
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Originally Posted By miscdontlift⏩
Please aware me on a location where a 120k home can normally rent out for 1400 a month
I will move there srs
There were plenty of oops which delivered 20% yields. These opps closed out in 2009 - guess the boomers were in prime positions back then
"The manlet is a savage beast that knows no moral bound. After falling in disgrace to a manmore, a ravaged manlet would not hesitate to come from behind and land a sucker punch/ swing with a rock to the back of a manmore's head. They are ruthless and you need to spend some more time in the gutter to even begin trying to comprehend what goes on in their minds."

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post 1572008531 01-24-2019, 01:24 PM
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#38
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I would do a lot of research. From my perspective, there seems to be a lot of market uncertainty, which was something I considered before buying another property recently.
post 1572009171 01-24-2019, 01:31 PM
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#39
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hold on until the current upward trend were in (notice I didnt use 'bubble') slows down to buy real estate

and then once it really crashes, go and old buy vintage rolex's and hold onto them for 10 years and make 5x your money if not more
post 1572012451 01-24-2019, 02:10 PM
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#40
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3 bricks of white

flip yourself a key and you got drug money
Wow love that for you.
post 1572012971 01-24-2019, 02:18 PM
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#41
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lol at "Real Estate" - invest in low cost passive index funds and sit back.
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post 1572013111 01-24-2019, 02:20 PM
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#42
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Short SPY
post 1572013251 01-24-2019, 02:21 PM
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#43
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Originally Posted By aleeboy⏩
And then dump the rest in a CD for cash emergencies.
This doesn't make sense. Unless you break it and get penalized maybe 3 months of interest?

For emergency cash need to be liquid. you need quick access.

edit: you can get liquid cd's
post 1572013561 01-24-2019, 02:24 PM
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#44
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Originally Posted By muscle
edited: Taking the L
.... good thing you retracted homeslice.
Originally Posted By MakeItMatt⏩
20% of 120k = 24k.. Hence the "about 25k"
Originally Posted By SuperiorGenes⏩
Dearest retard,

he was talking about 20% of the $120k theoretical home -- 20% allows you to avoid PMI in homes (minimum ownership is 20% to be exempt of PMI, a completely pointless fee costs you a nice chunk of change every single month till u own 20%). And that would be around $25k.

But gl finding a market where a $120k home can rent for $1400/mo. I know they're out there but sure as chit aint my city! would like to know where.. buy a few homes rn prob.
Muchas gracias. I'll explain where below.
Originally Posted By miscdontlift⏩
Please aware me on a location where a 120k home can normally rent out for 1400 a month
I will move there srs
Ohio for starters. We bought an 85k property in Parma, Ohio and it's currently renting for $1250 a month. SFH 3/2.

There are $120k deals in Lakewood, Ohio right now that will give you $1400-1500 in rents. More if you invest in a MFH. Look it up.

Another market we're looking in Louisiana. Similar yield in rents however there's that pesky little risk of flooding which would eat into your profits. Still thinking about it.
Thus let me live, unseen, unknown;
Thus unlamented let me die;
Steal from the world, and not a stone
Tell where I lie.

2/17/15 - Dunk Tank Results: 15% bf (Omron said 18.6%) - 123.4 lbs LBM
post 1572013581 01-24-2019, 02:24 PM
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#45
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Originally Posted By miscdontlift⏩
Please aware me on a location where a 120k home can normally rent out for 1400 a month
I will move there srs
lmao this.

Round here even the best cash flowing properties only net about 8% of purchase price per year.

A typical sfh for example would net about 6% gross rent ($2000 rent for a $400k house)

I have one but it's basically a long term appreciation play. I've thought about getting a second but it's really not that great of an investment.
post 1572013711 01-24-2019, 02:26 PM
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#46
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3 women
whore them out
profit???
Laughing at your team since 2008.
post 1572013761 01-24-2019, 02:26 PM
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#47
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Originally Posted By MuzzieChik786⏩
.... good thing you retracted homeslice.





Muchas gracias. I'll explain where below.



Ohio for starters. We bought an 85k property in Parma, Ohio and it's currently renting for $1250 a month. SFH 3/2.

There are $120k deals in Lakewood, Ohio right now that will give you $1400-1500 in rents. More if you invest in a MFH. Look it up.

Another market we're looking in Louisiana. Similar yield in rents however there's that pesky little risk of flooding which would eat into your profits. Still thinking about it.
that's the way to do it, hands off and invest where it makes sense. Most of us want to buy local and the numbers just don't work in every city
post 1572014001 01-24-2019, 02:28 PM
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#48
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Originally Posted By MuzzieChik786⏩
Ohio for starters. We bought an 85k property in Parma, Ohio and it's currently renting for $1250 a month. SFH 3/2.

There are $120k deals in Lakewood, Ohio right now that will give you $1400-1500 in rents. More if you invest in a MFH. Look it up.
Is this real life... Brb becoming an Ohio slumlord
watchout your comments boyo โ†“
post 1572014281 01-24-2019, 02:31 PM
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#49
  1. MuzzieChik786
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Originally Posted By Frank
lmao this.

Round here even the best cash flowing properties only net about 8% of purchase price per year.

A typical sfh for example would net about 6% gross rent ($2000 rent for a $400k house)

I have one but it's basically a long term appreciation play. I've thought about getting a second but it's really not that great of an investment.
Originally Posted By Frank
that's the way to do it, hands off and invest where it makes sense. Most of us want to buy local and the numbers just don't work in every city
Profits are made when you take risks. Easy route isn't always the best.

If you know what you're doing, you could absolutely be successful in other markets besides the one you live in. STILL, you're wrong. I own my previous home (now on rent) in our local market. I bought it for $210k and currently I owe about 120k. It rents out for $1990 per month.

I'd never buy in my market because the homes are way overpriced. It just makes better sense to buy in another market if the goal is to make passive income.

Edit: btw, we just bought another home in Lakewood, Ohio. MFH with 4 units of 1/1. Each unit rents for $600. We bought the property at $140k. Rents total $2400 and utilities are paid by the tenants. Again, it's all about finding the deals and making smart decisions. We got rid of the loser tenants and got business professionals in there with at least a 2-year lease each. Tenant screening is vital for rental properties.
Thus let me live, unseen, unknown;
Thus unlamented let me die;
Steal from the world, and not a stone
Tell where I lie.

2/17/15 - Dunk Tank Results: 15% bf (Omron said 18.6%) - 123.4 lbs LBM
post 1572014641 01-24-2019, 02:34 PM
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#50
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Originally Posted By SconeBulker⏩
I think the market is going to be volatile for awhile.

I would use the money to open savings/checkings to get the various incentives throughout 2019.

For example:

https://www.doughroller.net/banking/...ons-and-deals/


Organize with a spreadsheet and reminders on your phone or email.
I hadn't seen that CIT Bank savings yet. Good find. You won't find 2.45% on a savings account very often.
You don't have to be great to start, but you have to start to be great.
post 1572014811 01-24-2019, 02:36 PM
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#51
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Originally Posted By ErnieMccracken⏩
Everyone always says real estate because it's the easiest for non-financial bros to understand. Long story short, most small time investors are lucky to hedge against inflation and use it as a forced savings account. Not much ROI in most cases and can be a nightmare. That doesn't exactly for your risk profile.

Timing for real estate is horrible right now, anyway. Stay out until it tanks.
depending on your location, THIS, tread lightly OP

I always laugh at how many people talk about investing in real estate and try and give advice. In most cases, it's these same people who have never flipped properties, had rentals, or even owned a property. There's too many that live in a fairly land about how someday they're going to be the next real estate tycoon.

Coming from someone who has done both, DO YOU"RE RESEARCH. Over the last 8 years, I've found my investments in various mutual funds and ETFs to often outpace the overall ROI of my investment properties. Not saying to stay away, as it's a great idea to diversify your investments, but you're success in investment properties right now could be highly dependent on you're local market saturation.
post 1572015151 01-24-2019, 02:39 PM
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#52
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Originally Posted By thatsnarf⏩
This doesn't make sense. Unless you break it and get penalized maybe 3 months of interest?

For emergency cash need to be liquid. you need quick access.

edit: you can get liquid cd's
Been looking into CD ladders recently and those seem to be a viable option if you want to look into CDs and have much more wiggle room as far as liquidity.
hard to hate on a fellow wings fan but....


i need to cut... badly.
post 1572017681 01-24-2019, 03:07 PM
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#53
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Not real estate OP, market is due for a correction, I wouldnt trust those mutual funds at the moment either. Do you have any debt?

My advice: Mostly Savings/CDs and patience.

I currently have around $40k in no-penalty CDs, $25k cash/checking, and only around $17k in the stock market (aside from 401k/RothIRAs).

Waiting for something to crash before I invest. Im slowly paying down debt as well, If nothing crashes then ill just keep paying down debt.
post 1572018381 01-24-2019, 03:13 PM
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#54
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What is your time horizon? When do you need this money? How much growth are you looking for? What are your intentions with this investment in the future? Gotta ask yourself questions before you take action.
Leaves a space between posting multiple links/pics so people on mobile don't click the same link twice crew
post 1572018651 01-24-2019, 03:16 PM
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#55
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Originally Posted By MillerDecaXC⏩
Not real estate OP, market is due for a correction, I wouldnt trust those mutual funds at the moment either. Do you have any debt?

My advice: Mostly Savings/CDs and patience.

I currently have around $40k in no-penalty CDs, $25k cash/checking, and only around $17k in the stock market (aside from 401k/RothIRAs).

Waiting for something to crash before I invest. Im slowly paying down debt as well, If nothing crashes then ill just keep paying down debt.
90% in equities crew.
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post 1572018991 01-24-2019, 03:20 PM
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#56
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Originally Posted By Luc1fer⏩
90% in equities crew.
If long term, absolutely 100%. I guess I shoulda asked OP's time frame. I personally need $ in about 2 years so im being careful.

Hoping dow gets around 21000 again and ill go balls deep.
post 1572019321 01-24-2019, 03:25 PM
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#57
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Originally Posted By MillerDecaXC⏩
If long term, absolutely 100%. I guess I shoulda asked OP's time frame. I personally need $ in about 2 years so im being careful.

Hoping dow gets around 21000 again and ill go balls deep.
Oh ye that's different. I've been buying some muni bonds in taxable for that reason (may need funds within 5 years for downpayment etc.).
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post 1572020991 01-24-2019, 03:46 PM
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#58
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Originally Posted By Luc1fer⏩
90% in equities crew.
Originally Posted By MillerDecaXC⏩
If long term, absolutely 100%. I guess I shoulda asked OP's time frame. I personally need $ in about 2 years so im being careful.

Hoping dow gets around 21000 again and ill go balls deep.
I know nothing about these. Been meaning to do so. I have a 401k that the company matches up to 2k a year.

What other equities do you invest in and what's the return you expect? Long term or short term?
Thus let me live, unseen, unknown;
Thus unlamented let me die;
Steal from the world, and not a stone
Tell where I lie.

2/17/15 - Dunk Tank Results: 15% bf (Omron said 18.6%) - 123.4 lbs LBM
post 1572021691 01-24-2019, 03:55 PM
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#59
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Originally Posted By MuzzieChik786⏩
I know nothing about these. Been meaning to do so. I have a 401k that the company matches up to 2k a year.

What other equities do you invest in and what's the return you expect? Long term or short term?
Best thing to buy are probably ticker symbols SPY and/or DIA.

as for individual stocks, im looking into stocks with good dividends that have been beaten down recently, and will be buying if there is another crash/correction. AAPL, GIS, EBAY, high dividend oil stocks like BP, etc. F and T are also in my current portfolio, crazy high dividend but who knows when they will stop declining. Has to be soon though IMO.
post 1572022061 01-24-2019, 04:02 PM
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#60
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Originally Posted By MillerDecaXC⏩
Best thing to buy are probably ticker symbols SPY and/or DIA.

as for individual stocks, im looking into stocks with good dividends that have been beaten down recently, and will be buying if there is another crash/correction. AAPL, GIS, EBAY, high dividend oil stocks like BP, etc. F and T are also in my current portfolio, crazy high dividend but who knows when they will stop declining. Has to be soon though IMO.
Thanks for the information. I'll have the guy take a look into those.
Thus let me live, unseen, unknown;
Thus unlamented let me die;
Steal from the world, and not a stone
Tell where I lie.

2/17/15 - Dunk Tank Results: 15% bf (Omron said 18.6%) - 123.4 lbs LBM
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