What are you buying around here for 75-100K that you can rent?
stickman
A 150K house. There are plenty of them out there.
Have had ING account for few years. Very easy to electronically tranfer money back-and-forth from very lowpaying BofA money manager checking account. Remember the interest rate floats (was nearly 4.5% 1-2 years ago). No complaints so far.
Hey 50-66%% down on a home, now that’s a fiscal conservative!
stickman
I would put, 25K in Rimm, 25k in GS, 25k in aapl, and 25k in xom
quote:
Originally posted by 23SailfishWhat would you do assuming you didn’t need it for anything at the moment?
Stocks?
Start your own business?
Savings?
Tell me; give me some good sound advice.
I would do one of a few options.
-
The stock market is really bad right now, however, it also means Stocks are cheap-Hence Bye Low-Sell High… I think, in my opinion, it can only get better. But it may get worst. However, history shows, after a Bear Market, a BUll usually follows. Although I could be, along with other, very very wrong.
-
Real Estate is grabage as well, however, it still is one of the only things that goes up in value. A Car, a boat, or something like that depreciates in value the second you leave the lot. So I would put it in some kind of Real Estate, because everything is so cheap. The obstacle here, is with things so cheap, noone wants to sell, because they are going to lose money. But find the right type of property and sit on it. 5-7 years, double the money at least.
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Life Insurcance Policies with a good sound company. (not AIG) although it was a good a company. Do some research and buy the type of Policies that are safe and right now there are some that give a better interest rate than the Stock Market by FAR!
quote:
Originally posted by kut08
- Life Insurcance Policies with a good sound company. (not AIG) although it was a good a company. Do some research and buy the type of Policies that are safe and right now there are some that give a better interest rate than the Stock Market by FAR!
Tell me more. How does this work? What kind of rates?
Skinnee, I really don’t want the hassle of rental property…you know, repairs, collecting rent, that sort of thing. It is certainly on my list of things to look at in the next 12 months though.
Gator Killer.
He took the bait like a bonnethead on a day old crab…
2005 236 Sailfish
225 Yamaha 4-stroke
23Sail?
You messin with me or serious?
<Pajama Run/Walk for Cancer w/ a Party at “The Joe”>
www.knology.com/run
“Tight Lines”
-If you don’t like what I say…TOO BAD
Charlie Company
'08
quote:
Originally posted by kut08If serious… look for a Mutual Company and a Policy that offers back dividends to it’s policy holders instead of stock holders. Some up to 7% or more. Policies like Permanement Insurance that have a Cash Value-Tax Free in 10 years plus a Death Benefit, and if you let is sit longer it gets even better.
<Pajama Run/Walk for Cancer w/ a Party at “The Joe”>
www.knology.com/run“Tight Lines”
-If you don’t like what I say…TOO BAD
Charlie Company
'08
I was being serious. That’s good info. Thank you.
Gator Killer.
He took the bait like a bonnethead on a day old crab…
2005 236 Sailfish
225 Yamaha 4-stroke
You have a PM 23.
<Pajama Run/Walk for Cancer w/ a Party at “The Joe”>
www.knology.com/run
“Tight Lines”
-If you don’t like what I say…TOO BAD
Charlie Company
'08
Excuse him Ricky. He’s kinda gun-shy after his last thread, so now he thinks we’re all out to get him.
As for that money, you could give it to me and I’ll guarantee a 10% ROI in ten years. That is, after I use that money to buy a schitt ton of powerball tickets and hit it big time.
Haha. My question to you FF is… what if you don’t hit the Powerball?
<Pajama Run/Walk for Cancer w/ a Party at “The Joe”>
www.knology.com/run
“Tight Lines”
-If you don’t like what I say…TOO BAD
Charlie Company
'08
I’d delete my previous post, so there’s no proof that I guaranteed anything.
quote:
Originally posted by kut08If serious… look for a Mutual Company and a Policy that offers back dividends to it’s policy holders instead of stock holders. Some up to 7% or more. Policies like Permanement Insurance that have a Cash Value-Tax Free in 10 years plus a Death Benefit, and if you let is sit longer it gets even better.
<Pajama Run/Walk for Cancer w/ a Party at “The Joe”>
www.knology.com/run“Tight Lines”
-If you don’t like what I say…TOO BAD
Charlie Company
'08
Please tell us as to who is offering 7% interest/dividends on a permanent life insurance policy right now. I’m gonna guess mass or NF or NE. What is the guarantee on those dividends when the company takes a hit from credit swaps or interest rates drop? Why would you recommend a permanent life product over an equity indexed annuity?
I’ll leave with a softball pitch…why put money in UL/VL when an energy trust like Linn Energy LLC (Nasdaq:LINE) is paying a 18.90% dividend?
Thanks!
i never guaranteed anything, noone does guys… just saying… there is no guarantee on anything, everyone knows that
<Pajama Run/Walk for Cancer w/ a Party at “The Joe”>
www.knology.com/run
“Tight Lines”
-If you don’t like what I say…TOO BAD
Charlie Company
'08
18.9% sounds good to me! 
<Pajama Run/Walk for Cancer w/ a Party at “The Joe”>
www.knology.com/run
“Tight Lines”
-If you don’t like what I say…TOO BAD
Charlie Company
'08
Let’s say I take out a $1mil life insurance policy and make my payments for a few years. Can I borrow $1mil from a bank and use my Life Insurance policy as collateral?
Andf then when I die…I collect my $1mil for life insurance and pay back my loan?
Nope
The life insurance company wouldn’t pay the bank back if you defaulted. You could possibly borrow the 2 or 3 cents in actual cash value you’ve accumulated
So much water, So little time
quote:
Originally posted by greg1Let’s say I take out a $1mil life insurance policy and make my payments for a few years. Can I borrow $1mil from a bank and use my Life Insurance policy as collateral?
Andf then when I die…I collect my $1mil for life insurance and pay back my loan?
A bank will allow you to use your life insurance policy as collateral, but only up to the cash surrender value, not the death benefit, because if you defaulted on the loan, you’d have to die for them to be able to collect on the collateral.
“Curiousity killed the cat, but for a while I was a suspect." Steven Wright
What if I only borrowed $500,000 and still used the $1mil policy as collateral.
What kind of payment terms could I get?
quote:
Originally posted by greg1What if I only borrowed $500,000 and still used the $1mil policy as collateral.
What kind of payment terms could I get?
Greg,
Again, the bank will only lend you money on the amount of cash value you have inside a life insurance policy. So, if you bought a $1M policy, and let’s say had it for a few years, the cash value you would have built up would still be pretty small, so you wouldn’t be able to borrow very much from the bank. All banks are interested in is where will the money come from to pay off your loan if you default. The cash value of life insurance is one place, but the death benefit doesn’t work unless the reason for default is death, and they’re not willing to bet that’s the only way the loan will default.
“Curiousity killed the cat, but for a while I was a suspect." Steven Wright