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Where can I get some investment advice?

joon82 1,044 108 March 22, 2016 at 01:06 PM
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I'm sick of stocks/funds.
I get frustrated every morning when market opens.
I did have good run for last two years.

What are some other investment options I have?
Where can I get some investment advice?

I'm thinking about buying a investment property(home) and rent it out.
Friend is pocketing $500 month after all the fees(hired landlord).
But catch is I have to put down 20-30% down payment.

9 Comments

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Joined Dec 2008
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#2
Invest in index funds, rebalance yearly (if needed) and only look at the market performance and your accounts one time per year.

Problem solved.
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"This whole.. I have XX company so my pee pee is 2" longer talk is hilarious. Who cares what company is cheapest, best, etc. Pick the company and plan you want and keep it to yourself."
Joined Jul 2005
killroy was here
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#3
what he said ----^ or talk to a financial planner
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so i spent time making a signature. only to realize that you couldn't put an image in the signature. please enjoy the link to my signature, assuming it works.

http://imgur.com/FtBghZ2
#4
invest in yourself. knowledge is power.
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#5
If you are serious about owning a rental property then check out bigger pockets (biggerpockets.com), a great place to learn about investing in real estate. Although I do not think it is as easy as you are making it seem.

Is this investing for retirement? Remember it is a long game not short term profits.

Another option would be to try some of the automated advising. Check out betterment and wealthfront, I have no personal experience with these but maybe someone else can comment on these options.
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#6
Quote from Rob_799 View Post :
If you are serious about owning a rental property then check out bigger pockets (biggerpockets.com), a great place to learn about investing in real estate. Although I do not think it is as easy as you are making it seem.

Is this investing for retirement? Remember it is a long game not short term profits.

Another option would be to try some of the automated advising. Check out betterment and wealthfront, I have no personal experience with these but maybe someone else can comment on these options.
Agree rental income isnt as easy as it sounds although its a good cashflow (most of the time) it can also have lots of headaches and can require some actual work the lesser work you do personally the smaller the profits will be.
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just being slick
#7
Quote from joon82 View Post :
I get frustrated every morning when market opens.
Well there's half your problem. Other than day traders, who are usually highly leveraged and are highly stressed out and pretty much have to research and monitor the market every second, nobody should be looking at the market and their accounts every day. All that does is lead to knee jerk reactions and emotional decision making, which is completely contrary to your long term interests. Investing in stocks and index funds are meant to be long term investments, not short term money makers. Of course you still need to do your due diligence and pick stocks wisely if you're investing in individual stocks, but the goal is for them to increase in value over a long period of time - short term performance be damned, unless it starts to look like it's a pattern turning into long term poor performance.


Look at the historical performance of the S&P 500 - https://en.wikipedia.org/wiki/S%26P_500_Index
if you look at a long term investment, there is no rolling 25 year period where it has failed to achieve a minimum 9% annualized return. Even after accounting for the years where there was a major downturn, and even if you cashed out the investment on the year where there was a major -38% downturn - if you'd had your money in the S&P 500 for 25 years, you'd have averaged 9% growth per year for those 25 years.

Why doesn't everyone do it then, you ask? because so many people either don't know, think it can't be that simple, or they're trying to 'get rich quick' by 'being an investor'. They're looking for fast, short term gains. That's fine - if you know what you're doing and you have the appetite for risk that it requires, and you're ok knowing that sometimes you're going to lose... and probably lose big at least once or twice.
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Joined Jan 2008
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#8
Thank you for the advices.
I decided to hold half of money in investment account(decide to move in to stable mutual funds NO MORE DAY TRADING).
pulling out half to buy investment property.

Here is another question.
I have mortgage with one house right now. My parents are living there and paying mortgage(been living there over 5 yrs)
Banks will not lend me more money due to having current mortgage.
I do not have paperwork nor filed tax for rental property.
I do not make any money(gain) so didn't bother to file tax on it.
My realtor is willing to write a contract? paperwork saying parents are renting the place.

Anybody had this issue or problem before? I even told them I'm willing to put down up to 30% but won't budge due to having a car payment/mortgage/apt rent etc(debt to income ratio). I'm saving almost 2k a month after paying my payments(except mortgage paid by parents).

As for investing myself, I'm planning to use my GI Bill to start my masters.

Need to get rid of this money fast. I get tempted to buy sports car that I always wanted.

Also I'm not paying off my auto loan due to super low interest rate(1.5%).
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Last edited by joon82 March 29, 2016 at 04:53 AM

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#9
Quote from joon82 View Post :
Thank you for the advices.
I decided to hold half of money in investment account(decide to move in to stable mutual funds NO MORE DAY TRADING).
pulling out half to buy investment property.

Here is another question.
I have mortgage with one house right now. My parents are living there and paying mortgage(been living there over 5 yrs)
Banks will not lend me more money due to having current mortgage.
I do not have paperwork nor filed tax for rental property.
I do not make any money(gain) so didn't bother to file tax on it.
My realtor is willing to write a contract? paperwork saying parents are renting the place.

Anybody had this issue or problem before? I even told them I'm willing to put down up to 30% but won't budge due to having a car payment/mortgage/apt rent etc(debt to income ratio). I'm saving almost 2k a month after paying my payments(except mortgage paid by parents).

As for investing myself, I'm planning to use my GI Bill to start my masters.

Need to get rid of this money fast. I get tempted to buy sports car that I always wanted.

Also I'm not paying off my auto loan due to super low interest rate(1.5%).
I have 2 cars 260k and 306k. So nice not having car payment and cheap insurance no comp or collision . I always think of how many hours have to work for car payment or that I can take really cheap cruise instead.

But I've already had the toys and learned they didn't make me any happier. also i sleep so much knowing have cash in bank. But gotta do what you think will make you happy.
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Joined Jan 2008
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Original Poster
#10
Looks like I can't get mortgage due to not filing investment property tax. All the mortgage company I talk to want atleast 2 years of tax return with investment property rental on it.
Filed amended return just now and WOW didn't know I get return for depreciation(my house actually went up $70k). Additional $900 return!

I thought of getting sports car because I had blast when I had sports car(Evo9).
Was out all weekends driving, modding, and attending car shows when I had my Evo.
Can't do that with hybrid I have right now.
Life got so boring after moving to new job and work. Need change in my life.

Anyways all my money is going back to investment account. Thank you all.
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