[jfiore13]

Just wondering what some of you other fellow forum members do with your extra cash? Best way to invest besides stocks! Safe investments.. I see Wells Fargo gives you 5% on a high yield saving account. Anything else better out there that I am not aware of? Look to invest some money for a year or so and earn the interest.

Thanks in advance !

[MetsFan]

You must mean 0.05%... I haven't seen 5% interest in a few years. Link?

[mccannable]

I'm in for 5% but prob a catch. Saw a credit union offer something similar but fine print said only for first $100

[KingOfJericho]

It's 0.05% for $25-100K and 0.10% for >$100k. Nice try though.

[PSUSMU]

lol

[KingOfJericho]

Putting it into perspective... if you invested $100,000 at 0.10%, you would earn $100 in a year. $25,000 for a year at 0.05% gets you a whopping $12.50. It's a joke but that's what risk-free is paying at the moment.

[Foxrus14]

Realestate... We just bought a Place on the lake that needed some fixing up. Came with a boat slip and everything. It was in foreclosure. Spent $90,000... after new flooring, Cabinets and paint could sell for $200,000-$219,000 but will probably keep for visiting family and a weekend home. I guess when you live in one of the cities in the US that is growing the fastest it helps the housing market

[KingOfJericho]

Originally Posted by Foxrus14

Realestate... We just bought a Place on the lake that needed some fixing up. Came with a boat slip and everything. It was in foreclosure. Spent $90,000... after new flooring, Cabinets and paint could sell for $200,000-$219,000 but will probably keep for visiting family and a weekend home. I guess when you live in one of the cities in the US that is growing the fastest it helps the housing market

Those prices just aren't happening in his/this area.

[ENGINE er]

My private lenders make anywhere from 10-15% return and all of their money is secured by real property (their name is on the deed/members in llc ect).

If you want to buy real estate for rental you can make as high as 50% return on capital but its not 100% passive, it requires being a land lord. (and not being in cali/east cost)

[Foxrus14]

He said he was looking to invest for about a year or so. Find the right piece of property, Buy it and turn it around with a few upgrades. Make an easy 100% ROI in 12 months... This is why Cali sucks ass and should be given to Mexico!

[KingOfJericho]

He lives in NJ. It's hard to take a $500k house in a neighborhood of $500,000 houses and sell it for $1M. That's unrealistic. It might be possible to do in less expensive areas but NJ isn't one of them. You'd be hard pressed to squeeze a 15% return around here. Additionally, the time invested is not something that many people can spare.

[ENGINE er]

jericho, flipping houses is not about selling them for more than they are worth, its about buying them deeply discounted and selling at market prices.

Places like cali, NJ, or anywhere with high real estate prices lend themselves very well to house flipping actually. Its hard to find a deal anywhere that is listed on the MLS, the real investors get the non listed homes.

[donovan]

There should be an investment thread already..

[KingOfJericho]

Originally Posted by ENGINE er

jericho, flipping houses is not about selling them for more than they are worth, its about buying them deeply discounted and selling at market prices.

Places like cali, NJ, or anywhere with high real estate prices lend themselves very well to house flipping actually. Its hard to find a deal anywhere that is listed on the MLS, the real investors get the non listed homes.

That's all great and I'm sure it's accurate but for a casual investor with zero experience in this type of transaction, it's not a practical way to put some extra money to work.

[ENGINE er]

no argument there at all. Its not for the passive investor. Thats why i work with investors that want to play in real estate while still being truly passive. These investors lend me money to buy and renovate, and they make 10-15% on their cash and its secured by the asset and never more than 70% of the repaired value.

Point is there are plenty of ways to play in real estate from hands on flipping and landlording to hands off large sums of money in REITs.

[yarviinn]

I double down on blackjack with it.

[keepittrill]

Tips are for waiters, not traders.

[amanda hor$t]

avalanche!

but really, if you don't have a house yet (have meaning paid for), nothing else matters. do you know how easy it is to get by once there's no more rent/mortgage bill?

and if you're gonna get a swiss bank account, go to a bank WITHOUT u.s. representation.