Hemorrhaging Money

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  • scottaworley
    scottaworley Posts: 871 Member

    Right now? Real estate.


    Real estate is just too much work for me right now. Wish I could flip and rent some houses.


    Are you familiar with REITs?

    Familiar as in I've heard of them. I don't have a great understanding of them, though.

    Do you have a financial advisor or someone you trust that you can discuss them with? This is a good starting place for general information: http://www.reit.com/~/media/PDFs/UpdatedInvestorsGuideToREITs.ashx

    No financial advisor. I talk about investments with my uncle and I'll see what he knows about it.
    Thanks for the link!
  • debbash68
    debbash68 Posts: 981 Member
    Amazon - numbers are looking good for this year.
    They're not paying the right amount of tax anywhere that could be why! Think this issue is hotting up over here in England, so may be repercussions?
  • labeachgirl
    labeachgirl Posts: 158 Member
    Mobil Oil/Exxon (XOM) - next to Apple it's one of the highest valued companies, and they pay dividends.
  • scottaworley
    scottaworley Posts: 871 Member
    Mobil Oil/Exxon (XOM) - next to Apple it's one of the highest valued companies, and they pay dividends.

    I kind of hate Exxon Mobile, so I refuse to buy them outright. I do, however, have them in my portfolio via a few ETFs and mutual funds.
  • whierd
    whierd Posts: 14,025 Member
    I don't really buy individual stocks very often, I mainly invest in mutual funds and the occasional index fund.

    I second the advice to buy real estate, especially rentals at this point in time. The housing market is recovering and the housing values should appreciate if you buy wisely. And the cash flow from the rentals could eventually replace your current income.
  • Warchortle
    Warchortle Posts: 2,197 Member
    Grocery stores or any market that exploits bad economic times like alcohol sales.
  • kimosabe1
    kimosabe1 Posts: 2,467 Member
    Copart-
  • whierd
    whierd Posts: 14,025 Member
    Grocery stores or any market that exploits bad economic times like alcohol sales.

    A few years ago that would have been golden advice, to invest in 99 cent stores.
  • scottaworley
    scottaworley Posts: 871 Member
    I don't really buy individual stocks very often, I mainly invest in mutual funds and the occasional index fund.

    I second the advice to buy real estate, especially rentals at this point in time. The housing market is recovering and the housing values should appreciate if you buy wisely. And the cash flow from the rentals could eventually replace your current income.

    The problem is that in Dallas the market has basically already recovered. I've talked to my realtor, and he seems to think that this is not the right to buy.
  • Redbird99ky
    Redbird99ky Posts: 305 Member
    Is this one of those things where I have to pay for this advice?

    Some say that you get what you pay for ...

    Personally, I don't do single stocks. There are a number of good mutual funds that do well enough.
  • ldrosophila
    ldrosophila Posts: 7,512 Member
    Is the housing market really recovering? Arent we still stuck with the same problems that we had in 2009? Are they starting back on the building boom or do half built houses still sit vacant? Did they fix fanny mae and the banks?

    Do you think first time buyer loans will be easier to obtain now or higher? I guess living in Cali where rent is ridiculous it's more prudent to buy then to rent.

    Sorry for highjack OP just got me thinking.

    Another fear I have is this trend now with business going to 30hours d/t Obamacare how are people going to be able to afford anything seems we will be back where we were 4 years ago or worse...sorry thinking out loud
  • scottaworley
    scottaworley Posts: 871 Member
    Is this one of those things where I have to pay for this advice?

    Some say that you get what you pay for ...

    Personally, I don't do single stocks. There are a number of good mutual funds that do well enough.

    I think that a combination is prudent. A good mutual fund can not consistently beat the market. A good single investor has a much greater ability to do so.
    On the other hand, investing in single stocks is inherently volatile. Mutual funds and ETFs help to smooth the volatility.
  • scottaworley
    scottaworley Posts: 871 Member
    Is the housing market really recovering? Arent we still stuck with the same problems that we had in 2009? Are they starting back on the building boom or do half built houses still sit vacant? Did they fix fanny mae and the banks?

    Do you think first time buyer loans will be easier to obtain now or higher? I guess living in Cali where rent is ridiculous it's more prudent to buy then to rent.

    Sorry for highjack OP just got me thinking.

    Another fear I have is this trend now with business going to 30hours d/t Obamacare how are people going to be able to afford anything seems we will be back were we were 4 years ago or worse...sorry thinking out loud

    In short, yes. Existing home sales are up. New construction is up. I don't know about the rest of the country, but in Dallas houses are bought before they hit the market. I bought my house before it went on the market, and my neighbors just sold their house without putting it on the market.
    Investing in real estate, however, you have another side to the coin. If people can't buy then they are going to rent. That means a larger market for you to rent to. So as a person who invests in real estate you really don't want the housing market to recover.
  • ldrosophila
    ldrosophila Posts: 7,512 Member
    Is the housing market really recovering? Arent we still stuck with the same problems that we had in 2009? Are they starting back on the building boom or do half built houses still sit vacant? Did they fix fanny mae and the banks?

    Do you think first time buyer loans will be easier to obtain now or higher? I guess living in Cali where rent is ridiculous it's more prudent to buy then to rent.

    Sorry for highjack OP just got me thinking.

    Another fear I have is this trend now with business going to 30hours d/t Obamacare how are people going to be able to afford anything seems we will be back were we were 4 years ago or worse...sorry thinking out loud

    In short, yes. Existing home sales are up. New construction is up. I don't know about the rest of the country, but in Dallas houses are bought before they hit the market. I bought my house before it went on the market, and my neighbors just sold their house without putting it on the market.
    Investing in real estate, however, you have another side to the coin. If people can't buy then they are going to rent. That means a larger market for you to rent to. So as a person who invests in real estate you really don't want the housing market to recover.

    If we didnt live with the threat of having the hospital shut down d/t medi-cal cuts I might actually buy out here it would be so much cheaper than renting. Due to demand the landlords can charge whatever they want.

    I know nothing about investing, but the idea we are actually recovering is intriguing. I still think it's too good to be true.
  • whierd
    whierd Posts: 14,025 Member
    The economy has been recovering for months now actually. :)
  • Ashkea76
    Ashkea76 Posts: 7,162 Member
    I don't really buy individual stocks very often, I mainly invest in mutual funds and the occasional index fund.

    I second the advice to buy real estate, especially rentals at this point in time. The housing market is recovering and the housing values should appreciate if you buy wisely. And the cash flow from the rentals could eventually replace your current income.

    Agree, I invest in mutual funds. LOVE them. Systematic Investment plan, and move things around as needed, but mostly, I'm set. Love them.
  • ldrosophila
    ldrosophila Posts: 7,512 Member
    The economy has been recovering for months now actually. :)

    too tangenty...LOL I'm to much of a bear without any investments

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