Where to put money?

[347Mike]

Besides hookers, blow, booze and on black oh and silver/gold....

Where do you guys diversify your money? I have a little bit in the market and some other investments but other than that the rest is in a savings account. I know I made a thread in Canada inquiring about CD's but couldn't find it. Besides a savings account and the market, where else do you put your money? Bonds, CD's, etc?

Id like to put it somewhere that makes a bit more than the measly few percent (if that) I get in my savings account.

I am not trying to turn this into a solid barg thread, I am just curious what some of you others do - those of you that are financially sound that is....

TIA!

[78X]

Coffee can under my bed

[Broncojohnny]

100% stocks for me. Bonds suck right now. Savings accounts and CDs don't pay shit. Commodities are a shit show, not to mention a fucking scam to begin with. Where else is there?

Keep in mind that not all shares are equal. There are high quality blue chips that pay 3-4%. There are mortgage REITs that pay 17% but you better know when to leave if you get in them (risky!). You could also look at municipal bond funds, (PIMCO funds, MHI etc etc) which will mitigate some of the default risk of muni bonds, some of those will pay you 7-8% tax free. Just pray for no defaults.

Most importantly, you'd be crazy to listen to me because this is the internet and I could be a monkey banging away at a keyboard.

[347Mike]

100% stocks for me. Bonds suck right now. Savings accounts and CDs don't pay shit. Commodities are a shit show, not to mention a fucking scam to begin with. Where else is there?

Keep in mind that not all shares are equal. There are high quality blue chips that pay 3-4%. There are mortgage REITs that pay 17% but you better know when to leave if you get in them (risky!). You could also look at municipal bond funds, (PIMCO funds, MHI etc etc) which will mitigate some of the default risk of muni bonds, some of those will pay you 7-8% tax free. Just pray for no defaults.

Most importantly, you'd be crazy to listen to me because this is the internet and I could be a monkey banging away at a keyboard.

1) I don't make any investment without doing my own due dilligence.
2) Your advice was one of the ones I was hoping to hear so don't be so humble.

How do I know which investments are tax free or are all stocks for example taxable but certain bonds aren't?

I was hoping for something a bit more secure or shall I say, less risky. I am using a quarter of my liquid cash in the market right now and have thought about moving all of it to the market but I am a bit nervous about that idea for obvious reasons.

What are a few stocks you are invested in if you don't mind me asking? I know JNJ is one of them.

[Moose242]

Gold and guns.

[HarrisonTX]

My right hand, THANKS

[Lason]

Gold and guns.

You forgot daddy

[347Mike]

You forgot daddy

[Strychnine]

Mutual funds and real estate for the most part.

[347Mike]

Mutual funds and real estate for the most part.

Real estate besides your home?

[Sean88gt]

Real estate besides your home?

Hard assets are always good. If you can buy an acre or two or twenty a bit at a time, do it. Population is growing, food needs are increasing and supplies are getting smaller. I believe that land prices will skyrocket in the next several years.

[Moose242]

You forgot daddy

Oh yeah, I forgot that I am heir to a vast van rental fortune. No need to work or put money away.

[Strychnine]

Real estate besides your home?

Yes. Invested in a property group that gets me 15% guaranteed.

[347Mike]

Hard assets are always good. If you can buy an acre or two or twenty a bit at a time, do it. Population is growing, food needs are increasing and supplies are getting smaller. I believe that land prices will skyrocket in the next several years.

I plan on renting my house out in the next year or two and buying a second home. But my mindset is similar to what you are suggesting. I want to start small than possibly own several. Whether the income of that property generates income or helps me pay off the house quicker, I can care less, as long as it does one of the two.

This is sort of contradicting from what I just said but I would think land is not very quick to flip or should I say a lot more of a hassle ie paper work if it is anything like a house.

Matt - care to provide more details? I can PM if you if you like.

[Silverback]

in your sock.