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| Moderated by: MrParanormal |
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MrParanormal Original500© Member  A soft answer turns anger away
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Hey everyone I know this is off topic and I may get bombed but what they hey nothing ventured nothing gained. Yesterday I discovered I have an inheritance coming, and I'm on disability hoping to reinvest the inheritance into a recurring income generator, so I could get off disability. I'm wondering if anyone here can recommen investments ?
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foxglovepress Forum-Blogger© Original500© Member  NON-PC!!
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MrParanormal wrote: Hey everyone I know this is off topic and I may get bombed but what they hey nothing ventured nothing gained. Yesterday I discovered I have an inheritance coming, and I'm on disability hoping to reinvest the inheritance into a recurring income generator, so I could get off disability. I'm wondering if anyone here can recommen investments ? Hey that's AWESOME! You might do better at getting some response if you post this in 24 Open Talk! Good Luck, I know there's people here who could at least steer you in the right direction. 
 Justice for Mark.....Imprison Employers Who Hire ILLEGALS! |
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JustifiedByFaith Pioneer100© Member  Jesus...above every other name
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MrParanormal, I think silver is the "diamond in the rough". With the tanking dollar and oil going up up up! The metals usually look good in this climate. The metals are in year 5 or 6 of a typical 10 year bull market. I would look at silver very closely.
Jesus said, "Take heed that no one deceives you." Matthew 24:4 |
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librtyhead Original500© Member 
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 If you can find any! Nobody is selling in the recent dip. @25.00 by summer.
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Marie5656 Forum-Blogger© Original500© Member  Just hanging out
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JustifiedByFaith wrote: MrParanormal, I have recently been hearing the same about gold.
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24HourNut Administrator  Body pillows rock!
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MrParanormal wrote: Hey everyone I know this is off topic and I may get bombed but what they hey nothing ventured nothing gained. Yesterday I discovered I have an inheritance coming, and I'm on disability hoping to reinvest the inheritance into a recurring income generator, so I could get off disability. I'm wondering if anyone here can recommen investments ? It is really going to depend upon your general risk tolerance, tax situation, and most importantly, time frame. Stay diversified, regardless. Generally, it would be a portfolio of stocks and bonds, generating dividends and interest. You can turn the dial on how conservative you want to be by turning down the equity portion while increasing the bond portion. You can do the same within each category - for example, focusing on safer Government bonds more than corporate bonds. If you really don't want to spend time educating yourself about these things to the point where you are confidently buying individual stocks and bonds like an expert, and don't want to pay money (even indirectly) to have someone do it for you, then I strongly recommend a highly ethical and low-cost provider of low-fee indexed mutual funds, like Vanguard. I am a big Vanguard fan. The owner is the grandfather of mutual funds and exposed the mutual fund industry for charging too much while providing results that did no better than automated indexes of stock groups representing the same basic exposure as the managed mutual funds. I recommend them for IRAs or 529 College Saving Plans as well. So, you might want to consider the equity and bond funds at Vanguard that generate interest and dividends. I remember their GNMA (Ginnie Mae) was excellent as part of the "safe" slice in your pie since it has pseudo-guarantee by the Government but gave better yields than Treasuries, which are the safest. For international exposure, where you have to deal with foreign taxes and other headaches, you might want to see what money you can put away in Roth IRAs and use the money in those to buy things that generate foreign tax. That way, in the tax-sheltered Roth, you don't have to deal with an accountant on that issue. I happen to be a fan of the index shares of specific countries that offer relatively high dividends. It is a good, diversified, high-dividend way to get some international and stock exposure at the same time. Similarly, foreign precious metal funds that include both the metal and the mining companies are another valid diversifying component of your international slice of pie. They can deliver a good yield as well. Check out morningstar.com to examine funds. Check out vanguard.com to examine low-fee, no sales charge, indexed mutual funds Check out ishares.com to examine indexed shares of specific countries Respect the sound principles of long-term investing when creating your income portfolio Stick to your plan - do not buy anything based upon what others are saying about a market, or even what you think about a market. Be in something because it is an asset type your needs and time-frame allow for or should include. Period. That is why one of the key things you need to learn is what part of your mix should contain a growth element, if any. Or if you really need to make it all income-focused. I recommend the S&P 500 index to be a core holding in the slice that represents the "diversified U.S. stock market" since it is a nice blend of quality growth and value stocks that offers a dividend. A possible substitute, if you want to sacrifice some growth potential in exchange for stronger dividends and more conservative stocks, are the index shares and funds out there that offer the higher dividend yielding stocks from the group. In the end, you should spend a lot of hours this next month finding out what I am talking about so that you have an education enough to make some decisions. At least, that way, if you do enlist a professional, you know about things like low fees, dividend yields, index shares and index funds. Be weary of people trying to sell you annuities. Beware of people trying to sell you managed mutual funds, which typically contain high fees per year. If you educate yourself about the things I mentioned and get comfortable, you will wind up saving a lot of money in fees and know things instinctively, such as making your overall mix more conservative as you get older, since you can't afford to risk the time it could take to recover from a stock-heavy portfolio gone bad when you are 60, let's say. In the end, education can make your overall yield be higher while taking on the same exact risk level due to the savings in annual fees. Lots of financial experts won't recommend things they are not familiar with. They often come from the corner of what they can sell you, what their bank has trained them to inform you about ... they will not tell you the secret. The secret is that you can buy investments that give you the same exact exposure they can give you only without the high fees. You have risk dials - average bond duration length and credit rating in a fund, how much stocks (25%?) to have in your mix in general, how much should be cash-equivalent (safe CDs, Government bonds?), how much you can put in a riskier high-yield corporate bond fund, the list goes on. Read a lot is my best advice, then create your income portfolio using sound principles such as diversification and sticking with quality and low-fees. Be a robot, no emotion, no guessing or feeling about this market or that. It's boring, but I believe that for the vast majority of people, it is almost always the best way in the long run.
The best human beings start good new topics and vote on the better posts. |
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librtyhead Original500© Member
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Now that was thought out!.....
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MrParanormal Original500© Member A soft answer turns anger away
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Hey everyone sorry to be so long reponding been fixing computers the last couple days, been another hectic spring break lol. Thanks for all this useful feedback now I have avenues to explore that wasn't in the forefront of my mind before.
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