Home Forums Hunting & Shooting Hunter's Campfire How would you invest

Hunter Biden made a fortune with that plan...

On the one hand you gush over our polite friend from Canada and his manners and how much it's needed on this forum, but then show your ass to the world.

But just keep deluding yourself that you're one of those people "that gets it".

Gush is a pretty strong word Ballz...

Your menstrual cycle must be extra heavy at the moment.

Bless your heart... and take a couple Midol... maybe?

FYI...

It is actually T1-11... not T-111.

Just trying to be helpful.

Damn, no wonder my siding keeps falling off, I've been using the T-111 discount stuff!!

Playing with your OCD never gets old.

Well durn... You got me...

You pulled the old switcheroo... and knew full well that it was T1-11 and not T-111...

Just like the cool $850,000 you is investing.

Dang...

And all this time I just thought you were a stupid fugging moron...

It's actually $850.00, not $850,000

Double durn...

I own some RIOT that I bought at $5.63 a share not long ago. It closed at $9.93 today. Not too shabby for about a month. But RIOT can break your heart. Most of 2020 it was in the $2 to $3 range and then shot up to over $70 in February of 2021. I had bought several hundred shares at below $3 but didn't get out until they were back down in the $40 and $30s. A heck of a nice gain but about half of what it could have been. Some poor souls bought in at $70 and bless their hearts saw it go to a little over $4.

With the central banks looking at crypto as enemy #1 I wouldn't go whole hog on it.

To the original inquiry, I would sure want to only take advice from someone with a long track record of success. That wouldn't be me. I've lucked into some really good stocks and done the best with rural land increasing in value. But I've sure picked some dogs too. My trouble is reluctance to sell when things get overvalued (such as RIOT).

I've gave tenants a good reference because I wanted them the hell out of my house so I could try to clean it back up. I've never had renters take care of yards and all my rentals were single family homes. I couldn't handle the stress of watching people destroy my stuff and couldn't make money unless I managed the homes and did the repairs. I had a place charge me $530 to replace a thermostat with one that was $22 at walmart.

I unfortunately sold most of my rentals too early a few years ago. I missed the big run up I was planning for when I bought them. I tried to sell my last one about 3 months ago for a huge profit but my wife didn't want to let it go. It's already down about $50k in value in just the last few months.

After our renters moved out last month we had to clean the inside with snow shovels and 39 gallon trash bags. They even left their dishes in the sink dirty. Garbage everywhere. Hauled 4 full pickup bed loads of just garbage to the dump them a few more loads of their belongings they refused to come get. Then their dad called and asked for the deposit back. I laughed and said that didn't cover the yard work and the inside of the house was much worse.

Renters can really suck but if my timing would have been better I could have made a lot of money. I was into my houses an average of about $125k each and a few months ago they were all valued between $350k-$400k if I would have still had them. I just raised rent on our last one when I rerented it. The last slobs were only paying $1200, I raised it to $1700 and rented it easily. However a few years ago our taxes and insurance averaged about $180 a month. Now it's over $450 a month so I only see $1250 of the $1700.

Bb

Great call.

BTW, your post count is rather devilish. 😈

You got some cool and practical hobbies.

Rental property is a good deal but be careful what State said property is in . This trend in squatting is unnerving to say the least.

I have had rental properties in the past NJ and FL and had some great tenants others not so great.

This is a lot more complicated question than it seems at first glance.

How much hands on do you want in this "investment"? Or how much time and interest do you have in being a hands on manager? Doesn't matter if it is rentals, day trading, or selling ping pong balls, you need to define how hands on you want to be to start with.

I have several buddies who are day traders and they are pretty much part time on the computer studying their investments every day, including weekends. They get by, but they have tight months and they have good months, but it takes a lot of their time. Rentals are going to be the same- are you going to be the one cleaning them every time somebody does damage, calls about a light bulb being out, or moves out and leaves a pig sty? Or are you going to hire a management company to take care of all of tha for you at a percentage of your income stream?

If you don't want the hassle, either buy a house that is undervalued, fix it up, and either rent it or flip it and move on to the next one by leveraging the value of the property with a HELOC. If that is too much trouble, get yourself a good investment counselor or stockbroker and let him handle the stress of diversifying your funds for the best return. My broker is a good hunting buddy who used to be on this forum and he has done a great job for me over the years. I don't know enough to do the trading myself and expect decent returns- I've tried and lost my butt several times. And I can't handle the volatile nature of certain investments so I need someone to hand off to and I keep away from checking up on him constantly. I've had bad brokers and you will lose your butt with most of them. But if you can find one you can trust like my buddy John, they can do a great job for you and you just sit back and watch your investment grow.

Of course, these are just examples, there are lots of ways to go with an investment like that, but sitting down with an investment couselor can help determine your priorities and a strategy.

Talking with two different financial advisors. Making some short term changes until all the details can be ironed out and tax liabilities mitigated.

Fireball, ask your advisors about the new Treasury ETF’s coming on the market. They’ll initially be offered in 2 year and 10 year maturity dates but can be accessed daily just like selling a stock.

These are supposed to be expanded to more maturity date offerings like the 5 year, 7 year and on out to the 30 year.

In a rising rate environment like we’re now in you’d most likely want to stay with shorter maturities.

With these you have both safety and immediate access should you have a sudden need crop up on you.

Good luck with your decision and let us know what direction you’re gonna take.

I buy tillable farm land. Good land rents out quickly, as in within hours of the word getting out. Ask for 25 percent at the beginning of the year and the balance 30 days after harvest.