Where to invest money?

Never_Enough · 07-09-2018, 01:23 PM

Rather than just let it sit in savings, I am thinking I should take, at least some of, the $ from my MS6 that I just sold and buy some more stocks or maybe more in an ETF or who knows.

What are you investing in these days?

NoMoreAudi · 07-09-2018, 01:58 PM

I always have it multiple areas. I have two tech-heavy ETFs that have a lifetime return of over 40%

My day and swing trading is low-risk in blue chip but I dabble in energy and biotech every now and then. Amzn has been good to me, seeing similar returns like canadian maples did a decade ago.

If you're talking about a savings account... get that money out of there, it's doing nothing. What is your savings interest rate? 0.01%? Maybe 0.1%? 1% if you're lucky?

SunnyD · 07-09-2018, 02:00 PM

I would really try and get advice from people who do this for a living (CFPs, etc.) rather than ask a bunch of random people in OT.

TheWatchGuy · 07-09-2018, 02:11 PM

in this order

hookers
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penicillin

ShopVac · 07-09-2018, 02:16 PM

ShopVac Industries. Return on investment sucks...may not see much of the original money back...but it goes to a good cause. I heard they accept PayPal for ease of investing too.

When you say sale of the MS6...is that MazdaSpeed6?

Never_Enough · 07-09-2018, 02:23 PM

Quote:

Originally Posted by NoMoreAudi

I always have it multiple areas. I have two tech-heavy ETFs that have a lifetime return of over 40%

My day and swing trading is low-risk in blue chip but I dabble in energy and biotech every now and then. Amzn has been good to me, seeing similar returns like canadian maples did a decade ago.

If you're talking about a savings account... get that money out of there, it's doing nothing. What is your savings interest rate? 0.01%? Maybe 0.1%? 1% if you're lucky?

What ETFs do you have this money in?

Joekerr · 07-09-2018, 02:58 PM

I'd invest it with me if I were you. I promise a 11.6% return each year, guaranteed, before management fees. The management fees are 21.6% of the AUM and deducted automatically each year.

Seriously - don't ask people in OT.

Tyresian · 07-09-2018, 03:21 PM

Quote:

Originally Posted by NoMoreAudi

...If you're talking about a savings account... get that money out of there, it's doing nothing. What is your savings interest rate? 0.01%? Maybe 0.1%? 1% if you're lucky?

Interest rates are rising. Ally and Capital One 360 automatically change their savings rates, Ally is currently at 1.75%. Even when interest rates were at their lowest they offered 1%. I know it is no 2006-era ING Direct 4.5% unfortunately.

Yes there are smarter investments to make but if you're waffling or keeping some cash you can at least put it to some kind of better savings.

For investing, that's a tough call. Vanguard has several easy options. If that is too difficult there are a number of robo investors now, or depending on the amount you can get active investment.

If you're serious about asking the internet on investment advice go read up on reddit's personalfinance forum and check out bogleheads.

DETRoadster · 07-09-2018, 03:28 PM

Quote:

Originally Posted by Joekerr

Seriously - don't ask people in OT.

Aw, come on, we can still give the guy some solid advice that may help him.

Here's a couple dos and donts, IMO:

Dont - Take advice from anyone on this forum or any other on specific stocks, ETFs, bonds, real estate, etc. to invest your money in.

Do - Talk to a couple professional financial planners who can learn your whole financial situation, your goals, your tolerance for risk, your investing timeframe, your investing knowledge, and tailor some investments specific to you.

Do - Ask each professional you talk to how they are compensated. Do they make money off individual funds by recommending those funds to you? Or, do they take a straight % off the top? In my early days I had a financial planner who made kickbacks from the various funds by recommending them to clients like me. Surprise surprise, he did quite well for himself and my investments languished.

overcoil · 07-09-2018, 03:48 PM

These are always fun to read
https://www.sec.gov/litigation/admin.shtml

MKSixer · 07-09-2018, 05:41 PM

Quote:

Originally Posted by TheWatchGuy

in this order

hookers
blow
penicillin

so0fresh · 07-09-2018, 05:45 PM

Cryptocurrency!

NoMoreAudi · 07-09-2018, 05:47 PM

Yeah for all we know, people in OT could be 10 year old kids giving advice on investing, right?

DETRoadster brings up a good point about commission and profit for the "advice" given to individuals based on funds / recommendation, etc.

I don't know how you feel about this but personally, but I can't absorb any financial advice from someone whose net worth is just their annual salary (ie. they spend beyond their means / are unable to save).

JamesWWIII · 07-09-2018, 05:52 PM

Quote:

Originally Posted by Never_Enough

What are you investing in these days?

Things that increase in value, hopefully.

bimmer456 · 07-09-2018, 05:54 PM

Invest in real estate and stocks. My house I brought in 2012 has appreciated over 200K. My brokerage account is up 55% since I opened it in 2015. Cars generally speaking are a bad investment, but that's now what I brought mine for.

///M Power-Belgium · 07-09-2018, 05:58 PM

Quote:

Originally Posted by Joekerr

I'd invest it with me if I were you. I promise a 11.6% return each year, guaranteed, before management fees. The management fees are 21.6% of the AUM and deducted automatically each year.

Seriously - don't ask people in OT.

Caesar .No one on earth will trust you with your Avatar picture !

ASAP · 07-09-2018, 07:04 PM

All I know about investing is that 99% of people are not able to beat the steady returns of the market... you may get lucky... you may not... but most billion dollar hedge fund managers cannot.

stbm5 · 07-09-2018, 09:16 PM

DRIV

MojoRider · 07-09-2018, 09:32 PM

keep it simple

https://www.cnbc.com/2017/05/12/warr...-the-time.html

TrAcK TRaP · 07-09-2018, 09:53 PM

That is very simple. Answer is GOLD..

xQx · 07-09-2018, 11:26 PM

Bitcoin!

zx10guy · 07-10-2018, 01:01 AM

Quote:

Originally Posted by ShopVac

ShopVac Industries. Return on investment sucks...may not see much of the original money back...but it goes to a good cause. I heard they accept PayPal for ease of investing too.

When you say sale of the MS6...is that MazdaSpeed6?

I have to laugh when I see ShopVac and suck used in the same paragraph.

07-09-2018, 01:23 PM	#1
Never_Enough Banned 2225 Rep 2,476 Posts Drives: Satan's Chariot 2.0 Join Date: Sep 2013 Location: PA iTrader: (6) Garage List 2018 Charger Hellcat [0.00]	Where to invest money? Rather than just let it sit in savings, I am thinking I should take, at least some of, the $ from my MS6 that I just sold and buy some more stocks or maybe more in an ETF or who knows. What are you investing in these days?
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07-09-2018, 01:58 PM	#2
NoMoreAudi Lieutenant 225 Rep 421 Posts Drives: F86 Join Date: Sep 2015 Location: California iTrader: (3) Garage List 2019 X6M [0.00]	I always have it multiple areas. I have two tech-heavy ETFs that have a lifetime return of over 40% My day and swing trading is low-risk in blue chip but I dabble in energy and biotech every now and then. Amzn has been good to me, seeing similar returns like canadian maples did a decade ago. If you're talking about a savings account... get that money out of there, it's doing nothing. What is your savings interest rate? 0.01%? Maybe 0.1%? 1% if you're lucky?
	Appreciate 1 EnVe461044.00 Quote

07-09-2018, 02:00 PM	#3
SunnyD Major 465 Rep 1,309 Posts Drives: M4 GTS Join Date: Dec 2006 Location: Long Beach, CA iTrader: (1)	I would really try and get advice from people who do this for a living (CFPs, etc.) rather than ask a bunch of random people in OT. __________________ '16 ///M4 GTS '11.75 ///E90 M3 ZCP \| DCT '06 ///M5 \| SMG - Gone '98 ///M3 \| 5MT - Gone '07 ///M Coupe \| 6MT - Gone
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07-09-2018, 02:11 PM	#4
TheWatchGuy Colonel 3929 Rep 2,547 Posts Drives: 335xi Join Date: Mar 2018 Location: CO iTrader: (0)	in this order hookers blow penicillin __________________ @drunkcowatches on ig Am I a watch guy, or do i watch guys?
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07-09-2018, 02:16 PM	#5
ShopVac Not willing to take advice 4608 Rep 1,575 Posts Drives: F82 M4 - 6MT Join Date: May 2010 Location: PA iTrader: (1) Garage List 2014 Porsche 981 Bo ... [10.00] 2018 BMW M4 [9.87] 2023 Genesis GV70 [8.25] 2014 Audi S4 [8.25]	ShopVac Industries. Return on investment sucks...may not see much of the original money back...but it goes to a good cause. I heard they accept PayPal for ease of investing too. When you say sale of the MS6...is that MazdaSpeed6?
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07-09-2018, 02:58 PM	#7
Joekerr Banned 7922 Rep 1,923 Posts Drives: 2017 Audi S6 Join Date: Jan 2008 Location: Toronto, ON iTrader: (0)	I'd invest it with me if I were you. I promise a 11.6% return each year, guaranteed, before management fees. The management fees are 21.6% of the AUM and deducted automatically each year. Seriously - don't ask people in OT.
	Appreciate 2 MKSixer34126.50 Quote

07-09-2018, 03:48 PM	#10
overcoil Major General 3121 Rep 5,582 Posts Drives: M235i 6spd Join Date: Dec 2013 Location: Mid-Atlantic iTrader: (0)	These are always fun to read https://www.sec.gov/litigation/admin.shtml
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07-09-2018, 05:45 PM	#12
so0fresh Private First Class 47 Rep 115 Posts Drives: BMW M3 Join Date: Feb 2017 Location: Long Beach,CA iTrader: (0)	Cryptocurrency!
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07-09-2018, 05:47 PM	#13
NoMoreAudi Lieutenant 225 Rep 421 Posts Drives: F86 Join Date: Sep 2015 Location: California iTrader: (3) Garage List 2019 X6M [0.00]	Yeah for all we know, people in OT could be 10 year old kids giving advice on investing, right? DETRoadster brings up a good point about commission and profit for the "advice" given to individuals based on funds / recommendation, etc. I don't know how you feel about this but personally, but I can't absorb any financial advice from someone whose net worth is just their annual salary (ie. they spend beyond their means / are unable to save).
	Appreciate 0 Quote

07-09-2018, 05:54 PM	#15
bimmer456 Major General 3071 Rep 6,089 Posts Drives: 340i Join Date: Nov 2016 Location: Pasadena, CA iTrader: (0)	Invest in real estate and stocks. My house I brought in 2012 has appreciated over 200K. My brokerage account is up 55% since I opened it in 2015. Cars generally speaking are a bad investment, but that's now what I brought mine for.
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07-09-2018, 07:04 PM	#17
ASAP Major General 10866 Rep 9,051 Posts Drives: '23 X3 M40i Join Date: Sep 2012 Location: FL iTrader: (0)	All I know about investing is that 99% of people are not able to beat the steady returns of the market... you may get lucky... you may not... but most billion dollar hedge fund managers cannot.
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07-09-2018, 09:16 PM	#18
stbm5 Lieutenant 293 Rep 532 Posts Drives: 2018 M5 DG Join Date: Mar 2018 Location: 72211 iTrader: (0)	DRIV
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07-09-2018, 09:32 PM	#19
MojoRider Private 104 Rep 91 Posts Drives: 430i Join Date: Apr 2017 Location: San Diego iTrader: (0)	keep it simple https://www.cnbc.com/2017/05/12/warr...-the-time.html __________________ 2017 430i\|Mineral Grey/Coral Red\|M Sports Package\|Premium\|Tech\|Lighting\|Red Dachshund
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07-09-2018, 09:53 PM	#20
TrAcK TRaP bOrN To DiE 414 Rep 1,736 Posts Drives: 2011 E92 M3 ZCP Join Date: Apr 2013 Location: South Jersey iTrader: (0)	That is very simple. Answer is GOLD..
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07-09-2018, 11:26 PM	#21
xQx General 906 Rep 1,004 Posts Drives: 2008 BMW 135i (E88 N54 6AT) Join Date: Aug 2016 Location: Sunshine Coast QLD Australia iTrader: (0)	Bitcoin!
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