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What would you invest $10k in right now?

Discussion in 'General Off Topic Forums' started by toxcrusadr, Jul 7, 2018.

  1. toxcrusadr

    toxcrusadr AK Subscriber Subscriber

    Messages:
    33,208
    Location:
    Central Missouri
    Looking to invest some of an elderly parent's savings. I've avoided the stock market as it seems to be in a bubble, but maybe I'm wrong about that. Otherwise I'd just buy an index fund. Such strange times I don't know what to do.

    Let's say it's not funds we're going to need real soon but probably not looking for high risk/aggressive growth investments either. I just hate to let it sit doing nothing.

    Bonds?

    A CD would suck but better than the 0.001% in the checking account.

    Yeah, I know you guys aren't investment advisors. Just wondering what your opinion might be. I should get a pro for my own stuff, not to mention theirs. But since I haven't done that yet...I know some of you are doing the same things.

    No politics please, just finances. :thumbsup:
     

     

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  2. KingBubba

    KingBubba "Too Much Stuff" Subscriber

    Messages:
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    Vanguard Wellington fund is a great place for older fund owners. It is 70% stock and 30% bond. I had a good portion, approx.50%, of mine and my wife's IRAs in that fund during the 2008/2009 recession. They dropped, but nowhere near what my index funds did. They are not safe like a savings account or a money market account, but they have done very well for me while keeping me a good bit safer than other funds I have. I also have Prime Money Market account. It does not return much, but is a good bit safer. I am 66 and feel very secure with Vanguard funds, but I am very clear on what my risk is. Go to the Vanguard website and do some reading.
     
    Last edited: Jul 8, 2018
  3. 4-2-7

    4-2-7 Smart Ass Sponsor Subscriber

    Messages:
    28,950
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    San Francisco Peninsula
    $9,300.00
    500oz


    152633_Slab.jpg
     
    avionic and Harvestor like this.
  4. Mark B

    Mark B Yamaha Fan Subscriber

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  5. tubed

    tubed Lunatic Member

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    15,530
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    Aztlan
  6. lokerola

    lokerola AK Subscriber Subscriber

    Messages:
    1,387
    Location:
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    Orange juice futures.

    looking-good-billy-ray-feeling-good-louis.jpg

    EDIT - Sorry for my somewhat crass joke above. Don't listen to internet people (no matter how well intentioned). Go see a fee-only certified financial planner, and since your parents are elderly, make sure you're consulting an elder care attorney, or one who is familiar with elder care issues (POA, wills, long term health care costs, reverse mortgages, etc). Their health care costs and options for paying for health care can greatly impact how you invest that money. Good luck.



    .
     
    Last edited: Jul 7, 2018

     

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  7. Cadillac Kid

    Cadillac Kid Addicted Member

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    For my conservative move I just bought several staggered one year CDs at 2.5 percent. Another investment that has worked for me is high dividend stocks, specifically Waste Management (WM) and Chevron (CVX). Both at near all time high so risky short term.
     
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  8. toxcrusadr

    toxcrusadr AK Subscriber Subscriber

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    Location:
    Central Missouri
    Good stuff guys, keep it coming.

    tubed, I don't know what those graphs are yet but they look impressive.
     
  9. trinhsman

    trinhsman AK Subscriber Subscriber

    Messages:
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    On a lake in Georgia
    Fidelity Magellan mutual fund. Been around a long time. Solid 5 year and 10 year history. Pays an OK dividend. If you are a person of faith, then Solomon Foundation. Solid dividend. I know the Chairman of the Board and he’s a solid man. IMHO
     
  10. restorer-john

    restorer-john Addicted Member

    Messages:
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    Maybe a monster receiver (SX-1980), a pair of Yamaha NS1000s and a nice vintage TT.

    :)
     
  11. FONSguy

    FONSguy Super Member

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    Location:
    Sterling, VA
    Gold or land.
     

     

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  12. Poultrygeist

    Poultrygeist Lunatic Member

    CD's are definitely going up. I saw one today paying 3.29% and since they're FDIC there's no risk.
     
    Last edited: Jul 8, 2018
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  13. hugo454

    hugo454 Gold Member Subscriber

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    exactly
     
  14. Scout2015

    Scout2015 Well-Known Member

    Messages:
    542
    Location:
    Upstate NY
    Land.
     
    usedto likes this.
  15. Bill Ferris

    Bill Ferris Super Member

    Messages:
    1,726
    Location:
    NE. FL.
    Ok toxcrusadr, what has been working for me since mid Oct. 2007 after my father passed away, and his estate was being settled.
    My sisters & I each received 1/3rd of his stock portfolio, which had to be cashed out, because it was not able to be evenly divided three ways.
    Anyway, my father had not used a financial adviser until the last 10 years of his life, as he was very skilled with numbers & monitored closely the stock market via various methods with very good results.

    He eventually secured the services of a Merril Lynch financial adviser, who had his own Merril Lynch group. and has/is/been very successful.

    So since I trusted my father`s knowledge in this area, I felt that I should let him(the FA) reinvest in the stock market my cashed out portion of his stock market portfolio, which was ~ $460,000.00, whereas my 2 sister, just put their money in a MM/CD in the bank.

    Anyway, I took a "minor hit" (because my portfolio is diversified) in 2008, when the bubble burst, but I was not concerned about it, because this was not my source of income, nor would it ever need to be, as I`m on a medical malpractice lawsuit`s generous annuity for life and do not need to touch it, but let the profit`s reinvest, and yes the stock market has it`s ups & downs, as it always had, but, in my case, but I always end up increasing my portfolio.

    So since, out of respect for my father`s, then his chosen FA, carefully managing and growing his stock portfolio, I decided to be a "Steward" for it, because if my father(a very demanding engineer while alive) trusted this guy for ten years, then that was good enough for me, and I just let him(the FA) run it, with my initial guide lines, and found out about 2 years after I engaged his services, that he is well known, and respected by the old money in this area.

    He(the FA) takes me out to dinner every quarter to discuss my investment portfolio, make suggestions of adjustments, guide me, and educate me, as I don`t bother to follow/track the market at all, leave him alone to "Do His Voodoo,, that he does so well".

    So I guess, this method/FA is working for me
    And I don`t know what my silly sisters have made on their "put in the bank portion", but mine as of yesterday`s statement, has grown to over $ 800,000.00 since, so I doubt their monies return has been anywhere near mine.

    Possibly consider, doing a lot of research, and maybe talking to a financial adviser.

    Just my experience FWIW.

    Take care and good luck toxcrusadr.

    Kind regards, OKB
     
    Todd Dodds likes this.
  16. Todd Dodds

    Todd Dodds AK Subscriber Subscriber

    Messages:
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    Location:
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    Invest in graphs. They go up and down, but they're always going to be there when you need them.

    Not for elderly parents...or anybody else that might need the money in this lifetime. :) If, however, you're in the market for some land, we should talk....
     
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  17. Eric n Kc

    Eric n Kc AK Subscriber Subscriber

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    Hey Tox
    Bridges, and just it just happens I have one left that I'd sell cheap.:deal: Eric :rolleyes:
     
  18. 2011etec

    2011etec Super Member

    Canadian marijuana futures.
     
  19. KingBubba

    KingBubba "Too Much Stuff" Subscriber

    Messages:
    9,980
    Location:
    Brooksville, Fl.
    Land is a very speculative, volatile investment. You can do well, but you can also lose your shirt.
     
  20. Scout2015

    Scout2015 Well-Known Member

    Messages:
    542
    Location:
    Upstate NY
    If it's out of New York State, let's talk.
     

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