Posted by eViL:
Hey whose got some resources for someone who is interested in investing for growth? I don't want to day trade. I just want my savings to do a little work for me. I'm not risk-adverse. Send me a link or two if you got one.
evil--there is going to be a real dead spot in real estate within two years. When interest rates rise, all of these people who took interest only loans will be defaulting left anf right and people with cash and know how are going to walk in and make a killing. I am presently taking a real estate liscencing course twice a week and will continue to educate myself over the next year to be in position for what I believe will be a very lucrative opportunity. In terms of risk, good real estate is a tremendous tangible asset and if you buy low, the risk/reward ratio in terms of history is on your side in a big way. Obviously you can live in it, lease it rent it or any combination while the market turns back 3-4 years from now. If you can find the right gig, you can probably look at 16-18% yearly gains from appreciation and rental/lease fees. the whole key is knowing the market and what you are doing. Im always trying to learn new things and I know there is big money to be made in any market condition--even if it means doing nothing. As far as right now, they have risk-free CD's in the mid 4s and that will only rise--risk free menaing you can have access to capital if you wish after one week without paying a penalty. Paying off the back end of your morgage is also a good invetsment as you are likely paying +6%--so if you dont feel you can make 6% or more, pay down the mortage. It's safe and smart
Ive been involved in the equity market since I was 18--20 years experience. I would not recommend going out and throwing money around at an e-trade account by yourself.
Cheers