Red.
Got some extra money from settlement....what to do....
- Thread starter Schmoe
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Schmoe, I'm Jewish. I hear about money and would stay far away from an annuity. They are pushed because how much money the salesman earns.
A seller can make $1200 in one day selling you a $20K annuity.
I'm not sure I'd want to put money in stocks right now if you want the money out in a few years. I'm hearing things. Our dollar is going to fall and interest rates will rise within the next few years.
A seller can make $1200 in one day selling you a $20K annuity.
I'm not sure I'd want to put money in stocks right now if you want the money out in a few years. I'm hearing things. Our dollar is going to fall and interest rates will rise within the next few years.
Ayup. Should be enough for another 996 or maybe a 986 + TDI swap. Maybe even an old Cayenne Turbo with some bolt-ons and a tune.
Plenty of Porsche out there for $20k.
For the 996 or 986, Figure $2-3k to bulletproof the engine (IMS, RMS, AOS) and you're all set. Everything else is more or less VW and pretty inexpensive.
The Cayenne would need the coolant pipes done and that's about it.
+1 on paying down any debt you have........that alone pays “dividends“!
And congrats on paying off your home and all the rest. Well done.
You and the wife go on a nice vacation, and I don't mean a cheap weekender. Use remainder to pay off highest interest loan first after vacation.
4WD
$50 site donor 2024
Is there a final chapter ?
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Spend every dime on your oil and filter stash. You MUST one up everyone on this site with a garage full of PM items.
fully fund ira & 401k for you & wife with a low cost, balanced, index fund from vanguard, fidelity or schwab. pay down mortgage. get longterm care, life & disability insurance. if wanting to take a flyer buy some gold coins from a reputable online dealer, e.g. jmb or mmx. if you don’t have a couple of simple firearms buy them, plus ammo and training, say for $1000 total.
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Just a clarification on the Roth and the 5 year rule - if you need the money, you can withdraw your original contribution inside the 5 years without a penalty or taxes. Any earning have to stay in the fund for 5 years plus or be penalized upon withdrawal.
Where you hear it from? what else did you hear?
Personally, i am overweight in UWMC, they make tons of consistent money leading the wholesale mortgage industry. Under $8 a share gets you over 5% yield for a buy it and forget about it investment. You could do worse than buying a few shares of it.
You could do much better in the S&P 500. Seems like that is down 26% for the year. S&P 500 is up 18% year to date and was up 18% last year. Who cares about a 5% yield if you lose 26% of your investment? I look at the 3 year and the 5 year and it hasn't done much. Meanwhile the S&P had that great 2019 year at 31.47%. You did much worse buying it than an S&P 500 index fund.
It’s being shorted a lot, they borrow my shares every day. It can have some great covered call premiums as well. I don’t sell below a $12 strike. Between small flips, call premiums, dividend, lending shares to shorts, it makes me a ton of money. I have some blocks I paid $11s for but I don’t mind. I have big confidence in their affording the dividend for a very long time. 12 dollars and up the yield gets thin.
So what's your actual return on it for the year to date?
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