What would you invest in?

[Gigi3000]

I have $250,000 to invest for income. I'm 63, keeping lots of cash on hand, own my home, not working and have no income currently. My expenses are minimal, around $1800 month. What would you invest in? can play with $75000 in high risk, the rest medium risk.

[retiredguy123]

I have my bond investments in three Vanguard index mutual funds:

Vanguard Short Term Bond Index Fund, current yield is 1.49 percent
Vanguard Total Bond Market Index Fund, current yield is 2.06 percent
Vanguard High Yield Corporate Bond Index Fund, current yield is 4.14 percent

Obviously, the more you deposit into the high yield fund, the higher the risk and the more chance for a higher return. But, it has been a very good fund over the years.

[Babubhat]

Microsoft, Apple and Qyld. Writes covered calls against top quality stocks. Likely within 10 percent of a bottom

[Stu from NYC]

Several bond funds with good performance.

Would not come to a place like this for investment help though.

[Two Bills]

What would you invest in?

Freeze dried meals, nuclear bunkers, and munitions!:icon_wink:

[John-US]

your health.

[Bogie Shooter]

Sand bunker rake manufactures. Forecast future sales increase…..:icon_wink:

[TNGary]

On a serious note, Keep an eye on MMM: good PE, solid Div ratio, hitting recent lows. Downside, 2022 may be a slow year less N95 sales but still profitable at around $10+/Share. Potential liabilities with recent ear plug cases. "Suspect" that will fade from the spotlight, but not sure.

[Caymus]

On a serious note, Keep an eye on MMM: good PE, solid Div ratio, hitting recent lows. Downside, 2022 may be a slow year less N95 sales but still profitable at around $10+/Share. Potential liabilities with recent ear plus cases. "Suspect" that will fade from the spotlight, but not sure.


PFAS is a bigger negative for MMM.

[fgaba1949]

In the past 3 months i have bought Energy stocks especially Devon..if the Russians invade then the price of a barrel of oil and natural gas will go up even more
Devons break even price on a barrel of oil is $30 bucks..Right now the price of oil is around 90 a barrel and if their is trouble in Ukraine the price of a barrel of oil can easily go yo 100 or more

[manaboutown]

Thank you for posting this question OP as I am facing a similar situation. I love to hear and read ideas other people offer which I had not considered or even imagined.

[Hape2Bhr]

Anavex Life Sciences - AVXL

Three ongoing trials; Rett Syndrome, Alzheimer's, and Parkingson's (and other CNS diseases future targets).

Merely an investor; perform your own due diligence.

[Stu from NYC]

I do have a gently used bridge with room for toll booths on either end.

[TNLAKEPANDA]

Real estate funds or possibly an Annuity fund. Talk to Parady Investiments… no pressure. See what they have to offer.

[Stu from NYC]

Real estate funds or possibly an Annuity fund. Talk to Parady Investiments… no pressure. See what they have to offer.

They are known for recommending annuities for anyone walking in the door.

[Michael G.]

I have $250,000 to invest for income. I'm 63, keeping lots of cash on hand, own my home, not working and have no income currently. My expenses are minimal, around $1800 month. What would you invest in? can play with $75000 in high risk, the rest medium risk.

Someone with better advice then here.

[triflex]

I sold my house 3 months ago and had the same decision to make. Here is where I put my money:

https://i.imgur.com/Br5K23r.png

[manaboutown]

They are known for recommending annuities for anyone walking in the door.

Their highest commission product, no doubt!

[MrFlorida]

Guns and ammo, lots of ammo....

[Gigi3000]

What would you invest in?

Freeze dried meals, nuclear bunkers, and munitions!:icon_wink:

Interesting. This does support my state of mind these days.

[jebartle]

Sand bunker rake manufactures. Forecast future sales increase…..:icon_wink:

Giggle, snort

[Gigi3000]

Real estate funds or possibly an Annuity fund. Talk to Parady Investiments… no pressure. See what they have to offer.

Don't trust annunities, especially since the fiduciary requirement was overturned in 2018. It now feels like a giant scam. However, thanks for your input

[CoachKandSportsguy]

Though I love the creative business ideas. . its a very difficult choice right now, because the Federal reserve has said it is raising interest rates, which depresses equity prices, especially technology shares. A slowing economy and higher prices with inflation will squeeze alot of margins and eps. However, a slowing economy and world war iii about ready to break out will help put a floor on the bond market.

I would wait as there is no reason to rush into buying equities, and long dated bonds are not the best with possible inflation continuing. .

If you must buy equities, then I would stick with XLE, energy stocks and SPYD, high quality dividend value stocks. I would limit equity to max 20% for now, as the risk for continued valuation compression or valuation reduction is very high, and you don't have much time to recover any large losses.

But remember, I am an anonymous poster on an internet web site, so everything I type could be interpreted as :blahblahblah: :blahblahblah: :blahblahblah:

[Babubhat]

Anyone ever notice CPA and attorneys not welcome at annuity seminars? If you can’t understand it in five minutes find something else. You should not need an attorney to read the fine print

[rustyp]

Buy a boat

[Blueblaze]

If you need to make $1800/month off a $250K investment, and my math is right, that means you need a sure-fire 8.64% return, on money you can't afford to lose.

We used to be able to get almost that much in a money market fund before the government got into the counterfeiting business. Maybe in 3 years somebody will get around to turning off the Magic Money Machine, and interest rates will go back to normal, but right now, I'd say your best bet is to leave it in an FDIC-insured savings account and GO FIND A JOB. You don't have enough money to afford to risk any of it.

In a couple of years, you'll qualify for Social Security, and probably make enough to cover your low expenses. But any way you look at it, low inflation or high, you need to bank a lot more money to retire comfortably. And if you're living off that money now, there will be $43,000 less of it by the time you make it to 65.

[Stu from NYC]

Anyone ever notice CPA and attorneys not welcome at annuity seminars? If you can’t understand it in five minutes find something else. You should not need an attorney to read the fine print

And they want you to hold your questions until after the presentation as they might be embarassed by people pointing out annuities not what they are represented to be.

Not to mention showing you a 20% chart showing stock market only goes up by 3% a year but guaranteed annuities give you 4.

They didnt like it when I asked what happened if we adjust the 20 year period forward or backward.

[triflex]

Only annuity that makes sense is an Immediate Annuity. They are super simple. Even then only makes sense if you live to reeeeeally old. Every time I calculate how long it will take JUST to get my own original money out I am already dead.

[davem4616]

might wanna stay on the side for awhile

but AT&T is giving 8%

[tsmall22204]

High risk is seeking investment advice on TOTV. tell you what, give it to me.

[Eg_cruz]

I have $250,000 to invest for income. I'm 63, keeping lots of cash on hand, own my home, not working and have no income currently. My expenses are minimal, around $1800 month. What would you invest in? can play with $75000 in high risk, the rest medium risk.
Please make a couple of appointments with Brokers. Check them out at FINRA Broker Check.
This is not the place to get financial help. I know seminars can help a lot with info, try a few.
Big thing is don’t be in a rush.

[Luggage]

Annuities are the salesperson's best friend with the highest commissions possible. One thing no one talks about is long-term healthcare insurance.

[Luggage]

One more thing as someone else said I would keep all my money out of the stock market or just put 20% in and use that 43,000 as it's the same risk as staying in the stock market and then Market going down 20% . Enjoy life you never know when you might get hit by a golf cart .

[Barbgf]

Wow, I am surprised there isn't an investment club! There is a club for everything else here in TV!

[Bilbo Baggins]

My advice - Seek professional advice, e.g. Fidelity, your bank, etc. Asking for investments tips in this forum indicates you would benefit from professional help.

[elainewalker111]

Good thoughts

[jedalton]

I have $250,000 to invest for income. I'm 63, keeping lots of cash on hand, own my home, not working and have no income currently. My expenses are minimal, around $1800 month. What would you invest in? can play with $75000 in high risk, the rest medium risk.
if you don't want to worry about watching the stock market all the time try VTI (Vanguard Total Stock Market Index Fund ETF).
3-Year18.73%
5-Year17.90%
10-Year14.70%

[Bridget Staunton]

Stay away from parady

[DaleDivine]

Become a day trader...
:popcorn::popcorn::popcorn:

[rsmurano]

Why invest now with all that is going on and much more downside to come. 1st time in over 40 years of investing that I pulled all my money out of the market in early January. During every major downturn the last 20 years, I didn’t sell a share, I actually even bought more during those downturns, not this time. I would have been down almost $500k if I didn’t pull my $$$ out.
I don’t invest in bonds, I don’t have annuities. I usually buy very good low risk high return index funds with 2-3% dividends. I also buy etfs and a couple of stocks like Apple or utilities.
If you buy bonds making a couple %, you are losing money. Last year I averaged 33% gains overall, the year before if was 60% gains in 2020 because of the “v” shaped recovery.
I’m waiting for many changes to happen before I get back in which might be later this year or early next.
I also know you can’t time the market.

[MidWestIA]

Talk to a financial analyst, us or your grocery ****** I'd trust the 1st one
short term bond for 2 years of cash flow, s&p 500 index (do you think buffet is reliable) some bonds some fund that invests in proven dividend growers (like Vanguard Dividend Appreciation ETF VIG) QQQ

[mkjelenbaas]

I have $250,000 to invest for income. I'm 63, keeping lots of cash on hand, own my home, not working and have no income currently. My expenses are minimal, around $1800 month. What would you invest in? can play with $75000 in high risk, the rest medium risk.
Why are you asking for advice on this site - go see a CFP!!

[dewilson58]

might wanna stay on the side for awhile

but AT&T is giving 8%

:ohdear::ohdear::ohdear:

But has lost almost 50% of stock value in the last 5 years.

:ohdear::ohdear:

[spinner1001]

Wow, I am surprised there isn't an investment club! There is a club for everything else here in TV!

In the US, the number of investment clubs have declined since the late 1990s. The timing is correlated with growth of the internet and mutual funds/ ETFs.

https://assets.press.princeton.edu/chapters/s8637.pdf

[hdanielblank]

I have $250,000 to invest for income. I'm 63, keeping lots of cash on hand, own my home, not working and have no income currently. My expenses are minimal, around $1800 month. What would you invest in? can play with $75000 in high risk, the rest medium risk.

You might consider opening an online, phone app accessible online account on Schwab. Account is free, trading is free. You can put low-risk money, prehaps $50,000 in an exhange-traded mutual fund with the ticker symbol TIP, currently yielding more than 3% and it will go up if inflation goes up. TIP invest in low-risk inflation-indexed bonds; they are US Treasury Securities. The Schwab app gives you access to help options if you are new to brokerage. If you have no investments, this is a sensible one for you. If inflation continues to rise, principal and income will go up. If not, it won't but you'll have more purchasing power. At our age, this is a win-win.

If you want something with a higher risk level, you might have someone help you look at PCEF which invests in closed-end funds with high yields and options income. It currently yields more than 8% and pays monthly dividends. The price can go down which will erode principal for a period of time, but it has always risen after such a period. Meanwhile, the income stream would continue or even rise which would defray losses.

[dewilson58]

if you don't want to worry about watching the stock market all the time try VTI (Vanguard Total Stock Market Index Fund ETF).
3-Year18.73%
5-Year17.90%
10-Year14.70%

Forgot to mention, down 10% year-to-date.

:ohdear::ohdear:

[Catalina36]

IIM pays a Annual dividend of approx 4.8%, pays monthly the 1st of every month. Great time to buy now market is down.

[M2inOR]

Missing from all this is simply visiting the library (or Barnes&Noble).

Time to check out a few books, or newsletters to help you understand what's available to you.

There are also relatively free, or low-cost like Kiplinger newsletters and retirement guides, and Money magazine.

Yes, there are a range of suggestions on this thread and others. Unfortunately, they might also be Greek to you.

I've invested since the 70s, and have been fortunate. But that represents not only 50 years of learning, but 50 years of luck as well as good fortune. There have been up years, as well as down years.

Good luck on your research.

[hdanielblank]

if you don't want to worry about watching the stock market all the time try VTI (Vanguard Total Stock Market Index Fund ETF).
3-Year18.73%
5-Year17.90%
10-Year14.70%
Correct. I own it also. The Only downside is that the dividend yield is a paltry 1.3%, doesn't keep up with inflation. I think 33% in this is good for the author of this thread and perhaps 67% in TIP which I wrote about below. I also like PCEF for income. The author will need education as he doesn't know about exchange-traded mutual funds (ETFs). To the fear mongers out there, investing in the entire US stock market with VTI is a very safe bet as long as you have 3 years or more to access all your money. Even in the depression, the market bounced back quickly and with far more diversification, it has much more stability. Avoiding the stock market is begging inflation to eat up your purchasing power. If you do buy VTI, IGNORE everything else. Don't watch CNBC, put a wad of cotton in each ear and sleep well.

[Nova Filtration]

No one mentioned Crypto's

Bitcoin etc

[jljl62040]

Originally Posted by Gigi3000 View Post
I have $250,000 to invest for income. I'm 63, keeping lots of cash on hand, own my home, not working and have no income currently. My expenses are minimal, around $1800 month. What would you invest in? can play with $75000 in high risk, the rest medium risk

For income I invest in publicly traded REITs, bond ETFs and privately held Commercial Real Estate Funds (CREs). These, along with my social security, help to pay my monthly bills.

[jog222]

Bitcoin.

[bdw08]

I would meet with a certified financial planner who is a fiduciary. You are young and still have time for that money to grow. You need to have an understanding of commissions when you invest. That’s why I would stay away from annuities.

[daca55]

A wise man once said “the biggest detriment to wealth is taxes”. That said if you want income you might want to consider putting some of your money in rated municipal bonds. They pay coupons usually semi annually and they are federal tax free.

[retiredguy123]

if you don't want to worry about watching the stock market all the time try VTI (Vanguard Total Stock Market Index Fund ETF).
3-Year18.73%
5-Year17.90%
10-Year14.70%
That is a good suggestion, but I prefer to use the Vanguard S&P Index Fund, not a total market ETF. The S&P 500 is only large companies, and a mutual fund is more tax efficient than an ETF because the investors do not buy and sell as often. So, the fund manager doesn't need to sell off stocks to raise cash and generate taxable gains. Some will point out that an ETF has lower fees but, with Vanguard, the difference is minimal. Also, the S&P 500 fund returns have been higher than the total stock market fund.

3 year, 26.03%
5 year, 18.43%
10 year, 16.51%

[debraawalker1]

Follow whatever Nancy Pelosi invests in...it's surely worked for her!

[rickgstone@hotmail.com]

Pro-tip. I would go to Charles Schwab and make sure you sign up for NO management fees. Wait for the dip and it's coming so you could save it in a cash account and buy ten quality stocks. Banks, Energy, and Utilities worked the best for me. Most importantly the keyword is QUALITY. You can pull the trigger on your app are they can do it for you. No fees. I hope that helps. Remember you can never find the TREASURE without a map. Respectfully, rickgstone@hotmail.com

[Topspinmo]

I have $250,000 to invest for income. I'm 63, keeping lots of cash on hand, own my home, not working and have no income currently. My expenses are minimal, around $1800 month. What would you invest in? can play with $75000 in high risk, the rest medium risk.


If I had money to burn 🔥 ( I don’t, I worked 49 years for it) (chance you take in stock market) I invest in spaceX (probably too late for big gains?) If I have Boeing stock I dump it. IMO stock market on verge of big crash. I wouldn’t risk it. But that’s me.

[024engine]

Silver and gold. Can't lose and the prices will only increase. Check out provident metals.com

[Cranford61]

I do have a gently used bridge with room for toll booths on either end.
Say it ain’t so! The Morses are putting tolls on the golf cart bridges. Both ways?

[Proveone]

I have $250,000 to invest for income. I'm 63, keeping lots of cash on hand, own my home, not working and have no income currently. My expenses are minimal, around $1800 month. What would you invest in? can play with $75000 in high risk, the rest medium risk.
Why ask us? Unless you think we are accomplished financial analysts/investment counselors. Ask us who we think is a reputable financial investment counselor locally.

[dewilson58]

Silver and gold. Can't lose and the prices will only increase.

:1rotfl::1rotfl::1rotfl:

Gold: where were you from 2012 thru 2019??
Since August 2020, gold is down.

Silver: Down since 2011.

:ohdear::ohdear::ohdear:

[dewilson58]

Follow whatever Nancy Pelosi invests in...it's surely worked for her!

:bigbow:

[retiredguy123]

Why ask us? Unless you think we are accomplished financial analysts/investment counselors. Ask us who we think is a reputable financial investment counselor locally.
The problem is that investment advisors often provide biased and/or inappropriate advice.

[dewilson58]

The problem is that investment advisors often provide biased and/or inappropriate advice.

:boom:

[Rooklift]

Real estate funds or possibly an Annuity fund. Talk to Parady Investiments… no pressure. See what they have to offer.

Annuity Bad idea

[sail33or]

As interest rates rise all bonds lose value.

If Stock Market crashes (it always does) ALL STOCKS, ALL GOLD, EVERYTHING will go down the same percentage. Just look back at 2008 in every category.

I suggest buy EXXON. The stock might go down (don't ever sell it) but it will ALWAYS pay 3.75 to 5% dividends. It always has. The more they squeeze OIL the higher it will go. Everything in the World is made of Oil or transported by Oil.

[SusanKD]

Find yourself a financial advise you can trust

[jacklaurie]

College educated and free to travel the world. Would love to be taken care of. :-)

[dewilson58]

$250k, no income...........needs $1800 per month, after tax.

Smells like you need 10% return on the $250k to survive.

:pray:

[Roron123]

Don’t play the market on your own!

[mike1946]

AGNC - REIT Getting an annual return of nearly 9% and pays out monthly
AT&T - Nearly 6% annual Pays quarterly
I don't buy Funds - you can find out what funds invest in on the web - then go do it yourself and cut out the middleman.

[dewilson58]

If Stock Market crashes (it always does) ALL STOCKS, ALL GOLD, EVERYTHING will go down the same percentage. Just look back at 2008 in every category.

TOTALLY false.

2008 Returns:

Investment grade fixed income 5.2%
Cash Alternatives 1.8%
Emg Markets Fixed Inc (10.9%)
High Yld Fixed Inc 26.2%
Small Cap Equity (33.8%)
Mid Cap (41.5%)
A 60/40 portfolio (21.6%)

To name a few.

Source is Wells Fargo Investment Advisors.

[petsetc]

My addition to all this advice, take time to read Paul Merriman’s 3 FREE ebooks.
1. First-Time Investor
2. 101 Investment Decisions
3. Get Smart or Get Screwed (read this first!)

Found at paulmerriman.com

[bp243]

I have $250,000 to invest for income. I'm 63, keeping lots of cash on hand, own my home, not working and have no income currently. My expenses are minimal, around $1800 month. What would you invest in? can play with $75000 in high risk, the rest medium risk.

Sounds like you're asking for a recommendation of a no-fee investment advisor with a CFP (certified financial planner) degree who could help you set up a plan with sound investments. $250,000 with no income (other than your cash on hand) means that you could live on your 'cash on hand' if the market ever did a serious crash again.

[dewilson58]

Sounds like you're asking for a recommendation of a no-fee investment advisor with a CFP (certified financial planner) degree who ...........

CFP is NOT a degree.

:ohdear::ohdear::ohdear:

[jjombrello]

Before taking on-line advice, I would consult with an investment counselor, i.e. Cebert Wealth Management. or someone similar. Cebert has done wonders for us and I am sure others in the same business would do likewise.

[Indy-Guy]

Perhaps these videos will help. I like S&P 500 Index funds I am in FXAIX Fidelity S&P 500 index fund for my savings / rainy day account-- link below.

FXAIX - Fidelity (R) 500 Index Fund | Fidelity Investments (https://fundresearch.fidelity.com/mutual-funds/summary/315911750?type=sq-NavBar)

Videos below.

https://www.youtube.com/watch?v=tkL560to-TM&list=WL&index=283

https://www.youtube.com/watch?v=lsAlX3NsKI4&list=WL&index=292

https://www.youtube.com/watch?v=VYr1qjrFgsc&list=WL&index=128

https://www.youtube.com/watch?v=NdkSSLAfsYM&list=WL&index=110

[Burgy]

I have $250,000 to invest for income. I'm 63, keeping lots of cash on hand, own my home, not working and have no income currently. My expenses are minimal, around $1800 month. What would you invest in? can play with $75000 in high risk, the rest medium risk.

Consider ABBVIE and Verizon which have about a 5% dividend.

[retiredguy123]

I have $250,000 to invest for income. I'm 63, keeping lots of cash on hand, own my home, not working and have no income currently. My expenses are minimal, around $1800 month. What would you invest in? can play with $75000 in high risk, the rest medium risk.
Have you considered collecting your Social Security income?

[bumpa]

I have $250,000 to invest for income. I'm 63, keeping lots of cash on hand, own my home, not working and have no income currently. My expenses are minimal, around $1800 month. What would you invest in? can play with $75000 in high risk, the rest medium risk.

With expenses of 1800/mo. you'll need $21,600 per year from your $250K. That's a return of approx. 8.5%. Not impossible but it takes diversification with a good mix of dividend payers and growth and value stocks. If you do not have the time or interest following stocks and making changes as necessary then you need an active advisor. Find someone highly recommended and insist on a good mix of stocks to provide the yield you require. Remember your current 1800 a month in expenses will increase due to inflation so your investments need to keep up.

[rsmurano]

The only people that are guaranteed to make money if you use a financial advisor is the financial advisor. I get approached by many and when I ask them if they can guarantee they will make me more $$$ using them compared to how I invest, they can't guarantee that, so why would I pay $50k-$60k a year for somebody to do what I can do better?

The worst thing that can happen in retirement is to have the stock market drop significantly while you have to sell shares to live on. At 63, you don't have the time to recoup a major downturn if it lasts for a few years.

I use the bucket system where I have enough cash to live on for 2-3 years which should outlast a major downturn while I don't touch any of my holdings. But I also invest (when I had my money in the market) in low risk/high return/dividend funds/stocks/etfs (no bonds) that make me good money with dividends.

Read Read Read books on how to invest and watch some YouTube videos to get a wide range of ideas. IMO, the best series of books to read are on becoming a boglehead. Check this out:
https://www.bogleheads.org/wiki/Bogleheads®_investment_philosophy

[bp243]

CFP is NOT a degree.

:ohdear::ohdear::ohdear:

Sorry, CFP is a designation, but is comparable to a CPA.

[jimjamuser]

I have $250,000 to invest for income. I'm 63, keeping lots of cash on hand, own my home, not working and have no income currently. My expenses are minimal, around $1800 month. What would you invest in? can play with $75000 in high risk, the rest medium risk.
Put 50% of it into the ETF with the call letters (QQQ), which is all stocks in the Nasdaq. And 50% into the S and P, which is (SPY). But, I would NOT buy ANYTHING having to do with stocks or assets until after all of the current potentially WORLD-disruptive war is OVER. Because prices of EVERYTHING could fluctuate wildly. You might try to buy on LARGE, very large, market dips downward? But, timing the market is SUPER difficult!

[Rich42]

You are seriously asking for financial advice on this forum? A fool and his money will soon be parted.

[CoachKandSportsguy]

A wise man once said “the biggest detriment to wealth is taxes”. That said if you want income you might want to consider putting some of your money in rated municipal bonds. They pay coupons usually semi annually and they are federal tax free.

stupid saying. taxes are a by product of success. the biggest detriment to wealth is asset price decline. . Taxes might be 20% of gains, but losses can easily exceed that .

where do people come up with these one liners as sage investment advice?

[CoachKandSportsguy]

Sorry, CFP is a designation, but is comparable to a CPA.

not really

one is a finance certification, and finance is about looking forward wealth maximization

The other is backwards looking, and is about tax minimization. .

one about maximization, the other about minimization. . not really comparable

[CoachKandSportsguy]

Put 50% of it into the ETF with the call letters (QQQ), which is all stocks in the Nasdaq. And 50% into the S and P, which is (SPY). But, I would NOT buy ANYTHING having to do with stocks or assets until after all of the current potentially WORLD-disruptive war is OVER. Because prices of EVERYTHING could fluctuate wildly. You might try to buy on LARGE, very large, market dips downward? But, timing the market is SUPER difficult!

Many of the QQQ leaders are also in the SP500. . . there are segments of the $SPY which are more suitable for retirement portfolios, $SPYD is the one with dividends and showing the best relative strength. . .

Also would want to put a small amount in commodities, or metals, etc. as that sector has dwindling resources . . and then electric utilities as they are guaranteed a return by Federal statute, and there is a large push for clean energy, which the utilities provide.

[Geodyssey]

Real estate funds or possibly an Annuity fund. Talk to Parady Investiments… no pressure. See what they have to offer.

You left out: "This advertisement brought to you by the good people at Parady Investments who would never try to decieve you"

[Geodyssey]

Anyone ever notice CPA and attorneys not welcome at annuity seminars? If you can’t understand it in five minutes find something else. You should not need an attorney to read the fine print

Solid advice.

[murinace@aol.com]

Educate yourself!
My bible is:
The only investment guide you’ll ever need. By Andrew Tobias.
It’s worked for me for 40 years

[Geodyssey]

IIM pays a Annual dividend of approx 4.8%, pays monthly the 1st of every month. Great time to buy now market is down.

On Thursday CNBC's Cramer said again "buy the dip!"

and "buy defense stocks! A lot of military equipment will need to be replaced! America is all about defense spending!"

[Geodyssey]

Sorry, CFP is a designation, but is comparable to a CPA.

LOL, no.

[bioman419]

I have $250,000 to invest for income. I'm 63, keeping lots of cash on hand, own my home, not working and have no income currently. My expenses are minimal, around $1800 month. What would you invest in? can play with $75000 in high risk, the rest medium risk.

Do you people ever think about contacting a Financial Advisor? What gives.
Same with medical questions.....ask your doctor.

[retiredguy123]

Do you people ever think about contacting a Financial Advisor? What gives.
Same with medical questions.....ask your doctor.
Not the same. Most financial advisors are sales people working for commissions. Doctors aren't.

[Nell57]

At 63 you are young. I would get a part time job, they are paying $15 dollars an hour for
entry level positions.
You can earn $900 of your monthly expenses by working 16 hours a week.
Dental work, a new roof,(15K) new HVAC syst. ( 8K) broken appliances…. these are all in your future. Your car will need replaced sometime in the next decade.
I think that you are too young to hope that $250000 is going to see you through the next 20 years.

[daniel200]

You asked where to “invest” $250,000. In my opinion, much of the advice given here is more gambling than investing. Most “investors” never perform better than the US market index over time. If you want to invest this money, VTI is your sleep at night choice. It is a very low fee Vanguard etf that tracks the total US stock market.

With the Fed signaling it will increase interest rates, now is not the time to buy bond funds unless you want to “fight the Fed”. Almost all bond funds WILL decrease in value if interest rates rise.

[retiredguy123]

If you are not experienced in a variety of investment products, going to a financial advisor who makes their living on commissions from specific investment products is a bad idea. They will most likely recommend products that to will make money for them, not for you.

You can hire a "fee only" advisor, like a CFP, who will charge you by the hour for their time. But, they will often overcomplicate investing to justify their fee. They may produce a fancy financial plan that is not necessary for your situation. Some will want to charge you a percentage of your assets (1 to 3 percent) every year to manage your portfolio. Usually not a good deal. Also, some companies that sell commission based products, including insurance companies, will hire CFPs or CPAs to convince clients that they are providing independent advice, when they really aren't.

The only way to ensure that you are investing correctly is to do your own research and to become well informed about the variety of investment options. I don't see anything wrong with sharing investment experiences on an open forum. It can be very informative. My opinion.

[Michael G.]

Sand bunker rake manufactures. Forecast future sales increase…..:icon_wink:

Orange construction barrels.

[Hifred]

I would invest a portion in PSLDX Pimco Stocks Plus Long Duration Fund Institutional Class. We bought to generate income because it has a 28.84% distribution rate and the dividend income rate is good. It pays dividends quarterly and after it pays dividends people tend to sell it and the price drops but it always comes back up. Morning Star Rating as of 1/31/2022 is 5 stars overall. It has a high return and has high risk. The expense ratio is low .61%. The goal of this fund is to provide both income and capital appreciation by investing in multiple asset classes, including stocks, bonds, and cash. These portfolios are dominated by domestic holdings and have equity exposures of over 85%. These funds typically allocate at least 10% to equities of foreign companies and do not exclusively allocate between cash and equities. We bought it through Schwab. Not sold through some brokerages because it was institutional sales only but you can get it through Schwab.

[Bellavita]

[buy land



QUOTE=Gigi3000;2063795]I have $250,000 to invest for income. I'm 63, keeping lots of cash on hand, own my home, not working and have no income currently. My expenses are minimal, around $1800 month. What would you invest in? can play with $75000 in high risk, the rest medium risk.[/QUOTE]

[Gigi3000]

Have you considered collecting your Social Security income?

Yes. I think I should start collecting it. Should get $1300 month.

[Gigi3000]

$250k, no income...........needs $1800 per month, after tax.

Smells like you need 10% return on the $250k to survive.

:pray:

Nope. Have about $700000 cash on hand, some ear marked for other endeavors.

[PersonOfInterest]

I have $250,000 to invest for income. I'm 63, keeping lots of cash on hand, own my home, not working and have no income currently. My expenses are minimal, around $1800 month. What would you invest in? can play with $75000 in high risk, the rest medium risk.

Buy a property in the Villages as a Rental Unit, or leverage the funds and extend to 2 rental properties.

[Gigi3000]

Have you considered collecting your Social Security income?

Yes. I think I should start collecting it. Should get $1300 month.

[Debfrommaine]

Yes. I think I should start collecting it. Should get $1300 month.

Not a bad idea but remember when you're 65 you have your Medicare deducted from the amount.

[Two Bills]

After yesterdays news of Russian moves, and stock markets dropping, it may be wise to sit tight with the cash for a while.
Oil price is going to get very lively!

[Catalina36]

I have $250,000 to invest for income. I'm 63, keeping lots of cash on hand, own my home, not working and have no income currently. My expenses are minimal, around $1800 month. What would you invest in? can play with $75000 in high risk, the rest medium risk.

I have been investing about 25% of money in
Invesco Value Municipal Income Trust Municipal Bond Fund, symbol IIM, you can purchase using any Brokerage Account. Trades like a stock so you can sell any time on any trading day if you need cash. Pays a monthly dividend every 1st of the month, Annual dividend around 4.8%. The Best Part it is totally Federal Tax Free and if you are a Florida resident that means there is no state income tax either. I have been following this fund for approximately 5 years. The price does fluctuate up and down, last price quote was $15.12 a share, but the dividend is there each and every month. Now is a good time to purchase with the market prices are down. I don't portray myself as a financial advisor but in my opinion, this is relatively a safe investment.

[Caymus]

Not a bad idea but remember when you're 65 you have your Medicare deducted from the amount.

Do you know if Social Security is counted against the IRMMA calculation?

Thanks

[retiredguy123]

Do you know if Social Security is counted against the IRMMA calculation?

Thanks
The taxable portion of your Social Security income is included in the IRMMA calculation, but not the tax exempt part.

[kbace6]

I have $250,000 to invest for income. I'm 63, keeping lots of cash on hand, own my home, not working and have no income currently. My expenses are minimal, around $1800 month. What would you invest in? can play with $75000 in high risk, the rest medium risk.

With the impending market crash coming, the only thing that traditionally goes up when the market goes down is the DXY. Once the market has gotten close to or at the bottom, you can move those funds into any investment you want and will likely do well.

The only question is not if the market crashes, but how it crashes. Will it be a quick crash (like the COVID crash) with a long recovery or will it be a slow downward trend with an even longer recovery. No one knows this part.

[sail33or]

Hey dwilson58, since you are a financial expert, I said everything went DOWN in the 2008 Stock Market Crash. You are citing yearly numbers. I am talking about the very DAY the Market crashed.

And no one knows for sure how long it takes after a crash to recover. If you are old, you might not ever get back to even.

Besides I am also talking about INCOME which is more important to us now because just cash (when gone, is gone.)

[dewilson58]

Hey dwilson58, since you are a financial expert, I said everything went DOWN in the 2008 Stock Market Crash. You are citing yearly numbers. I am talking about the very DAY the Market crashed.

Nice Try, one day does not matter.
What ONE DAY in 2008 were you talking about???

Actually you stated, EVERYTHING will go down THE SAME, look at 2008.
False.
Looking at 2008, different categories went in different directions and different amounts.

(your stmt: EVERYTHING will go down the same percentage. Just look back at 2008 in every category.)

[Chase219]

Don't invest in anything unless you can buy another house in the Villages and rent it out otherwise Keep your money too many Good Scammers out there and you'll eventually lose it all.

[sowtime444]

TRIGGER WARNING: Crypto

If you buy some USDC (U.S. Dollar Coin) on crypto.com you can earn 6-12% per annum depending on how long you lock it up (0-3 months). USDC is a "stablecoin" so the price stays about $1 and is not volatile like most cryptocurrencies.

There are two different apps. Crypto.com DeFi Wallet (Non-custodial Wallet) is the version of the app where you hold custody of the keys. If you lost your keys e.g. written down on a piece of paper and stored in a text file on a USB stick - your money is gone. The Crypto.com App is a custodial wallet meaning your money is in the control of crypto.com.

They are not FDIC insured by are insured by Lloyd's.

There is a stablecoin called Tether (USDT) that is notoriously sketchy but USDC is different.

Note: I considered the above for my in-laws but haven't done it yet, because they don't need the extra income. Was going to help them buy a rental property but then prices went through the roof.

[evelyn218]

Will you marry me? I know what to do with the money.

[inda50]

might wanna stay on the side for awhile

but AT&T is giving 8%

ATT is cutting their dividend in 1/2 so it will not be 8%

[Boomer]

I have $250,000 to invest for income. I'm 63, keeping lots of cash on hand, own my home, not working and have no income currently. My expenses are minimal, around $1800 month. What would you invest in? can play with $75000 in high risk, the rest medium risk.


If I were you, I would sit on that cash for a while longer. I think we are going to see some buying opportunities (euphemism) maybe before the end of the year.

That does not mean that longterm, seasoned investors will be selling. It just means that, in my opinion, it is not the time to jump into the market. Seasoned investors tend to keep some sideline cash, and maybe even a watchlist, because they are waiting for “buying opportunities.” But seasoned investors know what they own and why they own it and have seen a lot of markets and most importantly, they know themselves.

Advisors, and probably anybody who talks about it, have been having a fine time in the market since it started to climb back in 2008 — after the idiotic lending practices of the early part of this century collapsed the housing market (with those drive-by appraisals and stated assets loans) — and took the stock market with it.

During that time, there were seasoned investors who continued to hold their backbone stocks and then started buying in with some of their sideline cash when things got cheap enough. That kind of investor probably has no regrets. They know what kind of losses they can stomach.

At this time, the market is coming under a broader kind of pressure with Russia and oil and inflation and mortgage rates beginning to inch up already. (I do not think we will see CD rates moving much though. That would take a really long time and would have to mean inflation gone wild, really wild.)

There is so much coming to bear on the market right now that being new to investing and jumping in might really hurt.

You’ll get there, eventually. Meanwhile, keep learning. You’ll get your chance.

Even though you might feel like you have to put that money to work right now, if I were you, I would do what a couple of others in this thread have suggested — I would get a job. I am not talking about a career type job — just a job to cover some of your expenses so that you do not have to live totally off your cash. Build a moat around around that cash by working — even part-time would help.

I do not see how the next few months are going to be anything but rough for the market. (I have not been having the most pleasant couple of weeks.) But I found my sea legs a long time ago. It sounds like you are very new at this. . .so when you do go in, do not dive — just wade a little — as with dollar-cost averaging. And wear a life jacket.

Boomer (just talking about what I would do if I were the OP. I am not claiming to actually know anything about where the market is going. Nobody does. But some will pretend they do.)

[joelfmi]

I have $250,000 to invest for income. I'm 63, keeping lots of cash on hand, own my home, not working and have no income currently. My expenses are minimal, around $1800 month. What would you invest in? can play with $75000 in high risk, the rest medium risk. Don't think you are going io make a Killing

[Gigi3000]

Will you marry me? I know what to do with the money.

Er, is that legal in Florida??!?

[Gigi3000]

Don't think you are going io make a Killing

I'm not just trying to keep up with inflation really. I feel my money is eroding away sitting in bank accounts.

[Gigi3000]

Don't think you are going io make a Killing

I'm not just trying to keep up with inflation really. I feel my money is eroding away sitting in bank accounts.

[craigrmorrison]

I have $250,000 to invest for income. I'm 63, keeping lots of cash on hand, own my home, not working and have no income currently. My expenses are minimal, around $1800 month. What would you invest in? can play with $75000 in high risk, the rest medium risk.
It’s probably best to speak to a licensed professional, because your circumstances are necessarily the same as those that shared their advice.

Medicare (http://www.financialguide.info)

[tophcfa]

I'm not just trying to keep up with inflation really. I feel my money is eroding away sitting in bank accounts.

Talk to your senators and congressmen and tell them to get someone in the Federal Reserve that sets interest rates so that savers can earn a real rate of return above the rate of inflation. Interest rates have been way too low for way too long. Our country needs to swallow very hard and get off it’s addiction to debt before it’s too late (assuming it’s not already too late)!

[dadspet]

I'd go to a professional investment firm instead of getting random advice from readers on this forum. Fross and Fross Investment in Sumter landing and opening in Brownwood soon is a higher end well respected firm. Renee is one of the Wealth Advisors and is very well respected.

[manaboutown]

Well, not Russian bonds!

[Caymus]

Well, not Russian bonds!

Could be a good bet (If Putin plays Russian Roulette with a fully loaded revolver).

[ronda]

might wanna stay on the side for awhile

but AT&T is giving 8%

AT&T is a dividend trap. It is in the process of spinning of the Warner Media business (CNN, Warner Bros, TNT, movie biz, etc) they bought a few years ago. It will merge with Discovery. After the merger the dividend will be cut to 4+%. A good dividend, but less than 8% for sure.

[ronda]

I have been investing about 25% of money in
Invesco Value Municipal Income Trust Municipal Bond Fund, symbol IIM, you can purchase using any Brokerage Account. Trades like a stock so you can sell any time on any trading day if you need cash. Pays a monthly dividend every 1st of the month, Annual dividend around 4.8%. The Best Part it is totally Federal Tax Free and if you are a Florida resident that means there is no state income tax either. I have been following this fund for approximately 5 years. The price does fluctuate up and down, last price quote was $15.12 a share, but the dividend is there each and every month. Now is a good time to purchase with the market prices are down. I don't portray myself as a financial advisor but in my opinion, this is relatively a safe investment.

I took a look at IIM and found it pays $0.0323/share every month. So my math is $0.032*12= $0.3876 per year. It sells for $13.25/share so he yield is $0.3876/$13.25= 2.9%.

What am i missing?

[Ecuadog]

I have been investing about 25% of money in
Invesco Value Municipal Income Trust Municipal Bond Fund, symbol IIM, you can purchase using any Brokerage Account. Trades like a stock so you can sell any time on any trading day if you need cash. Pays a monthly dividend every 1st of the month, Annual dividend around 4.8%. The Best Part it is totally Federal Tax Free and if you are a Florida resident that means there is no state income tax either. I have been following this fund for approximately 5 years. The price does fluctuate up and down, last price quote was $15.12 a share, but the dividend is there each and every month. Now is a good time to purchase with the market prices are down. I don't portray myself as a financial advisor but in my opinion, this is relatively a safe investment.

I took a look at IIM and found it pays $0.0323/share every month. So my math is $0.032*12= $0.3876 per year. It sells for $13.25/share so he yield is $0.3876/$13.25= 2.9%.

What am i missing?

I also took a look at IIM and this is what I got using current info from Morningstar.

I took a look at IIM and found it pays $0.0640/share every month. So my math is $0.064*12= $0.7680 per year. It sells for $15.05/share so the yield is $0.7680/$15.05= 5.1%.

[ronda]

I also took a look at IIM and this is what I got using current info from Morningstar.

I took a look at IIM and found it pays $0.0640/share every month. So my math is $0.064*12= $0.7680 per year. It sells for $15.05/share so the yield is $0.7680/$15.05= 5.1%.

I like your math, but not sure where you got $0.64?

Take a look at this page on the invesco website. scroll to the bottom for the distributions. Let me know what you think.

https://www.invesco.com/us/financial-products/mutual-funds/product-detail?audienceType=Advisor&productId=FUND-30585&gclid=CjwKCAiAjoeRBhAJEiwAYY3nDK3FiMhBURs6rbRpOHf9 oZiMcbnYbWEuJHlm-pnMHzLtKdNeZxhbghoC4agQAvD_BwE

[Caymus]

I like your math, but not sure where you got $0.64?

Take a look at this page on the invesco website. scroll to the bottom for the distributions. Let me know what you think.

https://www.invesco.com/us/financial-products/mutual-funds/product-detail?audienceType=Advisor&productId=FUND-30585&gclid=CjwKCAiAjoeRBhAJEiwAYY3nDK3FiMhBURs6rbRpOHf9 oZiMcbnYbWEuJHlm-pnMHzLtKdNeZxhbghoC4agQAvD_BwE


You linked to VKMMX not IIM. I do not follow them, and do not know the difference. Is one of these a load fund?

[ronda]

Thanks. Mystery solved.
Found this link and it matches your math.

https://www.invesco.com/us/financial-products/closed-end/product-detail?audienceType=Investor&productId=FUND-30291

[CoachKandSportsguy]

I sold my house 3 months ago and had the same decision to make. Here is where I put my money:

https://i.imgur.com/Br5K23r.png

Hows that Serbank, the Russian Bank, working out for you?

I hope that you didn't buy and hold, about the same return as my RSX, however, I sold that about the day after I bought it for a 25% loss, better than 100%, as buy and hold is not a great strategy with individual equities versus funds.

good luck to all. .

finance guy

[Stu from NYC]

We prefer either dividend yield or Value funds.

[Boffin]

Try putting a minor amount (<1%) in VanEck Russia ETF (RSX) to hold indefinitely and see what happens.

[manaboutown]

Well surprise, surprise! U.S. bank JPMorgan suggests clients buy distressed Russian bonds (https://finance.yahoo.com/news/u-bank-jpmorgan-suggests-clients-135443265.html)

But...Putin’s Ruble Workaround Still Leaves Bond Payments in Doubt (https://finance.yahoo.com/news/putin-seeks-avert-defaults-ruble-230118728.html)

[justjim]

Don't trust annunities, especially since the fiduciary requirement was overturned in 2018. It now feels like a giant scam. However, thanks for your input

An annuity could be just the right thing to buy into depending on your situation and risk tolerance. To each his own…

[Caymus]

Well surprise, surprise! U.S. bank JPMorgan suggests clients buy distressed Russian bonds (https://finance.yahoo.com/news/u-bank-jpmorgan-suggests-clients-135443265.html)

But...Putin’s Ruble Workaround Still Leaves Bond Payments in Doubt (https://finance.yahoo.com/news/putin-seeks-avert-defaults-ruble-230118728.html)

I wonder if they get higher commissions:icon_wink:

[Stu from NYC]

An annuity could be just the right thing to buy into depending on your situation and risk tolerance. To each his own…

Annuity salespeople have to put bread on the table.

[Gigi3000]

Try putting a minor amount (<1%) in VanEck Russia ETF (RSX) to hold indefinitely and see what happens.

Can't.

[Coco01]

look into I bonds, you can only invest $10k per year, per person, but they are paying 7.12 % right now, will readjust in April most likely going over 8% good luck

[Gigi3000]

look into I bonds, you can only invest $10k per year, per person, but they are paying 7.12 % right now, will readjust in April most likely going over 8% good luck

Yeah, I want to do this but TreasuryDirect.gov doesn't have very good reviews.

[fgaba1949]

I have $250,000 to invest for income. I'm 63, keeping lots of cash on hand, own my home, not working and have no income currently. My expenses are minimal, around $1800 month. What would you invest in? can play with $75000 in high risk, the rest medium risk.

A couple of weeks ago I mentioned a couple energy stocks as i think it was then and even more so now that oil related products were going to skyrocket in price.
Companies like Devon Exxon Chevron who just announced a 10 billion dollar stock buy back program are going to make a ton of money.
Simply put the major US oil companies have not drilling for new oil right now because of the present administrations policies regarding fossil fuel energy.
The problem is you just cant turn on these wells that have been shut down as the workers have moved on and most importantly their are very few truck drivers out there to transport the oil.
in an earlier post i predicted the price of a barrel of oil Brent would reach 110 i was wrong it has hit 123 I believe . I predicted gas at 4 bucks a gallon and i was wrong as the national average is much higher.
If the US stops buying Russian oil which i think they should i think the national average price of gas could go to $5 and maybe 8 bucks in part of California.
High gas prices all areas of transportation and we will see inflations like never before

[Caymus]

Yeah, I want to do this but TreasuryDirect.gov doesn't have very good reviews.

In what way? For a government site it is fine. I use it every month to buy T-Bills.

[mrf0151]

Real estate funds or possibly an Annuity fund. Talk to Parady Investiments… no pressure. See what they have to offer.

Parady, REALLY? NO WAY. Hidden fees. How do you think they pay for all their lavish promotions and their billboards all around TV.

[RICH1]

Too late…. The world is coming to an end!

[Gigi3000]

In what way? For a government site it is fine. I use it every month to buy T-Bills.

I'll take another look at it but it seemed to be asking weird questions to set up an account. Thanks!

[Gigi3000]

A couple of weeks ago I mentioned a couple energy stocks as i think it was then and even more so now that oil related products were going to skyrocket in price.
Companies like Devon Exxon Chevron who just announced a 10 billion dollar stock buy back program are going to make a ton of money.
Simply put the major US oil companies have not drilling for new oil right now because of the present administrations policies regarding fossil fuel energy.
The problem is you just cant turn on these wells that have been shut down as the workers have moved on and most importantly their are very few truck drivers out there to transport the oil.
in an earlier post i predicted the price of a barrel of oil Brent would reach 110 i was wrong it has hit 123 I believe . I predicted gas at 4 bucks a gallon and i was wrong as the national average is much higher.
If the US stops buying Russian oil which i think they should i think the national average price of gas could go to $5 and maybe 8 bucks in part of California.
High gas prices all areas of transportation and we will see inflations like never before

Is it too.late? I'm trying to get money into my brokerage account but should be there in a week

[Caymus]

I'll take another look at it but it seemed to be asking weird questions to set up an account. Thanks!

I don't remember that part. I registered years ago. Most finance related sites now use two factor authorization for access. Maybe that makes setup more complicated.

[Gigi3000]

Too late…. The world is coming to an end!

I guess I'm betting that Putin doesn't want to blow up his own family too.....but ya never know.

[Gigi3000]

A couple of weeks ago I mentioned a couple energy stocks as i think it was then and even more so now that oil related products were going to skyrocket in price.
Companies like Devon Exxon Chevron who just announced a 10 billion dollar stock buy back program are going to make a ton of money.
Simply put the major US oil companies have not drilling for new oil right now because of the present administrations policies regarding fossil fuel energy.
The problem is you just cant turn on these wells that have been shut down as the workers have moved on and most importantly their are very few truck drivers out there to transport the oil.
in an earlier post i predicted the price of a barrel of oil Brent would reach 110 i was wrong it has hit 123 I believe . I predicted gas at 4 bucks a gallon and i was wrong as the national average is much higher.
If the US stops buying Russian oil which i think they should i think the national average price of gas could go to $5 and maybe 8 bucks in part of California.
High gas prices all areas of transportation and we will see inflations like never before

With Bidens banning Russian oil sales in US, maybe not too late

[FLBeans]

Over the past year I have been heavy bag holding in Crypto. Not sure if there are other Crypto enthusiasts out there? I did not see a group for this. Thanks!

[Gigi3000]

Over the past year I have been heavy bag holding in Crypto. Not sure if there are other Crypto enthusiasts out there? I did not see a group for this. Thanks!

I would love to get into some Crypto, in a good fund to hold for the grandkids for 30 years.

[UsuallyLurking]

Over the past year I have been heavy bag holding in Crypto. Not sure if there are other Crypto enthusiasts out there? I did not see a group for this. Thanks!
The Recreation News has contact info for the head of the Crypto Currency Club (in the Other or Specialty section).

[manaboutown]

Bill Miller is into Bitcoin big time https://www.youtube.com/watch?v=q-TD3pcBfO4

[Stu from NYC]

I like to invest in ardvaark futures. Never know when ants will be a problem down the road.

[Boomer]

. . .