Retirement income
 

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.

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/Bogl...ent_philosophy

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

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!

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

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?

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

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.

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

Solid advice.

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

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!"

LOL, no.

Investments
 

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.

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.

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.

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.

Orange construction barrels.

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.

[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]

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

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

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

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.

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!

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.

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.

Dxy
 

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.

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.)

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.)

Be Smart
 

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.

Stablecoin Staking
 

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.

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

T
 

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

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.)

Don’t put all of your hopes and resources into one goal or dream
 

Don't think you are going io make a Killing

Er, is that legal in Florida??!?