Money Investing megathread extravaganza - Page 203

Originally Posted by BigRichard:
Once we have sold our house we will be sitting on a very large sum of money we plan on using for a down payment on our next house. This might happen in a month after we sell it or it could be six months after we sell it. Would you risk investing that for a short time? I hate having that much money just sitting there doing nothing but I also don't want to take the chance of a sudden collapse in the market either and lose a gigantic chunk. I know at one point I had found some index fund or stock or something that had a very small rate of return... like <3% or something like that but only lost like 2% in 2008. It was always going up basically just at a very low rate. I was thinking maybe something like that possibly but still on the fence.

What would you do if you had a huge chunk of change sitting around like that and knew you could need it sometime in the next six months?

I was in the same boat and picked these 3 options:

1 - CD
2- https://fundrise.com/
3 - Gold

The fundrise REIT I'd highly recommend. I'm averaging 7.5% on it so far. I'm a landlord and this is the easiest way to make money in real estate I can think of.
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Originally Posted by Great Expectations:
$250k per social security numbers on the account, POD’s count.

Right on. I stand corrected.
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Bitcoin will drop to $8Kish. Then you buy.
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I found a money market account with 2.50% interest. I will look into those.
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Originally Posted by BigRichard:
I found a money market account with 2.50% interest. I will look into those.

That right there is perfect. Decent rate too.
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Originally Posted by BigRichard:
I found a money market account with 2.50% interest.

Care to share where? Any restrictions?
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Originally Posted by Groves:
Care to share where? Any restrictions?

Yes, this. That would be the highest rate I’ve seen in a while. The best ones I’ve seen are in the 2.15-2.3 range
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Northpointe Bank will give you 2.55.
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https://www.bbvausa.com/go/clearchoi...9302290a24060e

If you do $10,000 in it for a few months it will also give you a $100 into the account.
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Originally Posted by BigRichard:
https://www.bbvausa.com/go/clearchoi...9302290a24060e

If you do $10,000 in it for a few months it will also give you a $100 into the account.

That's a really good find.

Not available in Arizona! :-)
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Originally Posted by MahiMike:
The fundrise REIT I'd highly recommend.

Are the downsides of a REIT the same downsides as any index fund? Not guaranteed, etc?

Sent from my iPhone using Tapatalk
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Originally Posted by Groves:
Are the downsides of a REIT the same downsides as any index fund? Not guaranteed, etc?

Sent from my iPhone using Tapatalk

Yeah, they're basically a stock as far as I can tell. I think they just have specific dividend rules.
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You could always shylock the money at 3% a week.....
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So Citi kicked off earnings season this morning

Originally Posted by :
Citigroup beats analysts’ expectations for profit and revenue on gains from the initial public offering of electronic bond trading platform Tradeweb.

That Tradeweb is up 75% since IPO. I wanted to buy some but got a small position thinking it listed fairly expensive. It's just kept going up tho like a lot of this year's IPOs. I think it's getting compared to MarketAxess which is a similar business and is up 600% the last 5 years. Tradeweb doesn't have as good of margins tho.. think it's too run up. There are a ton of new IPOs up 100% YTD now. Anything in payments or fin techy seems to be doing really well ytd. FDC, GPN, mktx. even just Mastercard is up 50% already this year. I sold some of my holdings in this area.
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