When you pay off mortgages, autos, and credit cards you are making the best return on your money. Just look at your interest rates and amoritization schedules.
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Have Some money to invest
- Thread starter Gimmeguns
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Only stock I ever shorted was Netflix several years ago. It was trading around $20. I made a few bucks. Got out. It has now split 7:1 is around $100 (or $700 adjusted) and has doubled this year alone.
This stock was a topic of discussion last week b/w me and a stock lady in NYC. She said to buy but I haven't pulled the trigger yet.
NETFLIX up $11.67 stock of the day
Pay off credit cards and mortgage. Then with the additional cash flow each month, dollar cost average into several stock funds.
I think I'll bet it all on the GA Tenn game this year. Come on UT, double my money...LOL!
Everyone agrees. Pay off debt, then focus on medium to long term safer investments
I have been paying off debt with a passion. <10 G's to go and I will be completely 100% debt free. I plan on buying some land and have the land and the attraction I build on it make me money.
I know I am odd but the stock market spook me. When it tanked the last time I knew of several seniors that were set up to retire and see the world, then boom, all of a sudden they went from planning trips across the globe to applying a Publix, they were way in over their heads in mortgage and car payments.
So whatever route you choose, keep in mind that it may not go as planned and keep the bills simple.
I know I am odd but the stock market spook me. When it tanked the last time I knew of several seniors that were set up to retire and see the world, then boom, all of a sudden they went from planning trips across the globe to applying a Publix, they were way in over their heads in mortgage and car payments.
So whatever route you choose, keep in mind that it may not go as planned and keep the bills simple.
I'm sure you remember that real estate tanked too. Many lost their investments and some their homes. No investment is certain and therefore need to spread your money around. Diversify and plan to hold for the long haul. Although it would grow faster with a new administration, both stocks and real estate have returned pretty well, and some investments extremely well. If you plan to need the money in the short run, put it in the mattress or worse in the bank.
Never put all eggs in one basket for sure!
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