Anyone have any ideas on how to get some low interest rate cash? We have serious boat fever and have had it for awhile. Found the perfect boat, which is far cheaper than the one we originally were looking at, so actually we’d be saving money, right? Right…
All money I’m looking at is betwwen 5-6% and not tax deductible. Heloc, loans on rentals, boat loans. Best I can find is about 3.5% on paid off vehicles, and you can still get a little bit on Slate at 0% for 15 months and no fees. I used to be able to find cheap money everywhere, now it’s tough. We could probably pay it off in a few years or sell a condo… but we don’t want to displace our tenants, they are long term and we like them.
And I’m not calling up good old Dave Ramsey for advice on this one, to get called a moron!
Those jerks, it’s all a plot to make us miserable, I know it!
Funny though, it doesn’t seem like you can get much of an interest rate return on fixed investments now, or maybe I’d looked in the wrong places. You’d think you could get better returns when rates went up.
Interesting, maybe I’ll look into CD rates for my son, thought they hadn’t gone up.
Everything is in retirement or real estate, it’s all tied up. We’ve spent the last 3 years or so paying off the rental properties. Probably should have saved/invested it instead.
Hey you’re right, I just took a look. We are members of PenFed, maybe I can send my kiddo there. Then again, I wonder if it’s worth waiting for, rates are going up. Plus, he’s young and really should invest it, but already has money invested and none of us know where the rest should go. Market might go up…,and it might crash. Who knows?
The sentiment on the street (per CNBC talking heads) is that the current administration is very much interested in the markets going up. After all, Dow’s new high was touted as one of the biggest achievements. This is not to bash anyone or start a political war. This is to say that stocks might have some legs for a while (until Joe the public buys into the privatization of Social Security).
We’ve been selling our residential real estate portfolio…don’t want headaches in our retirement or to have to order a new dishwasher while traveling in S America. Yes, it happened.
“he’s young and really should invest it, but already has money invested and none of us know where the rest should go. Market might go up…,and it might crash. Who knows?”
Unless he has some short term goals, he’s at the age where he should be investing it, IMO.
With some money market accounts paying around 1.80% give or take, I’m not sure if it worthwhile locking into a CD for slightly more in a rising interest rate environment.
Following up on @doschicos --Fidelity is paying 1.96% and Schwab tends to lag by ten basis points. CD rates seem to have plateaued. Will wait to see if the MM rates keep ticking up.
We were in New Zealand (17 hour time difference), when a tenant fell out of bed and got trapped between the bed and the wall. She fortunately could reach a phone, after which the fire department came and kicked in the door and rescued her, or who knows how long she would have been there.
That was fun to deal with from 9,000 miles away.
It’s always an adventure… but the returns are substantial. We will get a property manager or have one of the kids start to deal with this stuff (since they will inherit our vast RE empire, they have incentive), I could never find returns like this somewhere else.
There was a lot of interest in this prior to the 2008 market crash. People kept writing articles about how much more money they would have if they had just invested those social security payments in mutual funds instead of just sending it to the government. Everyone wanted the ability to opt out. Then the market fell apart and suddenly, everyone remembered that markets also go down and that social security guarantee looked a whole lot better.
Good stocks are all very expensive and I’m not sure I’d invest in today’s aging bull market… But that’s just me. Through my wife’s employee stock plans, we’ve owned Walgreens stocks for a very long time. With increasing elderly population and longer life expectancy due to medical advances and better knowledge about healthy living, I really like Walgreens and CVS stocks for the long term. Walgreens has increased dividends consecutively for nearly 30 years, I believe, and they just announced another increase to 44 cents. I’m not really happy with the current, relatively new CEO, and I’m not sure which direction Walgreens is headed to, particularly in light of what Amazon is attempting to do now, but I have no plans to sell any shares of this dividend goose as it’s providing a pretty good retirement income. Hopefully, they’ll be able to continue with their impressive history of dividend payout without any disruption. But, I don’t trust the current CEO. He makes me nervous.
I am also concerned about the aging bull market, then again, I’ve been worried about that for years, so? I tend to go with Vanguard index funds too, as doschicos recommends. I am a little concerned about the brick and mortar stores, though Walgreens and CVS probably have a good online presence also. Dividends are good, they can’t take what they’ve given away from you.
and have had it for awhile. Found the perfect boat, which is far cheaper than the one we originally were looking at, so actually we’d be saving money, right? Right…
