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Revscene Wall Street.
Consolidating debt? Good business tips? Buying stock? How's our economy doing? Discuss and share advice and tools on everyday banking, investing, wealth management and insurance. |
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05-01-2019, 05:04 PM
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#1 | | Wunder? Wonder?? Wander???
Join Date: May 2002 Location: Vancouver
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| You inherit a tidy sum of money. What do you invest in?
You inherit $10,000 - $50,000. Realistically knowing that there is no such thing as a quick buck, you would like to invest in something, whether it be stocks, a business, an app... whatever.
What do you invest in?
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05-01-2019, 06:00 PM
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#2 | | RS.net, helping ugly ppl have sex since 2001
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Use the money to buy a new apartment. Charge rent the same as the mortgage payment. Just about everything in a new build has a 10 year warranty so as a landlord it’s pretty low risk. Sell after 10 years and bank the appreciation
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05-01-2019, 06:05 PM
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#3 | | It's like going crazy when you're already nuts
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| Quote:
Originally Posted by 320icar  Use the money to buy a new apartment. Charge rent the same as the mortgage payment. Just about everything in a new build has a 10 year warranty so as a landlord it’s pretty low risk. Sell after 10 years and bank the appreciation | Not exactly. IIRC it is
2 years finishing
5 years envelope
10 years structural
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05-01-2019, 07:28 PM
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#4 | | Waxin’ Punks
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__________________
If you drive like an asshole, you probably are one. Quote:
Originally Posted by MG1 punkwax, I don't care what your friends say about you, you are gold! | Quote:
Originally Posted by mikemhg What do your farts sound like then? | | |
| | | This post thanked by: | !Aznboi128, 320icar, blkgsr, Blueboy222, evil_jigglypuff, Gerbs, gilly, jjson, stewie, Traum, underscore, Vancouver240sx, v_tec | |
05-01-2019, 08:52 PM
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#5 | | Revscene.net has a homepage?!
Join Date: Jun 2004 Location: Vancouver
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trip to vegas, all in on black, colour hit double up, if not right back to where you started
you only live life once
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05-01-2019, 09:25 PM
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#6 | | Old School RS
Join Date: May 2004 Location: Port Moody
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| Quote:
Originally Posted by 320icar Use the money to buy a new apartment. Charge rent the same as the mortgage payment. Just about everything in a new build has a 10 year warranty so as a landlord it’s pretty low risk. Sell after 10 years and bank the appreciation | There are 0 new apartments that you can buy with $50k down and have the rent cover the mortgage payment, strata fees and property taxes.
-Mark
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I'm old now - boring street cars and sweet race cars. | |
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05-02-2019, 08:09 AM
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#7 | | ESKETIT
Join Date: Feb 2004 Location: Shambhala
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hookers and blow
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05-02-2019, 08:11 AM
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#8 | | Rs has made me the woman i am today!
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party for RS
__________________ There's a phallic symbol infront of my car Quote: |
MG1: in fact, a new term needs to make its way into the American dictionary. Trump............ he's such a "Trump" = ultimate insult. Like, "yray, you're such a trump."
| bcrdukes yray fucked bcrdukes up the nose
dapperfied yraisis
dapperfied yray so waisis
FastAnna you literally talk out your ass
FastAnna i really cant
FastAnna yray i cant stand you
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05-02-2019, 08:33 AM
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#9 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Nov 2002 Location: 604
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Research top 3 divident ETFs or dividend stock, park it there through your TFSA if you have room. If not, RRSP.
Last edited by whitev70r; 05-02-2019 at 10:52 AM.
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05-02-2019, 09:23 AM
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#10 | | To me, there is the Internet and there is RS
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| Quote:
Originally Posted by lowside67 There are 0 new apartments that you can buy with $50k down and have the rent cover the mortgage payment, strata fees and property taxes.
-Mark | Outside the GVRD you probably could.
__________________ 1991 Toyota Celica GTFour RC // 2007 Toyota Rav4 V6 // 2000 Jeep Grand Cherokee
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Originally Posted by maksimizer half those dudes are hotter than ,my GF. | Quote:
Originally Posted by RevYouUp reading this thread is like waiting for goku to charge up a spirit bomb in dragon ball z | Quote:
Originally Posted by Good_KarMa OH thank god. I thought u had sex with my wife. :cry: | | |
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05-02-2019, 09:31 AM
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#11 | | linguistic ninja
Join Date: Aug 2001 Location: Vancouver, BC
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50K isn't a lot of money. Fill up your TFSA, put it into an ETF or two of your choosing.
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05-02-2019, 10:04 AM
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#12 | | I contribute to threads in the offtopic forum
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Dump it here for 3.25% for 6 months if you're still deciding. https://client.manulifebank.com/edo/...OMO_ID=DSP2019
Unless you have other opportunities, TFSA is a great idea if you're not maxed already.
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05-02-2019, 10:18 AM
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#13 | | they call me the snowman
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Interesting thread to come up today.
I just got an email from my money guy and it was interesting. For example, if you put this into a PIMCO managed fund when the fund started in 2012, you would have seen an average of 10.3% return per year. Your $50k investment would have nearly doubled in the last 7 years. That's not bad considering that your best bet on a standard bank account is going to be 2-3%. That said, you would have had to leave that money untouched in the bank for the last 7 years. That is the tough part, especially when you need a few bucks.
So fuck it. Go to Vegas and bet it all on black while banging two chicks at one time.
That's why I love RS.
Or be smart like Civicblues said, and TFSA that cash. At least you'll have some tax savings that won't eat up the principal.
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05-02-2019, 10:52 AM
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#14 | | Old School RS
Join Date: May 2004 Location: Port Moody
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Originally Posted by originalhypa Interesting thread to come up today.
I just got an email from my money guy and it was interesting. For example, if you put this into a PIMCO managed fund when the fund started in 2012, you would have seen an average of 10.3% return per year. Your $50k investment would have nearly doubled in the last 7 years. That's not bad considering that your best bet on a standard bank account is going to be 2-3%. That said, you would have had to leave that money untouched in the bank for the last 7 years. That is the tough part, especially when you need a few bucks.
So fuck it. Go to Vegas and bet it all on black while banging two chicks at one time.
That's why I love RS.
Or be smart like Civicblues said, and TFSA that cash. At least you'll have some tax savings that won't eat up the principal. | Or if instead of paying your "money guy" to invest in some PIMCO fund, you could have just bought an ETF yourself of the S&P 500 and from January 1 2012 to December 31 2018 you would have realized an average return of 13.27% and your $50k would have been $115.5k. If we included data from Jan 1 2019 to today, it would be up another 17% on top of that.
If you are paying an investment advisor, and that's what he has recommended, you need to PM me and let me make a referral for you (I am not an advisor) - you are not getting your money's worth.
-Mark
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I'm old now - boring street cars and sweet race cars. | |
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05-02-2019, 10:57 AM
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#15 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2010 Location: /
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| Quote:
Originally Posted by 320icar Use the money to buy a new apartment. Charge rent the same as the mortgage payment. Just about everything in a new build has a 10 year warranty so as a landlord it’s pretty low risk. Sell after 10 years and bank the appreciation | I don't think there are any cashflow positive condos in the lower mainland right now are there?
$100k > $500k condo > Mortgage will be around $19xx before taxes, strata, insurance.  https://gyazo.com/3fea8442e623176305d599f54ae09cb9
I'd toss it into VTSAX(Total Market ETF) if you don't need the money for 4-5+ years. Despite the possible bear market incoming soon.
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Last edited by Gerbs; 05-02-2019 at 12:17 PM.
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05-02-2019, 11:23 AM
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#16 | | I subscribe to the Fight Club ONLY
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Good to see that the OP has no debt. The only thing I can think of doing if I were in that situation is to spend the bulk of it on paying down my mortgage, and keep a sum around as emergency funds.  | |
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05-02-2019, 12:16 PM
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#17 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2010 Location: /
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| Quote:
Originally Posted by lowside67 There are 0 new apartments that you can buy with $50k down and have the rent cover the mortgage payment, strata fees and property taxes.
-Mark | I think in the mid-west USA you can get pretty close. But the maintenance upkeep will be huge.  Quote:
Originally Posted by lowside67 Or if instead of paying your "money guy" to invest in some PIMCO fund, you could have just bought an ETF yourself of the S&P 500 and from January 1 2012 to December 31 2018 you would have realized an average return of 13.27% and your $50k would have been $115.5k. If we included data from Jan 1 2019 to today, it would be up another 17% on top of that.
If you are paying an investment advisor, and that's what he has recommended, you need to PM me and let me make a referral for you (I am not an advisor) - you are not getting your money's worth.
-Mark | ^
Maybe the PIMCO fund has a lower volatility than SPY. Either way, index funds are the way to go for most folks.
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2022 Velo N
2005 S2000
2007 CSX Type-S [Sold]
2002 RSX-S [T-Boned]
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05-02-2019, 12:22 PM
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#18 | | RS.net, helping ugly ppl have sex since 2001
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In the app/condo scenario, it be a 0 sum cash flow or negative. Rent has to cover your mortgage, maintenance fee, and property tax, hard to get that much. Any gain would be gain in value for apt but when you add in the real estate fee for selling a few years down the road, I don't think it's a good choice ... might have been 5-7 years ago but not now. Do you see the glut of new condos going up everywhere?
Cleanest is the invest in safe stocks, etfs, in your TFSA or RRSP route. $50K nowadays don't go very far.
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05-02-2019, 12:52 PM
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#19 | | Old School RS
Join Date: May 2004 Location: Port Moody
Posts: 4,626
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| Quote:
Originally Posted by Gerbs Maybe the PIMCO fund has a lower volatility than SPY. Either way, index funds are the way to go for most folks. | I hope so given that it has a lower return, but in general if you have a long time horizon and can resist the urge to mess with your stuff, I'd prefer excess return over lower volatility.
-Mark
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I'm old now - boring street cars and sweet race cars. | |
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05-02-2019, 01:51 PM
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#20 | | linguistic ninja
Join Date: Aug 2001 Location: Vancouver, BC
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| Quote:
Originally Posted by Traum Good to see that the OP has no debt. The only thing I can think of doing if I were in that situation is to spend the bulk of it on paying down my mortgage, and keep a sum around as emergency funds. | Unless your mortgage rate is >5%, I'd actually put the money in a TFSA/dividend producing ETFs and have it earn somewhere along the lines of 7% for a few years. Then take that money and put it into your put it towards your mortgage when you renew. Unless it's of course, at an even lower rate.
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05-02-2019, 02:55 PM
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#21 | | Old School RS
Join Date: May 2004 Location: Port Moody
Posts: 4,626
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| Quote:
Originally Posted by CivicBlues Unless your mortgage rate is >5%, I'd actually put the money in a TFSA/dividend producing ETFs and have it earn somewhere along the lines of 7% for a few years. Then take that money and put it into your put it towards your mortgage when you renew. Unless it's of course, at an even lower rate. | Agreed - if you have room to either add to your TFSA or your RRSP and your mortgage is in the typical 3-4% range, you are doing yourself a disservice by paying it down when you could instead increase your investments on a tax efficient basis.
If the choice was a 5% mortgage or a taxable investment account, the choice would be more slanted towards repaying debt.
-Mark
__________________
I'm old now - boring street cars and sweet race cars. | |
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05-02-2019, 04:47 PM
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#22 | | RS has made me the bitter person i am today!
Join Date: Apr 2013 Location: revscene
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If casino and doubling down is an option, you might as well look into private placement investments (app/other businesses/etc).
If the plan is good, most private placements will start initial funding round at $0.10, with plans to IPO. While no one can guarantee how much return you will get, many businesses trying to IPO will have their founding shares locked for three years. This suggests they have an incentive to make the stock price as high as they can in three years.
The most recent one I've invested in is exactly that. Initial buy at $0.10, founding shares locked, they have a market maker, and (no guarantees but) aiming to hit $0.40 by Year 2. I'd say that's a pretty good return. 50K to 150K in two years.
But again, risky play.
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05-03-2019, 07:02 AM
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#23 | | Wunder? Wonder?? Wander???
Join Date: May 2002 Location: Vancouver
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I had a conversation with someone about 8 or 9 years ago. It was very brief because it was a random social event that was only an hour long. He was in his mid 30s and retired and now a money 'consultant' for fun. I've lost his contact info since. Anyway, I asked what he did to retire at such a young age. If my memory serves me right, he mentioned it had to do with him capitalizing on people's lack of ability to pay off their credit card debt. He wasn't a debt collector, but I can't remember the exact details of what he did. I asked how much he initially started with, and he said about $10,000. Our conversation was cut short. I emailed him for more info and he replied, but at the time I had a Shaw email account. Shortly after, I changed to Telus, and lost that email forever... oof.
Anyways, I was trying to google ways to 'capitalize on consumer debt' or something to that effect, but having no luck. It seems to always lead back to becoming a debt collector. Anyone have any idea what this guy may have been talking about?
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05-03-2019, 07:04 AM
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#24 | | Wunder? Wonder?? Wander???
Join Date: May 2002 Location: Vancouver
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And by the way, thank you all for the valuable information.
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05-03-2019, 07:50 AM
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#25 | | MOD MOD MOD MOD MOD
Join Date: Dec 2003 Location: vancouver
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Throw it in a a high interest savings account TFSA preferably while you decide what to do with it.
Pay off high interest loans first.
That's all the advice i can offer so far.
__________________ Quote: | [03-07, 03:26] Yodamaster - The feeling when you quickly insert without hitting the sides | | |
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