Q stock pays good dividends and is attractively priced
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Give your cash to me ;-D
On the contrary Anonymous180742, the best way to serve a nice STFU to a troll bringing up a topic he knows nothing about is to bring real data based onwhat you've already experienced, something he/she most likely won't ever have the opportunity to, given his/her financial constraints. And I love serving my plate of STFU nice and cold, in a cold hearted way.
When did this forum become a finance advisement site? Are you people this stupid? OP is jackass and gets off on screwing with people.
180664: There will always be people who are willing to spend outrageous sums of money for crap. Take Jackson Pollock paintings--please! A neighbor of mine sold his rusted hulk of a VW--the original ones that hit the U.S. in the 1960's for $2,000. They retailed for $800 back then. The original 60's era Corvettes and Ford Mustangs in good condition will sell for about as much as a vintage Porsche. The reality is that most of us live within 5 miles of the ocean, and salt air is hell on metal. And a lot of us like to ski. Road salt is even more corrosive. I sell all kinds of stuff on eBay that people are willing to pay outrageous prices for simply because it's "vintage." "Vintage" is the most hackneyed term in Christendom--with the possible exceptions of "artisan" and "hand-crafted."
Anonymous180655... Uh. Go to https://www.hagerty.com and look up most early-80ies air cooled Porsche 911's. Selling close to $80k+. The GTx's are well over $100k some closer to $200k. That's more than new porsche's cost. There's a heavy demand for air-cooled old Porsche 911's. And we're not even talking "pristine condition". A lot of these cars are simply restored or simply in mediocre condition. Again, there's an entire cult culture behind some of these cars that most people will just not understand.
Testing: F***! Thelayoff.com has a built-in censor!
180600: "Classic cars" are rarely good investments unless you can afford to let them sit in a garage. Use common sense. Stick to something that is not terribly expensive--but consider what you will be using it for. If you want something that hauls skis or bikes on weekends, you'd need a hatchback or at least something with a roof rack. If you spend at least an hour a day stuck in traffic, or you have to drive for work, make sure the seats are comfortable. Trust me: Your back will thank you for it! A decent amount of horsepower is pretty much a must if you commute on highways--so you can get the f*** out of the way of the other maniacs on the road. And great mileage for that class is always a plus. Also, if you are paying cash, haggle like hell. They can afford to give you more than 10% off MSRP for an all cash deal.
Anonymous180618. I don't believe in individual stock picking for most people. You might get a few of them right. But more likely get more wrong in the long term. People who usually talk about making a killing in one stock usually don't talk about the three others that they got killed with. For someone less that $400k liquid, stick to indexes or etf and leave the individual stock picking to Warren Buffet, with either BRKA if you can afford that or BRKB if you can't. For a good read, read 4 pillars or investing by Bernstein. Then let time and passive investment run its course. And go have a beer.
Forget a fancy car if you are an engineer, not an executive. Buy a reliable, used car, pay off any credit cards. Pay down debt, max out 401K, IRAs. ------
Time to buy rentals was years 2008 to 2009.
Which is the best stock blog? You say don't use yahoo stock talk....
OP is using this site for his sick morbid ideas. Everyone should ignore dumbass posts like this.
It amazes me that some people wake up one day and simply think "wow, I have money now. I'm going to be a landlord and make money by buying rental property". You don't just wake up one day and instantly find a good cashflow property that you can easily rent out and get a nice ROI. It takes months/years of waiting of the right conditions coming together. We're not in this period of time at the current moment (well, at least not in CA). If you are serious about any sort of long term investment, you usually spend a few months doing your due diligence assessing the current situation and learning from those that have already done something in what you are thinking about doing. That usually means starting out and pondering your investment dilema in the appropriate financial blogs dedicated to that (not this blog nor yahoo finance message boards). You drop your pride, what you think you know, your biases (bear or bull), and just STFU and listen to what others have to say, think, evaluate, think, ask more questions, ask for data, think, evaluate, and again STFU and listen, and repeat the process over and over again. It's amazing what you can learn once you STFU and actually listen to what people have to say. Some of it, you'll toss out. Some of it will stick. And that's the point. Go to a financial blog and post your questions there.
The only Porsche I would consider for an investment right now is a GT4, if you are fortunate enough to get one at MSRP. It will easily be a collector's car 10+ years down the road. Unfortunately, current prices are $20k above MSRP, which puts this car into 911s territory, making that less profitable as a collector. Cayenne's are the worst Porsche's to buy. They depreciate pretty quickly, as will the other Porsche SUV the Macan, because their isn't a big cult behind them (unlike 911's and GTx). I never understand people who spend money to buy Porsche SUV's. Get a cheap SUV that is reliable and then get a real Porsche. But hey, Porsche makes the most money off of the Porsche Cayenne and Macan, so as long as they can milk those buyers, and spend the profits on those cars on R&D for their real cars, that's fine by me.
On a more serious note. Rental property. Good lucky cash flowing well right now in the better parts of California. 3-4 years ago, you could find something that would have a ROI of 8-10%. Now, the best you an probably do is "break even" on cash flow with standard 20% down, which isn't really worth it imho, considering the chances for greater appreciation from this point on is very unlikely. If you are outside of CA, there are still some good areas that cash flow around 7-8%, but that requires you to remote manage if you don't live there. I won't recommend that if you're being a landlord for the first time. I'd opt for the dividend paying stocks right now, simply because things that are typically dividend paying have gotten hammered recently (oil/energy stocks, consumer staples like P&G, etc). Get a nice index fund or ETF that tracks the major dividend plays. Keep half of your cash in cash...when interests rates do rise, dividend stocks do take a hit. However, the Fed probably won't raise rates until mid of 2016, and when they do it will be a long, drawn out process of slowly trickling rates up. The Fed is too smart to bump up rates quickly and undo all the benefits of cheap money has brought to the US economy thus far. I think people are over-worried about rates going up creating havoc on all the markets. The Fed has this planned economy under control all too well. People often say that the Fed can only kick the can down the road for only so long. I disagree completely. If there's anything the Fed and Yellen/Bernanke/Greenspan has proven time over time again is that the the Fed can and will kick the can down the road, and can and will kick the can as far and long down the road as it can. In fact, the Fed is an excellent can-kicking guru.
Buy a porsche cayenne with your package bro