Inheiritance Money Investment - Chevelle Tech
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post #1 of 89 (permalink) Old Feb 3rd, 20, 12:20 PM Thread Starter
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Inheiritance Money Investment

My MIL passed away a few months ago and left my wife a little money, she's thinking of putting $20K in a CD or IRA but they only offer 1.5% is there something better that's not a gamble? I told her another Chevelle would be GREAT! she didn't find any humor in that lol
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post #2 of 89 (permalink) Old Feb 3rd, 20, 12:25 PM
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Various stocks pay 4-7% dividends.
Why wholesale yer $ at bank ?
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post #3 of 89 (permalink) Old Feb 3rd, 20, 12:33 PM
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Re: Inheiritance Money Investment

Go to a money manager, like an Edward Jones rep, and have a talk with them as they have some good options, but another Chevelle is always a good idea!

Willie

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post #4 of 89 (permalink) Old Feb 3rd, 20, 1:00 PM
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Re: Inheiritance Money Investment

If she doesn't like the Chevelle idea, how about a Camaro? She could also buy 20K worth of lottery tickets and hope for the best.

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post #5 of 89 (permalink) Old Feb 3rd, 20, 2:14 PM
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Re: Inheiritance Money Investment

As funny as it sounds with the craziness of the car world these days, a chevelle would be an investment that you could probably make money at!
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post #6 of 89 (permalink) Old Feb 3rd, 20, 2:52 PM
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Re: Inheiritance Money Investment

Ally bank for cash; their money market pays a decent rate. Its all automated tho. PS Ally was formerly known as GMAC. www.ally.com

Good idea by Willie.... I happen to know one of those folks, quite intimately! But dont yet, ask wifie to define "gamble".

Rates have collapsed again Rick, meaning the rates on guaranteed safe investments. Six months ago, the TD Ameritrade inventories were choc full of 3% 2 yr cd. The ten year treasury was 2.7%. NOW the 10 yr treasury is 1.7% and you can't hardly find a 1.5% CD. All this while inflation runs at near 2%. Yup, today's CD rates GUARANTEE your money loses its purchasing power long run. Yet, you get 100% safety short run.

The trouble also is, when rates collapse, all financial assets get bouyed, or inflated. So now you have 1.5% CD and stocks that are nearly exhausted , stretched as far as valuations will allow, or close.

So, its a hard time to put money to work, either risk-free, or some risk, due to external factors.

Once again, a money market fund from Ally yields 1.60% with daily liquidity and FDIC insurance. GREAT place to park cash while you go Chevelle hunting!

In the meantime, dial up Vanguard's WELLINGTON fund. You and wifey take a look at it. I wonder if she would consider it a "gamble". It is a very good balanced ( 60% stocks/40% bonds) fund. But look at the downside it has shown; see what she says. Hardest part is to define risk. Once you do, investing becomes easier.

To that end.....

I'll be doing these with my investment class tonight; its not a bad excersize you that and the Mrs might take a few minutes to do. That way if you do meet with someone, you can say " we already started working up our Investment Policy!", as that is what the questionnaire starts for you, a policy on how you prefer the funds invested. https://www.schwab.com/public/file/P...stionnaire.pdf

Gene
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post #7 of 89 (permalink) Old Feb 3rd, 20, 3:01 PM
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Re: Inheiritance Money Investment

1.5 percent isnt worth the trip to the bank. Use it to flip cars and parts.

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post #8 of 89 (permalink) Old Feb 3rd, 20, 3:02 PM
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Re: Inheiritance Money Investment

It aint his money man.

Gene
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post #9 of 89 (permalink) Old Feb 3rd, 20, 3:14 PM
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Re: Inheiritance Money Investment

Quote:
Originally Posted by Reelysalty View Post
Various stocks pay 4-7% dividends.
Why wholesale yer $ at bank ?
OXY stock 7% dividend and low share price right now due to restructuring. Make the dividend and ride the share price up.
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post #10 of 89 (permalink) Old Feb 3rd, 20, 3:23 PM
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Re: Inheiritance Money Investment

Oil is slowly going out of business, although not in our lifetimes. Don't EVER expect any dividend increases from oil anymore. Oxy is decent co, for sure. BP pays a fat dividend.

7% , heck man, you can buy iron ore pellets and earn 12%! ( Mesabi trust)

PIPELINES may be preferred to OXY by most professionals . They make $$ as long as we consume. Oxy good if you believe oil will be going up anytime soon.

ENTERPRISE PRODUCTS is the grandaddy, along with Kinder Morgan, which used to be Tenneco. Tenneco is now an auto parts supplier ( and WICKEDLY CHEAP IF YOU GOT THE BALLZ!). The high yielding risk in that group is Energy Transfer. PS, those are public partnerships that generate K-1s, so only in IRA accounts or you'll upset your accountants.

REMEMBER kids, there has been more money lost chasing yield, than stolen at the end of a gun ( AND THAT WAS COINED IN THE 1930'S ! )


RICK k_i_s_s principle , PUT THE FUNDS IN THE ALLY M/M ACCOUNT UNTIL THE BEAR MARKET REALLY TAKES HOLD! And then invest. Its GOT to be soon. GOT TO BE.

Gene
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post #11 of 89 (permalink) Old Feb 3rd, 20, 3:39 PM
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Re: Inheiritance Money Investment

Quote:
Originally Posted by shovelrick View Post
My MIL passed away a few months ago and left my wife a little money, she's thinking of putting $20K in a CD or IRA but they only offer 1.5% is there something better that's not a gamble? I told her another Chevelle would be GREAT! she didn't find any humor in that lol
This:

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post #12 of 89 (permalink) Old Feb 3rd, 20, 3:48 PM
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Gene
 
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Re: Inheiritance Money Investment

Hahaha, it's way, way sexier than this! https://publicsecurities.brookfield....%20Sheet_R.pdf

Gene
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post #13 of 89 (permalink) Old Feb 3rd, 20, 3:49 PM Thread Starter
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Re: Inheiritance Money Investment

I had her read the replies and she's going to think on what to do, yes not my money and I'm terrible at investing in cars, motorcycles, did make some $ on old Harley parts but not enough to want to do that again and she wouldn't want to either, she's talking another savings acct. but I'm saying no to that, if she listens ? thanks for the replies guys I've never been in this position before


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post #14 of 89 (permalink) Old Feb 3rd, 20, 3:54 PM Thread Starter
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Re: Inheiritance Money Investment

HaHa I was typing I guess, Mike I'm going to be selling both my Harleys this year, Dr. says neck is so screwed up I'd be in a wheel chair if I fell wrong off a step ladder, m/c and with all the idiots behind steering wheels with a phone between that and their face I'm giving up riding, I need to nudge her in an investment like Gene is talking about
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post #15 of 89 (permalink) Old Feb 3rd, 20, 4:54 PM
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Re: Inheiritance Money Investment

Or just have her call me Rick. I wont charge a penny for a phone con. That investment policy worksheet from Schwab asks all the right questions!

and I am NOT recommending any investments to the public here. That Brookfield sheet is representative of what is out there. Some risk, but not market going away risk.
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