This is the investment discussion thread. If you follow my threads, they usually have something to do with finances and this is no exception.
The topic of this week is about investments.
I'm asking for members advice, experience, knowledge of different investments. "I'm not an experienced investor," besides the Roth, 401k, common stock, bonds, mutual funds.
I am interested in hearing the pro's and cons of different investments. I understand most investments if not ALL investments involve risk. Some riskier than others, some require knowledge and research, some require experience. This is my first step in acquiring these resources and making them available for public forum.
Investments in Question:
Other investment ideas and experience not listed here please feel free to discuss!
personal example situations:
Asset holding
Have 9 acres of land in Jamaica (81 acres total between 9 family members) in an undesirable terrain consisting of hill side with rocks and vegetation. The location is desirable and near a tourist area although not beachfront. Family has done nothing with this land for over 75 years and I am not sure what can be done to turn this into a cash cow without requiring large amounts of financial resources which I do not have access to? *Advice is welcome*
Although I own and have experience with this I would not suggest this to others because it is extremely hard to do anything with this type of land holding.
The topic of this week is about investments.
I'm asking for members advice, experience, knowledge of different investments. "I'm not an experienced investor," besides the Roth, 401k, common stock, bonds, mutual funds.
I am interested in hearing the pro's and cons of different investments. I understand most investments if not ALL investments involve risk. Some riskier than others, some require knowledge and research, some require experience. This is my first step in acquiring these resources and making them available for public forum.
Investments in Question:
- Real Estate - Buying property with the intention to live or rent. Renting for income and buying multiple properties be it section 8 or nicer property.
risk:
No tenants
Property damage
Section 8 properties (do not want to own or live in when retired)
"I recently heard of a renter scam where renters pay the deposit required and proceed to live without paying the rent. By law it takes 2 - 3 months to evict the squatters and the owner ends up paying" - Small Business - physical location (stores, restaurants, etc)
- Small Business - mobile (moving repair, cleaning, etc)
- Small Business - virtual (graphic design, web development etc)
- Buying and Selling - Real Estate, Cars, Land etc.
- Assets - Stock piling things like gold, land or even stock and sitting on them
- Portfolio Management: Stock, Mutual Funds, Bonds and others
- Retirement - Roth, 401k ect
Other investment ideas and experience not listed here please feel free to discuss!
personal example situations:
Asset holding
Have 9 acres of land in Jamaica (81 acres total between 9 family members) in an undesirable terrain consisting of hill side with rocks and vegetation. The location is desirable and near a tourist area although not beachfront. Family has done nothing with this land for over 75 years and I am not sure what can be done to turn this into a cash cow without requiring large amounts of financial resources which I do not have access to? *Advice is welcome*
Although I own and have experience with this I would not suggest this to others because it is extremely hard to do anything with this type of land holding.
The Investment Thread
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