#investment

Buying land as an investment

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Buying land as an investment I’ve was given $100,000 from a relative, and it’s been sitting in the bank for months. I’m thinking about buying maybe an acre or 2 of land ~20k and building a little cabin on it so I wont have to worry about housing ever again. And eventually I want to build a second one and Airbnb it for some extra income. What are some potential pitfalls of …

Reddit Personal Finance 1.3k 2024-01-09

How to refinance a HELOC on investment property

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How to refinance a HELOC on investment property Basically what the title says, my father opened a 320,000 HELOC on his and my mothers second house to pay down debt he had accrued in other business ventures. He recently passed and we are only now finding out about it. The rate was variable and since interest rates were low for so long it wasn’t much of an issue but now we are struggling on how…

Reddit Personal Finance 471 2023-11-26

Cashed out 401k for investment that didn’t work out

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Cashed out 401k for investment that didn’t work out Need some advice… Early this year, I cashed out about 100k from my 401k to invest into a rental property. After waiting a couple days to get cash in hand, the opportunity was long gone and I still have the money sitting in a savings account and CD averaging about 4-5% interest. Dumb me only paid the 10% penalty and nothing to federal tax. What…

Reddit Personal Finance 941 2023-11-02

Investment Transfer; Scare Tactics, Legitimate Concerns, or a bit of both

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Investment Transfer; Scare Tactics, Legitimate Concerns, or a bit of both I have a couple of managed investment accounts through a major bank (Chase). Recently, the investor I have been going through left voluntarily to join a large investment company (Ameriprise) that has a deal with a local bank. They called me, and we met to talk about me continuing to work with them. I’ve been considering moving my accounts over s…

Reddit Personal Finance 1.1k 2023-10-20

How to Know When an Investment Fee Is Too High

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How to Know When an Investment Fee Is Too High When you’re focused on how well your investments are performing, it’s easy to overlook hidden fees that come with with investment services. Investment fees are charges you pay for the services of your investment accounts and financial professionals. But how much should investment fees cost, and how can you tell when… Read more…

Lifehacker 205 2023-10-06

New to Singapore. Investment recommendations request

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New to Singapore. Investment recommendations request Hello friends, Hope you’re all doing well. I recently moved to Singapore from Europe and would like to commence my investment journey. My Investment strategy/goal is fully “passive” (i.e, Invest about 6.5k SGD per month, diversified into regional or world index funds, with a time span of 10 years). I would be most grateful if you all could help…

Reddit Personal Finance 175 2023-09-11

Looking for investment advice

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Looking for investment advice Hi all and thank you in advance. I (31M) am starting to get a little worried that I will never have enough to save for a down payment or that it will take too long to do so. I unfortunately live in one of the most expensive areas in the country (Washington DC). Here are my current financial stats: Current savings: ~3,000 (100 per month)

Reddit Personal Finance 121 2023-09-10

Sources: Saudi investment in PFL tops $100M

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Sources: Saudi investment in PFL tops $100M As part of what sources said was a more than $100 million investment into the mixed martial arts company, the PFL will launch a regional league in the Middle East and plans to hold pay-per-view Super Fight events in Saudi Arabia.

ESPN 314 2023-09-02

Investment Advice for short term duration

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Investment Advice for short term duration I can save 1 L per month, currently I’ve mutual fund SIPs, ESOPs, NPS around 30 K per month. I still have 60-70 K per month to invest. Where should this amount be invested for short term (6 months- 1 year) to generate maximum returns? Is there any other better option than short term mutual funds? submitted by /u/Politicalkida

Reddit Personal Finance 230 2023-08-27

Mortgage or investment

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Mortgage or investment So we purchased a new house for 250k, we put 100k down so our mortgage is a 30 year for 150k at 6.75%. We currently have 30k of liquid savings that are not earmarked for anything other than emergency funds. With the HYSA we have we are making approx 130 bucks a month on the money just sitting in there which equates to 1500 a year which we were …

Reddit Personal Finance 229 2023-08-25

Inheritance investment options

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Inheritance investment options I’m 45 and make about $60k per year. I have about $300k in retirement accounts, and $70k in stocks. I have always invested about 20% of my income. My partner is 50 and was laid off during Covid. He had no savings and spent the last two years caring for his parents. Both his parents passed away and he inherited about $1 million. The estate is no…

Reddit Personal Finance 183 2023-08-24

Investment Advice for Teen Son

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Investment Advice for Teen Son Hey all, My son is 18 and just started college this year. He’s worked part time for 2 years now and has saved a healthy amount of money to lean on at school until he gets a new on campus job or job close to his university. However, he’s also got a small trust account. It was established when he was 6; it was a settlement from a bad car acciden…

Reddit Personal Finance 242 2023-08-21

Advice on Transamerica 403b Investment Options?

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Advice on Transamerica 403b Investment Options? Does anyone have any advice on these investment options for my employer’s 403b? I’ve asked colleagues (everyone basically told me they picked randomly), googled extensively, and just can’t find any info on the nature of these options, risk profile, fees, etc. Any help appreciated. KEY3 Transamerica Partners Government Money Market Subaccount GD…

Reddit Personal Finance 180 2023-07-27