Investment

Looking for investment that pay at least 10%

aglenda2000@yahoo.com
Does any know where I can invest $500.00 to $800.00 for a guaranteed 10 percent return, please let me know. Recently I saw a company on line which paid 10% on any amount invested, but were not FDIC insured, but had good feed back from investors. Unfortunately I cannot remember the name of the online company. If any one knows the company please let me know. ThanksRead More...
This is an interesting option: https://fundrise.com/acq-plus/start?utm_source=thepennyhoarder&utm_medium=cpa&utm_content=retire-by-2040Read More...
I would be suspicious of investors promoting 10% returns especially with a $500-800 investment. Higher interest paying accounts usually require minimum investments of $10,000 +. The stock market average over many years is 6-7%, and that's been one of the highest rate of returns for many years, typically.Read More...
Last Reply By Theodora · First Unread Post

Investing in real estate

Clkw84
Does anyone have any tips on buying real estate to rent out with little down money? We don’t have much retirement savings so we are looking for some passive incomeRead More...
@DipperDave Great tips, thanks for sharing! I am personally going the route of REIT's for now until I can have a better financial position to be able to invest in my own properties. I have been using Rich Uncles REIT for a while now but have constantly heard a lot about Fundrise and I intent do try them out in the future.Read More...
As many before have found out, investing in real estate to "hold and rent" may sound like passive income but it rarely is. You will be getting calls 24/7 for repairs and problems. An option would be to use a property managment company as a service. They take care of all of the problems and collect rent, but you still end up paying for the fixes plus their fees for the service. To answer your main question though about how to acquire real estate with little money down, it is certainly...Read More...
Last Reply By Moore Income · First Unread Post

Which Real Estate Website allows one to invest for:$50?

Sandynyc
Hello community. I am trying to increase my earnings through investment. I remember reading that a $50 investment was a way to break into Real Estate Investing. Does anyone know which website offered this option? Thank you. SandyRead More...
@Kendra Irvin I went to Groundfloor.com and it redirected to Groundfloor.us Do you have experience investing with this company? I like the concept, just not sure how much they require to get started.Read More...
Groundfloor.comRead More...
Last Reply By Moore Income · First Unread Post

Has anyone used the Acorns app?

Have any of you used the Acorns app before? It's an app that takes the extra change from your purchases and then invest that money for you. A friend mentioned it to me, just wondering if any of you could offer some tips on it.Read More...
Thanks for all info. Something I have been wondering about for a while.Read More...
@TheSugarFreeLife it was the exact same thing for me. I love Stash. I personally think Robinhood is more complicated because you have to choose the stocks yourself and you have to purchase a whole stock whereas Stash allows you to only purchase partial stocks. @BJLEE my favorite, that I have used for years and has gotten me around 20% returns is WiseBanyan. This is my top recommended robo-adviserRead More...
Last Reply By Linderlou · First Unread Post

Bеѕt Investment Plаnѕ wіth High Returns

Haritha
I am identifying prudent investment avenues tо соmроund wеаlth tо accumulate a sizeable соrрuѕ fоr vаrіоuѕ lіfе goals іѕ a еѕѕеntіаl aspect оf financial рlаnnіng. Investment doesn’t fоllоw a оnе-ѕіzе-fіtѕ-аll approach to financial gоаlѕ аnd risk арреtіtе аrе different fоr еvеrу individual. Amоng thе various аvаіlаblе financial instrument, іt’ѕ еѕѕеntіаl tо choose thоѕе which best аlіgn wіth your lіfе gоаlѕ. Unіt-lіnkеd іnѕurаnсе plans: Weaving іnѕurаnсе аnd іnvеѕtmеnt іntо a ѕіnglе рrоduсt,...Read More...
I am not familiar with some of these mentioned @Haritha Are some of these specific to your country? Mutual funds are one I need to learn more about and have been told as you mentioned that they are a great investment opportunity. Definitely something I will be looking into more.Read More...
Last Reply By Moore Income · First Unread Post
If you're considering investing, here are some things that are important to have done or be doing before you do. 1. Live on a budget. You'll benefit greatly by spending your money on paper, before you actually spend it. Plus you'll get to see where you're money is going every month. 2. Pay off all your debts. Get a copy of your credit report and pay off one at a time, starting with the smallest, working up to the largest. 3. Now that you no longer have any debt, with the exception of your...Read More...
@Rob Loftus Out of all the investment funds, please share why you chose Vangaurd's Index Funds.Read More...
All great tips, however when it comes to investing, I believe in starting out from the get-go, even if it is with just a little bit. Taking a balanced approach to finances means that one aspect doesn't get overlooked in the long run. For example, I could be really good at living on a budget but overlook paying off debt, or I could get really good at saving and never really learn to invest. My mentor has taught me to take a balanced approach to every aspect of finances: budgeting, savings,...Read More...
Last Reply By mintjulep · First Unread Post

Investment apps

Mexpensive
Has anyone ever signed up for an investment app? Like Stash and Acorns? I would like to be able to passively save some money as I have no retirement. I am not sure how good these apps are. I know no one personally who has ever used them. Has anyone here? What's your opinion yay or nay?Read More...
Thank you ! Just what I wanted to know .Read More...
I have signed up for both. They are both basic and simple to use, however I much rather prefer Stash over Acorns. With Stash, you choose your own companies and stocks to invest in whereas with Acorns, it is a robo-advisor so a computer does the work for you. So far I have had them both for over a year and I am just barely starting to see a return from Acorns. For the longest time they were actually losing me money. When you add on the monthly fee, it makes it not really worth it for me.Read More...
Last Reply By Mexpensive · First Unread Post

Compound interest

joann
When starting out saving, what is the best thing to do if you want take advantage of compound interest to grow your money?Read More...
Your best bet when getting started would be to find a high-interest savings account. With many new online banks and platforms being introduced to the marketplace, the interest rates are starting to get pretty competitive and it should not be hard to find something that could work for you. I am not an expert on the topic but I did f ind this article from Motley Fool that goes into more detail about what types of investments can give you compound interest. Hope this helps! For anybody else...Read More...
Last Reply By Moore Income · First Unread Post

Unprofitable companies are annoucing IPOS

Mo Brownies
So some big companies are about to become public. Big in terms of brand awareness and not profit. Uber and Lyft are the 2 next companies that are set to launch their IPOs later on this year. (I beleive Lyft will be this month). However, BOTH companies have never made a profit? Yet, there are alot of eyes set on buying stock from these companies. Why is that? Would you buy stock from Uber or Lyft? https://www.recode.net/2019/3/...er-ipo-public-profitRead More...
I think brands do try to 'trade' on their popularity rather than performance and unfortunately people will hear the name & think it is a great thing to get in on 'at the ground floor' hoping that it will be the next big thing. I won't be investing in it.Read More...
This is definitely very good information to have. I think people tend to get caught up with thinking of these companies in terms of becoming big like Amazon or Google. While I have no doubt these companies stand a chance of becoming big, one should really do a lot of research before making an investment and not just invest based on pure emotion.Read More...
Last Reply By Nicole · First Unread Post

Stock

Hello! Anyone here familiar w/stocks? My daughter has stock w/her employer. She's trying to fill out the FAFSA and its asking for the "Net worth of her investments". She has a stock plan and its on etrade. We are not sure what we are supposed to be putting on the FAFSA form. On a brokerage stmt I pulled up shows her Total Net Portfolio Value and on the Complete View page it shows Current Account Value and Total Account Value. Which value and I supposed to be putting on the FAFSA? Thanks!Read More...
I don't have any experience with filling out FAFSA forms and my investment experience is mostly limited to using apps and other platforms. But I did a little research and I came across this document which FAFSA put out going over that part of the form in detail. https://fafsa.ed.gov/fotw1920/help/fotw33c.htm Hoping this is somewhat helpful!Read More...
Last Reply By Moore Income · First Unread Post

Savings and Investing

Scotirish
I had smoked since I was 13, and having attempted to quit many times, the rising costs of cigarettes was concerning me greatly. I formulated a plan to weaning off cigarettes with the oncoming of e-cigs, but with a new incentive. Invest the money I would save on each daily purchase. To cement my earnestness I withdrew $3,000 and invested it through Vanguard into a health account. In the first weekend I found the e-cigs to be harmful to my throat and quit them immediately. I would do this cold...Read More...
Wow that is an awesome story. I like that you set a goal to reward yourself for quitting. I believe many people fail because they don't replace it with something better or simply have a big enough reason in their mind to justify quitting. This is a great encouragement to someone trying to quit that it is possible but it also shows the reward of investing in yourself. Way to go! @ScotirishRead More...
Last Reply By Moore Income · First Unread Post

A beginner's guide to investing

The Saving Scientist
Hey Penny Hoarders, For the longest time, I thought that investing was reserved for the financial elite. I didn't really understand the terminology and it just sounded too complicated to be worth my time. A year after starting investing, I now know so much more and I'm happier (and wealthier) because of it. Investing is the best (and most effortless) way to create wealth. I've written down some thoughts for people who are also only starting out on their investment journey. You can find it...Read More...
I learned everything I know about investing from the Indianapolis-Marion County Public Library. Check your library for books on investing, especially "A Random Walk Down Wall Street" by Burton Malkiel and "Millionaire Teacher" by Andrew Hallam. If you're not a reader, both basically say it's almost impossible to beat the market and you should aim to match the market by buying a diverse index fund. I've managed to invest on $8.50 an hour through Stash, and I keep an emergency fund tied up in...Read More...
Last Reply By BeckAtsila · First Unread Post

Stocks. Asset or Liability?

Moore Income
My mentor defines an asset as something that is putting money in your pocket on a monthly basis. A liability on the other hand takes money out. With that in mind he asked me once if the stocks I owned we're an asset or a liability. I instantly said asset, but the more I thought about it, the more I wondered. I decided to take a look at the stocks I had bought through the Stash app and I was surprised to find most of my stocks paid me 0 in dividends. I then found one that paid a small...Read More...

Investments for Beginners

Suze Knisley
i have managed to save a chunk of money that is just sitting in the savings account. I have a 401k through work but want to put my savings to work as well as I am nearing retirement age. If you had $50k, how would you invest it?Read More...
Could you put it in an IRA? Even though you're close to retirement age, you wouldn't be taking the whole amount out the day you retire - so beyond your distribution, the money in your account would still have opportunity to grow.Read More...
Dont worry abt markets up and down just put something away every month in a good Fidelity Investments or Vanguard mutual fund. General Market fund. Look at it in 40 years and you will be HappyRead More...
Last Reply By Former Member · First Unread Post
×
×
×
×