Investment

Featured Topics

Beginner Investing

Emme
Hello. New to Penny Hoarder forum. I am 63 and looking forward to semi retirement. I am interested in learning about passive income. Any suggestions on where I might begin? I know next to nothing about investing.Read More...
That’s the tough call on where and who to invest with. Whoever you choose to invest with you’ll want to rigorously research them thoroughly. They are professionals but because of that they take X amount of percentage of your profits. Verse if you were able to dedicate heavy research and invest on your own. Then you pay nobody to make money with your money. But be warned if your not strict with your dedication into investing then you are going to take more loss in which for your case you...Read More...
I am completely deficient in the area of finances! When I leave my present job, I have the option of withdrawing my pension monies or taking an annuity payment for life. Half my work life has been private sector; the other half public. I have 3 more years before Social Security full retirement age. I am leaning towards taking a partial or lump sum instead of annuity payments. I would like to invest some of that money into something that will possibly cover basic living expenses (utilities,...Read More...
Last Reply By Mr. Demario · First Unread Post

Topics

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...
I've been thinking a lot about REITs. The problem, if I understand the vehicle correctly, is that you don't get a say in what commercial properties are bought in what cities, so that's high risk to me. Somebody please correct me if I'm wrong here and you do get to make a lot of the choices in REITs, or if there are REITs out there that allow you to pick and choose cities/property areas. Then I started to realize that my biggest passive investment vehicle is my house, as it is with most...Read More...
There are so many ways to invest in real estate these days. It is one of my favorite investment options. REITs are great and easy to invest in. They are traded on the stock market and can be bought and sold easily. Many of them also pay monthly dividends like ORC or O. You might think of trying AirBnb. Any extra space you can rent out to people and earn extra cash. I live in Dallas near the Cowboys stadium and whenever there are games I just rent out a room and make off like a bandit. You...Read More...
Last Reply By Elizabeth Barnett · First Unread Post

REIT

Robert Mattress
I’m seriously thinking about putting in the minimum amount to start investing, does anyone know about REIT investing? I am expecting good returns for my money. I know all investments come with risk of losing the money you put into your investments.Read More...
I've been thinking a lot about REITs too. The problem, if I understand the vehicle correctly, is that you don't get a say in what commercial properties are bought in what cities, so that's high risk to me. Somebody please correct me if I'm wrong here and you do get to make a lot of the choices in REITs, or Are there any REITs out there that allow you to pick and choose cities/property areas?Read More...
Hi Robert, The Penny Hoarder team has a great article on this! https://www.thepennyhoarder.com/investing/invest-in-real-estate-for-under-500/Read More...
Last Reply By Elizabeth Barnett · 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...
I looked at apps that PH has written about, like Fetch, Acorns, etc., but it's literally pennies per month that you are saving and it doesn't accumulate fast enough and the work involved doesn't match the return on investment for me. Acorns' management fees make it ridiculous to me, and you have to maintain at least $5000/mo. in the account to get the management fee to where I want it---under 1%. Why would I pay 12% in management fees to save $100? I don't have any fees with a jelly jar on...Read More...
Thanks for all info. Something I have been wondering about for a while.Read More...
Last Reply By Elizabeth Barnett · First Unread Post

Anyone else having issues with Acorns?

fauna
I recently signed up with Acorns to invest my change (small unmissed change right). It's been OVER a week and still haven't been able to get completely set up. The page that comes up when you open app "personal information", asks for just that. But I fill it out & hit next to continue & window pops up that says " Something went wrong. Please try again in a few minutes". Well, that was over a week ago & still trying. They have no customer service number on there that I could see.Read More...
I was reading (on another financial site) about Acorns' fees. It doesn't seem worth it to me to pay 12% in fees to hold $100 in the account all the time. To make it worth it to me, which would be under 1% in fees, it looks like you have to hold $5,000 in the account all the time. Do you know what are you paying in fees for your Acorns account?Read More...
Hi @fauna ! Were you able to get in touch with Acorns' customer service team for help with the sign up process?Read More...
Last Reply By Elizabeth Barnett · First Unread Post

Home Sale

Heather C
Hello, My husband and I flipped our first house and stand to make over $150,000. Our question is what do we do with all that cash? Invest? Save? pay off debt? or use it all as down payment for our next home?Read More...
Invest in a lucrative business that has benefits in a long haul.Read More...
Our only debt is student loan debt, which is about $50,000. We do want to purchase another home, and we have only invested a small amount of money through the Robinhood app. We just want to be sure we make the money work best for us and our future.Read More...
Last Reply By Zara Zoey · First Unread Post

Forex market

Felicia
Hello fellow hoarders. I have a question....has any of you tried trading as a side income?Read More...
I did it years ago- it was a lot of watching markets in the middle of the night and being able to handle risk- it's exciting, scary, exhilarating- I did it for a few months but decided that I needed to focus more on my day job- it's a lot like poker or sports gambling- if you put the time in to study everything and really focus on it, you'll win more than you lose. But things happen out of your control, so you need to be able to stomach risk. I won't lie- it was fun for awhile since I did it...Read More...
I haven't, but I'd love to know if some of our fellow Pennyhoarders have.Read More...
Last Reply By Makingithappen2019 · First Unread Post

Fundrise

keejudy16
How do you get started in the real estate investment starter portfolioRead More...
Check out the Pennyhoarder article on Fundrise: https://www.thepennyhoarder.co...ney/fundrise-review/ . You can invest smaller amounts into real estate portfolios. I don't have personal experience with them, but does anyone else?Read More...
Last Reply By lismox · First Unread Post

Robert Kiyosaki

Is anyone (preferably someone with lots of experience in this area), familiar with R. Kiyosaki? He has a couple books out, Rich Dad, Poor Dad. I was looking into his investment strategies which he says are very simple and anyone can implement them. Are his strategies integral? Do they work? Still interested in clarifying the facts..thanks for any feedback. I want to invest money but in a sound & solid way...Read More...
I read Kyosaki’s “Rich Dad, Poor Dad” book a few years ago, and might have read another one of his books(I’m not sure). I believe he gives some excellent advise , such as invest in income producing areas, but I also take his advise with a grain of salt. The fact that he is (has been) investigates for fraud/questionable actions is a red flag, but always remember: innocent until PROVEN guilty. And keep in mind: many times, dov’t agencies are not always honest or competent while they...Read More...
My career was sales and most sales people are seminar/book junkies. I attended and read many and here's my take: 1. I always always took away at least 1 brilliant or motivating idea and usually it paid for the seminar or book; 85% fell in that category. 15% presented 2+ brilliant or motivating ideas and were jackpots. 2. I always wondered why the seminar teachers were teaching and authors publishing instead of doing whatever made them raving financial success stories. One can not have too...Read More...
Last Reply By B.L. Johnson · First Unread Post

Anyone heard of Loved Investing app? Thinking of gifting my niece a $5 stock this christmas

Hi - Came across this app Loved which lets me gift stocks to my younger family members. Has anyone had experience using it? It seems like a COOL way to gift so that younger family members sort of have a matured portfolio when they turn 18. Please share if you have used this app.Read More...
I just realized they are only available on iOS, I have an Android so it wouldn't let me signup. Lucky for me, my wife has an iPhone so I will still be able to test it out but I figured it was worth mentioning in case anyone with an Android was hoping to try them out. They do say on their site that they are working on an Android app though.Read More...
This is my first time hearing about it but it does seem like an interesting concept. From what I can tell they claim to be 100% free to use which is one of the first things I look at when investing with any app. There are so many free ones out there so it really doesn't make sense to have to pay for these services. I don't have any personal experience with Loved but I always try any new service I come across so I will definitely let you know how it goes.Read More...
Last Reply By Moore Income · First Unread Post

This week in... The Penny Hoarder Community

Ashlee
Happy Friday! Whew! Where has this week gone? Here’s your weekly round up of announcements to get you through today and into the weekend... We’ve crowned our November Member of the Month. Join me in congratulating Lisa Acu ñ a (@lismox) for being selected this month’s winner! We all appreciate your help around here, Lisa. Each month we look to crown a new winner. We’re looking for someone who is super helpful and active in the community. Each winner receives a $25 gift...Read More...

Happy November!

Ashlee
We’ve made it to the end of the week and the start of a new month Penny Hoarders! Who here can’t believe it’s already November? 😳 This week I want to know if you’re a planner or a procrastinator… Do you start planning and budgeting now for holiday purchases or wait until the last minute? What about your New Year’s resolutions? And now for this week’s announcements… We just hit a HUGE milestone Penny Hoarders… 10,000 community members! Join us in a celebratory happy dance, then go check out...Read More...

Website called Fundrise

I'm new to investing. As in, I want to start. I don't totally trust big companies like Wells Fargo and was reading on here about a website called Fundrise. Has anyone used this? Is it a legit site? I feel more comfortable using that type of investing. Any help would be appreciated!Read More...
I am so sorry...I don't have that information yet. I've been looking for that kind of thing myself. It's one of the things that I have been holding out for before I invest in them. You could write their investment counsellors and they could probably give you that information. Hope that helps. I'm still waiting for them to answer.Read More...
Yes Thank you for the info but I was thinking more in terms of investor profits vs company profits.Read More...
Last Reply By AverageJoe · First Unread Post

Do I Need a Broker to Buy Stock?

Donald max
hello i am Donald Max and i am running a company which are providing the packaging services. i am getting good profit from this business which i want to invest in stock is there any buddy help me and tell is this right decision. and also tell me i need broker to buy stock.Read More...
ok thank you so much for your advice brother I will check your giving site then come back for more helpRead More...
If you have funds you don't need for the next 5 years them you can invest without a broker. Sites like betterment, wealthfront and many others are robo advisors that do all of that. And I know wealthfront can set up an IRA for you for retirement savings. But before all of that I would speak to an accountant and tax advisor.Read More...
Last Reply By Donald max · First Unread Post

I want to invest small amount

Please suggest me to invest small amount in real estate business.Read More...
You could use small amounts through the STASH app.Read More...
The Penny Hoarder had an article on Fundraise, which allows investments starting at $500 in real estate: https://www.thepennyhoarder.co...ney/fundrise-review/Read More...
Last Reply By BJLEE · First Unread Post

Angel investors

Does anyone have any information on how you can get started to becoming an angel investor with a minimal investment? ThanksRead More...
Thanks guys for the very useful information.. I really appreciate it have a good day!Read More...
No. I never heard of the website. I will check it out. As an angel investor resources are sent out to you.Read More...
Last Reply By SC · First Unread Post

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...
Thanks for the info, I will definitely look into some of them you listed.Read More...
I have not heard of a company offering a 10% guarantee of return on investment, but it does not mean that it isn't out there. If you find it go for it, just do your research before investing. My go to investments are dividend paying stocks like Costco, Exxon, Microsoft. ETF funds are great vehicles for market gains. I think your best bet for steady income though would be in real estate. With the amount mentioned you should have enough to invest in Fundrise or purchase REIT stocks like O -...Read More...
Last Reply By [email protected] · First Unread Post

Marijuana Investing

Karen McEuen-Novak
I live in California where marijuana is legal. I’m wondering if anyone has any experience investing in this growing industry. If so, what is a good company to invest in?Read More...
It looks like marijuana is here to stay and more and more states appear to be legalizing it. I don't really see a problem investing in a company that services the cannabis industry. If you do choose to invest in these companies I would recommend diversifying, because it is a young industry with a lot of volatility, but that also means there is a lot of opportunity for profit. TRLY - Tilray CGC - Canopy Growth Corp CRON - Cronos Group These are some big players in the industry to watch out for.Read More...
I recommend using ETFDB for this type of research and then sort by AUM and avg volume. You'll want a very liquid ETF (high volume). I believe $MJ is the 'highest' in terms of AUM and avg volume. Be aware of expense ratios on sector specific ETFs. https://etfdb.com/themes/marijuana-etfs/ Once you've found a few, check out Morningstar for more research data and info. https://www.morningstar.com/Read More...
Last Reply By Dexter Money · First Unread Post

Investing in Real Estate

Clkw84
What type of return does investing in real estate trusts usually garner? Say we start out with putting $10,000 in? We are self employed and although we have a mutual fund account it gets really scary with all the fluctuations. We need a savings that will have guaranteed growth and I think real estate trusts is the way to go.?Read More...
It really depends on the Real Estate Investment Trust and their investment strategies. I personally invest with Rich Uncles REIT and they get about 6%-7% annualized returns but I know of someone else who invests in another and only sees 4%-5% returns. I still am looking at investing in Fundrise and they advertise 8.7%-12.4% returns on their website. It really just depends on the company...Read More...
Last Reply By Moore Income · First Unread Post

How do you invest?

Antonio Bonton
So I used to day trade when I was in college and while I would make a little bit of money, I quickly realized this was not the best idea for long term growth. While I do spend a ton of time researching individual stocks, I think that the best option is to invest in ETFs. These allow me to diversify my portfolio and still receive dividends. Do any of y'all invest heavily?Read More...
I personally like investing in a more hands off approach. I use a lot of apps and platforms that make it easier to do so. Most of my investments are done through robo-advisers and REIT's but I do have a few apps where I purchase stocks. When it comes to stocks, I only buy stocks that pay dividends.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

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
Share a tip / Ask a Question
Post By Email

You can also post new topics to this forum via email. Just compose your topic and send the email here: [email protected]

×
×
×
×