Investment

Featured Topics

Ready for your questions!

Dear Penny
Hey, friends! I hope you’re all staying safe and healthy during these trying times. This week, I’d like to invite you to submit your questions about what coronavirus means for your money here in The Penny Hoarder community group. It’s a scary time we’re facing right now, but we’re all in this together. Send your questions my way and I’ll do my best to answer.Read More...

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...
Thank you, Tony Bible, for your thoughts and suggestions. Much appreciated!Read More...
Emme, do a few things. 1. Contact napfa. They will give advice that CFPs cant, and are in your best interest. 2. Take an online risk tolerance test to know how much risk your willing to take with an investment; Google it or i think Janis or Vanguard has one. 3. Do Research at bankrate.com. 4. Read articles by Clark Howard, consumer analyst and self made millionaire. Whatever you do, don't jeopardize your retirement savings. Blessings. Be smart.Read More...
Last Reply By Emme · First Unread Post

Topics

How to capitalize from the stock market panic right now.

Elon Must Save
Hi Team, This post is going to be short and straight forward. Because of the panic due to Covid 19 the stock market has plummeted. It recently saw the biggest drop in a single day since 2008. So what to do. The best thing to do is open an investing account. If you have more than $10k then open a Vanguard account and buy the S&P 500 index fund. Its symbol is VOO. If you have less than 10K then sign up for the Robinhood app on iPhone and Android. This is a commission-free platform. Then do...Read More...
Yeah, I would say check out Vanguard they are known for the lowest fees out there for funds. If you are trading stocks and its less than $3000 a day Robinhood is free so I don't pay commissions either because I normally don't make major moves in a single day also you can pay $10 a month and your limit goes way up. Good luck!Read More...
Elon Must Save, 18% is great while managing your own investments, congratulations!! I'm sure I would not be able to attain that return on my own! Just as a comparison, before the market crash last week I was up 22.18% but I have been in the market since the early 1980s. That number fell to 13.32% last Friday at market close. I have always been in the market for the long term and not a day trader or one who reacts quickly to market ups or downs. I've been through a few recessions and major...Read More...
Last Reply By Elon Must Save · First Unread Post

Rental property

I am thinking it would be great to purchase a condo in Scottsdale, AZ. The market there has been going up more than 5% a year. I rent a condo there for a month in the winter. I am spending what would be about 4-5 months mortgage payments! I am wondering if I can afford to buy the condo or if it would ever be advised with this volatile time? I am retired, so limited on funds and would need to have a mortgage.Read More...
Thanks, JeremyM. Your advise sounds reasonable. Since I'm not real savvy in investments, could you elaborate a little more about the REIT? I'm not familiar with that term or type of investment.Read More...
This is certainly a possibility but you definitely need to go into it with your eyes wide open. Rental rates in the right properties in the sunbelt are going to keep going up but you can't get a year round renter if you are planning on using it yourself. You can hire a management company, but for shorter term vacation type rentals expect to pay 25% or more of the rent to them, where a regular leased rental may be managed for 10% or so. So, how are you going to rent it out? Airbnb? You would...Read More...
Last Reply By Pokey · First Unread Post

Motley Fool

Hi Everyone I'm checking in about a subject that's as foreign as it could possibly be. After a couple yrs now I've come to trust almost any source promoted by PH. I've wanted to take small steps in investing for awhile so just put $100. Into Motley Fool last week. Anyone have sustained interaction with them you want to share + tips or feedback? Lastly, why is it called, M Fool? Thanks in advance!!Read More...
Motley Fool is a great source for advice on stocks -- lots of rave reviews from our email subscribers on this one. And...they've been around forever (since the 90s). As for the name...."Our name derives from Elizabethan drama, where only the court jester (the " Fool ") could tell the King the truth without getting his head lopped off. We're dedicated to educating, amusing, and enriching individuals in search of the truth."Read More...
I've never heard of that, but now you have made me look it up!Read More...
Last Reply By Theodora · First Unread Post

Annuity

We are trying to understand how an annuity works exactly and not able to find much info. Fiance has a 25,000 annuity that he can cash out at 59 1/2, he is 58 now. Contemplating if it is a good idea to cash it out now to pay off a 15,000 (at 10% interest) child support debt. Feedback please.Read More...
Hi Daisey, I'm Director of Advanced Annuity Sales for 45+ annuity companies. I train financial professionals every day on annuity and various insurance products. What type of annuity is it? Is it a Qualified or Non-Qualified annuity contract? There might be a few options to liquidate some of the annuity without a pre-59.5 penalty. Let me know. ShawnRead More...
Last Reply By Shawn Plummer · First Unread Post

good and bad deals on Roofstock (Turnkey rental properties)

Hi, I'm new to real estate investing. I already have some money invested in Fundrise which is basically stock in real estate (paper real estate). I want to get into physical real estate. I have no real estate experience. My question is how do I know the difference between a good and a bad deal on a turnkey investment property on roofstock. I would just use a mortgage calculator online but how do I know the difference between a good and bad deal on roofstock for turnkey RE investments? Thanks.Read More...
To THEUNIX... check out https://www.biggerpockets.com/ for invaluable information on everything investment real estate (they frequently have webinars, good articles...some of the best info is in the Comments). I have one rental property I purchased 7 years ago before I retired (2015) because I was looking for another stream of income in retirement. I would love to buy another but haven't been able to because of medical debt. And then, when I'm out of debt, I'm thinking about Fundrise. I have...Read More...
That sounds like a question for a real estate investor. I am not aware of any active members on here that do RE but maybe @Maryann would know? I have had my eye on both Roofstock and Fundrise for a while now, I just haven't been in the position to be able to invest on any of those platforms. So for now, I am just sticking with investing in BRIX, REIT (Formerly Rich Uncles) and I have been getting decent returns on there. Sometime in the near future I would like to give the two platforms you...Read More...
Last Reply By sthom · First Unread Post

Stash has a promotion

Celia R dubin
I started with stash investing after reading a penny hoarder article on it and choosing between that one and other robo investing apps. I have really liked investing with Stash. They changed their fees to $1/month for the basic amount, no matter how much money you have in the account. (It was more in the past if you had more then$5000 in your account.) Stash now has a nice promotion. Sign in to their "party" every day at 4pm est to get a small fractional share of a different stock everyday.Read More...
I just found out that starting Monday, anyone can invest any dollar amount. No more $5 minimum! I'm loving this investment app more and more!Read More...
Stash lets you purchase fractional shares, minimum of $5 towards an investment. Only $1/mo just like acorn, no matter how much money is in your portfolio. They have many etfs and stocks. I personally like putting some of my money in Corporate Cannibis- an etf ticker MJ. I don't know how acorn works, I thought they weren't fractional shares but better for trading rather then investing. Stash is for the long term. I'm pretty sure pennyhoarder had an article about some of the different...Read More...
Last Reply By Celia R dubin · 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...
Save some for capital gains taxes unless you were also living in the home you flipped! Short term if you owned the home for 1 year or less, long term if you owned it longer. I'd probably keep flipping if $150K is your net profit!!!, but cautiously. One at a time. The real estate market is good for sellers right now in my area of Florida. Prices are appreciating and there is an inventory shortage.Read More...
Hi, The first thing I would do is give. When I was in debt I gave my tithe 10% and offering in my church and stayed afloat. When I stopped giving things got 10x worse in life. Next I'd invest a portion of that money in your retirement. How much is too much? Then I'd take a low cost vacation to clear my head because when u get back you have work to do. Invest in wholesaling homes. Less expensive than Buying for flipping purposes or renting. Then some should be for stock investments (ETF) like...Read More...
Last Reply By mintjulep · 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...
Yes. REIT save me time and hassle from dealing with the ins and outs of commercial properties. I done some research before I decided to invest its been nothing positive less then 6 months ago. They have a research investment team that places you in the best positions to maximize your returns. Minimum investment is $500 to start. With a single investment, your money is diversified across a portfolio of carefully selected real estate projects, which works well for me. Average annual returns...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...
Last Reply By Robert Mattress · 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...
Yes, I would talk to 1 or 2 lenders. The mortgage company considers anything in addition to your primary residence as an investment and/or vacation property, no matter who is living there. I found a sweet spot for renters when I owned a couple of rental properties many years ago. Like you have a contact, I did too in the new home construction field. I did short term rentals to people waiting for a new home to be built and completed, which was usually 6 mos to a year. Since the tenants...Read More...
Thanks, mintjulep, I didn't know that. Maybe I should talk to a mortgage lender first. Would this higher % down payment hold true for a residential property that I could say my son or daughter was going to move into? Does it hold true for commercial properties as well? Some extended family members of mine were landlords years ago and have warned us against it because of the difficulty of finding good renters, but I have an "in" with a couple of university departments and feel certain I...Read More...
Last Reply By mintjulep · 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 went looking around WiseBanyan & while it looks easy enough I am still a bit nervous . I have never done any type of investing program. My husband has a 401k that he will need to do something with when he retires next year and I was thinking this program might be the answer but very nervous nelly here. Am I even on the right track as far as my thinking?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...
Last Reply By Dee Lowe · 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

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...
Not a problem, @Lesley Michele .Read More...
Thanks Average Joe😁😁😁😁Read More...
Last Reply By AverageJoe · First Unread Post

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...
@Susan L. Miller We have used Freecycle off and on for years. We got the foot and headboards for our queen-sized bed through the program. We have seen many items we no longer use go to other homes that would use them and recommend it heartily! We have also used our "Marketplace" here in our area on Facebook to buy and sell things. There are so many ways to go and programs to use! Happy selling...and as one of our mentors says "Think..and grow RICH!"Read More...
I'm not sure how many were here when I joined the Penny Hoarder Community, but I do know that it seems as if we've grown by leaps and bounds. I've met some interesting people and like having information and ideas coming in! May we continue to grow in numbers as well as in wealth.Read More...
Last Reply By AverageJoe · First Unread Post

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
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