Quote:
Originally Posted by Groves
On shark tank last night Kevin was lamenting the low return on a potential investment and said that instead of investing the 250k in that company that he’d be better off putting it “in a reap and get 9%”.
Maybe it wasn’t “reap”, but it sounded similar.
Is there such a thing as a guaranteed 9% these days? Or was it some stock thing?
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He might have been saying "REIT" - Real Estate Investment Trust. I've heard it pronounced at "reet".
They tend to pay good dividends that can sometimes approach 9 percent, but they're a stock so the actual stock price can fluctuate. The return isn't guaranteed.
I kind of like REITs as a relatively stable return with a high floor and low ceiling. When I'm retired, I'll probably put more of my money into them.
If there's something with a guaranteed 9 percent return out there, I'd put 100 percent of my money into it. Such a thing doesn't exist, at least not in theory.