Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[MahiMike]

Originally Posted by BigRichard

Once we have sold our house we will be sitting on a very large sum of money we plan on using for a down payment on our next house. This might happen in a month after we sell it or it could be six months after we sell it. Would you risk investing that for a short time? I hate having that much money just sitting there doing nothing but I also don't want to take the chance of a sudden collapse in the market either and lose a gigantic chunk. I know at one point I had found some index fund or stock or something that had a very small rate of return... like <3% or something like that but only lost like 2% in 2008. It was always going up basically just at a very low rate. I was thinking maybe something like that possibly but still on the fence.

What would you do if you had a huge chunk of change sitting around like that and knew you could need it sometime in the next six months?

I was in the same boat and picked these 3 options:

1 - CD
2- https://fundrise.com/
3 - Gold

The fundrise REIT I'd highly recommend. I'm averaging 7.5% on it so far. I'm a landlord and this is the easiest way to make money in real estate I can think of.

[Buehler445]

Originally Posted by Great Expectations

$250k per social security numbers on the account, POD’s count.

Right on. I stand corrected.

[eDave]

Bitcoin will drop to $8Kish. Then you buy.

[BigRichard]

I found a money market account with 2.50% interest. I will look into those.

[lewdog]

Originally Posted by BigRichard

I found a money market account with 2.50% interest. I will look into those.

That right there is perfect. Decent rate too.

[Groves]

Originally Posted by BigRichard

I found a money market account with 2.50% interest.

Care to share where? Any restrictions?

[ChiTown]

Originally Posted by Groves

Care to share where? Any restrictions?

Yes, this. That would be the highest rate I’ve seen in a while. The best ones I’ve seen are in the 2.15-2.3 range

[eDave]

Northpointe Bank will give you 2.55.

[BigRichard]

https://www.bbvausa.com/go/clearchoi...9302290a24060e

If you do $10,000 in it for a few months it will also give you a $100 into the account.

[lewdog]

Originally Posted by BigRichard

https://www.bbvausa.com/go/clearchoi...9302290a24060e

If you do $10,000 in it for a few months it will also give you a $100 into the account.

That's a really good find.

Not available in Arizona!

[Groves]

Originally Posted by MahiMike

The fundrise REIT I'd highly recommend.

Are the downsides of a REIT the same downsides as any index fund? Not guaranteed, etc?


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[Rain Man]

Originally Posted by Groves

Are the downsides of a REIT the same downsides as any index fund? Not guaranteed, etc?


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Yeah, they're basically a stock as far as I can tell. I think they just have specific dividend rules.

[scho63]

You could always shylock the money at 3% a week.....

[ChiliConCarnage]

So Citi kicked off earnings season this morning

Citigroup beats analysts’ expectations for profit and revenue on gains from the initial public offering of electronic bond trading platform Tradeweb.

That Tradeweb is up 75% since IPO. I wanted to buy some but got a small position thinking it listed fairly expensive. It's just kept going up tho like a lot of this year's IPOs. I think it's getting compared to MarketAxess which is a similar business and is up 600% the last 5 years. Tradeweb doesn't have as good of margins tho.. think it's too run up. There are a ton of new IPOs up 100% YTD now. Anything in payments or fin techy seems to be doing really well ytd. FDC, GPN, mktx. even just Mastercard is up 50% already this year. I sold some of my holdings in this area.

[Rawlsian]

Should have bought Tesla at $185