Where's the smart money?

[JRSherman]

True, but they will tax it until you die, and can take it whenever they want.

I own 80 acres that gets taxed at about $45 a year. If I suck so bad at life that I can't pay that tax, I deserve to lose it.

As far as taking my land by eminent domain, it's been in my family for over 100 years, so they better be ready when they come to take it.

 

[mhphoto]

Equities? Guns? Real estate? Precious metals? Bonds? If you inherited a chunk of money today, where would you put it? Anyone else think that a massive migration of wealth could be in the future? Where are the opportunities?

And, no, I didn't inherit any money. This is a hypothetical question for purposes of discussion.

I'd stay away from gold, simply on the basis that you'd be buying high and the gold bubble won't last, which means you'd probably be selling low. One of my colleagues is convinced that silver is going to go up soon, and while his research makes sense, I still wouldn't invest in it. Precious metals are more of a hedge against downward markets than an investment.

Look into ETFs, some mutuals funds that are rated 4 or 5 stars my Morningstar. If you were worried about the tax implications of your earnings, consider a financial advisor who knows how to use variable universal life policies to get you tax-free income.

If I had the time, I'd love to invest in real estate. Great time to buy if you can do it without burying yourself in debt.

 

[LightningCrash]

one word - GOLD

three words:
executive order 6102

 

[Mos Eisley]

All you have to do is look at all the commercials that want you to invest in gold right now, to know not to do it. Gold is at an all time high, so they sure do want to sell it to you! Don't forget the old addage: Buy low, sell high. Sounds simple enough until you get caught up in a craze.

That being said...Do I know where to put it? I wish I did. I'm almost where I was last April with all my investments.
.

 

[Danny Tanner]

Education.

 

[Mos Eisley]

Education.

Thanks for reminding me Danny! That's what I'm going to check out once a few of my current ones reach a sell level.

You and I think alike. So you may want to rethink that as everything I put money in lately goes down. Yes, and that includes that Hooker from the Motel 6 on Meridian.


.

 

[Glocktogo]

three words:
executive order 6102

Technically, that's two words and one four digit number.

 

[Rajder]

Education.

This ^^^^.

If I ever won the lotery (I'd have to play it first) then I would quit my job and go back to school. I'd get my PhD and then go back to work in a highly specialized and highly paid field. Increasing your education is an investment in yourself, and what is a better investment than that?

Other than that it would probably have to be property.

 

[ewheeley]

I had an econ professor last semester that always told us to buy when the market was driven down by fear, and to sell when it was driven up by greed. I see that applying to gold and real estate.

In Northwest Arkansas, lots of developers on the Walmart-vendor side of town have declared bankruptcy. Selling $50 million developments for $3 million just to get something out of them. So you know what I'd be buying. Especially around here, the market simply has to come back, and when it does, millionaires will be made.

But my choice right now, meager sized, is foreign currency trading. There's money to be made in either direction.

 

[RidgeHunter]

I donate it to the Sitonmyassanddonothingallday Foundation. We could always use more funding.