What Should I Invest My Retirement In?

Ever since my stroke, my brain doesnt away direct mental traffic so well!

 

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Why not go rob a bank instead of preying on the poor by getting them to sell their house for below market value.

Moreover, as a someone who owns a rental condo - I can tell you that rental properties are not all they are cracked up to be and the return isn't really that great. And since housing on average is still unafforadable (historical average is 2.5-3X average income) - there is the potential for further downside - so you may end up with negative cashflow.

Given the record amount of debt at the consumer, business, and government level a strong case can be made for investing in bullion coins. The fact that people look back and talk about how great stocks or real estate has no bearing on what's best in the future.

The best course of action is to diversify and focus on preserving your wealth instead of focusing on getting a great return - so yes invest in some bullion coins...buy stocks that have a solid recession proof business model...keep some close in cds at a credit union etc....

And always invest in the lives of others. Good Luck!

 

I put my money in a R.I.F. then when i turn 60 live on the dividends anything happens to me 100% goes to my spouse. All my high grade coins and paper money are already bagged and labeled no guessing of their valves.

 

Your buying a condo to rent out, speaks volumes about your lack of investor knowledge.

 

An Unconventional alternatve

I have collected rare firearms such as Lugers. There alway seems to be not only a market but an avenue upon which to sell. Also the range in prices, Pull up 'Gunbroker' and take a look!

 

yes, send it to me, please make check to Bernard Madoff.


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Oh, ya get the picture.

 

Reeeally? So what's the U.S. government doing these days to shore up the long term health of the dollar? I'm surprised you're willing to say this. I would love to hear your reasoning behind this opinion. Because you sound like someone who doesn't have a firm grasp on what is actually transpiring.

 

"What's the best thing to invest in" has become the biggest unknown of the last couple of years. Given the situation going forward, anybody's guess is as good as anyone else's. You have to have a lot of faith and assume quite a bit to want to take part in ANYTHING that's available out there.

I don't have confidence in much of any of it anymore. The interest rates are a joke and will be for a long time. If you're only getting 1% in a bank, you may as well buy something with it. The cost of most products are going up more than 1% a year.

I've heard reports that this whole next decade will be rough for the job market and that jobs may not catch up to get unemployment back down to normal 5% levels until 2020. A large segment of the baby boomers will need to retire this decade and they will be looking to sell off their stock to live on. They can only hope that there will be enough people employed at that time, *who can also afford to invest in the scheme* and buy all those shares they're looking to dump. How many buyers can they expect? I guess we will see. And before anybody thinks they've got the solution in that people will just take over for the retirees.... what percentage of them can we expect will be replaced? You can guarantee it won't be 100%! And what will they be paid?

It's still a false economy in which the numbers are fluffed and sugar coated to get people to have confidence in anything. There's a lot of new vacant parking lots and factories in this country since 5 years ago. It's very likely nothing is going to replace the majority of it. We simply can't compete with foreign competitors who have no OSHA laws, no labor laws, no EPA, no minimum wage, no unions, no insurance to worry about, etc....

As listed in the WSJ, 165 banks have failed in the past 2 years at a cost to the FDIC of over 50 billion dollars. In 2007, they said they had a reserve on hand of 53 billion dollars to handle bank failures. Are they set up to handle another 2 years of this? Who knows. Many of these banks have been around since the 1800s.

Real estate might not be anywhere near bottomed out yet. If we get to a point where nobody can get loans, you will be forced to sell for whatever people can come up with. And that won't be $10k an acre or $500k for a house!

Our whole system works on a bubble of perpetual debt. As long as the bubble can keep growing larger, we're fine. If it simply can't grow anymore or it pops.....well, get ready for a whole new reality. It will happen at some point.
We're at a point now where the national debt doubles under each new administration. I know a lot of people think that doesn't matter in the least!! But to the others, what do you expect that will eventually do for the buying power of the US dollar? Seriously.

People can be realistic about things or they can stick their head in the sand.

 

Pay-off your credit cards loans have a newer vechicle paid for this will take a few years for many then pay off your mortgage then you can invest interst rates will go up in the near future good bad and the ugly its your call

 

That's actually great advice. In a time when you can't get much of an interest rate on any type of savings, it may be worth taking a look at the interest you're paying on loans. The money saved by paying those loans off and beating the interest they're charging you will be much more of a financial gain than what you can get doing anything else with the money. If you have any loans out.

 

Find a crdit repair service or better yet a Lawfirm that represents you at no cost to you and their fee is worked out between them and your creditor.. We went with After 3 years they managed to pay off 8 of our creditors and will wipe of the largest 3 this year. Whats way cool is you don't fear those annoying phone calls that come either during dinner or tv time. All you do is give them the name and number of your service and you never hear from them again.You can contact them, 'The Seideman Law Firm' PO Box 130299 Dallas Tx 76312, tel 1-800-914-4832. As a prior disabled trial Lawyer who had close to $50k in outstanding med following my stroke, coma and auto accident, almost all those billls have been dealt with. Give them a call! Best of 2010!! Eric, Esq.

 

I bought 3 ultra beleive them to be a good investment. Now it appears that only a few 70s are ones selling for $1800 or more and once submitted you may have a beautiful coins label as a one of lesser quality than 70. My second one I had to return and ultimately replaced as it had a really dull finish. Now for those who appear perfect, is there any way to prescreen before submitting, getting locked in. What specifically differs a 69 rating from a 70. Ps Thanks for your continued niceness and respect! And I thought Law was confusing!!

 

If thats all you're bringing in a month with retirement, I'd forgo investing. What are you going to use for food and other expenses if all your income is tied up in a gamble? Hire a money manager and roll some into an IRA if you want to stash some of it somewhere.
Guy~

 

No. I thank God that was a seperate annuity. I have a long term disability from the bar to live on. My problem lies in that I only get my larger piece till im 65, 12 more years. It seem I should remail flexable. I thought Law was confusing! Many Thanks

 

I want to thank you all. I'm going to put at the very least $1000 for the following ten year at which time I'll havea little more than $120,000 which put myself in a better possition to purchase my most beatiful house I'm living. Ill approach the owner with an option to buy. One other question?? Does anyone believe gold to drop below $1000 again?? Whats going on with gold futures if there is such a thing?

 

If you were going to invest in precious metal. ie gold, silver or platinum is Monex a safe bet!! They do have a hard sell!

 

I have taken my best low mintage coins 185 peices graded and bagged then wait for silver to go over $20.00 an ounce. They will go up same as gold will maybe go up to almost $2000.00 an ounce.

 

If you're within a decade of retirement...

then the number one rule is: protect what you already have. The rule is that as you get closer to retirement, get more and more conservative with your investments. Any money manager will tell you that.

 

I agree, this is number one, protect your principal. Not the time to try for any investing "home runs".

 

Exactly. The reason, of course, is that the 20- or 30-something still has a few decades to recover from a disaster, but someone in his 50's or 60's does not.

Consider: if someone was attempting to retire this year, and had all their stuff in the stock market, they'd have to be planning an alternative. That's why, they say, about 10 years out, start moving stuff to conservative stuff, and as you get closer, you have a higher and higher percentage of it in super-safe stuff like CD's.