If You Had $200k In An IRA Right Now.....

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ABM

ABM

Happily Married In Music City, USA!
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....how would you be investing it?

Just curious.

I was talking to my uber-rich (10's and 10's of $millions) nephew this evening and he flat-out suggested converting it to all cash. He has no faith in the stock market whatsoever.

This, from a dude who graduated from Harvard Business School, has personally managed a large investment fund, and has been part of Wall Street (in one form or another) his entire career.
 
ABM said:
....how would you be investing it?

Just curious.

I was talking to my uber-rich (10's and 10's of $millions) nephew this evening and he flat-out suggested converting it to all cash. He has no faith in the stock market whatsoever.

This, from a dude who graduated from Harvard Business School, has personally managed a large investment fund, and has been part of Wall Street (in one form or another) his entire career.
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Maybe that's why he doesn't trust it? Hehe
 
ABM said:
....how would you be investing it?

Just curious.

I was talking to my uber-rich (10's and 10's of $millions) nephew this evening and he flat-out suggested converting it to all cash. He has no faith in the stock market whatsoever.

This, from a dude who graduated from Harvard Business School, has personally managed a large investment fund, and has been part of Wall Street (in one form or another) his entire career.
Click to expand...

I think cash is the place to be, too.

If you're constantly buying into your 401K each paycheck, then keep doing that. You should win over the long haul. If you're close to retiring and the account is enough, then cash out.

My $.02 and worth exactly that much.
 
The stock market will hover between 15,000 and 16,000 for the next year or so from what I read. The only thing to upset the apple cart is a sharp rise in oil crude. So if your money is in mutuals or stocks that get 2-3% dividends, I'd be inclined to keep it there. otherwise, I'd move it out to a money market.
 
magnifier661 said:
Maybe that's why he doesn't trust it? Hehe
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Trust me, I've thought that very same thing. Nonetheless, he's been out of Wall Street (actually, he was part of the San Fran exchange) for the last 7 or 8 years, but "had" been investing heavily in the stock market until the last year or so.
 
ABM said:
....how would you be investing it?

Just curious.

I was talking to my uber-rich (10's and 10's of $millions) nephew this evening and he flat-out suggested converting it to all cash. He has no faith in the stock market whatsoever.

This, from a dude who graduated from Harvard Business School, has personally managed a large investment fund, and has been part of Wall Street (in one form or another) his entire career.
Click to expand...

yep

The market is fake right there is an attempt to suck people in based upon the "strong" recovery..when the fed stops buying Tbills..the market will dump like never before
 
ABM said:
Trust me, I've thought that very same thing. Nonetheless, he's been out of Wall Street (actually, he was part of the San Fran exchange) for the last 7 or 8 years, but "had" been investing heavily in the stock market until the last year or so.
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There is money to be made, but trusting a good investor is another. I've had some very shady investors that really screwed my capital. I have a good one now that has been pretty on top of things.

If you are interested in him; I can give you his number. I suggest you really research all channels though.

Another possibility is investing in metals; but that could be a little stressful too.
 
Gold and silver. It's getting hammered right now. Once easing ends....cha ching.

Cash will be worthless when hyperinflation comes.
 
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But you should be flipping houses. 18 month window until the market crashes
 
EL PRESIDENTE said:
Gold and silver. It's getting hammered right now. Once easing ends....cha ching.

Cash will be worthless when hyperinflation comes.
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I'm pretty sure gold is down for at least the next twenty or thirty year cycle. You had a weird confluence of events that drove it so high. The major change was India, which was responsible for a sizable percentage of gold purchases, outlawed new importation. The government enacted a series of market reforms to encourage domestic investment of which the change in the treatment of gold was part. You combine that with the fact that the old white people in America just aren't as panicked by BLACK-MUSLIN-PRESIDENT-FROM-KENYA-NO-REALLY-FOX-NEWS-FOX-NEWS-FOX-NEWS and gold was destined to free fall. (They're still panicked, mind you, just not quite as much.)

As to the broader question raised by the post, investing in the market is the easiest thing to conceptualize. All you have to understand is that you absolutely cannot in any way begin to predict anything about what is going to happen. Find an index fund with low expenses, something like the Vanguard Total Stock Market or S&P 500 ETFs. Put the same amount of money in month after month, through good times and bad. When you're closing in on retirement begin to shift it to bonds and then finally to cash and you're there. Easy, easy, easy to conceptualize. Of course implementation is another story. Having the balls to execute that plan is beyond my abilities.
 
such sweet thunder said:
Find an index fund with low expenses, something like the Vanguard Total Stock Market or S&P 500 ETFs. Put the same amount of money in month after month, through good times and bad.
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Thanks for your feedback. This seems fine for future investing. That said, I'm talking about the $36.29 (I keed) I already have in my IRA. How might I re-allocate that?

Thanks again....
 
My wife and I opened a Roth IRA about six years ago and have made literally less than $5 in that time. I don't think we have been investing aggressively enough. It's basically been a savings account.
 
" If You Had $200k In An IRA Right Now....."

... it means I started with $1 million in my IRA.
 
Personally I think real estate is the way to go.
 
Secure a warehouse south of the border...hire only the best meth cooks...ask for 9.9% of their profits in exchange for using your facility. As long as it's less than 10% you don't have to pay taxes
 
My best friend, I would trust my life to him, is a broker with Morgan Stanley in lake oswego. My whole family use him and we are thrilled. If anyone wants the name of a trustworthy broker, PM me and I'll send you his info.
 
GOD said:
My best friend, I would trust my life to him, is a broker with Morgan Stanley in lake oswego. My whole family use him and we are thrilled. If anyone wants the name of a trustworthy broker, PM me and I'll send you his info.
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Honestly, this is the best way to go. Brokers are bound by certain laws, but many have found ways to earn more commissions and stay within the confines of the law.

If GOD has a good connect that he trusts; then I would suggest using that broker. You can really get fucked if you aren't careful in many ways.

1.) that they just suck and put your money in terrible sectors

2.) persuading you to invest in sectors that pay out the highest commissions.

3.) not understanding what type of position you want to be in. Example: maybe you want aggressive investing, but your broker puts you in very conservative accounts.

You must find a broker you trust. It's a lot of money
 
GOD said:
My best friend, I would trust my life to him, is a broker with Morgan Stanley in lake oswego. My whole family use him and we are thrilled. If anyone wants the name of a trustworthy broker, PM me and I'll send you his info.
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I'd love to talk with him.

email address removed by Denny Crane - please us PM.
 
BLAZER PROPHET said:
Buying rentals seems good to me. Here in the 'Couve 2 BR houses are still under $100K. And taxes are about 40-50% less than Portland area.
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The same Nephew-in-law was talking about and investment venture in Detroit whereas, he an his partners were looking at a commercial plaza. He quipped, "They're offering a property "worth" $3mil for $1.5mil. The problem, though, is.....in 3-5 years, that same $3mil piece will be worth......well.....$1.5 mil."...and he laughed.

That's Detroit, though. ;)
 
ABM said:
The same Nephew-in-law was talking about and investment venture in Detroit whereas, he an his partners were looking at a commercial plaza. He quipped, "They're offering a property "worth" $3mil for $1.5mil. The problem, though, is.....in 3-5 years, that same $3mil piece will be worth......well.....$1.5 mil."...and he laughed.

That's Detroit, though. ;)
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If even that. Chris went back to visit family in Detroit a couple of weeks ago and he said it's like a sci-fi movie. Miles of burned out areas with only a few gang bangers and empty shopping centers.... The epitome of political graft and union corruption.
 
Tim,

It depends on what you want. Do you want to be rich, comfortable, etc.

I'd probably buy some property or houses or cash it out
 
Mediocre Man said:
Tim,

It depends on what you want. Do you want to be rich, comfortable, etc.

I'd probably buy some property or houses or cash it out
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Comfortable, yes. I'm very practical now. I don't see that changing in my retirement. :)

Man, I would love to do what these guys (good friends of my Niece) have been doing the last 5 years or so!

http://sprinterlife.com/our-home
 
Real estate. Specifically, your retirement estate in Beautiful Central Oregon.
 
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