invest

Bill Nye_2

The best return on your investment ? would be insulation ! The minute you install it you save on your rising heating and cooling costs and an added benifit would be a greater level of comfort.

Hedge off inflation, you know heating costs will only go up, insulation will protect you in the future. Upgrade your heating equipment now before costs go up. I'll bet if people replaced that 50 yr old clunker and tightened up the building the new equipment would have paid for itself 2X.

I just read that HOP , the number two energy guys, are just about to file for chapter belly up. Serves 'em right. They cost me the best job I ever had in 1993 when they bought out the company I worked for and kicked the union shop to the curb. I wouldn't invest in them

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Dave Palmer_3

if and when...

you guys have extra cash(LOL)what do you invest it in? Besides beer I mean,have done ira's and cd's. Didn't know about T-bills or stocks etc.. thanks Dave

Dick_3

Dave,


Checkout Robert Kiyosaki's book, Rich Dad's Guide to Investing. This book will enlighten you to where you really should put your cash.

Don't trust anybody but yourself with your investments. If you don't have time to learn about,research, and watch stocks/bonds, stay away.

Dick_3

Dave,


Checkout Robert Kiyosaki's book, Rich Dad's Guide to Investing. This book will enlighten you to where you really should put your cash.

Don't trust anybody but yourself with your investments. If you don't have time to learn about, research, and watch stocks/bonds, stay away.

Dick_3

Dave,


Checkout Robert Kiyosaki's book, Rich Dad's Guide to Investing. This book will enlighten you to where you really should put your cash. Don't worry, he is an american born in Hawaii.

Don't trust anybody but yourself with your investments. If you don't have time to learn about, manage, research, and watch stocks/bonds, stay away.

Constantin

Or...

...if you have a hankering for stock-market returns but not the time to monitor your portfolio, you can invest the money in a spider-index that indexes the S&P 500 or some similar large pool of diverse stocks. Spiders offer very low management fees and typically outperform professionals once you account for management fees, risk, etc.

Vanguard, Fidelity, and all the other big financial companies offer them, so I'd put my money in a index-fund that has the lowest management fees. Better yet, put the money into a Roth IRA or similar vehicle to minimize your tax liability later on. The only drawback on the IRA route is the reduced liquidity/penalties imposed if you withdraw the money early.

thfurnitureguy_4

I am far from a pro in the market, but we are investing in a building to house our business. Seems kinda simple but It cost about 1/2 of what rent would be and if all goes well we may be able to have a retirement income from rentals after the fixins done. At least we have some control over the management of the thing. Best of luck. T

john_27

Or...consider 2 year treasury bills....current return is 4%.....and...have six months salary in treasury bills before you buy stocks.

hr

Spend some time

with a financial planner!

There are pros in that business just like in our business. Doing your own investing is a good way to turn a large sum into a small sum I wouldn't invest based on www advise.

Not a bad idea to read the book mentioned above. We even bought his board game. We have always had good luck with real estate investments. At least you have something you can drive by and actually see and touch

hot rod

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jackchips_2

This is

from experience, Dave.

Find a Finacial advisor through references and meet with him a few times until your comfortable with him and his advice. We found a family friend who guided us for many years until he was tragically killed with his wife in a pedestrian accident.

Make your investment in yourself a monthly bill like all the others you pay, no matter how small. We started with fifteen dollars a month, then twenty five, etc. The ealier anyone starts the quicker an investment will grow.

Learn as much as possible by reading the financial pages of almost any newspaper and read books. Peter Lynch, Beating the Street, if still in print, is excellent.

Learn what dollar cost averaging is and use it to invest in two or three mutual funds such as a growth, growth and income and a foreign fund.

I personally do not care for bonds and have not invested in them but many advisors feel at least ten percent of your portfolio should be in them or a bond fund.

You should have at least six months of "cash" or liquid assets in case of an emergency.

Invest for the long haul and do not worry about the constant moving up and especially down of the stock market. Despite the overall drop in the markets since 2001 most of my investments have recouped any losses and are now ahead.

Not everyone is cut out to be a landlord, heaven knows I wasn't and even though they can be good long term investments they have their pitfalls. Invest carefully.

Last, but not least, do not look for a scape goat if something goes wrong. Be able to look in the mirror and say "I made that decision and I have to live with it". If your careful the majority of times you'll look at yourself and say "Yes".

Good luck and happy investing.

Jack

Dave Palmer_3

thanks

guys,done the roth ira's boiler and insulation,have a stock program from insurance company. I'm just trying to get a feel for other things to try. We've been trying to pay extra on mortage to knock that down. Thought I would throw it out here because you guys work for a living too. Ever wonder why finacial advisers work for a living,why haven't they invested their money? thanks Dave

jim lockard

With HR

Having something you can paint and mow thats paid off is hard to beat. Best Wishes J.Lockard

jackchips_2

Interesting comment

from someone asking for advice.

"Ever wonder why finacial advisers work for a living,why haven't they invested their money?"

Sounds like you know more than you originally let on.

I have had three advisers in forty years, one died unexpectedly, one retired after getting me 90% to retirement and one is now my son-in-law and he and I invest in the same winners and losers and I am now able to retire at 58.

Not bad for just an old P & H one man shop from years ago who is not passing on advice but rather "life" experience that will work for anyone but won't work for everyone.

joel_19

pay yourself first!!!

i'm no expert at all . i agree with the others find a good financial planner if possable one that works for a fee not on commission from a specific investment company.
Rich dad poor dad books are good . I'd also recomend " The millionair next door " "The Millionair mind" "The only investment guide you'll ever need" and "Automatic millionair" .
One thing not mentioned here so far are 401ks or Simple IRA's which is really like a 401K for small companies .
With a Simple IRA you can contribute automatically from your pay check in Pre tax dollars AND your company can then match that amount up to a certain percentage .We have it set up for all our guys and it's easy to do.

Guys , there is no reason not to have some type of plan like this all those folks we work for at those yuppie companies have one . Why shouldn't we have a secure retirement ? Why shouldn't our companies match up on funds? there is no reason not to . Just do it and raise your prices to compensate . We are not second class citizens if you believe it you can communicate it and our customers will believe it as well !!

After you do that I like realestate apartments etc . A biulding for your company is very good but remember you and your heating company do not want to own it . You should set up seperate companies then rent the biulding to your heating company for extra protection.

failure to plan = planning to fail .

and remember "This does not constitute legal or tax advice of any kind , please check with your accountant and legal staff and read the prospectus before sending any money ".

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ScottMP

Nail on the Head

You got it Joel. We have a retirement plan set up for the guys AND FOR ME. There is NO EXCUSE for not having this done for your company. Anything else I could add, has already been said by Joel. I can't agree more.

After that is set up, look to disabilty insurance, do you have it ? Who pays the bills when you fall on the job ?

A little in the stock market and other vehicles is a good way to diversify. Never put in more in the market than you can afford to loose. Your retirement should be spread out amoung different plans, not one basket.


Scott

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