Go Back   CDN Business Directory > Main Category > Financial Planning

 
 
Thread Tools Display Modes
  #2  
Old 01-03-2007, 10:08 PM
Don
Guest
 
Posts: n/a
Default Re: Advice on investing and tax savings

"darerolo" <realwelth[at]yahoo.com> wrote in message
news:1167829104.517553.8290[at]n51g2000cwc.googlegroups.com...

I would caution against listening to the high
- quote -

> pressure,miracle promising "GURU's",such as all the really well known
> ones.But I have seen folks become well educated in a relatively short
> time,and I think it is more interesting and fun as well as having much
> higher and safer returns than any other ventures


The expression "higher and safer returns" is an oxymoron. If you do become
"well educated in a relatively short time," one of the first things you will
learn is that the higher the return, the greater the risk. That is so
important it should be called the Fundamental Law of Investing or something
like that. And, by the way, be aware that people who caution against
listening to "well known gurus" sometimes are themselves gurus who shouldn't
be listened to.

  #1  
Old 01-03-2007, 07:28 PM
PeterL
Guest
 
Posts: n/a
Default Re: Advice on investing and tax savings


darerolo wrote:
- quote -

> I have heard of some very creative and lucrative ways of investing
> retirement savings recently.I must first say I am not an expert by any
> measure.The most interesting ideas I have seen lately involve putting
> retirement money into Self-Directed IRA's,then lending funds to a Real
> Estate investment,that is well chosen of course.The returns I have
> heard others speak of are tremendous,


The risk, of course, is also tremendous.

- quote -

> and one of the main benefits have
> to do with you having better control and judgment,over what is done
> with your money.


Better control than what? Better control than a diversified portfolio
of well chosen mutual funds?

- quote -

> You do have to educate yourself as to what is a safe
> R.E. investment,and I would caution against listening to the high
> pressure,miracle promising "GURU's",such as all the really well known
> ones.But I have seen folks become well educated in a relatively short
> time,and I think it is more interesting and fun as well as having much
> higher and safer returns than any other ventures,and R.E. has some
> great tax-saving features.dale
> ps. To find R.E. Investment clubs near you,I suggest going to
> Meetup.com,and CREonline,they are both resources that will connect
> you..Happy investing


So you are trolling.

 
Old 01-03-2007, 12:50 PM
HW \Skip\ Weldon
Guest
 
Posts: n/a
Default Re: Advice on investing and tax savings

On Wed, 3 Jan 2007 07:10:53 -0600, "darerolo" <realwelth[at]yahoo.comwrote:

- quote -

> I have heard of some very creative and lucrative ways of investing
> retirement savings recently.I must first say I am not an expert by any
> measure.The most interesting ideas I have seen lately involve putting
> retirement money into Self-Directed IRA's,then lending funds to a Real
> Estate investment,that is well chosen of course.The returns I have
> heard others speak of are tremendous,


Ok, you asked for advice.

What you describe above is called "chasing return" and refers to
investing in things - usually exotic, with tons of sales appeal - that
have outstanding recent track records. (To me, "recent" refers to
last 10-15 years or so.)

The usual result is that the investor gets to around 60ish before they
figure it out, and holding lots of different (scattered) assets with a
common characteristic - they were all bought high.

Financial security comes from how much you save, not where. So my
suggestion is to use some of your creativity to figure out how to save
more. Then invest simply, and focus more on becoming successful in
your career (which gives you more to save.)

I've never met anyone who became successful from personal investments.
They were always successful in their career first.

-HW "Skip" Weldon
Columbia, SC

  #-1  
Old 01-03-2007, 12:10 PM
darerolo
Guest
 
Posts: n/a
Default Advice on investing and tax savings

I have heard of some very creative and lucrative ways of investing
retirement savings recently.I must first say I am not an expert by any
measure.The most interesting ideas I have seen lately involve putting
retirement money into Self-Directed IRA's,then lending funds to a Real
Estate investment,that is well chosen of course.The returns I have
heard others speak of are tremendous,and one of the main benefits have
to do with you having better control and judgment,over what is done
with your money.You do have to educate yourself as to what is a safe
R.E. investment,and I would caution against listening to the high
pressure,miracle promising "GURU's",such as all the really well known
ones.But I have seen folks become well educated in a relatively short
time,and I think it is more interesting and fun as well as having much
higher and safer returns than any other ventures,and R.E. has some
great tax-saving features.dale
ps. To find R.E. Investment clubs near you,I suggest going to
Meetup.com,and CREonline,they are both resources that will connect
you..Happy investing

 

Tags
advice, investing, savings, tax
Similar Threads
Thread Forum Replies Last Post
Need review/advice for savings plan
Chris Cowles: I'm hoping to get an objective analysis of my long-term financial plan. I feel rather odd publicizing my personal finances but there's no other way...
Financial Planning 29 06-09-2006 10:09 PM
Is high yield savings account good for short term investing?
jen: i came across ingdirect.com they offer 3.30% APY. that seem to give better return than money market and short term bond funds. what are your...
Financial Planning 7 09-21-2005 12:10 PM
investing savings for home down payment
Bucky: The conventional advice for how to invest savings for a home down payment in 1-2 years is to put in the least risky investment, such as CDs....
Financial Planning 7 02-10-2005 05:16 PM
Investing Accounts Total Incorrect on the Investing home page of M05
William L. Oppenheim, M.D.: In M05 on the Investing home page are a list of accounts. The amount for each of my accounts is correct, but the total for the page is wrong. The...
Microsoft Money 2 10-12-2004 11:57 PM



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

All times are GMT. The time now is 02:50 AM.