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Posted: 1/17/2021 12:40:34 PM EDT
Arfcom millionaires, what are the best investments that provide monthly income?
what are your personal experiences preferrably. I know, hookers and blow...... thnks |
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[#2]
Quoted: Arfcom millionaires, what are the best investments that provide monthly income? what are your personal experiences preferrably. I know, hookers and blow...... thnks View Quote You don't have enough money to make this work. |
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[#3]
A 60/40 ratio biased towards blow over hookers is the ideal setup for most folks.
Depending on your income to asset ratio you may want to adjust the balance towards blow if your income needs are a smaller percentage of your assets and vice versa. Blow provides the greatest return potential but is also very heavily affected by economic downturn. Being high priced a lack of partying and cash flow can greatly decrease the demand and thus your equity. However this can be offset with hookers who provide very consistent if not impressive dividends, you just have to be cautious of the demand going up during downturns, and coming back down during times of economic recovery. Your hookers won't ever excite you, but they can pay today's bills when times are tough. Your blow will pay tommorows bills. This isn't even going into the different asset classes such as fat hookers and not fat hookers, but is enough to take care of most people's needs. |
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[#8]
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[#9]
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[#10]
I’m looking into getting a property for Air BnB/VRBO. I have friends who have stopped renting because people trash their property and they’re making a killing, especially with people being hesitant of hotels during Covid. People are only there for a night or two and typically people using VRBO aren’t trash to begin with.
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[#11]
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[#14]
Quoted: I’m looking into getting a property for Air BnB/VRBO. I have friends who have stopped renting because people trash their property and they’re making a killing, especially with people being hesitant of hotels during Covid. People are only there for a night or two and typically people using VRBO aren’t trash to begin with. View Quote A lot of people doing that took a bath when COVID hit and people couldn't travel; the short-term rental market went into the crapper. Also watch local zoning & city ordinances as many prohibit STR's in residential areas. Don't know about VRBO but AirBNB cancelled all reservations with no recourse to the landlord for rentals in the DC Metro area for the inauguration. |
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[#15]
There are a few index funds out there that pay yield on a monthly basis. There's no particular advantage to this for long term investing but if you want low effort monthly income, this is one way.
Won't get rich though, that's for sure. |
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[#16]
Quoted: You don't have enough money to make this work. View Quote View All Quotes View All Quotes Quoted: Quoted: Arfcom millionaires, what are the best investments that provide monthly income? what are your personal experiences preferrably. I know, hookers and blow...... thnks You don't have enough money to make this work. This. My company pays out 99% of our profit in dividends, that was $1.75 p/sh last FY. I am a big DRIP guy and thus i just let it keep reinvesting..i buy our stock at a 10% discount which is a nice perk, wkth a ceiling of $25k max per FY that i can buy. I have about 900 shares so i could get a nice monthly pay out with this. I plan on getting to 1k and transferring it to my kids. |
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[#17]
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[#18]
Rental property seems like a suicide mission right now.
Residentially we're 8 months in to eviction moratoriums. Commercially we're 8 months in to restaurants and retail stores being capacity limited. I don't think we've seen all the collateral damage from the above yet, but it's coming. |
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[#19]
Tons of income products out there. Just depends on what you want and taxes.
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[#20]
Become a politician and sell out your country?
Seems to have made a lot of people a whole lot of money. |
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[#21]
I can’t imagine aspiring to own rentals in a time where owners have decreasing ability to control rate or even evict nonpayers.
Total stock market funds, sell what you need when you need income. |
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[#22]
Quoted: Rental property seems like a suicide mission right now. Residentially we're 8 months in to eviction moratoriums. Commercially we're 8 months in to restaurants and retail stores being capacity limited. I don't think we've seen all the collateral damage from the above yet, but it's coming. View Quote I agree, Biden is going to destroy you because no one is going to have to pay their rent and you can't kick them out. |
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[#23]
Quoted: I can’t imagine aspiring to own rentals in a time where owners have decreasing ability to control rate or even evict nonpayers. Total stock market funds, sell what you need when you need income. View Quote View All Quotes View All Quotes Quoted: I can’t imagine aspiring to own rentals in a time where owners have decreasing ability to control rate or even evict nonpayers. Total stock market funds, sell what you need when you need income. Quoted: I agree, Biden is going to destroy you because no one is going to have to pay their rent and you can't kick them out. Why not do both? I don’t just stuff my rental property income into a mattress. |
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[#24]
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[#25]
Quoted: Arfcom millionaires, what are the best investments that provide monthly income? what are your personal experiences preferrably. I know, hookers and blow...... thnks View Quote The correct term for the income you are referring to is: "passive income". A better way to ask this would be to ask: "What are good sources of passive income?". https://en.wikipedia.org/wiki/Passive_income |
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[#28]
Closed end funds (CEF's) are great dividend payers. They use leverage (borrowed money) to juice returns. Many pay 5-8% per year.
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[#29]
Quoted: A lot of people doing that took a bath when COVID hit and people couldn't travel; the short-term rental market went into the crapper. Also watch local zoning & city ordinances as many prohibit STR's in residential areas. Don't know about VRBO but AirBNB cancelled all reservations with no recourse to the landlord for rentals in the DC Metro area for the inauguration. View Quote Minnesota couldn’t let a good thing be. https://minnesota.cbslocal.com/2020/03/02/new-property-tax-classification-has-some-minnesota-cabin-owners-scrambling/ New Property Tax Classification Has Some Minnesota Cabin Owners Scrambling MINNEAPOLIS (WCCO) — There could be fewer rental options up north this summer as cabin owners await action at the State Capitol. A change in property taxes has left some owners no choice but to pull their listings to avoid a much bigger tax bill. But, a proposal in St. Paul could clear up an uncertain future. Nancy Voth made the move from Minnesota to Seattle a few years ago, so her summers on scenic Lake Vermillion have been shorter. “We grew up going to Northern Minnesota on family vacations,” Voth said. As property taxes on their three-bedroom cabin continued to climb to $12,500 a year. |
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[#30]
Several years ago I bought some debt at a nice discount, it provided my monthly fun money for a few years. My return was fucking awesome too.
Obviously risky if you don’t know the playing field. |
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[#31]
If you aren't into trading options or futures, there is always the Dogs of the Dow. Buy the ten highest yielding dividend stocks on the Dow for current income. But you may get screwed on capital appreciation.
You can also look into MLPs but I don't mess with those |
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[#32]
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[#33]
Quoted: If you aren't into trading options or futures, there is always the Dogs of the Dow. Buy the ten highest yielding dividend stocks on the Dow for current income. But you may get screwed on capital appreciation. You can also look into MLPs but I don't mess with those View Quote My Little Ponies? Isn't that like investing in Beanie Babies? |
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[#34]
Quoted: commercial or residential? View Quote Both are being totally devastated right now. I'd hold off for 6-8 months to see what happens with residential - if the mass of foreclosures happens (assuming biden doesn't implement full-on communism) then there will be a lot of houses on the market. Perfect time to buy. Commercial will likely take longer to bounce back. You really need multiple streams of income to be guaranteed stability. The faux-pandemic has proven this out. I have stocks that consistently give out dividends, a stable job, and plan to get into some rentals if prices ever return to normal - most likely self-storage units. My dividends are rather paltry right now, but I have them reinvesting automatically. Eventually, they'll produce some notable income. |
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[#35]
Quoted: Arfcom millionaires, what are the best investments that provide monthly income? what are your personal experiences preferrably. I know, hookers and blow...... thnks View Quote I bought $80,000 worth of DHY and MO in March - April 2020. Yielding an average of 8.23%. |
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[#38]
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[#39]
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[#40]
Quoted: My Little Ponies? Isn't that like investing in Beanie Babies? View Quote These all yield over 10%, at least at time of writing in June https://money.usnews.com/investing/stock-market-news/slideshows/high-yield-mlps-to-buy-now |
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[#41]
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[#42]
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[#43]
I have about 130,000 in FAGIX in an IRA and it kicked off about $350 last month which bought another 33 shares which will increase next months haul by another dollar. Not sexy but it works for me as part of an overall system.
FAGIX FIDELITY CAPITAL & INCOME FUND High Yield Bond +1.25% YTD +10.24% Last year +7.30% 3year +8.84% 5 year +7.24% 10 year 0.67% expense ratio 5 star rating |
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[#44]
Whores, pimping is a hard life sometimes.
Sexual based webcams. |
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[#45]
Residential is great, but it is not entirely passive and a person damned well better know what they are doing. I know plenty of people who would never do it again, because they didn't understand what they were getting into.
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[#46]
Master Limited Partnerships (MLP) can be an excellent source of income, particularly if you die before your cost basis reaches zero.
Until then, distributions (which are defined as a return of capital, not dividends), are tax free until your cost basis reaches zero. The cost basis resets for your heir, and the cycle starts again. EPD is a very solid oil and gas pipeline company that would be a good choice. Con wrt MLPs: Yearly tax filing becomes a bit more complicated. |
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[#47]
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[#48]
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[#50]
Quoted: Ive been buying some EFC lately. Pays a dividend monthly and is currently at about 8% yield. EFC View Quote Looking into this. |
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