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Current investments
Old 11-26-2004, 07:25 AM   #1
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Current investments

Im looking at a place to put some extra cash. This is more hobby money. Where are you putting money in this environment. Im assuming weak dollar, higher interest rates, inflation.

Real estate seems high, should I be looking at hard assets. Energy stocks and comodities also seem high. Im looking for some ideas to do a little research on.

Any ideas?
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Re: Current investments
Old 11-26-2004, 07:33 AM   #2
 
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Re: Current investments

If I had extra cash to invest (which I don't) I would lock in long term bonds or buy land. What I need to keep
liquid is earning 2.09% at the bank. True "hobby" money would go into land.

John Galt
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Re: Current investments
Old 11-26-2004, 01:40 PM   #3
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Re: Current investments

I jumped into commodities recently as a diversifier. I am waiting for GIM (foreign bond closed end fund) to drop to a discount to NAV. Looks to me like MOVI is cheap, as is STON. If NLS drops back under 20, it is a no-brainer, IMO. Watch CNXS. If the patent challenge or anything else knocks it to 10 or less, it is another no-brainer.
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Re: Current investments
Old 11-26-2004, 02:14 PM   #4
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Re: Current investments

I-bonds or TIPS if you are worried about inflation.
You can't loose with I-bonds or with TIPS if you
hold to maturity.

If you want to gamble, go to Vegas and have some
fun while loosing.

Cheers,

Charlie
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Re: Current investments
Old 11-26-2004, 02:31 PM   #5
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Re: Current investments

If I were retired or had the time to do some research, I'd probably study up on some aspect of art or antiquities and try to pick up some deals. *I had a friend who bought a questionable origin impressionist era painting off eBay for about $400. *After a modest further investment in having the painting authenticated, he thinks the painting would sell for $10K to $20K. *In the mean time he has a nice painting to display.

Alternately, I think I'd research gold or precious jewels. *If you already have money in bonds, REITs, and stocks, why not branch out.
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Re: Current investments
Old 11-30-2004, 03:46 AM   #6
 
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Re: Current investments

I could get into the "art/antiques" idea if it didn't
seem like work. My wife was in the business for 10
years and we both enjoy auctions and estate sales.
With her knowledge and my negotiating skills we
could make money and have some fun. But..............
I am wary of it becoming a "job" so right now we just dink around the edges. Example. We stopped at a large auction yesterday with no particular plans other
than for cheap entertainment. We left with my 3/4
ton pick up filled to the brim with old furniture and
other stuff. A friend helped me load it and I told him I was too old to be doing this. True. Anyway, it was bought right and we will make money. Still..................

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Re: Current investments
Old 11-30-2004, 04:52 AM   #7
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Re: Current investments

Quote:
I had a friend who bought a questionable origin impressionist era painting off eBay for about $400. *After a modest further investment in having the painting authenticated, he thinks the painting would sell for $10K to $20K. *
My mother has a small antique shop, so she goes to lots of auctions and keeps up on these things...but she told me a story last year where this guy she knows personally, comes in the shop a lot, who lives just down the street, makes his money by taking a few trips back and forth from Florida every year to buy antiques from all those old people who go down there to retire/die...apparently they bring a lot of there best things with them when they first move down and eventually they come on the market.

Don't know what kind of money he usually makes but I assume its decent enough to justify.

Anyway, about last year sometime he bought a table down there and brought it back up to New England to sell....for $1.3Million!

Don't know what he paid for it, but you can bet it was probably a LOT less than $5000 and probably even under $1000.

Here is the link:

http://www.maineantiquedigest.com/articles/mill0701.htm


I find it mind blowing that some people have enough money to spend $1.3 Million on a card table...wow!



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Re: Current investments
Old 11-30-2004, 04:54 AM   #8
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Re: Current investments

OK, heres another link

http://www.otoole-ewald.com/content/...r_2002_03.html

He paid $1650 for the table...sold it for $1.32Million a few weeks later.
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Re: Current investments
Old 11-30-2004, 05:13 AM   #9
 
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Re: Current investments

Well, we don't have any stories like that, but I would not be surprised if there was a fortune in some unnoticed item in the corner of oor garage. We
ALWAYS make money on this stuff and sometimes
it's very easy. Unfortunately that "one big score"
eludes us.

John Galt
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Re: Current investments
Old 11-30-2004, 05:23 PM   #10
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Re: Current investments

I bonds - for inflation protection. After 1 year they can be redeemed with a small penalty. If inflation rises I bonds may be great to hold on to.

Pimco Foreign Bond fund (Unhedged) capitalizes on depreciation of the US dollar while invested in various bonds.

Real Estate - I agree too expensive and interest rates are rising. Maybe some areas of the US are still OK but I would be careful.
If you are daring I would buy property out of the US where many baby boomers may retire someday and prices are still low.
Central America has alot to offer.

Maybe even some international REITS.


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Re: Current investments
Old 11-30-2004, 05:42 PM   #11
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Re: Current investments

Quote:
If inflation rises I bonds may be great to hold on to.
If the government says that inflation rises you mean... they have a vested interest in being conservative in their estimates. That's a whole different discussion though.
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