Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Investment Recommendation
Old 04-08-2004, 06:02 AM   #1
Recycles dryer sheets
 
Join Date: Oct 2003
Posts: 452
Investment Recommendation

Some of my preferred stock is being called + will receive a few other thousand from a bonus.
Probably adding up to about 12,000 dollars. Would like to receive about $50/month income from it.... does anyone have any ideas where I should invest it ? ?

Best 5 year cd rate seems to be 4.88% from PenFed. Not as appealing since they lowered their rates this month.
And with the Fed. rumored to be raising rates perhaps this summer, bonds don't seem to be attractive either.
Individual stocks could be a choice although dividend rates are not very good. I think I have enough REIT exposure right now. HELP !
renferme is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Investment Recommendation
Old 04-08-2004, 06:32 AM   #2
 
Posts: n/a
Re: Investment Recommendation

To get a 5% return today is not easy. You have to take some risk.

I'm not sure how secure you need this money to be. But one idea is to buy Altria ( Phillip Morris Stock (ticker MO)). It curently is paying about 4.93% dividend and may offer some capital gains. I currently still hold some - The one Individual Stock I still own. I could not bear to part with the dividend.

This is of course if you don't need the money for 10 years.
  Reply With Quote
Re: Investment Recommendation
Old 04-08-2004, 07:13 AM   #3
Recycles dryer sheets
 
Join Date: Oct 2003
Posts: 452
Re: Investment Recommendation

cut-throat,
already own some Altria and love the dividend, but don't think I want to get any more.
BTW, will need the income beginning in June 04, as I'm ERing, officially end of May 04.
thanks,
Ray
ps. you're right, of course, I will have to take some risk.
Perhaps, Vanguard Wellington or Wellesley or Dodge and Cox Balance Fund. I like D&C, their expenses are low and their performances are excellent over the years.
But, still investigating stuff.
renferme is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
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


Similar Threads
Thread Thread Starter Forum Replies Last Post
Tropical Tree farms as an investment dougdo FIRE and Money 53 05-17-2008 05:31 PM
Who uses an investment advisor to help? mickeyd FIRE and Money 8 02-25-2007 06:28 PM
Investment cost basis justification for taxes Delawaredave FIRE and Money 8 01-07-2007 08:21 PM
Advice on a Re-Mortgage & Investment Plan SDY888 FIRE and Money 12 08-04-2004 10:33 PM

» Quick Links

 
All times are GMT -6. The time now is 01:25 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.