tightasadrum
Full time employment: Posting here.
I've been away from this group for quite a while. DW had serious health issues, now better, and then she had a car accident taking surgery, now getting better. I also had to do cpr on a rental house after long-term tenant moved out. Retirement for me has been anything but relaxing.
Anyway, here's my question: where are you guys putting cash these days? I'm sitting on what is for me a lot of cash after two CD's expired. With bond returns so low, CD interest almost nothing and MM returns less than nothing I am at a loss of what to do next. A few years back I took some cash and bought another rental house and renovated it. My thinking at the time was that I would hold it a couple of years, get a 9% return from leasing it, and then sell it for a nice return. The last step in that plan was hijacked by the housing mess, so I'm sitting tight until...
I could buy another rental house, cheap, but that's a hole I'm already pouring too much time into. Any ideas for cash investment for income? Or should I just forget it and look for more bargains in equity investments? Any thoughts?
Anyway, here's my question: where are you guys putting cash these days? I'm sitting on what is for me a lot of cash after two CD's expired. With bond returns so low, CD interest almost nothing and MM returns less than nothing I am at a loss of what to do next. A few years back I took some cash and bought another rental house and renovated it. My thinking at the time was that I would hold it a couple of years, get a 9% return from leasing it, and then sell it for a nice return. The last step in that plan was hijacked by the housing mess, so I'm sitting tight until...
I could buy another rental house, cheap, but that's a hole I'm already pouring too much time into. Any ideas for cash investment for income? Or should I just forget it and look for more bargains in equity investments? Any thoughts?