Good investments

[RonaldLarson]

Thought I'd share this with everyone. Good investments are out there, you gotta look hard. We recently put some underperformers into annuities. We chose two outstanding return rate companies, Transamerica and the National Rifle Association. TA pays 6. 0% and NRA pays 6. 3%. The NRA annual dividend is 50% tax free.

Hope this will be of some assistance. Vigilance is the precursor to success!

Ron

 

[Sky]

If your mortgage rate is 6% or higher I think its a good investment to just put your money there instead. IMO





Ol Ron, do you know a Barry Damschen there in Helena?

 

[RonaldLarson]

Sky

Nope, don't know the man. Where does he work? Small town, and would like to find him for you. Got any more info? I work for Valley Dodge here driving the courtesy van. I retired nine years ago.

Ron

 

[klenger]

Keep in mind that your 6% mortage only cost you 4% after the tax breaks. Some smart people with some money to put into the market stand to make a lot of money in the next few years. Of course, I don't have any money to play with, and I'm certainly not all that smart.

 

[Sky]

Originally posted by klenger

Keep in mind that your 6% mortage only cost you 4% after the tax breaks. Some smart people with some money to put into the market stand to make a lot of money in the next few years. Of course, I don't have any money to play with, and I'm certainly not all that smart.

Exactly tax breaks. What about credit card debt or car payments? Your not going to get rich that way no, but its the safe investment for sure its something to think about. Owning everything early and living debt free isnt so bad. After that you can dump a bunch of cash in the market.

 

[Sky]

Ol Ron, He is my uncle he use to own his own Architect business called Damschen & Associates. He has lived there his whole life and I knew it wasn't that big of a town. Just wondering if you knew of him.

 

[klenger]

Sky: I agree, pay off any high interest debts, especially if there isn't a tax break for the interest. I receintly refinanced my 5er from a 15 year 8. 75% loan to a 6 year 4% loan. I had to put several $1000 in cash to bring the balance down, but it will save me thousands over the price of the loan.



The problem with waiting till you are debt free to invest, is that by the time you get to that point, you don't have much time for the money to grow. Most of a good retirement fund doesn't come from direct investment, but from equity growth over time. Right now, there is a big sale on good stocks and funds because of the economy. Like I said before, smart people with some money to invest will make a bunch of money.



Your opnion will vary.

 

[Sky]

True, I forget there are others older than me . I have 30 years until I retire and plan to pay off my 300k mortgage in 10 years and live debt free in 10 years, and hopefully in 30 years when I retire my house/property will be worth at least double making it one of my "nest eggs". So I guess for my situation time is on my side. All I have to do is not by a new cummins every year. Of course things are changing all the time and when the market gets hot that may be the better route to go in future. But for now thats my plan of attack until I think something better comes along.