Yeah my cash is in a high yield savings account that pays 0.14% interest every month, so i have a decent amount coming in from that.
If i had the connections and knowledgeon how to structure things now seems like a great time to give some local restaurants/bars/shops short term cash loans with equity shares as interest.
A very shrewd friend of mine lost £6m cash in that game. The returns per annum were stellar, 20%-22%. It’s going through court later this year. Basically do not trust your solicitors, ensure the charges on property are real and exist after you leave the solicitors office. Don’t get greedy and compound your investment. Take your money out after each three month period (if it is three months) and treat each investment individually, get your cash out each time. I can’t stress that enough. Good luck.
One off loans only, tied to real estate. Most involve house flipping it looks like, and include title search stuff. Worst case scenario, I own another house, which doesn’t hurt my feelings. I have flipped enough houses to be comfortable with it. And I’m not doing any loans in the 6 million Pound range. Smaller loans are less risky in the overall to me.
Yep, same model. Bridging loans to small builders the banks wouldn’t loan to. 1.5% set up and exit fees, 2.5% a month. Typical values ranged up to £250k. The property used as collateral have a legal charge placed upon them. Unbeknownst to my friend was as soon as he witnessed the legal charge on the property the sols were lifting them and selling the properties on, taking further loans on etc. He had a lot of money out there, the £6m was just his stake, including margin it was near £10m.
All my unsolicited advice is about is making sure, double check and get your money out each time. Then withdraw your stake and play with your profit. I don’t mind passing on the mistakes of others.
These aren’t loans to people that the bank won’t loan to, it just takes too long atm. The system works a little different in the US (Where I’ll be doing it). A lien is placed on the title, and I would be first recorded lienholder, which means I get my money first if something happens, and the title cannot transfer without satisfying my lien. Straight interest, no compound, nothing fancy.
Ok man, good luck with it.
Thanks. I like it, I’m more comfortable with real estate than stocks, but you can’t be too careful.
Couldn’t agree more, invest in what you know.
How the hell is the market still going up? this is insane!
I keep opening my account each morning at the start of trading and i keep being up for the day. Its like the market is seeing ANY news as good news. Everything i have right now is long term and i bought at a pretty good price (except for GILD), but holy shit im thinking about taking a screenshot, cashing out, waiting a month for the market to catch up to the economy, THEN put money back in.
It’s something I’ve never seen in my life. Bad news all around us. 1 in 5 on unemployment in US. Food pantries can’t keep stocked. My main holding HACAX, is performing unbelievably well like most.
I seriously have been thinking about flipping to all cash as well.
They say don’t fight the fed. Well, if you’re invested, the Fed is literally pumping cash into your accounts.
I think at this point you have to ride this out. Playing with house money. If we can take this to actual recovery, this may be more lucrative than our recent expansion period.
My uncle’s friend just bought a 1000shares of Starbucks yesterday driving in his car! 
I’m sure you’re a careful guy.
I sold almost all my stocks. Only doing defensive stocks now and silver and gold.
I like mo, pm, cxw, geo , khc. I switched to dividends now.
The market doesnt reflect the economy now. . .
I have the same feelings, but I need to see a downtrend before I get off this train. The market is addicted to good news right now, and there is a lot of big money on the sidelines. A vaccine is heading to PH 2 trials and there’s an effective cocktail to reduce sides from Covid. Economies are opening.
There’s a real possibility we take markets to all time highs.
Now, I’m not naive in understanding the complete opposite could happen. The market will pivot quickly on bad news and sell off.
So, 
, haha.
But I’m in for now. I see too much upside with stimulus, vaccines, treatment methods and pent up demand to live life.
I have cut some positions in half or so, and put in some GTC orders at prices I would like to get back in at. Often it’s like “buy 10 shares at $50” AND on the same company “buy 30 shares at $40”
You don’t have to get all out just because you think it’s high, when you think it could still go much higher.
Same with buying, you don’t have to pick an exact price and an exact position size and make a singular decision on if/whether/when to buy. Especially with commission free nowadays
It could of course, but I would like to have you all know about:
“dividend Kings” - a list of companies that have raised yearly dividends for every year over the past 50 years or more
“Dividend Aristocrats” and “dividend champions” - two lists of companies that have raised yearly dividends for every year over the past 25 years or more
Lots of companies pay dividends for a few years when things are going good or great, but a company that is careful enough to be able to do so AND increase the payout for 50 straight years or more is in another class. And they exist
How about Wells Fargo sitting at a 52 week low and just paid out a 8% dividend.
This is an example of a great long term stock to build a position in RIGHT now.
Some will disagree I’m sure.
I highly doubt that you will regret it
I looked at there dividend history here
It would not surprise me if they “miss a payment” or two between this year and next* but I see no reason to doubt that the payouts are likely to grow nicely over the next decade or more I would imagine
The dividends have quadrupled over the last decade. Wild.
*See 2012 and 2013, they bunches two in Feb 2012 and missed early 2013 completely
Which highlights what I was saying about companies that can be consistent across 25+ years
Edit: WFC can still make those lists before 2038 since it still payed out more in 2013 than 2012, it seems
(I’m in a contrarian mood today…)
Caveat: not giving “investment advice”.
Since most are talking about buying “value/bargains”, I would like to point out that in The Era of Pandemics, the biotech indices IBB and XBI are making a new high/at the highs.
Why do you think this is so?