manage half a million dollars for me.

[Mr. dB]

I don't know what that means. I'm thinking I should, though.

I'm surprised you don't have one.

 

[canadianhitman]

Since he has to live on the money too and wants very little risk, I'd say use it to buy a triplex. Live in one of the units, rent the other two units out.

 

[MattTheSkywalker]

Certainly.


Just got back from Bal Harbour for my little bro's wedding.....

My younger brother got married in NY three weeks ago.

 

[SVT-TROY]

160k house?? sweet, how much for the wheels??

I'm not trying to live a rich life, just comfortable. I could make that house worth 500k in three years by investing 150k and doing all the work myself. Why should I pay top dollar for a house that someone else built. BTW, houses with wheels only run about 50k.

 

[gtrcivic]

Others already said it, but think investing half in real estate and other in stock market, an index fund that mimics the S&P...or a mutual fund investing in China..china will be good up through 2008, after that, not sure what will happen after the Olympics.

as far as real estate, look at foreclosed properties and buy a couple, buy a couple condos as well...

 

[WONDERBUNN]

Why not put the half million into SPDR?
Its an ETF that tracks the S&P 500( Electronically Traded Fund) which means its basically a mutual fund that trades like a stock.

If you get the stock account upgraded to do option trading you can write covered calls against the SPDR. It should get steady cash income every month and is relatively safe.

Of course their are more lucrative option strategies, but I assumed you wanted safe and low maintenance.

 

[gonelifting]

bobbrinker.com

 

[bullett]

I'm not trying to live a rich life, just comfortable. I could make that house worth 500k in three years by investing 150k and doing all the work myself. Why should I pay top dollar for a house that someone else built. BTW, houses with wheels only run about 50k.

This is a very common fuck up...

Someone buys a house, updates the kitchen with granite counters, and the bathroom with new fixtures, etc...adds landscaping, and then expects the house to sell for appreciably more. It may be easier to sell, but the value is tied to basically two things, location, and sq footage... If you do not increase the sq footage, it will not sell for appreciably more.....they look at how much the other homes in the same or similar location have sold for per sq ft, and that is basically what your home is worth....

Now, add cheap ass sq ft, and Bam! make some money...

 

[SVT-TROY]

This is a very common fuck up...

Someone buys a house, updates the kitchen with granite counters, and the bathroom with new fixtures, etc...adds landscaping, and then expects the house to sell for appreciably more. It may be easier to sell, but the value is tied to basically two things, location, and sq footage... If you do not increase the sq footage, it will not sell for appreciably more.....they look at how much the other homes in the same or similar location have sold for per sq ft, and that is basically what your home is worth....

Now, add cheap ass sq ft, and Bam! make some money...

That is definately what I would do, if you notice my first post, I would make the house much bigger and open up the floor plan. I consider myself to have a good feel for design and layout, I would make it a place you would love to hang out in.

 

[Ish]

See AAP, after all these responses, Mexico is sounding better and better, right?