I have 800k cash sitting in the bank (chase &BOA) at the FD rate ~4% rate. Already have ~300k in market (loss 200k 😞)Don’t want to invest in the market as it’s very volatile so planning to buy more homes but again I have 4 rental properties in 3 different states. 2 CA - 1 Bay Area + 1 Tahoe 1 GA - Johns Creek 1 TX - Austin Should I buy more rental Properties or will continue with FD ? Please give your best suggestions.TIA🙏🏻 #housing #mortgage #cash #investment Combined TC - 500K LCOL
Put in the stock market but don’t be dumb. You aren’t gonna lose 40% if you put it into VTI or similar.
20-30% is plausible
Or voo
I go for rental positive cash flow ..only flip side hold for another decade tho
Which FD has 5% ?
Put it in vusxx no state tax and 5.05 percent interest for June , compounded monthly.
What a nice problem to have - 800k cash and 4 rentals. What's your age or YoE?
Age - 40
May be start selling CSP for NVDA, TESLA and similar volatile quality stocks at 15 or 20 delta out 30 - 45 days. Close at 50%. Rinse repeat.
How does this work for someone whonhas no idea?
No plan to invest in market buddy as I already have lot of losses 😔
How do u manage rentals in different states?
Hired PM (Property manager)
OP, Did you hire different PMs for each state?
I won’t give any financial advice as I am suck at it , but which stocks tanked for you ?
BTC
Treasuries!
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Any money market fund can give you a decent return
Agreed put some in a money market but it’s only going to net ~1% given interest rates on savings account