I am handicapped and on a disability pension. I do not wish to be on this forever as I hate depending on the gov for funds. So i’d like to invest now since i am young but as it turns out I am not allowed to own more than 2k of any investments or they cut me.. which is hardly a strong foundation to survive on the profits of. =(
I’ve been studying different markets; stocks, realestate, bonds, tax liens but it seems the IRS would always know what i’m doing even if i didn’t report. And I dont really want to do anything illegal but I also do not want them in my business if i can invest in territory that they have no control over.
So i thought that they couldn’t possibly watch over everything..
Yes, I know i’m really suppose to report every little dime I earn from anything and everything, from any location but I look at it as a don’t-ask-don’t-tell.
The only thing i can think of is maybe some stock markets in other places of the world have markets in countries that dont report?
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I am graduating college with no debt and will probably be working at a large defense company making a good starting salary. My question is about investing my hard earned money. Which way should I go, get into the market try to research a mutual fund that has low fees and is emphasizing on buying undervalued stocks in the long term or try to get into a foreclosure that isn’t trashed in a decent neighborhood and try to fix it up a little. I would like to do both. I am eligible for a VA loan that requires little down and locks in lower fixed rates, but I think there is some stipulation with insurance, but I am not looking for this to be a long term house. I will likely sell it once the market rebounds. I am also going to try to start a company on the weekends that researches viable tax liens. Any advise would be appreciated.
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I’m 17 and have 500 bucks I want to invest. What are some good investments. I don’t really want to do stocks. What are my options? Tax liens? CDs? What is the best choice for me? (I don’t really know what a tax lien is or a CD so please explain)
Thanks
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4options I know I can do… and is easy
CD at about 4-5%
Money Market 4-5%
Savings- not a investment
Bonds(bank)- no not enough return
Tax Liens Certificates- I am looking into trying this but first I have to research it and study it more.
Real estate- don’t have the assets and money to rent a house out.
Stocks- Not enough info and dont know anybody to make educated decision
Real Estate Investment Trusts- maybe, got to look into that better
what should I invest in?
if you know some good info of how you buy tax Lien Certificates and you have a real good website to see the one’s in any area or just have a few good tips for me that would be great.
thankyou
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Okay, I love the tax advantages of a Roth Individual Retirement Account, but I hate being told what I can and can't invest MY money in. I could put it in a freakin' triangular hole in the ground, if I felt like it. But anyway, I'm looking for a Roth IRA that will allow me to invest in:
1. Lending to people via Prosper.com
2. The deeds to rental properties that pay for themselves and pay into the account
3. Tax liens and/or tax lien certificates
4. Stocks
I want to invest in _all_ of those things. I DO NOT want to invest in annuities, cds, or mutual funds. Those pathetic investments are dead to me.
Does anyone know where to look for my desired IRA?
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