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  1. #1
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    Default What would you do with $$$

    $300K US want to generate as much current income as possible and low risk to the principle. ??????

    Sorry for the brain freeze.

    Moving to DR, should I move the money from my US acct to the DR if so what are some of my options.
    Last edited by jrshd9; 11-25-2002 at 02:51 AM.

  2. #2
    aka - shadley
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    dont we all?

  3. #3
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    Default Do the smart thing

    Make an appointment with a good financial advisor and map out your goals and time/risk tolerance with him/her instead of seeking advice from strangers on a message board.
    Larry

  4. #4
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    buy US Savings bonds. Safe and easy to get out out with a 3 month loss of interest.

    Screw the financial advisor. They are only out to line their pockets churning your money.

  5. #5
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    Sell out of the money US Stock index option spreads (a credit spread) and allow them to go to expiration. Use techical indicators such as 50/200 day moving averages and support/resistance to identify whether to sell puts or calls and to best time the trade.

    This is a good strategy that I have just started to implement.
    Last edited by mondongo; 11-19-2002 at 11:43 PM.

  6. #6
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    Where do you want to use the income that is generated? Europe? USA? Canada? Dominican Republic?
    When do you want the "Best Income generated" to start & for approximately how long? Long term "Best Income" returns will differ from short term ones.
    When are you likely to want to get your "Safe" principle back? Three months? Three years? Ten years?

    You need to answer these questions (not to the board, but as Larry suggests, to your financial advisor AND yourself) before you take a decision!! WE make a reasonable (& definately SAFE) return on our investments, certainly enough to live on comfortably, so e-mail me if you want further info as to how we survive in the DR (North Coast). South Coast will require a different stratergy to the North Coast, different players & advisors etc.
    Good Luck - Grahame.

  7. #7
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    Default Re: What would you do with $$$

    Originally posted by jrshd9
    $300K US want to generate as much current income as possible and low risk to the principle. ??????
    Terms like "low risk" and "as much as possible" are very subjective.

    Manage your risk by diversification and paying attention to established risk indicators. Consult an expert if you aren't comfortable with this. Gambling is best left to those whose specialty is gambling, and then only why they personally have a financial stake in YOUR results. Advisors that charge a set fee or comission regardless of your results, as you suspect, are not all that affected by your results and thus, will not place your interests high on their list.

    No advisor worth their salt could advise you without more info. About you, your goals, time periods, your comfort and agression levels, etc., your complete financial condition, ...

    Talk to your accountant. Cliche time. Walk before you run, don't put all your eggs in one basket, at bird in the hand is worth two in the bush, you reap what you sow, haste makes waste, you can't take it with you, a fool and his money are soon parted (or partying), to beat the system one must know the system, don't recreate the wheel, more is less, pee to the lee (I just like that one).

    Crime seems to pay lately.

  8. #8
    aka - shadley
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    jrshd9,
    considering the nature of your question and the board is is asked on, you have received very good advice.
    SJH

  9. #9
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    Question Shad

    Shad,
    I want to ask your advice on something can you do me a favor and e-mail me?
    Larry

  10. #10
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    JSHDR, since protection of principle appears to be a very important concern I would take 150k and do exactly what Jazz stated US savings bonds. Series EE (Patriot bonds) currently yield 3.25% and Series II yield 4.08%. Both are tax deferred and the interest rates change every 6 months based on the Treasury bond yield and the inflation rate. Can only buy 30K II and !5k EE each year so you may need to use different family members SS#'s. Another 100K I would buy quality stocks which are undervalued, my opinion Sears, GE, Ford, some utilities and I would write covered calls to collect the premiums and dividends. Last 50K the highest yielding money market you could find so you have liquidity.
    If you were a gambler I would have a very different strategy.
    Best GNYC

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