Yeah. I would say the best use of their money might be to replace the roof on

May 5, 2015
8:35:03am

titlecoug

their house, or just keep that $25k pretty liquid as an emergency fund that can get them through. I hope they've got decent social security savings.

This message has been modified

Originally posted on May 5, 2015 at 8:35:03am

Message modified by titlecoug on May 5, 2015 at 8:35:58am

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titlecoug

Bio page: titlecoug
Joined: Dec 7, 2011
Last login: Apr 25, 2024
Total posts: 13,447 (4,976 FO)

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Messages

Author

Time

Where to invest $25,000 for my parents approaching retirement. My dad turned 60

Bro

5/5/15 8:27am

The alternative investment is not a guarantee...

titlecoug

5/5/15 8:28am

True, but it's a bona fide contract for someone to pay you that amount.

Bro

5/5/15 8:30am

In the event of a default or catastrophe, who gets first claim to the assets?

Random Walk

5/5/15 8:31am

I believe my parents would.

Bro

5/5/15 8:33am

That's an important point to know.

Random Walk

5/5/15 8:33am

I'd be surprised if the balloon portion of a mortgage is in 1st lien position

Linescratcher

5/5/15 8:37am

Yeah. And even if you were in 1st position, are you going to foreclose and kick

titlecoug

5/5/15 8:33am

Contracts are broken all the time. This has trouble written all over it

JackStack

5/5/15 8:32am

Unless they can't pay it ... or won't ... or declare bankruptcy.

tassell

5/5/15 8:35am

I'm not sure how a personal loan to a friend could ever be "guaranteed." But

Non-donor troll

5/5/15 8:29am

Maybe guaranteed is the wrong word, but it will be a contract in writing and its

Bro

5/5/15 8:31am

See Random Walk's post above. Stuff happens.

supertux

5/5/15 8:32am

If you feel the investment is a safe one. 5% is a really good guaranteed rate

Lance71

5/5/15 8:34am

A personal loan to a friend to make a balloon mortgage payment is not guaranteed

Linescratcher

5/5/15 8:32am

Yeah. I would say the best use of their money might be to replace the roof on

titlecoug

5/5/15 8:35am

vanguard balanced index fund

Snorky

5/5/15 8:35am

Do this, but make sure it's global.

swishh_15

5/5/15 8:39am

do the age appropriate life cycle one.

Snorky

5/5/15 8:39am

this one:.

Snorky

5/5/15 8:42am

↑↑↑↑ This is your answer. It has great diversification to it right now

swishh_15

5/5/15 8:45am

Never loan friends money you can't afford to lose.

RalphWiggam

5/5/15 8:35am

If they invest in my DoTerra startup, I can promise big returns. 20% minimum.

UNLVcougar

5/5/15 8:36am

if that's all they have just take 5%

Cougarealist

5/5/15 8:36am

Yep. Even if they do pull in 5%, that's only $1,250/year.

tassell

5/5/15 8:39am

Pre-tax

Random Walk

5/5/15 8:45am

If you decide you want some risk. Oil or oil companies is a risky idea that

Lance71

5/5/15 8:42am

$25,000 for 10 years @ 5% will give them an additional

Random Walk

5/5/15 8:44am

Thanks, this is helpful.

Bro

5/5/15 8:49am

Is it safe to assume there is alot of money other places if they are planning to

crack

5/5/15 8:53am

I just reread where you said they weren't very prepared. You might have to be

crack

5/5/15 9:08am

Absolutely no on paying off a friends mortgage. I don't care if they are

bocadillotortuga

5/5/15 9:27am

RE: Where to invest $25,000 for my parents approaching retirement. My dad turned

Bullrider

5/5/15 9:47am

Please tell me they have more than 25k for retirement

LaserCoug

5/5/15 9:55am

They have way more for retirement. It's just not enough IMO and i want to make

Bro

5/5/15 10:02am

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