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May 5, 2015
8:29
:17
am
Non-donor troll
I'm not sure how a personal loan to a friend could ever be "guaranteed." But
then again, neither are positive returns from the stock market over the short term. Good luck!
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Non-donor troll
Previous username
That_guy
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Non-donor troll
Joined
Jan 20, 2010
Last login
Oct 30, 2023
Total posts
10,425 (1,806 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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