Best way to invest $1200?
February 1, 2007
Ben L asked:
I am thinking of investing my $1200 IRS refund in property tax lien’s. Is that a good idea? Or Is there a better way?
Tax Lien Investing Fund
I am thinking of investing my $1200 IRS refund in property tax lien’s. Is that a good idea? Or Is there a better way?
Tax Lien Investing Fund
Comments
5 Responses to “Best way to invest $1200?”
Tax Lien Investing
Hi, my husband and I just started investing in this “retirement club” and so far so good. If you invest your $1200 in 30 days you will make 60%. I know, sounds nuts but it has worked for us so far. Check it out, I pasted the link down below and if you want all the information on how to sign up, let me know and I will email it to you.
Tax Lien Fund
buy a quality stock
market may have already bottomed and stocks are the way to go.
My fav:
GS, GOOG, AAPL, V, MA, ABK, CFC
Tax Lien Investing Fund
Some of those things have conflicts. Check the rules in your state because you might be getting some abandoned property that was dumped because of all kinds of things: meth lab was there, so there is toxic chemical presence; a building is (or perhaps should be) condemned and if it becomes yours you will need to clean it up; you could get your hopes up on the property becoming yours and the owner pays up; or (most likely) you go to the auction and found 12 banks have better bids than you, so you wasted your time.
Tax liens are kind of like dabbling in options, what if you wanted to get the building, but couldn’t, or what if you really don’t want the building but get stuck with it? Put it in a good mutual fund and forget it. See the link below to check out the wide range of simple choices.
Tax Lien Investing Fund
If you are going to invest all of your money that means you don’t need it right away. Why not invest it in government bonds? You have a fixed rate of return with no tax.
If you’re willing to consider a 60% increase in one month you may as well put it all on the Lakers to with the NBA Championship at 5 to 1.
Tax Lien Fund
Invest in ETF: ETFs are cheaper than mutual funds. ETFs have very low annual expenses, nearly 20 basis points or 0.2% less. As against this, actively managed mutual funds show average expenses exceeding 135 basis points (1.35%). This does not include the extra 2% – 5% as loads, 12(b)-1 marketing fees, transactions costs, and soft dollar expenses mutual funds, passed on to you but never informed, except in very fine print that nobody cares to read.
ETFs have a lower turnover than most mutual funds. As ETFs do not require active management and hold nearly a steady stream of stocks, there is hardly any portfolio turnover. On the other hand, many actively managed mutual funds churn their portfolio many times throughout the year, leading to recurring transaction fees on every purchase and sale.