Comments on: The Money Guy is not for me!

By: Steve

Steve — Sat, 05 Dec 2009 02:22:40 +0000

Because in most cases, the company isn’t paying you 20%. your getting the coupon at less than face value, with maybe an 8 % interest payment ,and sell when the coupon matures or when it reaches face value. meanwhile your collecting the 8% for the time your holding. when you sell, you end up with an effective 15 to 20 % ,and sometimes even more ,depending on the discount rate you purchased it at.

By: Rick Francis

Rick Francis — Fri, 04 Dec 2009 15:41:58 +0000

@ Steve

20% a year seems far too good to be true. I can’t believe there is a ready supply that is not toxically risky. Why would a company borrow at 20% when they should be able to get far lower rates?

-Rick

By: Ill Liquidity

Ill Liquidity — Fri, 04 Dec 2009 02:20:03 +0000

50 cent

By: Steve

Steve — Fri, 04 Dec 2009 02:16:41 +0000

oops Bond

By: Steve

Steve — Fri, 04 Dec 2009 02:16:21 +0000

Of course,not every bod he advises will have this kind of return,but on average, he will do about a 20% per year return.

By: Steve

Steve — Fri, 04 Dec 2009 02:15:17 +0000

Adrian, we are talking nothing less than a bb rating in those corporate bonds. I been reading about a guy who shows you exactly how to find those bonds with nearly no risk, and great returns.

By: traineeinvestor

traineeinvestor — Thu, 03 Dec 2009 05:33:40 +0000

@ Steve – 20% a year on corporate bonds? That seems very high to me – what sort of credit quality are we talking about?

@ Adrian – you may find this of interest: http://www.barclayswealth.com/v10-prospects-for-property.htm

I second the motion to avoid high cost products peddled by private banks.

Not sure about Paris Hilton – the benefits look pretty small to me

By: Steve

Steve — Thu, 03 Dec 2009 02:58:00 +0000

I think Corporate bonds(can deliver 20 % or more Per year) so you could have a 10 to 20 % of your money sitting in Bonds ,which require very little maintenance, and 20+ % per year could see you through pretty much anything that comes up at this point.

By: Steve

Steve — Thu, 03 Dec 2009 02:54:27 +0000

Adrain, I fail to see why you would need an adviser. You have gone from pretty much nothing,to well past 7 Million. This seems to suggest you have the ability to manage money ,at least as well as anyone who would advise you.

I say you would continue what your doing, minus any thing that takes up much of your time.I.E. running a Business. I would think investments will hold your fortunes at a level (at this time) to keep your living standards pretty much where your at right now.

Just my thoughts on this matter .

By: Adrian

Adrian — Thu, 03 Dec 2009 00:54:04 +0000

@ Trainee Investor – $70M+ is not really that much these days: both Oprah and Guy Laliberte (Cirque Du Soleil fame) share the same Number ($1 Bill + … can’t remember exactly) and that only puts them roughly at shared for 160th place on the Forbes Rich List.

So, it shouldn’t be a surprise that I already have number of friends and/or friend’s-friends who have made their mega-millions and put their proceeds into property, if that’s what I end up leaning towards.

@ Rick – 50/50 Vanguard Index Funds and Berkshire Hathaway that way I would have all of the stock bases covered?

@ Modder – An investment bank is exactly what I’m NOT looking for: pseudo-rich guys on big bonuses pushing the stock deal of the month.

If I was going to go with a ‘theory’ advisor (do as I say, not do as I have already done to the tune of $70M+) I would go with Paul Grangaard (stock and bond laddering) and/or Zvi Bodie (Inflation-protected bonds)

@ Ill Liquidity – Paris Hilton … an Advisor With Benefits, huh?

@ Andee – EXACTLY the message that I’m trying to get across here; if I were to find an advisor, I would be looking for the type of guy in your book …