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Investing Vs Saving
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wabs81
#1 Posted : Saturday, January 01, 2011 11:03:34 AM
Rank: Member

Joined: 1/22/2008
Posts: 4
How is it best to save while at the same time on a loan that is being used to renovate a house for rent. Could a motgage be any better?
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jerry
#2 Posted : Saturday, January 01, 2011 5:09:31 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
@Wabs81. Where have you been? This is essentially an investors forum, so think more about investing and reinvesting in less and less riskier ventures as you grow older. Mortgage? No experience.
The opposite of courage is not cowardice, it's conformity.
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wabs81
#3 Posted : Sunday, January 02, 2011 8:42:30 PM
Rank: Member

Joined: 1/22/2008
Posts: 4
Jerry I'm on a resolution for 2011 to be an investor cos I have been consuming all my salary!! so thats the starting point i was trying to air out. Should I get a loan that renovates a house for renting then reinvest some profits say in long time stocks or any ventures that look good for my income gap?
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gesowan
#4 Posted : Monday, January 03, 2011 5:09:58 AM
Rank: Member

Joined: 11/6/2010
Posts: 289
free advise please Y=E+C+S(I),please see that you save and then invest ,if you do not understand i will be glad to explain,stop being @#%^^&5 you never consume your entire pay
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