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SVTPerformance's Chain of Restaurants
Road Side Pub
Best type of investment
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<blockquote data-quote="Ohio Snake" data-source="post: 15960649" data-attributes="member: 157862"><p>Thanks for the complement. </p><p></p><p>If you took the time to read post #6, you will find that I addressed the question on the investment chassis and since the money is used for a home purchase or downpayment, consider a conservative portfolio since there is the potential for market volatility in a short time frame.</p><p></p><p>Investment advising mistake 101 is telling someone returns on mutual funds average 10%-14% without specifying investment objective, time frame and risk. </p><p></p><p>If the OP needed the money in 12 months, and as an example....invested in an International growth fund ( due to your stellar advice of “ mutual funds average a return of 10%-14%”) and lost 10% or more......the OP may become pissed off because he thought he would get 10%-14% return.</p><p></p><p>If the OP utilized a Roth IRA, his gain portion regardless of time held is always taxed at ordinary income tax rates plus a potential 10% penalty if withdrawn under age 59.5. He may be able to forgo most or all of the penalty portion on a first time home purchase. Utilizing a brokerage account ( non IRA) and holding the asset for 12 months and 1 day would be taxed at no more than 15% or less on the gain portion. I guess you knew that but failed to mention it.</p><p></p><p>Its a good thing the OP did not ask about share classes of mutual funds, ETF investing or asset allocating. </p><p></p><p></p><p></p><p></p><p>Sent from my iPad using Tapatalk</p></blockquote><p></p>
[QUOTE="Ohio Snake, post: 15960649, member: 157862"] Thanks for the complement. If you took the time to read post #6, you will find that I addressed the question on the investment chassis and since the money is used for a home purchase or downpayment, consider a conservative portfolio since there is the potential for market volatility in a short time frame. Investment advising mistake 101 is telling someone returns on mutual funds average 10%-14% without specifying investment objective, time frame and risk. If the OP needed the money in 12 months, and as an example....invested in an International growth fund ( due to your stellar advice of “ mutual funds average a return of 10%-14%”) and lost 10% or more......the OP may become pissed off because he thought he would get 10%-14% return. If the OP utilized a Roth IRA, his gain portion regardless of time held is always taxed at ordinary income tax rates plus a potential 10% penalty if withdrawn under age 59.5. He may be able to forgo most or all of the penalty portion on a first time home purchase. Utilizing a brokerage account ( non IRA) and holding the asset for 12 months and 1 day would be taxed at no more than 15% or less on the gain portion. I guess you knew that but failed to mention it. Its a good thing the OP did not ask about share classes of mutual funds, ETF investing or asset allocating. Sent from my iPad using Tapatalk [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Best type of investment
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