New to site.....Financial Planner here
02-25-2007, 06:14 PM
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New to site.....Financial Planner here
Im new to this website and I noticed this forum. Thought I would swing in and let everyone know this is my cup of tea. I have my securities license, insurance license and I'm a CSA as well.....Let me know if I can help anyone with and questions....IF anyone is local to PA I will set up and go over anything with them no charge since I love you guys...hah...Take care.
Aaron Sweigart, CSA
Aaron Sweigart, CSA
02-27-2007, 04:25 PM
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Welcome!
I have a question:
My "portfolio" consists of 6 multi-residential units and one home, also a rental... as you can see, it is completely real estate and I would like to start investing elsewhere. What would be a good place to make some money? I would like to start out with $5,000 and wouldn't like to take too much risk. Can you help with some advise?
Thanks in advance.
I have a question:
My "portfolio" consists of 6 multi-residential units and one home, also a rental... as you can see, it is completely real estate and I would like to start investing elsewhere. What would be a good place to make some money? I would like to start out with $5,000 and wouldn't like to take too much risk. Can you help with some advise?
Thanks in advance.
02-28-2007, 07:27 PM
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Sure thing, well first off good for you on your real estate investments. Last couple years have been great times for that.
I personally invest my money in local bank stocks that I know certain things about and have done quiet well in that. For someone that is looking to invest a small amount into somthing you have to ask yourself a few questions
1. What do you see this money being used for in the future?
2. How long till you think you would need it?
IF you let me know those 2 questions I can most likely help you out....talk to you soon.
Aaron
I personally invest my money in local bank stocks that I know certain things about and have done quiet well in that. For someone that is looking to invest a small amount into somthing you have to ask yourself a few questions
1. What do you see this money being used for in the future?
2. How long till you think you would need it?
IF you let me know those 2 questions I can most likely help you out....talk to you soon.
Aaron
03-01-2007, 06:22 AM
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Originally Posted by c2etalon,Feb 25 2007, 10:14 PM
IF anyone is local to PA I will set up and go over anything with them no charge since I love you guys...hah...Take care.
Aaron Sweigart, CSA
Aaron Sweigart, CSA
03-02-2007, 09:09 AM
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Originally Posted by c2etalon,Mar 1 2007, 04:27 AM
1. What do you see this money being used for in the future?
2. How long till you think you would need it?
2. How long till you think you would need it?
2. I won't need it anytime soon. It would not matter to me whether the investments were longterm or shortterm.
Thanks very much.
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03-02-2007, 10:47 AM
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Originally Posted by c2etalon,Feb 25 2007, 10:14 PM
Im new to this website and I noticed this forum. Thought I would swing in and let everyone know this is my cup of tea. I have my securities license, insurance license and I'm a CSA as well.....Let me know if I can help anyone with and questions....IF anyone is local to PA I will set up and go over anything with them no charge since I love you guys...hah...Take care.
Aaron Sweigart, CSA
Aaron Sweigart, CSA
i know i'll have to pay taxes but what's the maximum amount of time i would have to spread it over?
03-02-2007, 05:04 PM
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My office is located on RT 22 where RT 39 comes out and intersects it. My office is in the complex on the right if you turn left at Cicco Honda and head towards Colonial park. Its 1/4 mile up 22 on the right....right before the JO JOS pizza. Let me know if I can help you out in anyway or if you want to sit down and go over things we can do that to.
The other question about coverting 401 to Roth. To do that you would have to take all the money out and pay tax on it that year, all of it. You cant spread that out over years to get it converted. Id say just convert 4K a year out of it and put it into a ROTH. Let me know if that helps.
To ESCALVANTE, I would say an IRA of some sort if you plan on using it for retirement, you cant touch it till 59.5 if you choose an IRA. If your looking for something less long term and something you can take out and spend on yourself in 5 10 years. I would say a quality stock that gives you regular dividends, such as a utility stock or bank stock. Its 100 liquid to you, its very low risk, and provides good growth if you let it go. Let me know your age so I can get a better idea of whats going on. Take care
Aaron Sweigart, CSA
The other question about coverting 401 to Roth. To do that you would have to take all the money out and pay tax on it that year, all of it. You cant spread that out over years to get it converted. Id say just convert 4K a year out of it and put it into a ROTH. Let me know if that helps.
To ESCALVANTE, I would say an IRA of some sort if you plan on using it for retirement, you cant touch it till 59.5 if you choose an IRA. If your looking for something less long term and something you can take out and spend on yourself in 5 10 years. I would say a quality stock that gives you regular dividends, such as a utility stock or bank stock. Its 100 liquid to you, its very low risk, and provides good growth if you let it go. Let me know your age so I can get a better idea of whats going on. Take care
Aaron Sweigart, CSA
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