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Have any nurses invested into other avenues?Rating: (votes: 0) My investments go 100% into my 401k, with its matching employer contribution. Comment:
Thats great you have an employer that has matching 401k, as i know nurses who employer does not match.
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My employer does not match. So I don't have a 401K. They limit where you can invest to the point where it wasn't a viable option.We do invest in real estate. Not directly (ie we are not landlords) but through someone we know who privately lends for fix and flips, and through property owned by a group. We also invest our previous 401k money in stocks. We get to actually pick instead of being given a list of mutual funds that are allowed. I started my 401k at the worst time years ago. I bought high and then watched as it monthly dwindled to almost nothing. You can recover over time if the stock eventually recovers. But when the investment firm goes bankrupt your mutual funds becomes worthless or nearly worthless. We have done better on our own.
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[quote=JenniferSews;5006463]My employer does not match. So I don't have a 401K. They limit where you can invest to the point where it wasn't a viable option.We do invest in real estate. Not directly (ie we are not landlords) but through someone we know who privately lends for fix and flips, and through property owned by a group. Yes, that sounds great, my mom is actually looking to invest into real estate. Property in the area that we live in are pretty cheap. We have newer apartment buildings in our neighboorhood that are being foreclosed. For instance a building down the street on my block has been seized by the bank, its a wonderful two flat. The bank wants 40,000 for the building which isn't bad at all. When my mom called to inquire about it, they had three prospective offers that were a little bit less than 40,000. The man quoted high 30,000s. For a new building and the amount of sq.ft, rent runs in this area $1200 per month for both the first and second floor, and the basement area high 900s. With stable tenants, a property like that can bring in a positive cashflow in about two years.
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$40,000 for a building is very cheap! That sounds like a great investment!!!
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Quote from positivern$40,000 for a building is very cheap! That sounds like a great investment!!!
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