Search found 5 matches

by RocketIIIflyer
Thu Jul 30, 2020 8:56 pm
Forum: Personal Investments
Topic: Secured Income Group - 12M 7.15% Fixed Rate Return
Replies: 9
Views: 2533

Secured Income Group - 12M 7.15% Fixed Rate Return

I received an advertisement for the Secured Income Group who appear to offer bridge loans to those persons conducting residential flips and short-term construction projects. They offer the following fixed rate returns: 6M=6.15%, 12M=7.15%, 24M=7.65%, and 36M=8.25%. They provide the following overview of their business: Founded in 1996, Secured Income Group is a specialty finance company that provides a range of debt products for residential real estate clients who purchase property for investment purposes. All of SIG’s loans are short term, normally 12 months or less. We originate loans on three types of properties; (1) value-added acquisitions (fix and flip), (2) new construction, and (3) loans for stabilized assets. All of our loans are s...
by RocketIIIflyer
Tue Jan 01, 2013 12:03 pm
Forum: Personal Investments
Topic: Portfolio Suggestions – 82 Year Old Retiree
Replies: 15
Views: 3777

Re: Portfolio Suggestions – 82 Year Old Retiree

While she is meeting expenses, she is interested in maximizing her income to have additional discretionary income (Travel, etc.). She does not have Long-Term Care insurance. Her biggest issue is where to invest her monies. Does the advisor’s advice to spread her taxable portfolio over five different bond funds make any sense along with the advisor’s other recommendations? What should her asset allocation be 25% Equities/75% Fixed Income? The composition of the equity portion seems straightforward, but the composition of the Fixed Income portion is the challenge. Again, thank you for any input.
by RocketIIIflyer
Sun Dec 30, 2012 8:34 pm
Forum: Personal Investments
Topic: Portfolio Suggestions – 82 Year Old Retiree
Replies: 15
Views: 3777

Re: Portfolio Suggestions – 82 Year Old Retiree

Thank you all for your assistance. My Mother-in-law met with a Fidelity advisor after Christmas who advised the following: Taxable: Sell – Franklin CA Tax Free Income Class A (FKTFX) (.57) Hold – Fidelity GNMA Fund (FGMNX) (.45) Hold – Vanguard 500 Index FD Investor Shs (VFINX) (.17) Buy – Fidelity High Income Fund (SPHIX) (.76) Buy – Loomis Sayles FDS BND FD Retail (LSBRX) (.92) Buy – PIMCO Diversified Income CLD (PDVDX) (1.15) Buy – Fidelity Total Bond Fund (FTBFX) (.45) Buy – Fidelity Strategic Income Fund (FSICX) (.70) The advisor advocated investing remaining cash equally (20%) within the five funds. IRA: Sell – Fidelity Magellan (FMAGX) (.53) Sell either: Fidelity Mid Cap Stock (FMCSX) (.85) or Spartan 500 Index FD Investor Class (FUS...
by RocketIIIflyer
Sun Oct 28, 2012 8:35 pm
Forum: Personal Investments
Topic: Portfolio Suggestions – 82 Year Old Retiree
Replies: 15
Views: 3777

Re: Portfolio Suggestions – 82 Year Old Retiree

Thank you for your comments. Her wishes are to sell the individual stocks, simplify her investments, and to generate has much monthly income as possible without depleting her principle.
by RocketIIIflyer
Sun Oct 21, 2012 9:46 pm
Forum: Personal Investments
Topic: Portfolio Suggestions – 82 Year Old Retiree
Replies: 15
Views: 3777

Portfolio Suggestions – 82 Year Old Retiree

Hello, I have recently been reviewing this site and have found it very informative. My new recent mother-in-law has asked for assisted in managing her portfolio. Any suggestions or advice you could provide would be greatly appreciated. Her goal is to make as much income as possible with some possibility of growth. Emergency funds: Included in the taxable cash below - $50,000 desired liquid. Debt: No debt, house is paid for. Tax Filing Status: Widow Tax Rate: TBD – Did Not Know – Only SS and RMD from IRA - $1,400 per month(?) State of Residence: California Her Age: 82 Desired Asset allocation: TBD – 25%/75% Stocks/Bonds Desired International allocation: TBD Current retirement assets Taxable $181,000 – (Cash held in savings or money market ac...