All Forum Posts by: Kenneth Woodruff
Kenneth Woodruff has started 5 posts and replied 72 times.
Post: How should I be investing at 18?
- Investor
- Lancaster, PA
- Posts 74
- Votes 105
Quote from @Kaylee Loomer:
To be honest this is a bit off the topic from real estate but I am a bit puzzled as to how I should be investing into the stock market.
I've learned all there is to investing into Roth IRAs, Index Funds and ETFs, but should I be investing mainly under a retirement account? or should I be doing both with a brokerage and a retirement account? My goal is to have financial independence early in life but from what I heard is that retirement accounts only allow you to take out your income once your around 65. But I want to be able to have that investment income coming in by the time I'm 30 or 40. So should I still have a Roth IRA or should I be investing without one? Or perhaps I'm wrong about retirement accounts. Do retirement accounts such as a Roth IRA allow you to take out the interest you make without being penalized?
House hack! House hack! House hack! At 18 this would have been the single most important advice I could have received. The IRA, Index, ETF's etc.. all matter, but buying a house a year will be the best decision you will ever make.
Post: Medium Term Rental/ Traveling professionals
- Investor
- Lancaster, PA
- Posts 74
- Votes 105
Quote from @Paul Sandhu:
Quote from @Edward Moore:
@Cliff Benner I disagree with what @Paul Sandhu is saying about finding the workers. I traveled for years in construction as a superintendent. The best thing to do is go to the job site, walk into the job trailers .
Go into any of the work trailers at the industrial complex in my town and you'll see calendars of scantily clad women with my advertising and phone number on it. That's called advertising directly to the potential tenant. Send me a PM with an address and I'll send you some 2023 calendars.
Thanks for my daily smile!! and that ounce of advice hidden in there.