Re: Stock Market Bankroll
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What real estate will you be buying with $5,000?
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I'm talking about buying a condo, either a.) renting it out. or b.) fixing it up and trying to resell for a quick profit.
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So would you try to do something like this with 5k or put it in the stock market?
In this example I would hope to make about $200 profit per month via renting a condo. Plus a property value increase per year of about 4% a year. So you could make a profit at about $3000 per year. (Yes I am not counting any refurbishing/upgrade costs.)
If you invest the 5k in the stock market and get a nice10% return you'd make only $500.
Agree? Disagree?
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