where to invest a couple million

Discussion in 'Hangar Talk' started by FORANE, Feb 22, 2021.

  1. wsuffa

    wsuffa Touchdown! Greaser!

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    Can't blame people for going the cremation route.

    The pricing for funerals has increased so much that it's a way to cut cost. And part of that is the consolidation in the industry (SCI/Dignity is the big one). And yes, I know you can buy caskets through discounters but some funeral homes won't use them (requiring you to buy from them). I saw the difference in cost between 2 family funerals 10 years apart - the increase in price during that time far exceeded the effect of inflation. For a lot of folks, the price has gone out of sight.

    And then there's the whole land-use problem. (Noted that the custom in some countries, like Germany, is to lease the burial plot for a fixed period of time - if the family doesn't renew, then the plot is re-used by either burying on top or by removing and disposing of the remains).

    He lost $3 million in sales, but what does that represent in terms of profit? And how much of that profit was made up by selling cremation services, urns, and the like?

    But as the owner of a funeral home told me: "love us or hate us, but at some point you'll need to use us".
     
  2. bnt83

    bnt83 Final Approach

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    There was a an old couple a while back in SD. The elderly wife had passed and the husband cremated her on the farm. IIRC when it was all over he ended up paying like an $80 fine for improper disposal of a body.
     
  3. Everskyward

    Everskyward Experimenter

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    Also happened to a guy I worked with. Would never own a rental property, or anything that caused me more work, unless it was a hobby. I stick to passive investments such as mutual funds.
     
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  4. RyanB

    RyanB Administrator Management Council Member PoA Supporter

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    Oh my gosh! That’s nuts! I’m surprised he got off with only an $80 fine...
     
  5. murphey

    murphey Touchdown! Greaser! PoA Supporter

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    As I keep reminding my students - no religious discussions in class.

    Windows vs Mac vs Linux is a religious discussion.
     
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  6. EdFred

    EdFred Taxi to Parking

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    Yeah, should have went with piranha solution.
     
  7. Sac Arrow

    Sac Arrow Touchdown! Greaser!

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    For a minute, I thought I was following the BBQ thread, then stumbled on to cremation, and was like all WTF.
     
  8. Zeldman

    Zeldman Touchdown! Greaser!

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    Which is why the cost of cremation is rapidly rising and will soon cost more than a regular burial funeral. Whenever something cheap and easy becomes popular....
     
  9. wsuffa

    wsuffa Touchdown! Greaser!

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    It's on-topic: overlook the brisket or pork shoulder and you've committed cremation.


    Low wing.
     
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  10. wsuffa

    wsuffa Touchdown! Greaser!

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    Especially when there's less competition....
     
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  11. Ted

    Ted The pilot formerly known as Twin Engine Ted

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    I’m with you. I get the benefits of diversification, but in the end it’s a lot of extra work that could otherwise be put towards something else, like enjoying life.
     
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  12. Bob Noel

    Bob Noel Touchdown! Greaser!

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    tail-wheel
     
  13. Sac Arrow

    Sac Arrow Touchdown! Greaser!

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    Over cook the filet or rib eye and you've also committed cremation.
     
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  14. ja_user

    ja_user Pattern Altitude

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    +1
    S&P 500 Holds enough real estate for me :)
     
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  15. David Megginson

    David Megginson Cleared for Takeoff

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    My decision exactly. In the late 1990s, I had a bit of extra money, and considered using it to put down payments on a couple of houses and rent them out. Then I decided I hadn't chosen property manager as my profession, so why start now?

    Those houses were going for about $250K each in the late 1990s, and they're worth about $1M each now. $250K invested in the S&P 500 in 1997 is also worth about $1M now — and that's excluding all the dividends paid out during that time (which would increase the total significantly if reinvested), and didn't require getting out of bed to unclog any tenants' toilets at 3am on a winter morning.
     
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  16. Pilots Of America Management

    Pilots Of America Management MC Announcements and Communication Management Council Member

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    The thread is being reopened after several posts were deleted and warnings given for those who decided to bring the Spin Zone into the discussion. Let’s stay on topic now!
     
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  17. denverpilot

    denverpilot Tied Down PoA Supporter

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    After thinking about it @FORANE should send the money here fir safekeeping. I’ll charge a reasonable management fee. LOL.
     
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  18. PaulS

    PaulS Touchdown! Greaser!

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    I'm sure you'll remember to get your fee BEFORE you invest his money. :D
     
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  19. Crashnburn

    Crashnburn Cleared for Takeoff

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    Buy a farm and work the land until you go broke. :)

    Buy a diversified ETF portfolio of stocks, bonds, commodities, sector funds, etc. Determine a target weight for each category. Whenever you get dividends, put them in the fund that’s doing worst and is underweight. Maybe read some books on Modern Portfolio Theory first. I’ve had really good returns doing the above. I need 3 hours a month to manage mine. There is such a thing as the point of diminishing returns, and I’ve found the less trading I do, the better my investments do.
     
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  20. David Megginson

    David Megginson Cleared for Takeoff

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    Or just invest in an aviation company — that way, you can go broke without having to get up early every morning.
     
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  21. weilke

    weilke Touchdown! Greaser!

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    If renting out single family dwellings was a highly profitable business, one of two things would happen:
    - the government would make it illegal
    - Goldman Sachs would own all of them
     
  22. Crashnburn

    Crashnburn Cleared for Takeoff

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    Is there a difference?;)
     
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  23. weilke

    weilke Touchdown! Greaser!

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    No.
     
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  24. hindsight2020

    hindsight2020 Final Approach

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    Bingo.
     
  25. wsuffa

    wsuffa Touchdown! Greaser!

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  26. weilke

    weilke Touchdown! Greaser!

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    This is about developing communities of rental homes in the UK.

    Yes, when the residential market tanked in 2008 (and to a lesser extent 2020), some institutional investors in the US got into the business of buying up rental real estate. But that was a play taking advantage of temporary market conditions.

    There is a reason the big residential landlords only do apartments or dense developments of townhomes.