X-post from 997 forum: Investing

All of you have obviously done well enough in life to afford a Porsche, so I thought I�d ask you a question about investing. I�ve seen this group be extremely helpful to people who ask questions to learn from others, so I�m hoping to get good insights. Thanks in advance. I was interested in buying a used 993 cabriolet about a year or two ago, but then got moved overseas on an international assignment. So, no P-car until I get back to the US in another 2-3 years. Then perhaps 997S Cabriolet! I have been fortunate enough to save up some money, but I don�t think I�m investing it as wisely as I could be and would welcome any advice. Currently it is all in either Vanguard Index 500 or a couple of other mutual funds. Also a little in a bond fund and a little in an International fund. So, I guess my biggest question is: is it worth it to have your money actively managed? Should I just turn it over to an individual/firm and pay them their commission? I know I�m not able to actively manage it myself (time and ability) which is why I put it all into funds. I think some of these money management firms for high net worth individuals need a $1million minimum. While not there, I�m well on the way � do some of these firms reduce their minimums for bringing in new clients (looking at long-term client potential). Another question I have is real estate. I know real estate can be a great investment and I�ve often thought about owning rental property. However I am out of the country and couldn�t be there to supervise/deal with tenants/etc. Is it worth buying a property and then having a management firm deal with all the rest. I know they generally take a 10% cut, so that�s why I�m a little hesitant. Are there markets where it would make sense: (buy a place with 20% down, have rent cover mortgage and expenses)? If anybody has thoughts on the above I would truly welcome the advice. If you�d rather PM me that would be great as well. Since a little background is probably helpful, here you go: Age: 36 Married, two kids under 3 (college funds set up and investing $7,000 per year each) Max contribution to company 401K No Credit card debt No mortgage (due to company subsidized overseas housing) No car payment (company cars) Basically, in part because of my overseas situation, I am getting more cash per month than I could possibly spend, so I want to make sure I�m investing it wisely � after all, that will help me fund a P-car in the future! Thanks, Corey

FYI...there's an Off Topic forum

Holger, you can't access off topic when you don't pay dues....

I originally tried to post in off-topic forum, but I couldn't access. I thought it was inactive. I now understand it is for Rennlist Members only. I've seen members on this site provide good information to people asking for career advice, etc. I figured I'd ask my inveting question in the hope of similar input. We are all joined by our common love for cars and for P-cars in particular. In fact, I love cars so much I joined one of the Big 3 after business school, where I continue to work (it's what took me to Germany) While I'll certainly need to drive one of our cars to work M-F, Iwant to be able to enjoy a Porsche on the weekend. I apologize if my post causes offense at all - certainly unintend.

Just joined Rennlist: $32 for two years. Don't yet know how to link my new membership to my forum ID just yet, but when I get it to work, will post this in off-topic.

Email Jon or Jenn and they will update your status.

Corey, You really need a financial advisor and CPA. That said, actively managed portfolios more often than not trail the standard indices. There are a number of ways to invest in a mixture of financial vehicles and you should ask your a good financial advisor what the most appropriate ones are for you. How do you find a financial advisor? I found mine through a recommendation from one of my partners. You can do the same with a CPA.

I don't think I can formally close this thread, but I've now posted this in the appropriate place - off topic forum. earlyapex - thanks

You don't need to close it. If you feel you would prefer it in the OT forum then you can ask the admins to move it. Or if you really want to close it should be able to use the "thread tools" at the top right of your first post and in the drop down menu select "close thread".

I'm not offended. It's just that there's a reason that the different forums exist and this one becomes too cluttered with OT stuff at times. Kudos on joining, especially since you don't yet have a P-car. The enjoyment is well worth the price. Looking forward to seeing pics of your Porsche when you get one. It'll be worth the wait, I know it was for me.