I’m looking to invest in something with slow, steady returns. The S&P 500 is an obvious choice, but I’d like to explore other options.
One idea I’ve been considering is turnkey rental properties (like out-of-state rentals managed by a property management company). My main worry here is that real estate might be at a peak right now. Also, the companies offering these rentals usually add premiums, so I’d end up paying above market prices, especially with current high interest rates. Just doesn’t feel like the right timing.
I could look into buying a local rental, but I’m in California where the laws are very tenant-friendly and home prices are sky-high.
Right now, I make 5% with no risk in a high-yield savings account. Do you all have any ideas that might be better?
Skylar said:
Investing in yourself is always a good bet. Books, courses, workshops… if done right, the ROI is amazing.
Absolutely! It’s not just about education. Improving your life in small ways—like better sleep, health, even taking time for mental health—can make a huge difference.
Rental properties can be a good investment, but they carry a lot more risk than an S&P 500 index fund. I’d only consider it if it’s local, landlord-friendly, and you enjoy the hands-on work.