Amerco (NASDAQ:UHAL) has reported earnings for the quarter ending 6/30/2019. The earnings are pretty darned good as the company had net income of $132 million on $1.079 billion in sales. We are not going to write much on this as those that have an interest can read the results here.
We mention this because of the Uhaulinvestorsclub, which is an alternative investment for income investors, such as those that frequent this website.
We personally have 2 IRA accounts that we started with Uhaul last year and have been funding with new money in the IRAs. The returns are not large–3% to 6% depending on what you desires are, but for us, now with about $15,000 in the accounts it is just another way to diversify with a reasonable level of risk. We may go as high as 5-10% of our assets in these notes.
Clicking here will take you to an earlier writing on the Uhaulinvestorsclub and for newer readers with an interest in an alternative income investment it might be worthwhile to see the earlier recap.