What's a good investment newsletter? |
| i've been reasearching investment newsletters and there are just too many to choose from. does anyone subscribe to a newsletter they are actually satisfied with? Like happy with their returns? ... |
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What would you or do you invest in.? |
| Gold, stocks, or something, idk... what would you invest ... |
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In the stock market business, what else determines the price of a share besides the demands for the shares? |
Does the profit of the company, popularity of the company's products, the selling of the products, the welfare of the company, etc. help determine the price of a share?? Additional Details<... |
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How to take profits in the stock market? |
| When the market drops a reason that is given sometimes is that the dealers "Took Profits, or "profits were being locked in." This is OK to do providing you have something else to buy. ... |
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Are half dollars worth a lot? |
| I have eight, half dollar coins from 1964, are the worth anything?... |
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Last july Ben Bernanke told us? |
| that the sub prime debacle would not filter into the rest of the economy, now he tells us that the housing meltdown has bottomed out, are we to believe anything this guy tells us?... |
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What shares are best to buy on the Stock Exchange? |
| I need to get information on shares on the London Stock Exchange. Can you please help me. Thank you!... |
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Is my money save in the Bradford & Bingley? |
5 yrs ago, the wife and I put £30K in a 5 yr fixed rate bond in the B&B.
In about 6 weeks the 5 yrs is up and the bond matures.
The combined Net interest for the 5 yrs comes to about £... |
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I am looking to invest some money should I go with a savings account or invesment account? |
| I have some money that I would like to put away for use a couple of years down the line and don't know if I should go with a financial consultant or just open a savings account at my bank?... |
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I want to invest in FOREX.. Can you please brief me about Forex? |
| Please tell me more about Forex.. Is it buying one currency and selling one currency?.. am confused.. Plz guide ... |
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Link | A family friend gave me $15,000 for my daughter...? |
How can I invest it so her greedy mother doesn't find out about it...and demand the money be given to her... we share custody |
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Net Advisor
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1. "A friend" gave you $15,000? What kind of friend gives away $15,000? And the "friend" expects nothing in return? I'd say that is a good friend.
2. First you need to be aware that you are subject to the Gift Tax Rule.
http://www.fairmark.com/begin/gifts.htm
3. If i recall correctly (double check) when you deposit $10K at a time in a bank, it will be reported to the IRS under the Patriot & Anti-Laundering Act.
http://www.irs.gov/businesses/small/article/0,,id=148821,00.html
An older act, The Bank Secrecy Act of 1970 "requires financial institutions to keep records of cash purchases of negotiable instruments, file reports of cash transactions exceeding $5,000 (daily aggregate amount), and to report suspicious activity that might signify money laundering, tax evasion, or other criminal activities."
http://en.wikipedia.org/wiki/Bank_Secrecy_Act
4. You will want to discuss this with a family law expert. depending on the law in your state, you may be required to disclose this as "income from other sources" when it comes to child support and or required income disclosures by the Court.
5. Once the legal and tax issues are handled, here is what I would do with the funds depending on the age of the child. (Assuming under 15).
A. College IRA
http://www.bankrate.com/brm/news/advice/college/20080414_roth_college_funding_a1.asp
B. "Dollar Cost Averaging" using major index funds such as:
S&P 500 Index
http://en.wikipedia.org/wiki/S&P_500
Mid Cap 400 Index
http://finance.yahoo.com/q?s=^MID&d=t
Russell 2000 Index
http://www.russell.com/Indexes/characteristics_fact_sheets/US/Russell_2000_Index.asp
About: "Dollar Cost Averaging"
http://en.wikipedia.org/wiki/Dollar_cost_averaging
Good Luck! |
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Adelina
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If you and her mother are divorced, then the money is yours and has no relationship to her mother. Unless you are paying child support and you think the mother will try to get more money if she knows that you can afford it.
Either way, you can open a trust account with your daughter as beneficiary and you as trustee. You will have control of the money until your daughter turns 18/21 (depending on the state you live in). Then she will own the trust money that she can use for anything.
You could also put this money into a 529 plan and save for her college education, only once you put the money into this type of account she can only use it for college (otherwise there is a 10% penalty on any gains, but not the principal). This way, the money would be in your name, not your daughters, and even when she does turn 18, you would still own the account (but could only use it for her/her relatives, education expenses). This is better way to go than a trust when it comes to getting financial aid for college, since the money is considered yours and parents are expected to contribute a smaller percentage that students toward their education. |
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loyalove2006
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Marvin the Martian
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I'd recommend visiting a Certified Financial Planner and a Lawyer. |
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PhilbertFlange
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Speak with a lawyer about keeping the money safe from the girl's mother, and speak with a CFP (certified financial planner) about investing it. |
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Stockwillrise
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Buy the stocks i tell u to buy and sell when i tell u to sell. If u follow my advice u will triple your money and you will be able to give the greedy mom $15,000 and u will stillhave 30,000 for the daughter. |
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johngrenn
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i will advice you to keep some part of the money in bank and try the rest on hyip(high yield investment program) so that it can fetch you good returns within weeks.
goto www.makemoneywithhyip.blogspot.com so that you can get those that are paying on time... |
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gnarlynessthesecond
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just put in your daughters bank account one of those accounts that she can't touch tell she's eighteen. |
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