100k of home equity to invest....how would you invest it? |
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Premium Bonds? |
Ive heard about them, but does anyone think they are any good. Have you ever won anything on them, if so how often do u win.
How much money do u have to have in there minimum before u start ... |
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I just recently came into a little amount of money. Not much. A little over $1,000.
I dont want to just spend it. I want to invest it. Any tips?
I was thinking about a CD at my ... |
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RE: Direct Deposit? |
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Should I sell my Northern Rock shares ? |
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Is there a (relatively) safe way to double my money in 6 months or less? |
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What would be the best way to invest (expand/make a profit) if you had $35,000? |
Start a business? Realtor ladder? State your answer and why! (perhaps from personal experience with a similar start of money..) 10 pts! :) thank you Additional Details Edit:
I'... |
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I have got £100K to invest. Where shell i invest for higher return? |
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Whats a good book to get to learn about stocks for a beginning investor? |
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I have 30K extra money, how should I invest it? |
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shaklee.net/amy_wass... | Investing for a baby? |
so i've started putting $50 in savings account every month for my daughter, she's a few months old, but should i just let it sit in the account until she's 18 or maybe a savings bond (i don't really even know what one is) what are some good safe options, maybe a CD? |
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just_my_02c_worth
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I would consider starting a 529 plan. Try to use a well established broker, such as Fidelity.
A 529 plan is an education savings plan operated by a state or educational institution designed to help families set aside funds for future college costs. As long as the plan satisfies a few basic requirements, the federal tax law provides special tax benefits to you, the plan participant (Section 529 of the Internal Revenue Code).
529 plans are usually categorized as either prepaid or savings, although some have elements of both. Every state now has at least one 529 plan available. It's up to each state to decide whether it will offer a 529 plan (or possibly more than one), and what it will look like. Educational institutions can offer a 529 prepaid plan but not a 529 savings plan (the private-college Independent 529 Plan is the only institution-sponsored 529 plan thus far).
Have fun |
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w@rper
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Savings bonds are always a good idea. Talk to someone at your bank about all your options - they'll be able to work out something that's just right for you. |
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littleman
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Contact a financial planner, but maybe a 529 would be a good idea. Right now, with the market as volatile as it is, a savings account isn't a horrible idea, but there is beans paid out on a return in savings.
I'd think long term and maybe even a CD or a money market account would be good too. |
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Edwardluver
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do savings bonds they add up fast |
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Nikki
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I think what you are doing is a great idea. If you don't need the money right away leave the it in the account and use it when you really need it or keeping it in the account until she's 18 is not a bad idea. |
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Joe T
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The worst thing you can do is let it sit in a savings account, even a CD is a poor choice since these options don't even beat inflation. Since I'm sure you want the best for your child, no matter what the goal (college, a car, etc.) check into a 529 Plan, or put away into your own 401(k) or Roth IRA to pay for her college. There's no penalities to pay if it's for her college tuition. Whatever you decide make sure it pays above inflation, or above 3%. I'm sure you'll find many options and remember you can be a little aggressive since it's in 17 or 18 years away. Good luck, I'm sure you'll be a great mom. |
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bluechampion100
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no........... |
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Don
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I will list a few options you might consider. Look at them all closely and make an informed decision.
A 529 College plan might be appropriate, if paying for college is a major concern you have for your daughter. If you are looking at putting her on the road to financial freedom when she reaches a very young age, you might consider opening a retirement account for her. You, of course, would be the custodian until she reaches legal age.
Another option, is opening a DRIP Plan for your daughter. Most investors are not even familiar with these plans because brokers seldom recommend them because of the low commission they receive.
They are inexpensive and easy to start. New investors to the stock market should definitely consider a DRIP Plan.
Companies like Toyota, Royal Canadian Bank, Sony, Bank of America, General Electric and many other Blue Chip
Stocks can be purchased through your DRIP Plan, with as little as 1 share in most cases.
These long-term plans are great for beginners as well as veterans. Check them out.
Best of Luck |
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Unknown Soul
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Savings accounts are good |
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this really sucks..
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savings account |
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sanbox69
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mutual fund - she's young, you have plenty of time, stocks will give you the best return in the long run |
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Willie W
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take it out only when she need it and yeah you should let her get it out until she is 18 thats a good idea |
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