 Should we invest or pay off our debt? |
| My husband and I are coming into around 100 thou dollars in a few months. Right now we have quite a bit of debt including almost 30 thou in credit card debt at between 20 and 25% interest as well as ... |
|
 If you had 1/2 million dollars to play with, what would you invest it in at age 42? |
? I'm pretty agressive myself.
Additional Details
i use term play loosely...i'm an investor but very agressive.... |
|
 Are we really replacing dollars with coins? |
| I heard we are getting rid of dollars and having to use coins instead. I do not think no fair of this!... |
|
 I have $10,000.00 cash that I would like to invest, but unfortunately I don't know much about investing!? |
| I just became a first time mother and it hit me that I need to invest my money wisely for my daughter's future. I get really confused trying to decide the best way to invest my money. Long ... |
|
 Where does money grow? |
| I know that money doesn't grow on trees. But it has to grow somewhere, right? So where does money grow?... |
|
 Is this possible???????and has anyone ever done this????????? |
| If i took out a loan from one bank for one million pounds,would it be posibble to withdraw the full ammount and open another account with the same funds and make an initial proffit on the interest ... |
|
 Where to invest my money? |
| I have got about 3k to invest, what shall I invest it in?... |
|
| How should I invest my $50,000.00 cash? |
| I have $50,000.00 and I want to invest it. I don,t know what to do with it! Thanks.... |
|
 Do you have any advice for starting an IRA in addition to my 401K? |
I need a company that doesn't require huge minimums but still has good returns, does anyone have a wells fargo IRA??
I would probably be starting off with like $150.00 a month ... |
|
 How many late 20 somethings do you think are saving for retirement? |
| I have started saving a couple hundred for retirement and want to know if i am ahead of the game or not? 30%, 50%, etc.... |
|
|  |
beautiful bird | What should I do with $20,000? I would like to invest and make money... but mostly short term. Any advice? |
|
 |
 
Jack B
 |
I am taking a break from studying for my Estate planning class. As a financial planner, I would suggest that any money you might need within five years should be kept in a money market account or savings account with an online bank or in a short term CD. If you do not know exactly when you need the money, then the money market / savings account with an online bank would be a good bet.
Through April 30th, 6% rate is available at the url below. This is the best rate available at this time:
http://www.us.hsbc.com/1/2/3/personal/savings/online-savings
If you want to look for other banks and see what they offer:
www.bankrate.com
Jack |
|
Greg S
 |
TREASURIES!, they are guarnteed, and not bad yields...for the short term only! |
|
Sarge1572
|
How short?
60 and 90 day CD's pay the highest interest from banks. I just made 6% on 90 day CD's.
Mutual funds are a good investment because they are diversified. But the best investment you can make is real estate. I don't know what state you live in, but if you can buy a small house and rent it out, you will make appreciation onthe property plus rent. You also get the benefit of all of the tax deductions allowed for rental property. I just sold my last rental property last year. A 20 year inverstment (I sold property every 5 years and bought new property) of $10000 gave me a gross return of $300,000 plus the tax benefits. One house bought with qoK down. Sold, bought 2 houses, sold bought me an apartment building, sold and bought me a bigger building. sold and retired.
Think about it. real estate is a better investment than the stock market, cars, vegas. It never goes down in value, and you can't make any more of it. Just remember, location location location. Just because you wouldn't live there doesn't mean it won't rent.
good luck. |
|
me
|
invest all the way.you never know when you will have a need for money fast so yeah save and invest |
|
QandA
 |
Open a Roth IRA for your retirement if you don't have one already. If you act before April 17 you can make a full contribution for last year ($4000) and you can make a full contribution for this year for an investment of $8000. Put the rest in a high yielding savings account for short term use, you can find rates around 4-5%. |
|
hailfeal
|
flip a house |
|
ebayphilanthropy
 |
Don't listen to the old adage of, "SAVE, SAVE, SAVE!!!", as TLB101 said earlier on, with the, "by the time you retire that 20K will be about 1M...". Thing is this... today $1M isn't enough to last a YEAR, considering what even a smart investor will spend it on, especially if you need to buy a new house, cars, etc... won't last a lifetime like it used to, even in the bank. If you are in your 20's NOW, ten by the time you are of retirement age, $1M, with inflation, and future wages will be practically worthless... a 2 bedroom house in the bronx will be about a million by then. DON'T save it... invest in HIGH RISK, HUGE PAYOFF items, like penny stocks, IRAQI DINAR (which is quite logical really, if you truly have $20K to possibly spend, because the possible outcome could be you becoming a multi millionaire in a very short time), or hedge funds. The more logical, yet risky investment(s) would be penny stocks, which I am involved in. It's highly volatile, but if you research which companies you are investing in, that is, what products they are producing/services they provide, you can make pretty sound decisions.
Keep in mind that most any "investment" whether short term or long term, are RISKS/RISKY, as you have no idea of actual/potential profit margins. It's great to ere on the side of caution like MOST people do and NOT do the Iraqi Dinar investment (once in a lifetime opportunity), nor the penny stocks (highly volatile), or any other investment. Also keep in mine, MOST people are not considered by any standard(s) to be "wealthy". So, don't take their advice. Take the advice of someone who has actually made substantial windfalls investing WISELY (me). The operative word being, WISEly. Think before you invest, and always get more than one opinion, ask for second, third, fourth, fifth, so on and so forth.
Here're 2 Great links to how $1 Million isn't what it used to be, and the Top 10 Reasons why you aren't "rich".
http://biz.yahoo.com/ap/070320/business_of_life.html?.v=2&.pf=banking-budgeting
http://biz.yahoo.com/ts/070322/10345796.html?.v=1&.pf=banking-budgeting |
|
cvegas229
|
diversify, spread your money into accounts with high yielding interest rates like ING.com for short term. Or you can ask your local bank for an advisor and they will help. |
|
tomthepawpaw
|
Whatever you do with the money, the greater the reward, the greater the risk. There is no guaranteed investment strategy. Also if you are looking at short term gains, you could also be looking at a higher capital gains, even if the gains weren't that much. |
|
Virgo27
 |
Invest in options and commodities. |
|
Ted
|
Just give it to me, I'll take care of it :D.
Wow, I am laughing with the responses you get, from buying house, commodity to restaurant!
Investment options varies based on your risk level, investment experience, total assets you have, your income, time frame and amount available.
Generally speaking, If you have less than year then best bet is to keep in Money market, however do not expect the interest rate to go up, it will more likely come down a bit after summer. If you have over a year to five year time frame than look for some bond funds or you can also diversify portfolio with some value funds.
Feel free to contact me if u need help. |
|
Club_obi_wan
|
Until you decide what to do, open an account with paypal and let the money sit there, you'll earn 5.02% per year on your balance, paid monthly, it's about $80 per month, then find a good mutual fund or exchange traded fund somthing safe like utilities and set it up with dividend reinvestment to compound your return, here's a link, finance.yahoo.com, and search mutual funds by type, then go to profile and click to view the top performing mutual funds. |
|
gravedigger2u
|
Try setting up C.O.D.'s or any investments that the banks may offer.Find out if they carry plans that will pay you while you're investing within their businesses.Once you have that part taken care of,invest in buying up a small acre of land.Build commodity property on it,lease it to second or third parties,flip those,buy more land,repeat on building or leasing or doing both even(while having banks and lawyers in your corners to take care of the nessasary paper work for you as you repeat these steps).And all the while you should have the second and third parties paying most of the costs through all the leasing payment plan options availible to you so you can take care of any other bills or land tax payments made on your behalf,and still gaining profits for yourself in the meantime.Another way is forming up your own internet web sites for marketing off items over the internet,by buying at wholesale or cheaper rates,then selling them at 10% or more than what you purchased the items for.So between banking/business,real estate,and internet doing trade service investments with you,or you could use all assets above at the same time to profit from whichever you start out with first.Internet and Real Estate usally would pay off on a month to month basis,where Banks/Businesses/Government would usually pay 1-10 years for short term investments.You can decide what works best for you by discussing all these options with a financial advisor. |
|
sloth15
|
The market is volatile right now, and not a safe bet to make gains on a short term investment anyway. If you are looking for something truely short term I would suggest You look into a CD with a term of 6 months or a year. There is no risk, and you know exactly what your rate of return will be. |
|
rowanwagner
|
Most of your short term options - safe one will be certificate of deposits - not necessarily the most profitable because of the low risk but will earn more than a regular bank account. I would suggest you start looking a developing an investment strategy with a longer view - you could park some of it in government bonds or US treasuries for a bit more interest but with still a low amount of risk - I would avoid stocks until you have a better understanding of investments - keeping that 20k as working capital cushion to build for a significant purchase such as a house or land - use your employer's retirement options such as 401k as your longer term investment strategy and as gain more knowledge look at further diversification of your portfolio |
|
Skyhawk
 |
VEGAS!!!! |
|
The Scorpion
|
I don't think a short term look at making money is the right approach. If you have a lump sum of 20 grand, take advantage of that and put it in a solid mutual fund and turn it into big money over time. |
|
Heinz M
|
Everbank pays 4% on checking account deposits. |
|
tlbs101
|
Before you go short term, think about this.
If you are mid-20's, and put your money into higher-risk high growth mutual funds (example: fidelity contrafund II), you can expect over the long run, returns in the 10 - 13% range.
By the time you retire, that 20 grand by itself, will be about 1 million dollars.
If you are early 30's that 20 grand will be 500,000 by the time you retire. Late 30's -- 250 grand. You get the picture.
I tell kids fresh out of college -- do NOT buy that 20,000 automobile, and then I show them the math of how they can take that same 20,000 and be millionaires when they retire -- independant of any other 401k, IRA, social security, or company retirement plans they may get along the way.
. |
|
tyates999
 |
High yield savings account, like HSBC. If you invest in anything else, you'll take on too much short term risk. For example, if you buy a few average stocks and hold them just for a month, you'll have just about a 45% chance of losing money. But if you hold a stock for five years, your chances of losing money go down to about 5%. |
|
mike p
 |
Put that as a down Payment on a 2 family house, and rent out the first and second floor for $1400 each and the basement for about $700, thats $3500 per month income, and u own a property and making rent money monthly.
i hope that helped. |
|
linkin
|
If you're going to keep it invested more than 5 yrs, put in a good growth & income mutual fund averaging at least %12 over a 10yr period or longer.
If it's going to be less than 5, I would just put it in a money market acct. |
|
TwilightLova5215
|
you can buy a resturant
have your kids work so they can make money
invest
save money for kids collage |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
23 | 22 minutes(s) ago
| | | |
23 | 46 minutes(s) ago
| | | |
23 | 50 minutes(s) ago
| | | |
23 | 56 minutes(s) ago
| | | |
24 | 3 hour(s) ago
| | | |
23 | 7 hour(s) ago
| | | |
22 | 10 hour(s) ago
| | | |
22 | 1 day(s) ago
| | | |
22 | 4 day(s) ago
| | | |
21 | 1 week(s) ago
| |
|
Homepage 
Financial
Forum 
Investing 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
