 What is the best type of IRA to start for tax breaks, Roth or Traditional? |
| I am from Iowa and have about $1000 dollars to contribute. any good sources or companies for starting this IRA would be appreciated.... |
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 Why invest in bond funds when you can invest in a few CDs with a likely similar return? |
| My broker keeps talking up bond funds. But I still can't see what they have to offer over buying a few CDs with different maturities. When I look at the return for bond funds they all look ... |
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 ************** How would you invest 10k for good profit? *********? |
Got it on a 4.65% interest rate (gross) flexi saver but not happy with it. No FOREX, and I dont want to put it on 10% p/a fix without touching it. Is there another way of making some profit?
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 Scottrade, Etrade, Fidelity, Ameritrade, etc etc? |
Which online stock trading service is the BEST and which is the most beginner friendly?
I have no stock trading experience and I have a very limited budget to invest.... |
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 Most trustworthy investing company? |
how can one invest in mutual funds and stop the broker from churning the funds for his own benifit?
Additional Details
the Q is asked in yahoo india...so am asking about indian ... |
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 I want to invest some money in something other then mutual funds.? |
| I had some cash in fixed deposit, the term is over and i want to invest in something that will give me decent return. Any help would be appreciated ..thanks!... |
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 Can I buy euros on the stock market? |
| Can I put my money into euros like, as a stock, so to speak? Like can I enter in a symbol for them and invest money into them? Convert my dollars to euros....... |
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 Is time and money the same thing? |
Additional Details
No offense, but none of these answers helped me...
you guys vote for whichever satisfies ... |
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mrscmmckim | Would it be better to set up a bank account or buy U.S. savings bonds for my new grand daughter? |
I want to do something for her that will help secure her financial future. My health isn't all that great so I might not be around to see her grow up so I want some way to let her know I care.
Additional Details
I love all the answers and am still undecided but now have about a grand to get started.....putting it to a vote should help me decide.
Thanks all! |
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trade_info
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treasurydirect.com ... simple, effective, inflation protection ... she wont have to pay taxes on the money for 30 years and then it is still state tax exempt. currently pays 6.73% and is direct obligation of the US.
and the answer is:::: IBONDS |
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Frank Castle
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I suggest you to open a brokerage account in ameritrade.com and invest in the stock market for the long term.
By the time she is going to college she will have enough to go to Harvard.
Drop me a line if you need more detailed information. |
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Norm
 |
A very tough question. I think a trust might be better. You can direct funds to her on your death & they can be held in escrow until she is a certain age. |
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Studly
 |
My opinion is not to buy bonds.
The interest rate is around 3.5%.
Consider buying some stocks in a good company, and set it up to re-invest dividens. Make it a fun company too, so your grand daughter will show some interest in her investment.
Take Disney for example. If you had invested around $2 in a single share of Disney in March, 1986..., it would now be earning over $28.
Buy a US Saving bond for $25 and 20 years later it's only worth $50.
Doesn't take a math wizard to figure this one out.
It doesn't take a fortune to do it either. Contact a few brokers and see what's available. |
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Han Solo
 |
The way i see it is; if you set up a bank account the money sits there, unless you are going to deposit money into it every month. Or you can get and Intrest bank account but you have to put in at least a grand or so to get it started and you can't fall below. I would go with the savings bond just becasuse you can buy a certain amount and let it mature until she is old enough to recieve it. Be sure to check and see what the US intrest rate is though, you want to be able to get as much out of it as possible. If all else fails go see the bank and they can help you out. |
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CBB
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Definitely not a bank account. I just looked at all these kids bank account, there are no interest for any amount of money at all. It's like 0.5% a year. I agree with trado_info, I-Bond is good for now, put away the money, no risk, 18 years later, she withdraw and use it on education, she won't need to pay any tax on it. My hubby used his savings bond for first installment to buy his first house. If you want to do extra, do buy her some stocks or mutual funds (529), when she is 18 if she wants to be a lawyer or doctor, she will have some money to support her to do so, don't have to borrow a lot of money. It's good for her. |
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wasdadd
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Buy the savings bonds. They mature in the future, and there is a dis-incentive to cash them in early. If they are held to maturity, they are a reasonable investment. The best thing they have going for them is that they are absolutely safe. You should always make a list of them, the serial numbers, in case they are stolen or lost, like in a flood or house fire. |
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Smartipantz
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I agree with the I-Bond crowd. You can also invest in inflation protected I bonds and hold them in a custodial account. This would mean they are in your name but held in an account for your granddaughter.
Look here for details on how to give Bonds as a gift http://www.savingsbonds.gov/indiv/research/indepth/ibonds/res_i_faq.htm#gift
I bonds are also inflation indexed so you will always earn slightly above inflation. You can't get that kind of guarantee with a bank account.
You could set up a trust, but depending on how much money you are talking about the expense of setting up a trust might eat into your gift significantly. If you can trust the childs parents to leave those bonds untouched until your granddaughter needs them for college the bonds are a good way to go. |
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