lizardbreath
Banned
Anybody know a good SAFE way to invest money and get a good return?
investing?
- Thread starter lizardbreath
- Start date
yeah be smart & wise.lizardbreath said:
what did you see some sort of investing commercial & decide to make a post about it?
some of these guys at svtp see a "Scotttrade" trading commercial & then pretend they trade stocks by posting it here to make their e-status bigger.
WAFFLES, put it all in tasty WAFFLES!!!
(Family Guy
)
(Family Guy
)lizardbreath
Banned
jamz said:
No I was just wondering if somebody here new of a safe way to invest money that I could look into.
Instead you made an "assumption" that I somehow have stocks&Bonds (Which I don't) and come in here acting like a prick.
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figure out your goals first. do you want a quick buck or long term financial security? i think you are 18 or 19 so at this point, investing in an IRA might be your best bet. you obviously don't know enough to play stock trader and i doubt you have the money to be taken seriously by one of the brokerage houses. put 100 or so a month into an IRA or even a mutual fund. when you start to diversify, a good resource is Standard & Poor's Outlook, it has a pretty solid strategy for asset allocation and highlights stocks and sectors that are performing well.
Go to www.vanguard.com and pick a low cost index fund that tracks one of the major stock market indexes. The Vanguard total stock market index fund is a popular one and will pretty much give you returns that meet or beat the index that your fund tracks.
If you don't know a lot about investing and don't want to take the time to learn, this is about as far as I'd recommend you go.
If you don't know a lot about investing and don't want to take the time to learn, this is about as far as I'd recommend you go.
That is a vague question. As pointed out what are your investing goals? What level of risk are you comfortable with? What is your current age and in how many years do you need this money fully available to you? Do you require it for income now? How big is your initial investment and your continuing investments? Are your going to continue to invest monthly or just lump sum yearly?
Those are just some of the questions requiring answers so that an appropriate vehicle can be recommended.
Those are just some of the questions requiring answers so that an appropriate vehicle can be recommended.
PSI87
Banned
jamz said:
I use Scottrade.com, you've got to know what your doing but you can make good money with it. It can be risky, but it can pay very well for doing basically nothing. A few weeks ago I bought BSC at 157, and sold 2 days later at 165 making $895 profit. Yeah, I lucked out but you can follow trends like that and do well. Today BSC fell back to 158 and I bought it back... Like I said, it is risky so be careful.
The online savings accounts like HSBC, Citi, and ING are a lot safer than playing the stock market, and you get a decent return (5-6%). Also, its very liquid so you have access to your funds quickly (something like 3 days to make a transfer). Some will let you open one with just a buck. If you are looking more long term, go with an IRA or 401k through your work.
yeah it sounds like an index fund would be right up your alley, you basically just get the average return for whatever index you choose. I'd probably stay away from the online trading, there is a difference between trading and investing. But do your homework and follow some stocks that interest you and you might just find out its kind of fun.
lizardbreath
Banned
FordSVTFan said:
Well I was looking at getting some nice return but would like to get it in about 3 years or so. I have close to 5,000$ saved and in the long run it would be nice to be able to be financially secure. I'm 21 and I do plan on investing as much as possible so i don't end up in a poor financial situation as some do down the road.
401K, IRA, mutual funds, conservative stocks. I have an account with Charles Schwab with the goal of long term...so i can retire rich!!!! haha, anyway, even if you are looking for quick money, you should always prepare for the future. I also have an ING account with some money for emergencies...like buying my cobra! In all seriousness, diversity is the best way to spread out your money while making money so you don't lose your a$$ if one of them takes a hard hit
YesterdayAgain
Banned
jamz said:i cant wait for Euphoric One to light into you.
no flaming here, it's a harmless enough question, albeit a bit vague. As the others said, an IRA would probably be the best route. Depending on which company you go with, they should have brokers to assist you with your allotments.
Only doing it for 3 years is kind of tardalicious though. Solid investments typically pay off in the long term, not 3 years down the road.
BTW, weren't you broke and trying to pay off like $5k in debt a month ago or something?
PSI87
Banned
Buy stock today or possibly tomorrow. Look at how much the markets have dropped, they should rebound in a big way.
yeah goldman sachs was down like 12 points or so, the financials got hit pretty good.
General Electric stock is always a safe bet. We have around 1500 shares for my son that just keeps reinvesting in it's self. This is his college and cobra fund I call it. I also have been watching carbon fiber markets lately, most of the carbon fiber market is being taken up by the military for body armour and newer lighter weapons.:coolman:
lizardbreath said:
As crazy as this might sound to people, I didn't go for any of my companies investing programs. My pay comes to me with the standard taxes removed. Then I take 25%-30% of that months pay and put it into a standard savings account. Once that account is around $40K, I put it into a CD. My current CD is making, I think 4.74% With the current stock market I feel that this is a good investment, for now. But I am always looking at different markets. I found a bank that gave me a "no penalty for early withdrawal". So if something major comes up, that I need that money, I don't get hit by the bank. I will say finding a bank that will do that is HARD. Good Luck
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