Looking for places to sock money
02-09-2011, 03:39 AM
#1
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Looking for places to sock money
I think I've got the basics covered:
- Max out company's Roth 401(k)
- Max out HSA
- No cc debt
- No mortgage
- No loans
I think I can sock away another $10K ($5K each for me & the wife) into Roth IRA.
I've started buying Schwab ETFs (free buy/sell with Schwab) as a way to park some cash (and play a bit), but the remaining cash stays in savings account earning a paltry 1.1%. I've also been buying RMB but mainly for living expenses while I'm on duty here and there's an annual limit to how much I can buy.
Any suggestions? Looking for relatively liquid & safe investment choices since I'm fairly aggressive with my 401(k)/IRA already.
- Max out company's Roth 401(k)
- Max out HSA
- No cc debt
- No mortgage
- No loans
I think I can sock away another $10K ($5K each for me & the wife) into Roth IRA.
I've started buying Schwab ETFs (free buy/sell with Schwab) as a way to park some cash (and play a bit), but the remaining cash stays in savings account earning a paltry 1.1%. I've also been buying RMB but mainly for living expenses while I'm on duty here and there's an annual limit to how much I can buy.
Any suggestions? Looking for relatively liquid & safe investment choices since I'm fairly aggressive with my 401(k)/IRA already.
02-09-2011, 06:14 PM
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Originally Posted by rob-2,Feb 9 2011, 06:31 PM
Start investing internationally, buy gold and silver.
02-10-2011, 04:15 AM
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Another idea I think I've mentioned before is investing in NFA-Registered transferable fully automatic firearms.
As of 1986, civilians cannot buy automatic weapons in the US, but there was a registration program before the act went into effect that allowed existing owners to register and keep theirs. Properly registered, those firearms are still able to be sold and transferred. Values have steadily risen for 25 years.
And even if it never went up in value, you still have a fully automatic firearm. And how awesome is that!
Andrew
As of 1986, civilians cannot buy automatic weapons in the US, but there was a registration program before the act went into effect that allowed existing owners to register and keep theirs. Properly registered, those firearms are still able to be sold and transferred. Values have steadily risen for 25 years.
And even if it never went up in value, you still have a fully automatic firearm. And how awesome is that!
Andrew
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02-10-2011, 04:35 AM
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Originally Posted by smurf2k,Feb 10 2011, 03:08 AM
lmao
and also, while this is in no way constitutes an endorsement or advice, i think now is a little late to get on the metals gravy train
disclaimer: i have a short on gold
1.1% is good yield for liquid and safe... yield, liquidity, risk..pick 2
and also, while this is in no way constitutes an endorsement or advice, i think now is a little late to get on the metals gravy train
disclaimer: i have a short on gold
1.1% is good yield for liquid and safe... yield, liquidity, risk..pick 2
I think I'll go ahead and buy more RMB...
02-10-2011, 07:01 AM
#10
Originally Posted by magician,Feb 9 2011, 08:14 PM
International gold and silver. Much better than the domestic stuff.