Need Financial Investment Advice ...
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Joined: Jul 2004
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From: The Colony, TX
How long are you planning to keep this money in whatever you decide to go with? How much risk are you willing to assume? Mutal funds are generally a fairly safe investment to make, as are bonds, but the returns will not be anything fantastic.
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Joined: Jun 2004
Posts: 38
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From: St. Petersburg
hmmm, i talked to my manager at work yesterday about annuities (i work at a bank) and basically, better rates than CDs, tax deferred, and you can take so much out each year with out penalty... they are selling huge for him because of the fax they are tax deferred. i'm waiting for my lone CD to come up so i can invest in one.
Tim
ps. i'm just a CSR at a bank... not a financial adviser, read what i say at your own risk...
Tim
ps. i'm just a CSR at a bank... not a financial adviser, read what i say at your own risk...
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Joined: May 2004
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From: Vienna, VA
you could also do index funds, which are non-managed mutual funds simply owning all stocks in a particular index. When the index (such as Dow, S&P, Russel2000, etc) goes up, so does the fund and vice versa.
Since they are nonmanaged they move with the market. a mutual fund on the other hand, is managed, so a savvy fund manager can change proportions of the holdings to beat market returns in an up year, or lose less than market in a really bad year. The ones BBY2ks2k mentioned are good choices.
An annuity may be a good idea, but they still have a built in rate of return, and it is often the person setting up the annuity that makes out better. I still say a mutual fund.
When you start to feel really savvy, you can open an etrade account (or similar). You can still buy into mutual funds this way and you can try your luck in the market.
Since they are nonmanaged they move with the market. a mutual fund on the other hand, is managed, so a savvy fund manager can change proportions of the holdings to beat market returns in an up year, or lose less than market in a really bad year. The ones BBY2ks2k mentioned are good choices.
An annuity may be a good idea, but they still have a built in rate of return, and it is often the person setting up the annuity that makes out better. I still say a mutual fund.
When you start to feel really savvy, you can open an etrade account (or similar). You can still buy into mutual funds this way and you can try your luck in the market.
Thread Starter
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Joined: May 2002
Posts: 1,147
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From: Houston
Thanks for all the advice.
I will have to look into each of the areas mentioned here. The money I invest I can afford to loose. I know I have to weigh the risk vs return, just trying to see how others are doing and try to duplicate those steps.
I'm opening a Scottrade account to do some buying/selling in the market.
I however, would also like to put money somewhere for a period of time (ie 5 to 10 yrs) and can come back to it with a reasonable return. Sounds like mutual funds is the best for this.
Thanks again.
I will have to look into each of the areas mentioned here. The money I invest I can afford to loose. I know I have to weigh the risk vs return, just trying to see how others are doing and try to duplicate those steps.
I'm opening a Scottrade account to do some buying/selling in the market.
I however, would also like to put money somewhere for a period of time (ie 5 to 10 yrs) and can come back to it with a reasonable return. Sounds like mutual funds is the best for this.
Thanks again.