$10,000 to in Invest. Where should I start?

[Non Sequitur]

10k to 10.5k? $5,000 a year is good for me.

10.5k would be 10,500, not 15,000.

 

[SuburbanPimp]

don't touch CDs, they're yielding less than 1%/year. Unless you are that conservative. Look into mutual funds and ETFs.

My friend is in CDs and I just got back double digit returns in the stock market. I'm not sure I'd get into the market until this quarter is over though.

Yeah everyone I have talked to about possibly going into the market have all said to wait until after the new year.

I've noticed that the interest rate for CDs has been declining over the last 2 years especially. But less than 1% I'm conservative but shyt thats damn near a waste of time and energy

Makes those EFTs look alot more attractive

10.5k would be 10,500, not 15,000.

My bad, I knew he meant $500. Hell if I could get $5000 a year of a 10k investment I wouldn't do shyt else but that over and over again

 

[rastafarwrite81]

so much fail in this thread.

to the dude that said invest in laddered cds....kill yourself. Cd's are not yielding the 5% returns they once were, so investing in cd's is a great way to not only lose purchaing power over time but also lose money ala taxes.


to be honest you should invest in the spdr sp 500 etf. it gives you diversification, low fees, and the fund itself tries to mimic the actual sp 500 return.

 

[SuburbanPimp]

so much fail in this thread.

to the dude that said invest in laddered cds....kill yourself. Cd's are not yielding the 5% returns they once were, so investing in cd's is a great way to not only lose purchaing power over time but also lose money ala taxes.


to be honest you should invest in the spdr sp 500 etf. it gives you diversification, low fees, and the fund itself tries to mimic the actual sp 500 return.

Lol, I don't think the laddered CDs is a terrible idea, but after reading and seeing how low the interest rates are on them now. I can see where you could basically be just breaking even after you factor in the taxes or other fees.

I'm a check out that ETF because I'm pretty sure I'm going to invest in a couple of those.

I appreicate everybody's feedback alot...

Does anyone know much about Forex Accounts. I see some people are doing well with those.

 

[rastafarwrite81]

Lol, I don't think the laddered CDs is a terrible idea, but after reading and seeing how low the interest rates are on them now. I can see where you could basically be just breaking even after you factor in the taxes or other fees.

I'm a check out that ETF because I'm pretty sure I'm going to invest in a couple of those.

I appreicate everybody's feedback alot...

Does anyone know much about Forex Accounts. I see some people are doing well with those.

listen, your first mistake was coming on the-coli and soliciting advice about finance from the dolts on here. Do not, I repeat DO NOT try to get involved with alternative investing strategies. Why? Because you will certainly lose your money.

That means, no options and no forex. Stick with the market. You wanna limit risk but continue to have upside growth potential? Invest in Large Caps mutual funds. Simple as that.

Now, if your not comfortable with investing by yourself, get a Financial Advisor involved. Contrary to what people think, advisors have no say so in what funds or investments are apart of portfolios they recommend.

edit:

The laddered cd is a terrible idea. The only time cds should be used is if you plan to use the funds within 6-12 months, typically liquidating an estate or buying a house.

Cd's do not keep pace with inflation and their rates are fixed, so if interest rates rise,.

Now, if you only want cds, you can get a variable rate cd that is usually tied to a basket of individual stocks. Those cds are FDIC insured and you stand to earn more interest than you would on a fixed

 

[DSGB]

You mentioned 6 months. That's a terribly short time frame for investing. I would see say short-term CDs but those rates are horrible right now.

Without knowing your debt situation, paying off debt is probably a higher rate of return than anything for the next 6 months. BTW. Do you have a 6 month emergency fund?

 

[tnprince1005]

*scribes

 

[It Takes A Nation...]

start a brothel

One never went broke that way.

 

[88m3]

CD's are a waste of time.

ETF/Mutual Funds. I've been staying out of the market but that's me

Bonds longterm


Do you own your own home?
Would you be interested/able to buy an investment property and renting it out?

 

[SuburbanPimp]

listen, your first mistake was coming on the-coli and soliciting advice about finance from the dolts on here. Do not, I repeat DO NOT try to get involved with alternative investing strategies. Why? Because you will certainly lose your money.

That means, no options and no forex. Stick with the market. You wanna limit risk but continue to have upside growth potential? Invest in Large Caps mutual funds. Simple as that.

Now, if your not comfortable with investing by yourself, get a Financial Advisor involved. Contrary to what people think, advisors have no say so in what funds or investments are apart of portfolios they recommend.

edit:

The laddered cd is a terrible idea. The only time cds should be used is if you plan to use the funds within 6-12 months, typically liquidating an estate or buying a house.

Cd's do not keep pace with inflation and their rates are fixed, so if interest rates rise,.

Now, if you only want cds, you can get a variable rate cd that is usually tied to a basket of individual stocks. Those cds are FDIC insured and you stand to earn more interest than you would on a fixed

I don't think its a mistake bring the questions here. I just wanted to get some opinions from people who don't know me and don't have their own interest in mind. It never hurts to get more input and I know some Coli cats have a lot of good information.

I hear you on the alternative investing, I just wanted to see if any was familar with Forex...

I mentioned 6 months but in reality this money can sit from 5-10 years. I'm just not a big fan of having a lot of money that I won't have access to though. We still have will have additional 20k, 5k will be used to erase our remaining debt. 5K will probably go home repairs and upgrades. Then 10k will probably go to long term savings.

Then will have this 10k at my disposal so I can take some risk but I rather just make small to moderate gains with low risks.

I'm not to the type to buy some rims or speakers for my ride, or buy a bunch of flat screens, MacBooks and shyt like that. I'm more interested in just being comfortable and being able to buy things when I want without having to check my bank balance first

 

[SuburbanPimp]

CD's are a waste of time.

ETF/Mutual Funds. I've been staying out of the market but that's me

Bonds longterm


Do you own your own home?
Would you be interested/able to buy an investment property and renting it out?

We just bought a house 2 years ago....

I would be interested in an investment property if its the right one. My wife's Dad bought a house to rent out about 3 years ago and it has seemed like quite a headache for him. He fixed and replaced or repaired damn near everything thats in that house and I don't have the time or the skills for that.

 

[Lord Vile]

do you have any aspirations of the entrepreneurial persuasion?

Or you looking to just sit back and watch it grow.

I have a business venture you can hook into, Chicanos Against Social Harassment, our main revenue source will be coming from t-shirt sales. We need seed money.

You can mail a check directly to me and please make the check out to the abbreviated company name C.A.S.H.

Well Done

 

[It Takes A Nation...]

Well Done

I like that screen name, Lord Vile.

 

[Brown_Pride]

Well Done

+rep if you get the TV show i got that from

 

[Lord Vile]

+rep if you get the TV show i got that from

I was gonna google it, but why lie...