Investments?

[bad coffee]

What kind do you have? what kind of rates/growth are you seeing?

I have a money market that was 5.5%. Over the last year, it's been going lower and lower.

I have a decent chunk o change to work with, so I'm not to concerned about minimums.

Also, do you guys do the work yourselves, or do you have a financial planner?

B

 

[wxl14]

I would get a finacial planner if i where you. Saving is very personal to most poeple. Are you saving for retirement or just saving to save. There are tons of questions that a finacial planner would ask you. I have a 401K and I invest in the stock market a bit. But I like to save for a retirement that is why I choose a 401K I dont need to touch that money. But someone may want to save but have access to there money at the same time just in case something happened. I would definitly talk to a financial planner. Even if you dont take the advise at least to know your options.

 

[fritz]

I put my money out on the street. Sure sometimes you have to take payment in someone's trade or in stuff they sell but it all works out. I try to lend to variety of people this way I have everything covered. Also don't buy into that movie crap. Breaking knuckles and threatening people is hollywood stuff. Just pass word around to someone's loved ones and co workers that they owe money all over town for gambling debts, drugs whatever and they'll pay you quick.

Also fronting the money to run brothels works well to if you can get the right people. I guess fronting the money for anything works as long as you have the right people, but I digress....

 

[masterswimmer]

I put my money out on the street. Sure sometimes you have to take payment in someone's trade or in stuff they sell but it all works out. I try to lend to variety of people this way I have everything covered. Also don't buy into that movie crap. Breaking knuckles and threatening people is hollywood stuff. Just pass word around to someone's loved ones and co workers that they owe money all over town for gambling debts, drugs whatever and they'll pay you quick.

Also fronting the money to run brothels works well to if you can get the right people. I guess fronting the money for anything works as long as you have the right people, but I digress....

Huh? :scratchch

 

[steve614]

Lol

 

[aaron23]

lolllll

 

[Killerdrgn]

breaking thumbs and knees can be a very effective tool for getting other people in line to pay up, not just a hollywood gimmick. passing the word around that their gambling or getting female company isn't actually effective, especially if the people around the guy already know that fact.

 

[Timbo]

Your not going to see good rates on mm or any other type of savings account for a while. It is a tough market right now and it will be hit or miss if you are going to invest. I work for a large bank and my financial advisor has a tax free bond paying over 5%. Not bad in my opinion.

 

[masterswimmer]

I work for a large bank and my financial advisor has a tax free bond paying over 5%. Not bad in my opinion.

Not a bad return on investment......in this crappy market.

swimmer

 

[gnatp2]

Lot of options out there. If you're looking to start getting into stocks/mutual funds, then get your money over to schwab/fidelity/etc.. Fees are really low at those places and there is moderately good advice if you read through their websites. Depending on your current income and expected future income vs your expenses, different investment vehicles will be appropriate for different individuals.

At this point you should be happy that you've been involved in conservative investments yielding 5%. Be glad you didn't buy bear sterns a year ago for 150! But you're right to start rethinking your current account. The fed will continue to cut rates and your account's yield will continue to go down. The flip side is that we are current in the midst of an financial market meltdown, so many people are sticking with their low-interest and low-risk investments.

Lots to read. I recommend starting with schwab.com or something like that.
Nate

 

[wxl14]

or you could invest in me and give me all your money. I will be happy to invest all of it in new aquarium stuff and another vacation.

 

[jhale]

or you could invest in me and give me all your money. I will be happy to invest all of it in new aquarium stuff and another vacation.

what's the return on that, sounds like a funny mutual fund? rangehat

 

[grisha]

brett
how about buying a lot of groceries and keeping it in the garages in case mccain becomes a president ?...you know

 

[Quang]

brett, if you want to take an active part in investments, and bit of a gambler, i'd say look at ETFs. they've historically performed better than market, and come in a wide array of categories/industry coverage.

 

[fritz]

I say buy mortgage backed securities! It's a very sound investment with a great return!