Best place to stick 5-10k...

[scootermaster]

I've got some money I don't really need right now, and it's wasting away in my checking/savings account. I'm going to stick some in my Roth IRA, but I was wondering what people were doing (well, those of you not too busy wasting your time in Black Friday lines) with their extra cash. I'm thinking about either a 5 or perhaps 9 month CD. HSBC has some nice rates for their 9 month CDs, but I figured I'd ask.

Also, what do you guys use to trade stocks? I'm probably not going to invest more than a couple grand, but I'd like some place that has low fees. eTrade? BoFA?

Thanks!

 

[axelfox]

Max out your Roth IRA first.

 

[amdskip]

I like Scottrade.

 

[SoulAssassin]

Originally posted by: axelfox
Max out your Roth IRA first.

True, as long as you don't need it liquid. After that prob either either something like emigrant direct (5.05) or WTdirect (5.26 for 60 days if <10K, "no limit" if > 10K.)

 

[DaveSimmons]

Savings (INGDirect, etc.) pays about as much as a CD for less than a year and is more liquid, and is better if you aren't sure exactly when you'll need the money.

Search "broker" might find some old threads, if it feels like working today. Scottrade and Ameritrade seem to be the most popular here. I just buy and hold index funds so I don't pay much attention to the discount brokers.

 

[Riverhound777]

I have all my savings currently sitting in a money market account with Fidelity until I decide what to do with it. It's earning 4.8% I believe.

 

[thegimp03]

I wouldn't do a BofA CD right now. I had a CD mature a week ago and I was going to attempt to renew it, but they'd taken away the 5 month option. Plus, their rates are 1% lower than some of the rates you can get elsewhere. Etrade offers savings accounts and investment options. It's also easy to use. I have an Etrade account where I keep some cash and invest the rest. After you get the money in there, it's easy to pick and choose what you want, plus their savings account offers high rates if you're not sure what you want to do with the money. Etrade also offers a ~5% CD.

 

[her209]

If you're going to put it into a CD, check this site first:

link

PS: The site is not mine icyww

 

[SSSnail]

Originally posted by: amdskip
I like Scottrade.

 

[iversonyin]

sogoinvest.com, tradeking.com for cheap stock trades.

fidelity.com for stock research. scottrade is no longer the cheapest- but their customer service is excellent and no hidden fees.

vanguard for mutual funds.

interactivebrokers.com for daytrade.

and Kiplinger magazine for all personal finance advices....

Ohh, pay off any debt you have. Mortgage, car payment, credit card balances, student loans....kill them first.

 

[her209]

Originally posted by: iversonyin
interactivebrokers.com for daytrade.

I tried to "day trade" the other day, sell some stocks currently held and buy some without letting the funds settle first. Got a bullsh*t "free ride" warning. How lame is that?

 

[Cashmoney995]

1080p LCD u mean?

Paypal money market fund is still sitting high and dry with 5.03% annual interest compounded monthly.

But of course...you should already be maxing out your tax deductible contributions.

 

[Minjin]

Put 4k in your Roth for 2006 year and after the new years, put 4k in your Roth for the 2007 year.

 

[totalcommand]

In precious metals

 

[neutralizer]

In my savings account.

 

[SSSnail]

Originally posted by: her209

Originally posted by: iversonyin
interactivebrokers.com for daytrade.

I tried to "day trade" the other day, sell some stocks currently held and buy some without letting the funds settle first. Got a bullsh*t "free ride" warning. How lame is that?

If you have the funds to cover, you won't get that warning.

 

[her209]

Originally posted by: SSSnail

Originally posted by: her209

Originally posted by: iversonyin
interactivebrokers.com for daytrade.

I tried to "day trade" the other day, sell some stocks currently held and buy some without letting the funds settle first. Got a bullsh*t "free ride" warning. How lame is that?

If you have the funds to cover, you won't get that warning.

I didn't.

 

[SSSnail]

Originally posted by: her209

Originally posted by: SSSnail

Originally posted by: her209

Originally posted by: iversonyin
interactivebrokers.com for daytrade.

I tried to "day trade" the other day, sell some stocks currently held and buy some without letting the funds settle first. Got a bullsh*t "free ride" warning. How lame is that?

If you have the funds to cover, you won't get that warning.

I didn't.

Yeah, I thought about buying some million shares of some stocks and sell it half an hour after they IPO too... Would have made some good money huh? hehe...

 

[Dacalo]

If you are going to invest, I would look at MB Trading. Very low commission.

 

[Jadow]

HSBC

 

[AnonymouseUser]

http://finance.yahoo.com/q?s=frpt.ob

 

[iversonyin]

Originally posted by: SSSnail

Originally posted by: her209

Originally posted by: SSSnail

Originally posted by: her209

Originally posted by: iversonyin
interactivebrokers.com for daytrade.

I tried to "day trade" the other day, sell some stocks currently held and buy some without letting the funds settle first. Got a bullsh*t "free ride" warning. How lame is that?

If you have the funds to cover, you won't get that warning.

I didn't.

Yeah, I thought about buying some million shares of some stocks and sell it half an hour after they IPO too... Would have made some good money huh? hehe...

not even half an hour. I caught some NMX when it came out...2-3 min... well, sure as hell noone can get 1 mil share on IPOs

 

[dandruff]

mbtrading