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Nevermind

T

Trey22

Diamond Member
Currently have: 401k through company, variable annuity through WRL.

Some family members (that border on the paranoid) have me "holding" their savings, somewhere between 12 and 15k. They were earning 0.85%.

I have my own chunk of change available (30k), that I'd like to see gain a return, instead of just protecting against inflation (even at ING @ 3%).

Being that I haven't been following the market, I though I'd get some opinions/suggestions/flames from you guys. I DO plan to do my own research, just needed a nudge in the right direction.

Mutual fund / money market / CD / etc.?
 
Check out a company that's consistantly earns a profit, is growing and pays a good dividend, assuming you want to avoid the PITA factor.

I'm looking at a company called "Arctic Group" that trades on the TSX (I'm Canadian). It's consistently paid a dividend around 10% of the share purchase price.

This is fairly risk free investing, not completely risk free; if it was there would be no return.
 
earning .85% is plain stupid when you can get 3.25% from a savings account (emmigrant direct) or more from cd's/money markets.

vfinx is volotile if the economy gets worse. look how much the S&P lost in 2001-2002

i'd reccomend a better managed fund, yes most underperform the market, but there are a lot that consistantly outperform with small fees.
 
Couldn't you just put that in a CD, for say 12 months in the mean time...Or a Roth or standard IRA?

I would max out retirement options, or advise them to before you start investing in stocks.

Of course if liquidity is of the utmost importance, they may not want to invest period. In that case a typical savings account with a decent interest % would be best.
 
Originally posted by: iwantanewcomputer
earning .85% is plain stupid when you can get 3.25% from a savings account (emmigrant direct) or more from cd's/money markets.
Click to expand...

Exactly the reason I had them put their money in my account, so I could have access to it and invest it in something more worthwile.

 
Originally posted by: iwantanewcomputer
earning .85% is plain stupid when you can get 3.25% from a savings account (emmigrant direct) or more from cd's/money markets.

vfinx is volotile if the economy gets worse. look how much the S&P lost in 2001-2002

i'd reccomend a better managed fund, yes most underperform the market, but there are a lot that consistantly outperform with small fees.
Click to expand...

2001-2002 is not exactly a typical year
 
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