At present i'm in a good position to start investing money. My job covers all of my living expenses which means I can save 80-90% of my income. Over the first couple of months I used the money to pay off all debts/credit card, so i'm debt free at the moment. Right now i'm just leaving the money in my bank account. I'd like to put most of my money into something lower risk that will earn me more money then interest would and maybe 10% of it in something a little more risky. Anyone have any recommendations?
what should I put my money into?
- Thread starter jfall
- Start date
adsx is a good risky stock with great long term potential. just read their prs and look at their numbers.
and for some even riskier chinese otc stocks
etlt
cxti
chid
disclaimer - i do not own adsx (although i plan to in the future) and i do have a stake in the other 3.
and for some even riskier chinese otc stocks
etlt
cxti
chid
disclaimer - i do not own adsx (although i plan to in the future) and i do have a stake in the other 3.
I've never invested before, is it best to get some type of investment option through my bank or use some type of online service such as etrade?
Would mutual funds be a good choice as a safe investment for the majority of my money?
if you want to buy and sell stock then use an online broker. for more conservative options your bank might be the way to go.
with a market cap of almost $9 billion and huge losses i wouldnt touch it. yes their revenues are growing but i still think siri is overpriced.
Mean MrMustard
Diamond Member
- Jan 5, 2001
- 3,144
- 10
- 81
If you want low risk long term growth avoid tech stocks. Ignore what all previous posters have said. I'm a trader and investor, I know.
- Oct 28, 1999
- 62,484
- 8,345
- 126
You really are limited in what you can do. You want low(er) risk. With that either comes the problem of liquidity or low returns.
I-bonds from the US treasury aren't a bad idea, but there is a slight issue of liquidity (minimum investment of 12 months), zero risk, and interest ain't bad.
An ING account is basically risk free and will pull around 3.8%.
Money market accounts will get you upwards of 4% depending on the fund and provide ultimate liquidity.
CD's offer better interest rates but lock your money away for 6 months - several years.
There's no easy, risk free way of keeping your money liquid and have it earn decent interest.
I-bonds from the US treasury aren't a bad idea, but there is a slight issue of liquidity (minimum investment of 12 months), zero risk, and interest ain't bad.
An ING account is basically risk free and will pull around 3.8%.
Money market accounts will get you upwards of 4% depending on the fund and provide ultimate liquidity.
CD's offer better interest rates but lock your money away for 6 months - several years.
There's no easy, risk free way of keeping your money liquid and have it earn decent interest.
you know and no one else does right? there are many different styles of investing and i know you know that. did you have any 100%-300%+ returns this year? no. personally i find your type of investing boring and enjoy the ups and downs that come with risk.
In the short-term (next year or so), AMD is solid. If Dell announces they'll start selling Opterons (and they're expected to this year), the price will soar. Actually, it will soar pre-announcement, and sink after the announcement. You need to sell immediately after the announcement.
Evadman
Administrator Emeritus<br>Elite Member
- Feb 18, 2001
- 30,990
- 5
- 81
This is what you do: Hire a fee based financial planner.
If you don't want to, split your money between money market, and some index funds. If you want to play (which is a great way to learn) do so, but do it with a small portion of your total, like 5% or less, though a discount brokerage that will allow you to purchase < 1 share of stock (if possible)
There are few safe investments. don't get caught up in the hype around anything. If the hype were real, everyone would be rich mofo's. Safe = CD, or gov bonds.
If you have a job, look into 401k if there is one. If there is, max it out (not just to the match amount if there is one). If not, get an IRA, or Roth IRA for smaller amounts (tax differed = free money)
BTW: to your sig - God made arsenic, man made antibiotics. Who do you trust more?
If you don't want to, split your money between money market, and some index funds. If you want to play (which is a great way to learn) do so, but do it with a small portion of your total, like 5% or less, though a discount brokerage that will allow you to purchase < 1 share of stock (if possible)
There are few safe investments. don't get caught up in the hype around anything. If the hype were real, everyone would be rich mofo's. Safe = CD, or gov bonds.
If you have a job, look into 401k if there is one. If there is, max it out (not just to the match amount if there is one). If not, get an IRA, or Roth IRA for smaller amounts (tax differed = free money)
BTW: to your sig - God made arsenic, man made antibiotics. Who do you trust more?
In my trading account yes. I average a little over 150% returns per year trading large cap stocks and 500% in one year is possible for small cap stocks.
I swing trade with full margin large cap stocks and I trade obscure NasdaqSC (and often AMEX) stocks with repetitive support.
But you trade stocks because you "enjoy" swings, you are not investing or trading, you are just gambling to get a high.
I don't care how big or small the company is or how much volatility is present, my goal is to make money, not to "enjoy" it or get some sort of high which apparently is your goal.
judasmachine
Diamond Member
- Sep 15, 2002
- 8,515
- 3
- 81
The Fed is going to be lowering interest rates so take your money out of T-bills and put it all into waffles, tasty waffles with lots of syrup.
how about Rambus, most hated company around but in the past month, it went up 75%. AMD and NVDA is another good investment. Hopefully Dell will start selling their pc with an AMD inside
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