I've got about $20,000.00 in a savings (ING) account getting 1.12% - if I don't need to touch this money for 5 years, what would you suggest as the best investment that isn't terribly risky?
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I've got about $20,000.00 in a savings (ING) account getting 1.12% - if I don't need to touch this money for 5 years, what would you suggest as the best investment that isn't terribly risky?
CDs.
How willing are you to keep an eye out and move the money around (babysit it)?
What kind of gains are you looking to make?
What is your aversion to risk on a scale from 1 to 5? 5 being that you dislike risk, 1 meaning you love risk and don't mind it at all.
Do you have something set up for your kid for college? Look into the NYS 529 plan. Depending on how old she is, it may be tied up for more than 5 years, but you can set your risk; and as long as its used for school, there's no tax involved.
I have them set up for my kids, and with the most conservative plan set in motion, even with the shitty economy I'm seeing 5% growth annually. When I set it up it was closer to 10%.
Very - assuming that's daily and not hourly. I'd hate to lose a ton of money because I wasn't available every second.Quote:
Originally Posted by Drewbacca
Better than 1.25 %
3
If some one tells you you can make mad bank investing 20k in a new magazine DO NOT listen to them!
Invest in me, I'm awesome.
LOLQuote:
Originally Posted by Bojack
I'd buy a couple real dolls and make deposits every day.
Do you recommend any good ones? I am sick of listening to mah Ace of Base album all day. I prefer dance music that you hear at the clubs! When I'm gettin' tipsy. Erbody.Quote:
Originally Posted by Razor Ramon
Lady Gaga's Fame Monster is the real deal Holyfield.
Calling Gooch.... calling Gooch. and it is not about Killzone 2!
I can see that TNL is full of financial wizards. :)
Ghetto investment portfolio FTW!
$10,000 in $1 instant lotto scratchers
$5,000 in $10 instant lotto scratchers
$5,000 in mega millions or powerball tickets (when either one hits about $200 million)
I'd just buy up a ton of American made guitars and amps from before 1970. Wait 5 years and then resell them. The value holds pretty well on that stuff.
I really, really want to see if I can put together an awesome new...
...fuck.Quote:
Originally Posted by Bojack
go on...Quote:
Originally Posted by shidoshi
CD's and Bonds are safest, otherwise, keep an eye open for IPO's, and sell after a few days, just to be safe. You could invest in solid companies that'll ALWAYS be there (Wal-Mart, McDonalds,) but you'd need to ride those longer than five years to get a good return, if any.
In five years, you can turn $20,000 of cocaine into a few million.
Buy as many Silverface Fender Bassman Ten amps (early 70's) as you can find. Nobody knows about those amps right now. They certainly won't be going down in price any time soon.
Not trolling. You could easily double, and possibly triple whatever money you put in in about five years.
Wha-? You're asking TNL for investment advice about a cool $20k that clearly means alot to you?
-10,000 rep pts.
And get thee to a PAID FOR BY YOURSELF financial advisor.
Holy fucking shit. Noob.
Seriously though, Gooch keeps going on and on about Gold and for the most part he's right so perhaps put some in Gold futures?
I wish I'd done this with everything Silvertone.Quote:
Originally Posted by Josh
THANKS A LOT JACK WHITE
Wow. Douche much?Quote:
Originally Posted by The_Meach
I've been a part of this community for 8+ years and you're getting riled because I ask a hypothetical question about money from a bunch of people in their 20's, 30's, and 40's? I simply wanted to see if anyone had any bright ideas.
You need to calm the fuck down if something as insignificant as this elicits a response like the above.
And, seriously, a "financial advisor" is what you come up with? A guy who takes your money and tries to make money but bears no responsibility if you don't make money. Gotchya. I never thought of that. Thanks. :td:
The Meach thinks people deserve to be paid for advice, directions and possibly "Please" and "Thank You"
Er, buy my art now and when I die/OD/go into hiding it'll be worth millions?
But f'reals, Gooch would be the best go-to guy on this.
What are Gooch's qualifications?
he writes really big paragraphs that at least appear to be informed.
So?
Someone pays him to do this shit?
I don't know, hoah. I am far from comfortable giving advice on investment. Your local agency or broker might be better suited for it.
I have a diversified stock right now in a high yield dividend fund that's primarily natural resources. I've held on to this for about 2 1/2 year now and made about 8% on average (per year). With the markets in flux natural resources are good to have (maybe not now with the oil spill and offshore drilling in the south frozen). But I'm not sure how long I'll ride the rocket or if it's too late to get in to maximize your time. I got in to China for about 6 months before that and made like a 15% increase to my money in about 7 months. I got cold feet and pulled out just in the nick of time, too. I left 500 bones in just to see and I only have about 360 left. EDIT: 334 now. China is moving upwards to skilled upper-education-based job market. They don't want to make our cheap shit anymore, it seems. What's the next China, is my question?
I've also been reading up on enviro-software focused companies like HARA. If legislation is ever passed mandating emissions be monitored and regulated (which seems likely given all of the pressure these days) then I could see this company becoming the next stock gold rush for early adopters like Microsoft, Apple and Google have been over the past 25 years. I also am looking to genetics and more specifically stem cell research institutes. Based on their current trend of finding creative ways to apply stem cells this could be a big industry for the pharmaceuticals. They could buy up a bunch of companies and give a fat pay out or smaller independents could pop up and fight for market supremacy.
Neither of those 2 markets are likely to move within the next year and a half or more. But interesting.
Other than that I have no REAL solid advice as to which stocks to pick. I just like my natural resources right now. I bought gold back 2 and 1/2 years ago when the markets were just hitting their downslopes and I couldn't be happier with it.
I noticed my bank is offering a whopping 3% on it's 5 year CDs or 1.01% on 13 month. Who the fuck bothers with that shit?
3% is better than no percent in a savings account. Lots of people just want slow, easy money and don't have the drive to learn more (and that's fine, do what you are comfortable with).
I guess it's the wheeler dealer in me, but that's insane. They want at least $10,000 to open it up. Unless my math is wrong, they're going to tie your money up for 13 months, and give you a whopping $101 for it. Give me your $10,000 and I'll guarantee you at least $200.
and probably pocket around $4800.
Slinging money is how he makes his money, I believe.Quote:
Originally Posted by Diff-chan
That's atrocious. When I did 2k CDs a year or two ago, they were 6 month (beat the 12 month at the time) and I was getting over 1.5%.Quote:
Originally Posted by Some Stupid Japanese Name
A year... or two? Interest rates have cratered since late 2008.Quote:
Originally Posted by Nomi
Banks must be the easiest thing to make money running - but they're all in financial dogshit from over leveraging and stupid risk taking
Plastics.
CDs aren't worth it but there are some CD "alternatives" that can yield 4-5% with no holding period and FDIC insured.
Buy diamonds.
Just don't fall in love.
And you hand them money out of your own pocket when they fuck up. And then nobody knows what they did with the money except a few instances where the money actually just went to foreign/European Banks. Who cares about peon money?Quote:
Originally Posted by dave is ok
Did someone say Killzone 2? That's the best fucking console FPS of all time.Quote:
Originally Posted by Diff-chan
boom ping pong
check out gooch being super wrong wrong
This. A year or so ago we had a 12 month promotional CD that gave 5% and .25% instant to grow on your investment, with only $500 needed down.Quote:
Originally Posted by Diff-chan
Now our year cd is getting 1% and going down tomorrow.
Base savings is earning .4, it used to earn 1%. I want the rates to go up just as much as the next person because it makes my job easier dealing with people who like to see larger returns. Every day I get to deal with the general public who has no idea that the economy drives the interest rates.
Edit: Late 2k8 = December. Prime has been 3.25 since 12/08.
Interest rates will probably stay low in this balance sheet recession but the caveat is the progression of the sovereign risk contagion. One distinguishing factor that contrasts our current balance sheet recession from the one Japan suffered from for 15 years (only recently managing to recover from, only to be met with this global balance sheet recession which has essentially bankrupted their global consumer base) is that the majority of their government debt buyers were domestic. Japan's debt expansion in order to replace the destroyed demand was replaced by government borrowing but that came internally (i.e. Postal Service). The U.S. debt is being funded by both domestic and international participants, so the likelihood of eventual (not near-term, especially with flight to quality flows and indications of less than expected supply regarding treasury issuance) rate increases does loom as a possiblity, though I would expect this to apply more towards government debt than corporate debt issuance.
If you are not willing to (pro)actively manage your account, then any advice given to you would be more harmful than useful. If this is indeed the case, I would suggest you find an asset manager you are comfortable with to do this for you. A laissez-faire approach is not and never was the recommended course of action. You have to work for capital gains as much or more than what you work for your W-2 or K-1. Why people think this is not the case is beyond me.Quote:
Originally Posted by haohmaru
Hater in the house!Quote:
Originally Posted by Joust Williams
And vice versa.Quote:
Originally Posted by Chux
What about paying down debt with your 20k? The savings might obliterate any general returns you might get on generic stock/bond/CD type investments.
I think you're missing the point. You should get some professional advise from a financial planner/adviser. Not necessarily someone who will take your money and run with it, that's not what a financial adviser does.Quote:
Originally Posted by haohmaru
Spend the couple of hundred dollars it takes to speak with a pro. Learn what your options are, your risk tolerance, ect. 20k is a lot of money to play with if you're trying to DIY. And I can assume you don't have the expertise (nor do I) to manage it yourself if you are asking TNL of all places for financial advise.
Of all the places to ask, a message board with a diverse group of regular posters that have known each other for a decade and will offer a wide range of opinions on a subject in a timely fashion. What were you thinking Haoh?Quote:
Originally Posted by JefmcC
You're such a noob.
Yeah, and my opinion is to spend an hour or two with a financial adviser.Quote:
Originally Posted by Josh
Sorry, I was thinking more like a bunch of video game nerds with piles of shame. Of course there's no real harm with asking at TNL, but it's no substitute for getting financial advise from a professional.
My opinion is to spend an hour or two with your mother.Point taken. Haoh, invest in rare Saturn games.Quote:
Originally Posted by JefmcC
Then he can start with buying mine. :lol:Quote:
Originally Posted by Josh
I got dibs, son.
Haoh, buy my shit. I have Radiant Silvergun and Panzer Dragoon Saga.
2 dollars, for both
You think 20k is a lot of money. I don't. There's a diverse range of voice here, including yours telling him to go to a specialist. There's no need to shit on anybody just to make your point feel more poignant. If you're going to troll do it better.Quote:
Originally Posted by JefmcC
So far, for the high risk portion, I've invested $5000.00 in a few stocks that have good P/E's, pay a dividend, and fluctuate decently enough.
I'm seeing an advisor about my crack addiction and asking questions in the wrong places.Quote:
Originally Posted by Josh
It's a lot of money to crackheads.Quote:
Originally Posted by Drewbacca
some rampant fronting coming our way.Quote:
Originally Posted by Drewbacca
I don't think 20K is a lot of money, either. Not fronting.
Remember when you were a kid and $100 seemed like a TON of money, but really it wasn't? That's $20,000 to adults.
Don't get me wrong it's not a pittance or anything. It's just not that much, either.
It does take a bit of time to save up 20k unless you leech off at your parents aka BeefyHits
There's so much you can do with 20k this statement borders on laughable.Quote:
Originally Posted by Drewbacca
Like what? Buy half of a new car? One tenth of a new house?
Buying new car or house is so uncounterculture.
So is having any money. That's why $20,000 seems like a big deal.
You can't figure out how to spend $20,000?Quote:
Originally Posted by Some Stupid Japanese Name
Sure I can. I wouldn't be able to figure out how to spend $20 million though. That's a lot of money. $20 grand ain't shit.
$20 grand is about what I live on each year.
http://www.the-nextlevel.com/board/a...4&d=1227078634Quote:
Originally Posted by JefmcC
uh, ok.Quote:
Originally Posted by Drewbacca
There is some shit throwing in this thread, but I'm not the one doing it. I don't think I shit on anybody.
But it's all good. I hope Haoh invests his money wisely.
Invest in my future. For 5 years.
I could spend 20 mill easy.Quote:
Originally Posted by Some Stupid Japanese Name
I could probably spend any realistic amount of money. Its called helping people, starting organizations, businesses, investment, charity, etc.
A few mill flys by when you try to get any large number of people, resources, and ideas to move in a desired direction.
Shit, and I'd probably buy a nuclear submarine, and a couple 100 tanks. Maybe some jets and helicopters. And a huge dump truck. Drive that bitch over houses. Oh and booze for everyone. And blow. And hookers, and other ladies that can be won over with money. Oh, and get some of those huge carrier jets the military has, so I can take my super machine party anywhere I want.
as for 20k, it is a lot of money, if you are actually being practical with it. 20k buys a lot of food. It makes needed repairs to a shitty 1k car. It would pay for my tuition for about 4 years. It could pay my rent and utilities for about 4 years too.
20k can do a lot of helpful and needed things.
But no, it won't go far in buying sports cars or diamond covered buttplugs for drew.
I'm a bit late. Wasn't really following the thread, but I've been looking into this topic lately, and a lot of signs seem to point towards investing in silver. Let me disclaim that I know next to nothing about finances. I'm just passing on what I've been reading. It seems like the dollar is still a big question mark... the worst of the state of the economy could be yet to come. Not to mention the Amero... how will this be implemented? (Rhetorical question, we don't need to get into that.) Anyways, things could get better or they could get worse, but you bypass all of these variables entirely by investing in precious metals. I'm pretty much broke, but if I wasn't then at this point I'd be skeptical about keeping my assets in those "trust us, it's worth something" slips of paper. Or, rather, "yeah, we've got your slips of paper somewhere in the back room" digital currency.
Right now silver is at 18.23 per ounce and gold is at 1,212.60 per ounce. They're both significantly more than they were a year ago.. so yeah, it would've been better to buy back then, but I think these will keep climbing.
From what I've gathered, even though silver is much cheaper than gold right now (and always has been, of course), it's actually about twice as scarce. It's poised to be the first element in the periodic table to become "extinct" within the earth... meaning we will have mined it all up. And unlike gold, which is just used for containing value, silver actually has huge, huge industrial application. It's used in everything for its conductive properties. What will happen when we run out?
Several people a lot more informed than myself have suggested that it's only a matter of time until silver actually surpasses gold in value.
I was just trying to do a bit of research on this topic and come to a conclusion that I thought sounded most sensible, so who knows. At this point though, I'm pretty sold on the idea of investing in silver. Resource-based currency in general, really. The banks are all corrupt anyways. This system of creating money with interest can't sustain itself forever, right?
Anyways, it might be worth looking into.