$20,000 To Invest for 5 years

**Gooch** · 16 May 2010, 09:07 PM

Originally Posted by haohmaru

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?

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.

Originally Posted by Joust Williams

boom ping pong

check out gooch being super wrong wrong

Hater in the house!

**Gooch** · 16 May 2010, 09:17 PM

Originally Posted by Chux

Every day I get to deal with the general public who has no idea that the economy drives the interest rates.

And vice versa.

**Bojack** · 16 May 2010, 11:05 PM

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.

**JefmcC** · 18 May 2010, 12:33 AM

Originally Posted by haohmaru

Wow. Douche much?

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.

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.

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.

**Josh** · 18 May 2010, 12:43 AM

Originally Posted by JefmcC

TNL of all places

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?

**Josh** · 18 May 2010, 12:43 AM

You're such a noob.

**JefmcC** · 18 May 2010, 02:10 AM

Originally Posted by Josh

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?

Yeah, and my opinion is to spend an hour or two with a financial adviser.

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.