Short Term Investmets

[SIXPAK GQ]

anyone have any CD's here?
I find it obselete to put money in a savings/money market account at ur bank where the ROI is so little.

I am conservative not a risk taker so i guess CD's would be a safe bet. sure its not a big return but its better then putting ur money in the bank

discuss

[longjohnsilver]

DVD's are the way to go. CD's are obslete.

[FatGeezer]

e-molvi says: interest is haram, invest in some goats

[SIXPAK GQ]

looking for real responses

[FatGeezer]

looking for real responses
mine was. by goats i was referring to property.

[T.Dimera]

i have my $$ in mutual funds and different asset allocations..varying in risk...diverisification is key

[SIXPAK GQ]

i have my $$ in mutual funds and different asset allocations..varying in risk...diverisification is key


how often can u withdraw that money?

[bender]

Open a savings account at ING. The rate on an ING savings account is 4.15%. At HSBC its 4.65%. ING also has CDs starting at 4.75% for a 6 month and 5.25% for 12 month. I'm personally with ING.


www.ingdirect.com

http://www.hsbcdirect.com/

[T.Dimera]

how often can u withdraw that money?

depends....different formats have different rules....with mutual funds you can withdraw anytime...but depending on market levels...if depends on if it would beneficial to do so

[SIXPAK GQ]

Open a savings account at ING. The rate on an ING savings account is 4.15%. At HSBC its 4.65%. ING also has CDs starting at 4.75% for a 6 month and 5.25% for 12 month. I'm personally with ING.


www.ingdirect.com

http://www.hsbcdirect.com/

who has the best? like the top 5 ......

[bender]

who has the best? like the top 5 ......


I think HSBC. Check out this site:
http://www.bankrate.com/brm/rate/chk_sav_home.asp

[SIXPAK GQ]

what about edward jones, merril lynch etc

[bender]

what about edward jones, merril lynch etc

Merill Lynch is an financial management, and Edward Jones is an investment management company. They don't offer savings accounts or CD's, but offer advisory services.

[SexyTemptress]

interest rates are pretty high right now. i invested recently 5,000 in a 5% interest rate CD. I'm thiking of investing 5000 more but in mutual funds or something im not sure of what.

[imaginasian]

Any other investment options?

[reaz]

what about edward jones, merril lynch etc

they are investment companies. they dont have their own funds etc. or so i think.

[SIXPAK GQ]

IRA's also have good rates.

4.40% at 7 month CD sound good to you?

[bender]

IRA's also have good rates.

4.40% at 7 month CD sound good to you?


ING has a 6 month CD at 4.75%

[SIXPAK GQ]

ING has a 6 month CD at 4.75%


they are all about the same.....it would be a hassle to go for a slightly higher int rate to open a account there dont u think???

[reaz]

they are all about the same.....it would be a hassle to go for a slightly higher int rate to open a account there dont u think???

depends on how much you're investing.

[bender]

they are all about the same.....it would be a hassle to go for a slightly higher int rate to open a account there dont u think???

What rate are you getting now?

[reaz]

What rate are you getting now?


he mentioned a 4.4% for 7 month cd.

[SIXPAK GQ]

he mentioned a 4.4% for 7 month cd.

yea thats from my bank..wells fargo...should i take it?

[bender]

yea thats from my bank..wells fargo...should i take it?


4.40% 4.75% is that much. You'll lose around $3 if you go with the 4.4% that's not alot.

Calculator:
http://www.bankrate.com/brm/calc/cdc/CertDeposit.asp

[reaz]

4.40% 4.75% is that much. You'll lose around $3 if you go with the 4.4% that's not alot.

Calculator:
http://www.bankrate.com/brm/calc/cdc/CertDeposit.asp

well you're comparing a 6 month cd to a 7 month cd I think. he makes a bit more but loses out on a month of money usage. but yea, probably a better idea for him if you normalize the 6 month cd to a 7 month cd.

[random_buoy]

This might interest you.

http://www.bloomberg.com/apps/news?pid=10000103&sid=aGWK_7LQY31k&refer=us

In short, Ford will be issuing bonds that pay 10.6% a year.

[BlueDukie]

It's dumb to sign up for CDs from conventional banks, because six months from now you're going to have to sign up for another CD, plus you'll never be able to touch the money during that time period.

Sign up for an ING account. Your interest rate is only slightly lower, and you can touch the money whenever you want. You talk about it being a hassle to sign up for a whole new savings account, but once you sign up for the ING account, you're done. It takes like 15 minutes. Actually, it would be quicker for you to sit on your ass at your computer, fill out the online application, and deposit your money than for you to get in your car, drive to wells fargo and fill out the CD form.

Merrill Lynch, Charles Schwab, etc are all high priced brokerage firms. If you want to invest your money in the stock market, go to ETrade, and pay 1/10 of the cost you'll pay at these other places.

[dandiwal_jatt]

what are tax lien certificates?
b/c they give u like 13% interest (i think)?
but there is some sort of risk involved not a lot though



and dude six_pak, buy some cheap property in new orleans, or wait for another hurricane season and buy then...

[SIXPAK GQ]

It's dumb to sign up for CDs from conventional banks, because six months from now you're going to have to sign up for another CD, plus you'll never be able to touch the money during that time period.

Sign up for an ING account. Your interest rate is only slightly lower, and you can touch the money whenever you want. You talk about it being a hassle to sign up for a whole new savings account, but once you sign up for the ING account, you're done. It takes like 15 minutes. Actually, it would be quicker for you to sit on your ass at your computer, fill out the online application, and deposit your money than for you to get in your car, drive to wells fargo and fill out the CD form.

Merrill Lynch, Charles Schwab, etc are all high priced brokerage firms. If you want to invest your money in the stock market, go to ETrade, and pay 1/10 of the cost you'll pay at these other places.


u dont have to renew it...on a 6 month CD, you can withdraw all of it. for WF..i can call my personal banker over the phone and do it that way. plus i go to a bank once a month anyway. Stocks are very high risk, it can make or break you, its like gambling. Mutual Funds sounds good to me.

[SIXPAK GQ]

what are tax lien certificates?
b/c they give u like 13% interest (i think)?
but there is some sort of risk involved not a lot though



and dude six_pak, buy some cheap property in new orleans, or wait for another hurricane season and buy then...


just looking for a safe ROI right now. very low risk.

[NYzNiCCa]

someone tell me what would be a good place to invest 10 g's in?

[random_buoy]

someone tell me what would be a good place to invest 10 g's in?

That depends on your appetite for risk.

[NYzNiCCa]

That depends on your appetite for risk.

I am willing to take the risk but pbbly only with 5 G's. I'll CD the other half.

[reaz]

I am willing to take the risk but pbbly only with 5 G's. I'll CD the other half.

you're young. you might want to put $2 in bonds at most.

The rest you can put into a growth market fund. Mutual funds are safer because they are diversified for you. If you're not good with the stock market it's best to stay away from picking stocks. Let a fund manager do the picking for you.

when picking funds make sure you choose based on the fund type you find suitable. also go for funds with lower fees. Because in the end the expense fees as well as the sales fee (should you go with load funds which you should not) will cancel out a significant portion of the returns.

[reaz]

just looking for a safe ROI right now. very low risk.


It doesnt get any lower wrt risk than going for a CD. You're guaranteed a fixed ROI.

With high yield savings accounts like ING, your money is actually put into a money market account. So the interest rate fluctuates. Except in the last year due to Federal Reserve bank interest rate hikes the interest rates for such banks has gone up.

Chances are if you invest money for the next year the rate will only get better. The only problem with this type of account is that the money is liquid through out so you can pull the money out any time you want. This is bad if you are not disciplined.

The rates from such banks for CDs are also pretty good.

[SIXPAK GQ]

It doesnt get any lower wrt risk than going for a CD. You're guaranteed a fixed ROI.

With high yield savings accounts like ING, your money is actually put into a money market account. So the interest rate fluctuates. Except in the last year due to Federal Reserve bank interest rate hikes the interest rates for such banks has gone up.

Chances are if you invest money for the next year the rate will only get better. The only problem with this type of account is that the money is liquid through out so you can pull the money out any time you want. This is bad if you are not disciplined.

The rates from such banks for CDs are also pretty good.


What about Mutual Funds? arent the rates higher?

[bender]

What about Mutual Funds? arent the rates higher?

Yeah, but you are going to take on a higher risk compared to a cd. There are mutual funds that invests in bonds (less risky), stocks . If you want higher returns you are going to have to take higher risks. With higher risks comes higher returns, if these high risks didn't provide high returns no one would invest in them.

[SIXPAK GQ]

Yeah, but you are going to take on a higher risk compared to a cd. There are mutual funds that invests in bonds (less risky), stocks . If you want higher returns you are going to have to take higher risks. With higher risks comes higher returns, if these high risks didn't provide high returns no one would invest in them.

Well will i be losing any money if i invest in Mutual funds? am i guaranteed atleast a low return?

[bender]

Well will i be losing any money if i invest in Mutual funds? am i guaranteed atleast a low return?

With a mutual fund, you have a professional managing the buying and selling of the fund's assets. So, you will probably lose less money by buying a mutual fund than buying bundle of stocks yourself. If you are a conservative investor you can invest in large cap companies (IBM, GE).


Here are Y-T-D returns for some mutual funds:

Bonds funds:
http://screen.morningstar.com/FundResults.html?preset=ConservativeBond&fsection=consBond

Specialty funds (International, real estate)
http://screen.morningstar.com/FundResults.html?preset=LittleFundBigReturn&fsection=littlewithbig

[SIXPAK GQ]

With a mutual fund, you have a professional managing the buying and selling of the fund's assets. So, you will probably lose less money by buying a mutual fund than buying bundle of stocks yourself. If you are a conservative investor you can invest in large cap companies (IBM, GE).


Here are Y-T-D returns for some mutual funds:

Bonds funds:
http://screen.morningstar.com/FundResults.html?preset=ConservativeBond&fsection=consBond

Specialty funds (International, real estate)
http://screen.morningstar.com/FundResults.html?preset=LittleFundBigReturn&fsection=littlewithbig

with CD;s ,,.u never lose money..but the return is only pocket change.

stocks are very high risk, its gambling

even with mutual funds..i am still gonna lose some money.....

[reaz]

with CD;s ,,.u never lose money..but the return is only pocket change.

stocks are very high risk, its gambling

even with mutual funds..i am still gonna lose some money.....

yea. nothing provides a lower risk than a CD. But CD's are low when it comes to ROI. For higher ROI, look at mutual funds. There are many classes of Mutual Funds so you might want to figure out where you stand in terms of investing style and pick funds accordingly.

[SIXPAK GQ]

yea. nothing provides a lower risk than a CD. But CD's are low when it comes to ROI. For higher ROI, look at mutual funds. There are many classes of Mutual Funds so you might want to figure out where you stand in terms of investing style and pick funds accordingly.

what about sports gambling through the internet? no taxes on that

[reaz]

what about sports gambling through the internet? no taxes on that


really? well if you dont report it then there is no tax. but i am not familiar with gambling. and i dont know if gambling can be considered "investment" in the traditional sense. it's far random than stocks etc.

[paulie walnuts]

if your primary concern is risk mitigation, then there are a number of options. derivative securities would probably be the most efficient.....but since you're talking about cd's and asking basic questions, i assume you'd like to keep things simpler.

if so, the easiest way for you to gamble with low risk is to invest in diversified securities with a stop loss order. this is difficult with mutual funds, but fairly simple with ETFs...they don't have the time constraints of mutual funds, and market liquidity is very high.

since you're young, emerging exchanges are definitely the best bet....the indian and brazilian markets are big draws and both recently experienced significant correction dumpings (which means good buying opportunity)....so you should consider at least one of those two markets. for these two countries, two of the most popular ETFs are the tickers IIF and EWZ, respectively....check them out.

[Deception 004]

DVD's are the way to go. CD's are obslete.
haha good1