Re: Investment Ideas?
 

I have to trade the stock online like etrade? Isnt there a shitload of requirements?

Re: Investment Ideas?
 

Charles Schwab....

Re: Investment Ideas?
 

It's not about the million, it's just about compounding money. I don't care what the amount is. A million in a CD might be worth it, but by that time there's probably better oppurtunities out there.

I was talking to my wife today about putting 10k into a 5% cd. With the guarantee of $500 a year, it's not worth it. I can buy and sell just about any car and make $500 a month pretty easily, so why lock up 10k into something I can't touch?

Re: Investment Ideas?
 

I've thought about that same exact thing. Doesn't really make sense to tie up that much(Yeah, it's not alot of money, but for broke ------ it is)for such a long period of time to receive so little when you could turn that $10k into $10500 in a way shorter period of time. Plus you have to pay fees when you cash it out and taxes on your profit. ::) So pretty much you end up with dick by the time your CD matures and you collect the money. ::)
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Re: Investment Ideas?
 

So invest in JSDA. And launder the money in oil line business...

Re: Investment Ideas?
 

what site do you guys trade on? Etrade?

Re: Investment Ideas?
 

I checked out https://www.schwab.com/ ,it looks pretty good for the few minutes I was reading.

Re: Investment Ideas?
 

if I had a million dollars cash I would talk to wells fargo about opening up a checking account. When you're in the millions, they'll give you a CHECKING account that pays interest [4ish%].

Re: Investment Ideas?
 

I just made my first investment. 1000 into a CD. It's a 6 month term that compouds quarterly at 4.6ish % interest. It'll make almost 100 bucks in the 6 months of me not doing anything. Not really a lot of money, but it's a start. I'll be looking into a little of this stuff soon.

Re: Investment Ideas?
 

^ Funny thing about CD's, look at interest rates, sometimes they're more or less depending on, well, I'm not sure what the hell it depends on. But at my bank, I remember a 4 month CD yielded more interest than a 12 month, it was a difference of like 3 to 5. Only thing with those is waiting...