investments or anything like that???
 

any one on here have any money invested in anything? i have a retirement account set up already and i put money away into that each month, but i just got 2400 from my truck that i sold and i was thinking i could either put it towards the truck im paying on right now or i could find something to invest it in ( i know its not alot but its something), i was just wondering. :)

Re: investments or anything like that???
 

Do a CD at your local bank, I know at ours the most APR you can get is in a 9 month CD. Very safe bet :6

Re: investments or anything like that???
 

Could put it in a mutual fund. A S&P 500 index fund is a good bet for growth(young person) Vanguard.com has a popular low-cost s&P500 index fund
http://flagship5.vanguard.com/VGApp/...FundIntExt=INT

500 Index Fund Inv
1year 12.13% 3year 16.56% 5year (9/11) –1.60% 10year 9.41% Since inception12.15%


Other thing is think about a house. It would be worth it to visit a bank, see what kind of a home loan you approve for, see how good/bad your credit is, and get tips on how to improve it. I just bought a house last year.... it's up in value $30-35k in one year...woot woot.

Re: investments or anything like that???
 

Check out http://www.bankrate.com/brm/rate/hig...416&product=14

Some nice 6month CD's. 4.4-4.6%

...and if you always have a couple thousand in your regular bank account, http://www.emigrantdirect.com/ offers 3.8%, fully accessible at anytime (2-3day transfers to and from your traditional bank).

Re: investments or anything like that???
 

i have a vanguard IRA account. Seems okay, not making a million dollars on it. But after the first quarter, I think I got 140$ so it ain't too bad for money that's going to my old age. I gotta check on it again, it's been a while. Oh and this is with a 3k investment. I'm gonna drop more into it soon.

Re: investments or anything like that???
 

That guy finally paid you for your truck? Jesus.... :P

Give it to me and I'll take it to Laughlin for you. :6
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Re: investments or anything like that???
 

na thats ok justin. i would look into a house but i cant afford one right now, i will probably be looking into that next year or so. ill look into those links, i really wanna pay off my truck but i would rather make money on my money. i dont want it to be to where i cant touch it till im like sixty or something i just want to make money on it if that makes sense. :S

Re: investments or anything like that???
 

If you have consumer debt that you are paying high interest on, pay that off, and then increase your 401K contribution by the amount of the monthly payment you were making on the consumer debt. Get rid of your most costly debt first. If you are paying someone 19% on a credit card, while your 401K is making 4-5%, then you are loosing 14% per month to someone else. If you pay off that debt, and then increase your contribution to your 401K, you immediately gain. Just don't accumulate more consumer deabt, once you have it paid off.

Re: investments or anything like that???
 

^^Smart man. :y Credit cards are the worst kind of debt, although I don't think he has too much CC debt. He has a truck payment with a strong co-signer so he's probably getting a pretty choice APR on that. He has an ATV payment, but I believe he also has a very strong co-signer for that so the APR should be pretty low.

I'd say put it all in the bank and sit on it. It's a bit harder to come up on large chucnks of money like that so I always like to hold onto them as long as possible. I figure I'm pretty much always going to have a vehicle payment so there is no use paying large sums of money on those. :-\
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Re: investments or anything like that???
 

justins got it. my truck interest is like 5% or something like that and my quad is like 4%. and the credit card is at 0 right now until late next year.(and i dont use more than i can afford) :6 so my interest isnt all that bad. i plan on raising what i pay into my retirement account after the first of the year when i get a raise. i just really dont like having my truck payment but i figure i could put money into a better investment.

Re: investments or anything like that???
 

Well I'm broke, and only getting deeper into debt with student loans. This ---- better pay off soon.

So I'd say my only big investment now is in human capital.

Re: investments or anything like that???
 

I got a 750,000 dollar life insurance polacy on the wife, so if times get tough ;)

Re: investments or anything like that???
 

anyone else have any input on this. and im realy lookin into that emigrant thing leed.

Re: investments or anything like that???
 

give me a $1000 and ill give you my 300zx by 2060 it will be worth atleast double if you keep it in the garage.

Re: investments or anything like that???
 

Paypal accounts have like 4. something percent interest, and they compound monthly, best of all there is no commitment, take your money out as often as you like! :y


double of nothing.... is still nothing

Re: investments or anything like that???
 

You got alot of good advice.

#1 make sure you take care of high interest debt

I'd really suggest going to the bank, making an appointment to get prequalified for a home loan. Find out how much you qualify for. They do a credit check on you, and give you advice on how to improve your credit. If you want to buy a house in a few years, you will be glad you did this now. It only takes like 45mins. Gives you a good idea how much more money you need to save for down payment, and how much more money a year you need to make. It's good to set goals.


IRAs and 401k are retirement deals. Not what you are looking for. Although if your work matches what you put is their 401k, you can't beat that.

Short term investments there are two approaches: growth or safety.

The savings accounts, CDs, short term bonds, are all very safe, but have low returns... 5% or so. Barely keeps up with inflation, doesn't really make you a whole lot of money. But it is definitely going to be there making 5%, and you can get to it anytime. One step better than burying it in the backyard.

Growth would be to invest in stocks or mutual funds. There is the possibility of ALOT higher returns. Investing in Stock kind of requires that you know what you are doing, and there definitely is the risk of losing money. Mutual Funds are pretty much the safest growth investment. The S&P 500 fund invests you in the top 500 largest companies in the US. U.S. companies always make money. Even when something real bad happens, like 9/11, stock market crash, US economy bounces back. There has never been a ten year span when the S&P 500 has lost money. The average 10 year return is 12%. It's averaged 16.5% for last three years.

http://www.moneychimp.com/calculator...calculator.htm
$2400 at 5% for 3years = 2,788.37
$2400 at 16.5% for 3years = 3,936.76

$2400 at 5% for 10years = 3,956.80
$2400 at 12% for 10years = 7,966.70

$2400 at 5% for 20years = 6,523.43
$2400 at 12% for 20years = 26,445.19

$2400 initial investment plus $50 every paycheck($1200 a year)

5% for 3years 6,672.64
16.5% for 3years 8,595.70

5% for 10 years = 19,526.88
12% for 10 years = 31,168.96


5% for 20 years = 47,763.37
12% for 20 years = 126,666.42

Compound interest is crazy

Re: investments or anything like that???
 

swing trade. is ee people make 20-30% a month. over 3-400 of your lucky. penny stocks are a ballsy business though. make sure you do allot of reading and reasearch. mutual funds are gay bullshit. the returns are weak and when they get hit, they get hit HARD.

Re: investments or anything like that???
 

invest in drugs. start growing, cooking, cutting. when done right in the right market you can do far better than anything else out there. or ur dead and in that case who needs money :6

Re: investments or anything like that???
 

sorry not into selling drugs. 4wdwagon, i dont have a 401k its like a roth or some ----, my work doesnt offer anything like that. my grandpa made me set it up. i will look into seeing what i am approved for. im gonna look into that SandP 500

Re: investments or anything like that???
 

well when you dig up that million dollar stock stip, be sure and let us all in on it! :y

Re: investments or anything like that???
 

i'll make $150 a month on interest alone.

Re: investments or anything like that???
 

Suit yourself. Given the town you live in and knowing that AZ is a right to work state and most jobs don't pay ----, along with the fact that you can't buy the smallest shitbox house for under $200,000 right now, I would suggest getting into the drug business. ;) Might as well make some money off these dumbass tweekers so you can replace the ---- they steal. :8
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Re: investments or anything like that???
 

Mutual funds ftw. check it out.