boosted_hatch_216

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.

HondaTuner

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

shadetree

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.

leed

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).

AgentMurdoc

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.

Dr.Boost

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

Give it to me and I'll take it to Laughlin for you.
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boosted_hatch_216

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.

TunerToys

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.

Dr.Boost

^^Smart man. 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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boosted_hatch_216

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) 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.