investing some money...

[jujumantb 10+ year member]

what does my age mattter i bet i know a shitload more than u do

assuming makes you an ass.

I'm an economics major with plenty of upper level courses in the market, but I bet you knew that //content.invisioncic.com/y282845/emoticons/wink.gif.608e3ea05f1a9f98611af0861652f8fb.gif

 

[mattmcss 10+ year member]

alrite well it looks like you know your stuff juju , what would be my best bet with around 2 grand to invest, i dont wanna take any risks, just wanna put it away and let it grow and be able to take money if i needed it. any suggestions?

 

[Flipx99 5,000+ posts]

panls optimal time would have been to get in this morning. Its probably gunna go up a little more then drop down a little but dont trust me cause im only 16

panl's optimum time to get in is when they learn to stop burning so much **** cash. Did you even read the fundamentals? Did you read the 10-k? Do you even know what a 10k is?

 

[Flipx99 5,000+ posts]

assuming makes you an ass.I'm an economics major with plenty of upper level courses in the market, but I bet you knew that //content.invisioncic.com/y282845/emoticons/wink.gif.608e3ea05f1a9f98611af0861652f8fb.gif

I am finance major...prolly taken similar classes with no reason to object to anything you have said. Not being a smartass, just giving you some backup

 

[bimma85 5,000+ posts]

save up some $ and invest in some ps3 systems when they come out //content.invisioncic.com/y282845/emoticons/biggrin.gif.d71a5d36fcbab170f2364c9f2e3946cb.gif

 

[Flipx99 5,000+ posts]

PTIE or Brown foreman went up big time today.

Jack Daniels and stupid luggage ftw

 

[Flipx99 5,000+ posts]

alrite well it looks like you know your stuff juju , what would be my best bet with around 2 grand to invest, i dont wanna take any risks, just wanna put it away and let it grow and be able to take money if i needed it. any suggestions?

When do you want to take the money out and how much, what has grown or the interest?

 

[mattmcss 10+ year member]

I'm not trying to make a ton of cash quick , but something that can sit for a few years and hopefully when i'm done with college it'll be built up enough so i can use it to pay off a big chunk of the student loans.

 

[Flipx99 5,000+ posts]

Are you going to withdrawl it all at once to pay off the loans? Again, I reccomend the i-bond.It pays about 6% currently, compounds monthly. The rate floats every 6 mos and is tied to the CPI (see inflation) I have about 2k in them for your specific reason. I could paty off my student loans but I make more money this way. You can go to trasurydirect.gov and buy them. There is essentially no risk. If this bond defaults it means the government has gone bankrupt. Best of all, there are no transaction costs.

 

[mattmcss 10+ year member]

Yeah, or i'd take it all out if I needed for something else, IE major car repairs or something huge like that, however i dont see that happening. How much does the rate fluctuate ? is it usually around 6 ? Do they have a minimum balance needed? can you take money out or is it just set and can only take one lump sum if needed, any time frame you MUST have the money in the account? where would I go about getting an I-Bond

Oh yea, thanks a TON for all the help, i'll do a search and find out what i can on my own but I appreciate the help.

 

[Flipx99 5,000+ posts]

Yeah, or i'd take it all out if I needed for something else, IE major car repairs or something huge like that, however i dont see that happening. How much does the rate fluctuate ? is it usually around 6 ? Do they have a minimum balance needed? can you take money out or is it just set and can only take one lump sum if needed, any time frame you MUST have the money in the account? where would I go about getting an I-Bond
Oh yea, thanks a TON for all the help, i'll do a search and find out what i can on my own but I appreciate the help.

a) you have to hold the bond for 5 years. If you redeem after one year, but before 5 the you forfeit 3 months worth of interest.

b) the rate changes by about 3%+the cpi. It is hard to predict changes in inflation. Bernake is targeting 2% which would give a return of around 5%.

c) you can buy bonds in demoninations of as little as $25

d) you buy and sell complete bonds. It isn't as easy to get in and out like a savings or checking account. The bond is like a complete item. You can't sell a piece of it. (well this kind anyway) Picture buying a sub and then selling the sub when it become more valuable. You can't sell just part of it.

e) as stated, in order to not incur penalties, you must keep it for one year.

f) http://www.treasurydirect.gov

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another alternative for you may be a high-yield savings account. http://www.emigrant-direct.com pays a little over 4% monthly and it is an actual account. It is more liquid and you can get in and out a little easier. No minimum balance and no transaction fees. They are a real deal bank. Only problem is that it takes several days to transfer the money in and outof your account.

 

[mattmcss 10+ year member]

a) you have to hold the bond for 5 years. If you redeem after one year, but before 5 the you forfeit 3 months worth of interest.
b) the rate changes by about 3%+the cpi. It is hard to predict changes in inflation. Bernake is targeting 2% which would give a return of around 5%.

c) you can buy bonds in demoninations of as little as $25

d) you buy and sell complete bonds. It isn't as easy to get in and out like a savings or checking account. The bond is like a complete item. You can't sell a piece of it. (well this kind anyway) Picture buying a sub and then selling the sub when it become more valuable. You can't sell just part of it.

e) as stated, in order to not incur penalties, you must keep it for one year.

f) http://www.treasurydirect.gov

----------------

another alternative for you may be a high-yield savings account. http://www.emigrant-direct.com pays a little over 4% monthly and it is an actual account. It is more liquid and you can get in and out a little easier. No minimum balance and no transaction fees. They are a real deal bank. Only problem is that it takes several days to transfer the money in and outof your account.

Okay I'm going to bump the hell out of an old thread but I've got some more questions

- the 4% monthly meaning, if i invest 10,000 dollars initially, every month i will recieve 400 from them?