Where to invest savings?

[Oak244 10+ year member]

So I saw an add for Citibank to earn 4.75% APY in an E-Savings account. My grandmother passed away a few weeks ago, and I inherited some money. I would like to hold this money for 2 years untill I finish school and use it as part of a down payment on a house. Anyone have some good investment idea's in which I will not loose but gain money over the next 2 years? Since the money is from a death of a loved one, you can understand I do not wish to loose any of what was given to me. For this reason I will not play the stock market, and such. Just wondering if anyone knew of anything?

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[JimJ 5,000+ posts]

Oil company stocks //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif

 

[Chevillac 5,000+ posts]

CDs or money market.

 

[AcidicDreams 10+ year member]

So I saw an add for Citibank to earn 4.75% APY in an E-Savings account. My grandmother passed away a few weeks ago, and I inherited some money. I would like to hold this money for 2 years untill I finish school and use it as part of a down payment on a house. Anyone have some good investment idea's in which I will not loose but gain money over the next 2 years? Since the money is from a death of a loved one, you can understand I do not wish to loose any of what was given to me. For this reason I will not play the stock market, and such. Just wondering if anyone knew of anything?

don't "play" the stock market... buy and index fund on the wilshite 5000 or something similar... you'll get much higher returns. go chart the wilshire over the longest period you can. the stock market should avg ~12%. If you want to be safer do bonds, CD's, etc... you'll just get a lower return... better yet do 1/2 and 1/2 or go get yourself a fee based financial advisor (the commision based ones are merely salesman) and get some real advice.....

 

[iagrdshaka 5,000+ posts]

Microsoft stock

Its super cheap right now.

 

[phildapimp89 10+ year member]

Invest in Jim Kramers portfolio. He has like a minimum of a 20% return.

Don't forget to shoot him out a booya when ur rollin in the $$.

 

[Johnny Drama 5,000+ posts]

I use A.G. Edwards for my investments. I havent seen lower then 10% since I started and I earned 13% this year //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif

 

[bibby 5,000+ posts]

merely salesman

//content.invisioncic.com/y282845/emoticons/crying.gif.ec0ebefe590df0251476573bc49e46d8.gif Hey Hey Now!

But seriously, i know //content.invisioncic.com/y282845/emoticons/frown.gif.a3531fa0534503350665a1e957861287.gif LOL.

 

[Oak244 10+ year member]

Microsoft stock
Its super cheap right now.

It does seem low at $22.?? But why did it drop, and two what will stop it from falling further. Like I say, I would hate to loose any of this. I am Getting $5,000 so I could possibly put $2,500 in something safe, and $2,500 is stocks. I will get more money once we finish and investment property and it sells, which I will add to this. But like I say, at the end of 2 years I do not want less then $5,000, and since I have lost my butt in the stock market in the past it scares me lol!

 

[phildapimp89 10+ year member]

Diversify of course. Microsoft would be a good option right now though. They cannot just dissappear out of nowhere. And I do not think you will be seeing any accounting scandals going on with them. Their numbers seem accurate just looking at them and looking at all the Microsoft prodcuts in my house.

 

[wgaede 10+ year member]

You can put it in my bank account. I'll keep it safe for you

 

[AcidicDreams 10+ year member]

It does seem low at $22.?? But why did it drop, and two what will stop it from falling further. Like I say, I would hate to loose any of this. I am Getting $5,000 so I could possibly put $2,500 in something safe, and $2,500 is stocks. I will get more money once we finish and investment property and it sells, which I will add to this. But like I say, at the end of 2 years I do not want less then $5,000, and since I have lost my butt in the stock market in the past it scares me lol!

do a search on google for a TVM calculator.... then decide where to put your money... are you looking to start a retirement account? I house down payment fund? etc etc... you need goals, direction and such before you do anything...

and if your're looking for a "safe" way to invest in the stock market buy market index funds rather than individual stocks...

but seriously get yourself a fee based financial advisor rather than looking for help on a car audio message board...

 

[Ignatowski 5,000+ posts]

Your on the right track,

I bounce cash into CD's and short term bank acct promos...

Its not a great way to make money at all though .

Right now I dont have time to babysit the stock market and mutual fund's

which changes so rapidly these days...If you dont hawk it you could loose your shirt

IMO the best way to make money is in realestate...

Esp fixer uppers,but that market is filled with bottom feeders

looking for that same investment so you have to move fast

 

[zachzchw 5,000+ posts]

... are you looking to start a retirement account? I house down payment fund? etc etc....

First post.......house payment when hes out of school.

Id put half into stocks that have little chance of losing value, and the other half into a CD.

 

[AcidicDreams 10+ year member]

First post.......house payment when hes out of school.

Id put half into stocks that have little chance of losing value, and the other half into a CD.

whoops... missed that... I agree, if it's just for two years and he wants to MAKE money he's going to have to take a risk... or only make a small amount of gain