Recommendation ? Investment strategies.

**POLLO** · 07-23-2005, 04:05 PM

Let's say that every month you stash away in a sock $1000 - $1500.00 every month after you cover the rest of your living, and entertainment expenses and currently you keep pumping that amount of cash in a savings account.

Where else would you recommend you stash this cash that you are doing nothing with it, or plan do to something within a year ? I do not own a house, and obviously that's wil be the plan, the burning question is where can I stash this cash. Leave it where it is ? Or look for other investment options ? ideas ?

**number_2** · 07-23-2005, 04:13 PM

i'm an advocate of mutual funds, because my parents, grandparents, and myself have pumped money into one for me my entire life, and it's now putting me through college.

only thing is, most mutual funds (at least the ones i've come into contact with) are geared towards long term investment. they try to pick safe companies that will grow in worth gradually over longer periods. of course, as with anything, there are high and low risk mutual funds. but in the short term (your year, for example), no matter what type of fund it is, i'd predict that the yield is likely to mirror the activity of the market as a whole.

Dunecune442 · 07-23-2005, 04:15 PM

If you want a good sized profit dont bother with banks. However if you would like to take a risk then Id either put it in low risk or a mutual fund.

The bank would probably be your best bet if you have everything set up already, just waiting for the right time. However you will get very little in profit. I personaly like trading stocks. Short term, high risk low cost penny stocks are my favorite.

Whaazup17 · 07-23-2005, 06:04 PM

fuck all that. Put it in a cd. Shit even 6 months with 10k at the bank I know at 3.05%
will bring in 25 dollars a month. I dont think that is to bad and you keep putting money in that just goes up and up

**XtremeVision** · 07-23-2005, 06:29 PM

wow, 25.00 a month on 10gs...wtf...thats shitty as hell...fuck, paypal pays 3.05% on your money..lol......there are much better ways to turn a profit on 10gs then with the bank, thats for sure...

Charles · 07-23-2005, 06:41 PM

If you are looking to be able pull this cash out at any time without penalty and want little to no risk of losing principle I would just look for the highest paying money market account you can find without any monthly maintenance/BS fees. If you dont mind some risk, chose bonds or stocks or a mixed blend of the two to buy into monthly. www.vanguard.com has a variety of funds to choose from usually only need 3k to start, there are many others out there too.

Dunecune442 · 07-23-2005, 06:43 PM

I would personaly buy a house now with 10gs...

If your any good with stocks you can play with those.

Please note I said if you want the "safe" way you can bank it... I only have money in the bank in case of emergencies, nothing more than 2,000. Some people like using the bank, I dont.

Pollo how big of a house are you looking into? 10gs will take care of most of a downpayment.

**POLLO** · 07-23-2005, 06:52 PM

Quote:

Originally Posted by Dunecune442

I would personaly buy a house now with 10gs...

If your any good with stocks you can play with those.

Please note I said if you want the "safe" way you can bank it... I only have money in the bank in case of emergencies, nothing more than 2,000. Some people like using the bank, I dont.

Pollo how big of a house are you looking into? 10gs will take care of most of a downpayment.

Im not particularly picky on my first home. Since Im single Im gonna focus on something like a condo, or a town home. I am aware on what it takes for a down payment on a home and the options that I have available.

I mentioned purchasing a place because its going to be my first major purchase, until I take that initial step, Im just stashing away what I have extra. . This does not include my 401k, emergency fund, ect. that i've been working on since I joined the workforce.

Charles · 07-23-2005, 06:53 PM

Quote:

Originally Posted by POLLO

This does not include my 401k, that i've been working on since I joined the workforce.

When did they start offering benefits like this on the strawberry farms??

**POLLO** · 07-23-2005, 06:58 PM

Quote:

Originally Posted by Charles

When did they start offering benefits like this on the strawberry farms??

You'd be surprised the type of benefits they offer us strawberry field workers.

Dunecune442 · 07-23-2005, 07:11 PM

move to plant city so the drive isnt TOO far. Either that or you can rent a trailer from your employer and watch the strawberries grow at night and sing them lullabyes. Ive heard they grow faster.

On a serious note I wasnt questioning your knowledge in this area. I was just giving you my choice if I were in a situation. Gotta love foreclosed homes...

Whaazup17 · 07-23-2005, 09:11 PM

Quote:

Originally Posted by XtremeVision

wow, 25.00 a month on 10gs...wtf...thats shitty as hell...fuck, paypal pays 3.05% on your money..lol......there are much better ways to turn a profit on 10gs then with the bank, thats for sure...

really? I got 5k in the bank. I got it in a savings account 2.57%. I am thinking about putting 4500 in a cd and 500 in the savings account. If you say that is a bad investment. Please tell me what you suggest I do with it?

**number_2** · 07-23-2005, 09:56 PM

savings accounts aren't really for investing. they're for saving. there's a difference, at least in my mind.

Whaazup17 · 07-23-2005, 10:25 PM

yea? Then what do you say? EVerybody says mutual funds. I dont know if I really want to go that way...

DeadSexY · 07-23-2005, 11:30 PM

good stuff!

**number_2** · 07-24-2005, 01:44 AM

i already stated that mutual funds are my preferred method of investment. see above. they've worked out well for me in the past. the small print is that they seem to function best when used for long term investing rather than an easy way to make a quick buck. and the disclaimer is that all of this is simply my take, based on my own experiences.

**Amortized** · 07-24-2005, 03:10 AM

Quote:

Originally Posted by POLLO

Let's say that every month you stash away in a sock $1000 - $1500.00 every month after you cover the rest of your living, and entertainment expenses and currently you keep pumping that amount of cash in a savings account.

Where else would you recommend you stash this cash that you are doing nothing with it, or plan do to something within a year ? I do not own a house, and obviously that's wil be the plan, the burning question is where can I stash this cash. Leave it where it is ? Or look for other investment options ? ideas ?

how much cash is in the sock currently? many investments require a certain amount to initially invest. What are you saving this money for? How bad would it be if you had a hole in your sock and a you lost a bunch of money? Basically, how risk averse are you? Being only a year, I wouldn't expect much of a return unless you invest in "pharmacuticals". But boy oh boy is that risky.

Dunecune442 · 07-24-2005, 04:44 AM

yes, pharmaceuticals are probably the highest risk stock you can invest in. A company will have a great miracle drug thats going to hit the market and everybody buys into it and the stock soars!

Then the fucking FDA says no go and the company no longer exists

**_Charles_** · 07-24-2005, 09:30 AM

The value in the house will increase MUCH faster than any reasonable investment. I judge investment homes as a possible risk, but a personal residence is 100% reccomended.

The average renter has a net worth of $4,000, while the average homeowner has a net worth of $150,000.

In your situation, I would find a way to buy your first home (or at least sign a contract at pre-construction prices to build one. The longer you wait, the harder it will be.

Whaazup17 · 07-24-2005, 11:56 AM

What is the average returns on mutual funds?

07-23-2005, 04:05 PM	#1 (permalink)
POLLO /dev/null	Recommendation ? Investment strategies. Let's say that every month you stash away in a sock $1000 - $1500.00 every month after you cover the rest of your living, and entertainment expenses and currently you keep pumping that amount of cash in a savings account. Where else would you recommend you stash this cash that you are doing nothing with it, or plan do to something within a year ? I do not own a house, and obviously that's wil be the plan, the burning question is where can I stash this cash. Leave it where it is ? Or look for other investment options ? ideas ?

07-23-2005, 04:13 PM	#2 (permalink)
number_2 ...isn't other people.	i'm an advocate of mutual funds, because my parents, grandparents, and myself have pumped money into one for me my entire life, and it's now putting me through college. only thing is, most mutual funds (at least the ones i've come into contact with) are geared towards long term investment. they try to pick safe companies that will grow in worth gradually over longer periods. of course, as with anything, there are high and low risk mutual funds. but in the short term (your year, for example), no matter what type of fund it is, i'd predict that the yield is likely to mirror the activity of the market as a whole.

07-23-2005, 04:15 PM	#3 (permalink)
Dunecune442 Life is beautiful	If you want a good sized profit dont bother with banks. However if you would like to take a risk then Id either put it in low risk or a mutual fund. The bank would probably be your best bet if you have everything set up already, just waiting for the right time. However you will get very little in profit. I personaly like trading stocks. Short term, high risk low cost penny stocks are my favorite.

07-23-2005, 06:04 PM	#4 (permalink)
Whaazup17 Registered User	fuck all that. Put it in a cd. Shit even 6 months with 10k at the bank I know at 3.05% will bring in 25 dollars a month. I dont think that is to bad and you keep putting money in that just goes up and up

07-23-2005, 06:29 PM	#5 (permalink)
XtremeVision TR Balla Donor Supreme	wow, 25.00 a month on 10gs...wtf...thats shitty as hell...fuck, paypal pays 3.05% on your money..lol......there are much better ways to turn a profit on 10gs then with the bank, thats for sure...

07-23-2005, 06:41 PM	#6 (permalink)
Charles Senior Member	If you are looking to be able pull this cash out at any time without penalty and want little to no risk of losing principle I would just look for the highest paying money market account you can find without any monthly maintenance/BS fees. If you dont mind some risk, chose bonds or stocks or a mixed blend of the two to buy into monthly. www.vanguard.com has a variety of funds to choose from usually only need 3k to start, there are many others out there too.

07-23-2005, 06:43 PM	#7 (permalink)
Dunecune442 Life is beautiful	I would personaly buy a house now with 10gs... If your any good with stocks you can play with those. Please note I said if you want the "safe" way you can bank it... I only have money in the bank in case of emergencies, nothing more than 2,000. Some people like using the bank, I dont. Pollo how big of a house are you looking into? 10gs will take care of most of a downpayment.

07-23-2005, 07:11 PM	#11 (permalink)
Dunecune442 Life is beautiful	move to plant city so the drive isnt TOO far. Either that or you can rent a trailer from your employer and watch the strawberries grow at night and sing them lullabyes. Ive heard they grow faster. On a serious note I wasnt questioning your knowledge in this area. I was just giving you my choice if I were in a situation. Gotta love foreclosed homes...

07-23-2005, 09:56 PM	#13 (permalink)
number_2 ...isn't other people.	savings accounts aren't really for investing. they're for saving. there's a difference, at least in my mind.

07-23-2005, 10:25 PM	#14 (permalink)
Whaazup17 Registered User	yea? Then what do you say? EVerybody says mutual funds. I dont know if I really want to go that way...

07-23-2005, 11:30 PM	#15 (permalink)
DeadSexY diballacully slow	good stuff!

07-24-2005, 01:44 AM	#16 (permalink)
number_2 ...isn't other people.	i already stated that mutual funds are my preferred method of investment. see above. they've worked out well for me in the past. the small print is that they seem to function best when used for long term investing rather than an easy way to make a quick buck. and the disclaimer is that all of this is simply my take, based on my own experiences.

07-24-2005, 04:44 AM	#18 (permalink)
Dunecune442 Life is beautiful	yes, pharmaceuticals are probably the highest risk stock you can invest in. A company will have a great miracle drug thats going to hit the market and everybody buys into it and the stock soars! Then the fucking FDA says no go and the company no longer exists

07-24-2005, 09:30 AM	#19 (permalink)
_Charles_ formerly 'RiceRocket'	The value in the house will increase MUCH faster than any reasonable investment. I judge investment homes as a possible risk, but a personal residence is 100% reccomended. The average renter has a net worth of $4,000, while the average homeowner has a net worth of $150,000. In your situation, I would find a way to buy your first home (or at least sign a contract at pre-construction prices to build one. The longer you wait, the harder it will be.

07-24-2005, 11:56 AM	#20 (permalink)
Whaazup17 Registered User	What is the average returns on mutual funds?