I sold my Mercury Grand Marquis and leased a 2011 Civic for the $190/month 35 months and want to invest two years worth of payments and then 1 years worth the 2nd year. Hoping to earn enough each time to knock out a payment. Ideas? CD rates are pitiful around here.
need the best two year investment...
- Thread starter dwcopple
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CDs or an online savings account are probably your best bet. but like you said, interests rates suck on pretty much everything right now. so don't expect to make a whole lot
Define 'investment'. You mention CD rates, i.e. INCOME, but what is your objective, income or growth/captal gains? What is your time frame? If you're just looking for a place to park your money for a short time to beat CD rates, that's one thing. But, buying equities low and selling high is quite another. Your question as stated is impossible to answer.
As an income investor, I commonly receive 7-15% annual returns paid monthly/quarterly. But, preservation of capital with anticipated growth is also an objective for the longer haul. What is your objective?
As an income investor, I commonly receive 7-15% annual returns paid monthly/quarterly. But, preservation of capital with anticipated growth is also an objective for the longer haul. What is your objective?
APPle, Illinois Took Works or Coke stock.
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Originally Posted By: Hallmark
Define 'investment'. You mention CD rates, i.e. INCOME, but what is your objective, income or growth/captal gains? What is your time frame? If you're just looking for a place to park your money for a short time to beat CD rates, that's one thing. But, buying equities low and selling high is quite another. Your question as stated is impossible to answer.
As an income investor, I commonly receive 7-15% annual returns paid monthly/quarterly. But, preservation of capital with anticipated growth is also an objective for the longer haul. What is your objective?
My objective is to make the money I got from selling my Mercury that is set aside to pay this Honda lease do something instead of sit stagnant. I am looking for something that will get me more than 1.25-1.5% APY. I guess I just am wondering what my BEST option is. What would you do?
Define 'investment'. You mention CD rates, i.e. INCOME, but what is your objective, income or growth/captal gains? What is your time frame? If you're just looking for a place to park your money for a short time to beat CD rates, that's one thing. But, buying equities low and selling high is quite another. Your question as stated is impossible to answer.
As an income investor, I commonly receive 7-15% annual returns paid monthly/quarterly. But, preservation of capital with anticipated growth is also an objective for the longer haul. What is your objective?
My objective is to make the money I got from selling my Mercury that is set aside to pay this Honda lease do something instead of sit stagnant. I am looking for something that will get me more than 1.25-1.5% APY. I guess I just am wondering what my BEST option is. What would you do?
CD rates are pitiful everywhere. However, if you're leaning in that direction, an Internet bank might give you a better rate. Of course, do your homework on bankrate and other sites to make sure the bank is stable and their customer service acceptable.
Not knowing your investment skills, I'll offer two alternatives for a two year time frame (out of thousands of alternatives).
(1) If you're conservative and just looking to park your $$ while beating the CD route, put your $$ in a no-load fixed income mutual fund such as Vanguard Ginnie Mae (ticker VFIIX) that has a relatively stable price and pays 3% plus dividends. Another option would include Northeast Investors Trust (ticker NTHEX)paying nearly 6% DIVIDENDS.
(2) If you wish to take reasonable/minimal risks and seek both dividends and hopefully, capital gains, buy stock, e.g. Verizon (ticker VZ) paying 5%+ dividends or AT&T (ticker T)paying 6%+ dividends.
Alternative: If all of this sounds like some foreign language or you have to spend $$ to pay fees/loads or some jerk (aka investment advisor) to make such investments, disregard the above recommendations and just park your $$ in a credit union CD.
(1) If you're conservative and just looking to park your $$ while beating the CD route, put your $$ in a no-load fixed income mutual fund such as Vanguard Ginnie Mae (ticker VFIIX) that has a relatively stable price and pays 3% plus dividends. Another option would include Northeast Investors Trust (ticker NTHEX)paying nearly 6% DIVIDENDS.
(2) If you wish to take reasonable/minimal risks and seek both dividends and hopefully, capital gains, buy stock, e.g. Verizon (ticker VZ) paying 5%+ dividends or AT&T (ticker T)paying 6%+ dividends.
Alternative: If all of this sounds like some foreign language or you have to spend $$ to pay fees/loads or some jerk (aka investment advisor) to make such investments, disregard the above recommendations and just park your $$ in a credit union CD.
Probably not what you want to hear, but I'd recommend a drip-dry suit.
http://www.britishpathe.com/record.php?id=45132
http://www.britishpathe.com/record.php?id=45132
Originally Posted By: crinkles
i'm gettign 6% in online savings right now. stay out of stocks or bonds.
through which bank if you don't mind me asking? the best i can find is 1.30% right now
i'm gettign 6% in online savings right now. stay out of stocks or bonds.
through which bank if you don't mind me asking? the best i can find is 1.30% right now
Originally Posted By: jmsjags
Originally Posted By: crinkles
i'm gettign 6% in online savings right now. stay out of stocks or bonds.
through which bank if you don't mind me asking? the best i can find is 1.30% right now
I'm listening.
Originally Posted By: crinkles
i'm gettign 6% in online savings right now. stay out of stocks or bonds.
through which bank if you don't mind me asking? the best i can find is 1.30% right now
I'm listening.
what hallmark said, in both of his posts.you're not giving enough details in order to get intelligent/responsible replies. you have to include inflation into the equation, as well.if you're not going to earn at least a couple of points above the rate of inflation, you might as well put it in your mattress.eg. - you get a cd for 1.8%, and inflation is 2.2% -- it's costing you $$$ to have that cd.as well, there are tax issues when you take out your money.hence the mattress reference.
a few of us are in dividend paying stocks -- and all pay double digit dividends. they're out there -- you just have to do your dd.good luck.
a few of us are in dividend paying stocks -- and all pay double digit dividends. they're out there -- you just have to do your dd.good luck.
Originally Posted By: dwcopple
so how about precious metals? I've pretty much detailed what I want out of the investment. Earn enough to get a free payment or two out of it.
One strategy for an investment is to 'buy low, sell high' (unless you're shorting). With precious metals currently at or near all time highs, do you want to buy now? Perhaps, but only if you're convinced that prices will continue appreciating. After receiving some doubles/triples on metals, I'm considering selling! Also, don't forget to factor in brokerage costs for metals trading.
so how about precious metals? I've pretty much detailed what I want out of the investment. Earn enough to get a free payment or two out of it.
One strategy for an investment is to 'buy low, sell high' (unless you're shorting). With precious metals currently at or near all time highs, do you want to buy now? Perhaps, but only if you're convinced that prices will continue appreciating. After receiving some doubles/triples on metals, I'm considering selling! Also, don't forget to factor in brokerage costs for metals trading.
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obviously, you're not grasping what hallmark and i have stated.
as well,you're leaving out THE most important detail. what is your level of risk tolerance ? you have to be able to sleep at night.
it's obvious, per your posts,that you have little knowledge about investing.no disrespect-- just stating fact.i don't have the patience to "play tag" trying to drag relevant info from you.we'll be here all day before i get the info that i need to give you responsible choices. i guess that is one of my character flaws.
perhaps another bitoger with more patience will come to your aid.good luck, and have a good day.
as well,you're leaving out THE most important detail. what is your level of risk tolerance ? you have to be able to sleep at night.
it's obvious, per your posts,that you have little knowledge about investing.no disrespect-- just stating fact.i don't have the patience to "play tag" trying to drag relevant info from you.we'll be here all day before i get the info that i need to give you responsible choices. i guess that is one of my character flaws.
perhaps another bitoger with more patience will come to your aid.good luck, and have a good day.
Originally Posted By: Hallmark
Originally Posted By: dwcopple
so how about precious metals? I've pretty much detailed what I want out of the investment. Earn enough to get a free payment or two out of it.
One strategy for an investment is to 'buy low, sell high' (unless you're shorting). With precious metals currently at or near all time highs, do you want to buy now? Perhaps, but only if you're convinced that prices will continue appreciating. After receiving some doubles/triples on metals, I'm considering selling! Also, don't forget to factor in brokerage costs for metals trading.
Actually in inflation adjusted terms, gold is still half it's all time high.
Originally Posted By: dwcopple
so how about precious metals? I've pretty much detailed what I want out of the investment. Earn enough to get a free payment or two out of it.
One strategy for an investment is to 'buy low, sell high' (unless you're shorting). With precious metals currently at or near all time highs, do you want to buy now? Perhaps, but only if you're convinced that prices will continue appreciating. After receiving some doubles/triples on metals, I'm considering selling! Also, don't forget to factor in brokerage costs for metals trading.
Actually in inflation adjusted terms, gold is still half it's all time high.
Gold, used guns, ammo and cash.
To get the Aus rate you'll have to trust paper and have more than a few grand.
To get the Aus rate you'll have to trust paper and have more than a few grand.
Originally Posted By: Pablo
To get the Aus rate you'll have to trust paper and have more than a few grand.
No idea what this means. And you are correct in saying I have little idea on investing. I am not looking for high risk or to lose any money, that would defeat the purpose. All I want to know is what is the most responsible thing to do with this hunk of cash to earn be a few bills while it sits waiting to make lease payments next year and the year after?
To get the Aus rate you'll have to trust paper and have more than a few grand.
No idea what this means. And you are correct in saying I have little idea on investing. I am not looking for high risk or to lose any money, that would defeat the purpose. All I want to know is what is the most responsible thing to do with this hunk of cash to earn be a few bills while it sits waiting to make lease payments next year and the year after?
I'd personally just try and find the highest rate CD you can and stick it there. Maybe try the raise your rate CD. 2 years is a short timespan for investing if you're not a day trader, and you said you really don't want to lose the money. That's the most responsible thing to do IMO. You could maybe try and stick it into a very conservative bond mutual fund like Pimpco total return, but they even liquidated all their treasury holdings. It's kind of a tough time to invest money, when the risk free return on investment is essentially 0%!
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