What's the best way to invest up to $50K?
05-04-2007, 03:49 PM
#3
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Originally Posted by Griswold
there are too many variables to answer that question so I will say beer and hookers
05-04-2007, 04:12 PM
#7
Originally Posted by Shackleford
Well, right now it's in a 12-month CD at 5.25%, I believe.
mutual funds will do more, even better if you leave it in there for the long run
What are you "plans" for it? Short or long term? House money, college fund?
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05-04-2007, 04:17 PM
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Originally Posted by Tootall
a money market account will do 7% +
mutual funds will do more, even better if you leave it in there for the long run
What are you "plans" for it? Short or long term? House money, college fund?
mutual funds will do more, even better if you leave it in there for the long run
What are you "plans" for it? Short or long term? House money, college fund?
05-04-2007, 04:32 PM
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Call this company:
https://401k.fidelity.com/401k/contactus.htm
I've been using them for about a year now, and with their choices of investments, I have been able to beat the S&P 500 by 16.9% as of this morning. I've been very pleased..
https://401k.fidelity.com/401k/contactus.htm
I've been using them for about a year now, and with their choices of investments, I have been able to beat the S&P 500 by 16.9% as of this morning. I've been very pleased..
05-04-2007, 04:47 PM
#10
Originally Posted by Shackleford
Well, it'll be my Dad's retirement. Are money market accounts or mutual funds high-risk investments? He'll be able to retire in 10 years.
no not really, they're low risk, but then again, you don't lose or gain anything until you sell.
Money market, you can make withdrawals in $500 increments, vs a mutual fund where you might be able to take money out, but you can reinvest your earnings
05-04-2007, 06:43 PM
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How about GM stock?? Oh, wait... 
I forgot - they're taking losses...
Ford Stock?? that's right, they suck too.
Ask your dad how he feels about the yen...
I forgot - they're taking losses...Ford Stock??
that's right, they suck too.Ask your dad how he feels about the yen...
05-04-2007, 06:57 PM
#13
G is absolutely right, but you have to find the right property within your spending range.
Fidelity did us very well this last year. 25.8% and 18.6% in 2 separate retirement accounts. I've been more than impressed with the fund choices available.
It beats the heck out of the $$$ I have buried in the mayo jar in the back yard
Fidelity did us very well this last year. 25.8% and 18.6% in 2 separate retirement accounts. I've been more than impressed with the fund choices available.
It beats the heck out of the $$$ I have buried in the mayo jar in the back yard
05-05-2007, 12:24 AM
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Originally Posted by G-Z06
Invest in land out near the Magnolia area.
Mark my words you will gain more then any money market account.
Take it from Experience
G
Mark my words you will gain more then any money market account.
Take it from Experience
G
grand mother just sold their house off 1488 for 220k and they got it for 97k 7 years ago. land is cheap and would be a great place to invest.
last i checked there just puttin up tons of houses
05-05-2007, 07:47 AM
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I think G is right, If you can find the right property, you can make a hefty return investing in land. And lets face it 50K is not that much to be investing for 10 years in stock or bonds, even if you did somehow get a 20% return, thats not that much to retire on. But you could double or tripple you money with a smart property investment. Take some time and talk to some exsperts because evrything has risk, and if you screw this up your dads going to be living in your den, lol.
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