TEX02SS

iTrader: (2)

JPMorgan Private Bank - Managed account, no loads, annual expense fee, periodic rebalancing, professional management, institutional funds, proven track record

Urban Legend

iTrader: (5)

WWW.TROWEPRICE.COM These guys have served me well. Call them and explain your situation. They will steer you right with no pressure to invest now.

pdanrichey

iTrader: (4)

That's gay! I own Nvidia stock and it's up over 17% in less than 2 months. I bought it shortly after the market had its correction at the end of February.

Even my mutual funds are up over 7% since the beginning of the year.

pdanrichey

iTrader: (4)

That's a load of ! The best money markets are paying 5.2-5.3% and it fluctuates. The average right now is in the mid 4s.

Vanguard prime MM is one of the best and most consistant out there. I think it's has a 5.1-5.2 yield right now.

My trading cash is in Fidelity cash reserves and it's at like 4.93% last I checked.

The S&P 500 has yielded over 11% annual compounded returns since inception. Even with the really bad years in the market, that's still the average over time. Most mutual funds don't even keep up with it, which is sad b/c we pay the $$ manager a fee to beat the S&P and it often does not happen.

IMO, money is flowing into the large cap companies right now. European stocks or funds would be a good play right now. I think Utilities and Financials are a good play also. I was telling everyone back in the middle of summer to buy Apple stock...now it's up almost 100% !! Many of my clients have been blessed by that deal.

pdanrichey

iTrader: (4)

That's good, but she really only did about 12.5% compounded a year on that deal.

I sell funds that have way outperformed that in the last 7 years. It's not hard to do...just suck it up and put the money in the market. Equities are underpriced right now. Consider the P/E ratios of today verses the mid 90s (before inflation ran out of control). Stocks are cheap. Bonds and commodities are in line right now, but the market has still not fully recovered from 6-7 years ago.

I still think the Fed is going to raise rates one more time this year...probably early summer. So, look for a correction in the market again like we had at the end of Feb. It will recover though. I'm guessing the S&P will be around 1620 by the end of the year and the Dow at 14250.

Casper9T9

iTrader: (1)

I think you guys are missing a key point. It's his dad's retirement money and he is going to retire in 10 years. He needs to be in a low-risk environment. At his age, he needs to keep that money, not lose it in the market. Invest in bonds, MMAs, and CDs. I would consider real estate as high-risk and something to avoid as well.

1320FEVER

iTrader: (9)

I tend to agree. Many real estate experts feel that real estate is on a "bubble" right now that could burst at any moment. But that depends alot on location. I don't see anyone losing money on land in Magnolia.

Plus, he needs to be able to pull money out if he needs to which is hard to do when you have it tied up in real estate. But if he plans to use the land to build a house, it may not bad a bad idea.

Splitz

iTrader: (1)

Put the money as avilable cash to pay for gas....we're expectring $100+ per barrel of oil which equates to $5/gallon.

1320FEVER

iTrader: (9)

Or you can put the money in oil service companies such as Halliburton (ticker symbol: HAL) or Schlumberger (SLB), KBR, etc etc because right now they have more work than people do it. I get calls from recruiters all the time. These companies are going to make some serious money the next few years. Stocks like this are risky though, maybe not good advice for someone getting ready to retire.

LT1wannabe

iTrader: (2)

Actually, if you bought $50k in Ford stock, you could make a killing if you do it right. I've been watching and have noticed some interesting trends, but you would need at least 20g's imo to make it work. Here's how to do it.....
Get on an online trading site where your first x amount of trades are free. Buy $50k worth of Ford when they hit as close to $7 as you think they'll get. Then, the next day when they hit $8, sell. With 50 grand invested, you would make approximately $3k to $5k if the stock only goes up 50 cents a share. You could do that about 10 or 15 times before you had to pay anything. But then you could just switch to another online trading site for free. It sounds risky, but that's how traders make their living. It's called day trading.

LT1wannabe

iTrader: (2)

SLB sucks. The whole industry hates them right now. Halliburton's doing ok, but I wouldn't buy them right now if I were you. Trust me. But if you catch a major operator at a relative low, it would be a good steal. Marathon is the popular pick right now, but they're having major problems on a lot of their wells. Again, trust me on that one. BP, Chevron Texaco, and Exxon Mobil are never bad choices in the boom. Especially Exxon Mobil, because they spend so much on R&D. When a boom like this hits and the market demands an alternative, they'll be able to deliver.

pdanrichey

iTrader: (4)

I sold Ford a couple of weeks ago for a small profit. Bought it in the mid 7s, sold it in the low 8s. Not a ton of gain, but it happened over a 3 week period...so I can't complain.

Energy stocks tend to be cyclical, so I'd be careful about investing now unless you're going for the long haul. They tend to peak in summer and hit lows in late winter...you sort of missed the boat on that one.

Reznor

iTrader: (4)

used enzo

Splitz

iTrader: (1)

Cars are not investments! especially "newer" ones.

If anybody considers their LS1 as an investment, they need some SERIOUS education...

bmxer8699

iTrader: (16)

i wish theyd lower the rates so i could play the 2 yr note

Urban Legend

iTrader: (5)

I have been saying the same thing. Especially to the young kids.

LT1wannabe

iTrader: (2)

How exactly does that work? You mean old school cars and fix them up? Or you just shop around?

ulySSes

Real estate. It's been going great for me so far.

01ArcticSS

iTrader: (1)

If I had more time and money I'd do day trading - like you said, you can make a KILLING on some of these companies....

TXCAMSS

iTrader: (60)

I just caught that.lol.

Thanks for filling the hole back up