Where should Dad invest his money?

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Old Mar 20, 2008 | 05:29 PM
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Default Where should Dad invest his money?

He had his money invested in a couple of CDs at his credit union, but the interest rate will only be 3% now. He has around 50K to play with. Where can he invest relatively low-risk for 5-8%?
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Old Mar 20, 2008 | 05:31 PM
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Don't take investment advice from a forum.

(don't listen to any advice below this line)
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Old Mar 20, 2008 | 05:35 PM
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Originally Posted by 2 SLOW
Don't take investment advice from a forum.

(don't listen to any advice below this line)
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Well, there could be knowledgeable people on here. ????
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Old Mar 20, 2008 | 05:52 PM
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^ or people who are good with search engines. Countrywide FSB 4% CD. Looks pretty safe to me. It ain't 5-8 but it's not 3 either.

https://bank.countrywide.com/landing...r=50000&term=6
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Old Mar 20, 2008 | 05:56 PM
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I believe wachovia bank has a savings account deal that locks in 5% interest. At least thats what they where hitting hitting me up about it last time I was there.
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Old Mar 20, 2008 | 05:59 PM
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Originally Posted by craz1469
I believe wachovia bank has a savings account deal that locks in 5% interest. At least thats what they where hitting hitting me up about it last time I was there.
Oh. I don't see that on their website.
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Old Mar 20, 2008 | 05:59 PM
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Originally Posted by BigPapi61
^ or people who are good with search engines. Countrywide FSB 4% CD. Looks pretty safe to me. It ain't 5-8 but it's not 3 either.

https://bank.countrywide.com/landing...r=50000&term=6
Yeah, that's not too bad right now.
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Old Mar 20, 2008 | 06:07 PM
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Originally Posted by 2 SLOW
Don't take investment advice from a forum.

(don't listen to any advice below this line)
_____________________________________________
Dude you really are a dick. I've just had a bad vibe for you ever since you posted the thread talking trash about the pewter Z guy. Maybe someone on here is a financial adviser???

How long does he plan to invest it? If he plans to invest it for a long time right now is a good time to buy some land. Land is one of the few assets that does not depreciate overtime. Now that the fed just decreased interest rates again, now definitely isn't a bad time.
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Old Mar 20, 2008 | 06:10 PM
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Originally Posted by Brian2006
Dude you really are a dick. I've just had a bad vibe for you ever since you posted the thread talking trash about the pewter Z guy. Maybe someone on here is a financial adviser???

How long does he plan to invest it? If he plans to invest it for a long time right now is a good time to buy some land. Land is one of the few assets that does not depreciate overtime. Now that the fed just decreased interest rates again, now definitely isn't a bad time.
That's a good idea. They're building a theme park around 1314. Maybe Dad can find some commercial land or something up there.
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Old Mar 20, 2008 | 06:15 PM
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tell him to buy a new Z06, cars are great investments...
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Old Mar 20, 2008 | 06:17 PM
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Originally Posted by BigSteele
tell him to buy a new Z06, cars are great investments...
No. They're not.
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Old Mar 20, 2008 | 06:20 PM
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Originally Posted by Brian2006
Dude you really are a dick. I've just had a bad vibe for you ever since you posted the thread talking trash about the pewter Z guy. Maybe someone on here is a financial adviser???

How long does he plan to invest it? If he plans to invest it for a long time right now is a good time to buy some land. Land is one of the few assets that does not depreciate overtime. Now that the fed just decreased interest rates again, now definitely isn't a bad time.
and you are a ****** for taking that thread seriously because I was making fun of myself just as much as the thread starter. I've had PM's with him since, I don't think his ******* is sore about it like yours is.


and everyone's situation is different, I've seen 1000+ financial threads on forums, only one has ever been a good thread and it went 300+ pages.
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Old Mar 20, 2008 | 06:23 PM
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Originally Posted by 2 SLOW
and you are a ****** for taking that thread seriously because I was making fun of myself just as much as the thread starter. I've had PM's with him since, I don't think his ******* is sore about it like yours is.


and everyone's situation is different, I've seen 1000+ financial threads on forums, only one has ever been a good thread and it went 300+ pages.
Well, that one guy posted the best interest rate for CDs I've seen so far.
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Old Mar 20, 2008 | 06:25 PM
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Originally Posted by Shackleford
Well, that one guy posted the best interest rate for CDs I've seen so far.
there were savings accounts with better interest rates recently
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Old Mar 20, 2008 | 06:37 PM
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Originally Posted by 2 SLOW
there were savings accounts with better interest rates recently
You're below the line. He can't take your advice
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Old Mar 20, 2008 | 06:38 PM
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Originally Posted by 2 SLOW
there were savings accounts with better interest rates recently
Where?
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Old Mar 20, 2008 | 06:52 PM
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Originally Posted by Brian2006
You're below the line. He can't take your advice
Good.
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Old Mar 20, 2008 | 06:53 PM
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Originally Posted by Shackleford
He had his money invested in a couple of CDs at his credit union, but the interest rate will only be 3% now. He has around 50K to play with. Where can he invest relatively low-risk for 5-8%?
Had you done a search you would have seen this..

LS1tech Money Market Section.
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Old Mar 20, 2008 | 06:55 PM
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Originally Posted by _Zac
Had you done a search you would have seen this..

LS1tech Money Market Section.

you bitch lol
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Old Mar 20, 2008 | 07:16 PM
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Invest in Visa, it IPO'd like 2 days ago

Wait until a decent entry price though.
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