best way/most mony in the long run

BlkMica_03

Member
:
Mazda, Protege 5
I want to invest my tax return this year as my new years resoulition so as the topic say what are some of my options
any opinions any thing will be helpful

thanks in advance
 
BlkMica_03 said:
I want to invest my tax return this year as my new years resoulition so as the topic say what are some of my options
any opinions any thing will be helpful

thanks in advance

buy Cisco stock while it's still in the $20's :)
 
WTF: Put it under your mattress man!!

No really, try a bank or financial institution they can probably be more productive than a Car Discussion Board. I know it was a shot in the dark and s***, sorryGood Luck with the saving money thing.

Later...Brian
 
check out www.investors.com, read some books, read WSJ, find some articles written by a guy named GILDER ,search online for his stuff.

Hey you know cisco really wouldnt be a bad choice either, but its such a highly traded stock that a couple of analysts say they dont like it then it will go back down.

The chinese petroleum market is pretty hot.
Here are a couple i own
QSII - it went up 5.53 today

Here are a couple good safe buys
ACO
RIO
RIMM
QCOM


If you are not really experienced in the stock market, and you want little risk in the 10% to 20% lower risk level, I would do some Mutual Funds, funds are safe and they usually dont move that fast, and you get a nice return. But dont look for anything quick on doubling your money that fast. But in the long run it gives a great return. If you would like absolute safety practically no risk, A simple Money Market Account through your bank or finacial instition would be fine. If you are planning on doing any type of trades online choose Ameritrade, I use to be with Fidelity, and Fidelity kills you on trade costs, and monthly fees. Ameritrade is the lowest, and they dont charge you for quick out fees (buying and selling fast,I.E. Day trading)

There are some great off shore Money Market Accounts too, like the 1st Bank of St.Croix, i think currently today, there MMA interest was at 12.2%, that is at least 7% higher then any US MMA and you are not taxed, but the only downside is that it is not FDIC insured.

So its your money, have fun, oh and remember if it falls any lower then 8% of what you bought it at sell it. Dont hold on. Be smart responsible, and dont get cocky. Thats number 1. If you need any help just PM me, I am a intern at Salamon, Smith , Barney. Its my second hobby, come cars.

Oh and dont be afraid to ask people questions.
Hope I was some help
 
Last edited:
Simply put? Speaking over the long term.

Start an IRA. Put the limit in it every year ($2000 with a Roth IRA). Depending on your age, if you don't touch it till your sixty, you can end up with quite a large amount and tax free.

Use your companies 401k(Nobody post some "What about Enron" BS, 99% of 401k funds are well managed) Most companies have fund matching programs and if you work long enough for the fund to become fully vested and have the company putting in money whenever you do(some companies match 100%!!!!!), this is a no brainer.
 

New Threads and Articles

Back