|
|
| *Home>>>Investment Account |
What is the best way of investment if you had $10,000 sitting in your checking account? |
Interest rates are really low right now. I'm wondering if there are other methods (low risk) that I can take to get a return that is a little higher than savings/CD accounts. if you do not have a roth ira -- put 5K in it for the 2007 tax year and 5k for the 2008 tax year -- even at 4% since the interest in not taxable you will be reaping a great return!!! Overseas Mutual Funds...www.americancentury.com CDs in Countrywide bank are good. 90 days for 6.5% to 7% cannot get better with no risk whatsoever. That depends on your risk tolerance (which sounds low) and your time frame for needing the money. Short term you can use an online bank (ING Direct provides a good return and is FDIC insured). If you have a longer time horizon, a good mutual fund with some overseas exposure would be good. Go to a Smith Barney office or similiar, get started on a Roth IRA, you could go ahead and do your 2007 max and 2008...I forget the dollar figures at the max but you could cover both years and still have some left over. Invest in mutual funds. the law of money..low risk.low reward.............high risk(sometimes) high reward.............. |
| Tags |
| Investment Company Investment Calculator Investment Bank Investment Advice Investment Account Invest Money Invest in Gold Invest Fund Income Fund |
| Related information |
Not really. But what you can do is open a bank account in Canadian dollar. EverBank an FDIC insured bank has World Currency account would allow Canadian dollars. ... If you want non-taxable and untraceable then you probably want to go with things like precious metals and keep them in a safe deposit box. To the best of my knowledge, any regular investment of... P = A(1 + i)^n 6000 is 2/3 of 9000 9000 = 6000(1.087)^n (1.087)^n = 1.5 n(ln (1.087)) = ln (1.5) n = (ln (1.5))/(ln 1.087) n = 4.86 yrs . ...do NOT invest if you have no knowledge... 90% of ppl investing in stocks end up loosing ... If you do have an intrest start reading stock news / previews / tips etc... www.sharekhan.com is... You could try & Google for Investment club software ... PROSHARE is the 'number one' Club reference & have a software section - ... Margin is simply a function of securities in your trading account. It has nothing to do with salary, IRA's, your mother-in-law or anything else. Every broker follows the basic federal guide... Investment income does not meet the income requirements for contributions to a Roth IRA. However, if you are married and filing jointly (and are under the MAGI limits for eligibility to contribu... If you are looking for equity diversification, I would consider MOFQX. I am not certain why I have never recommended it. It really wasn't until this weekend that it dawned on me that I shoul... |
Categories--Copyright/IP Policy--Contact Webmaster |