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Started By
Message
22 Year Old with About $10K to Invest
Posted on 4/7/09 at 9:18 am
Posted on 4/7/09 at 9:18 am
What is my best option? Long term stock market, IRA, money market, or something else?
The account the money is in is a money market account currently yielding about .33%.
The account the money is in is a money market account currently yielding about .33%.
4
Posted on 4/7/09 at 9:22 am to tigahpoop
assault rifles
Posted on 4/7/09 at 9:29 am to MadCat
go to vegas - bet it all on black and if you win spend it all on hookers and blow!
Posted on 4/7/09 at 9:29 am to tigahpoop
hard to answer your question...without knowing about your debt, if any...short term needs (wedding ring, home, car, etc)...
also, did you mean 3.3% on the money market?
also, did you mean 3.3% on the money market?
This post was edited on 4/7/09 at 9:30 am
Posted on 4/7/09 at 9:33 am to Chicken
quote:
did you mean 3.3% on the money market?
Posted on 4/7/09 at 9:36 am to LSURussian
Wow...just looked at my Vanguard money market yield. 0.7%
That stinks...at least it is a positive number...
That stinks...at least it is a positive number...
Posted on 4/7/09 at 9:36 am to Chicken
Chicken, I thought you would know better.
Posted on 4/7/09 at 9:44 am to Chicken
quote:It must buy commercial paper. U.S. government money market funds are paying in the .15-.40% range, after fees. Some banks have teaser money market rates but they will drop those soon with fed funds under .25%.
my Vanguard money market yield. 0.7%
Posted on 4/7/09 at 9:46 am to LSURussian
Does it just trade 3 month T-bills?
Posted on 4/7/09 at 9:51 am to LSUtoOmaha
quote:
Does it just trade 3 month T-bil
treasury and GSE 1-270 day maturity.
Posted on 4/7/09 at 10:43 am to T Ba Doe Tiger
Cap One has an online savings for around 2% right now.
Posted on 4/7/09 at 10:47 am to tigahpoop
You need to decide what your objectives are for the money. If it is short term and your looking to protect your principal go with short term obligations ie Money Market,T Bills,or commercial paper. If it were me and my goals where long term I would keep it where it is and invest a small portion ($150-200) every month into some form of growth funds (Depending on your risks tolerance) This is called Dollar Cost Averaging which has a propensity to give you lower cost per share of the fund. Find an investment advisor you feel comfortable with and educate yourself as much as possible.
This post was edited on 4/7/09 at 10:52 am
Posted on 4/7/09 at 5:58 pm to Ringeaux
Sorry, the YTD yeild is .31%, the Yield is somewhere around .70%. It is a Vanguard Prime Money Market Account.
I have no liabilities, my education was paid for by the government, actually the great Pat Taylor.
I'm looking for the best possible return with minimal fees for such a small investment. Long term or short. The only way I would pull out is for some type of real estate, that's why a Roth IRA seemed sort of attractive.
I have no liabilities, my education was paid for by the government, actually the great Pat Taylor.
I'm looking for the best possible return with minimal fees for such a small investment. Long term or short. The only way I would pull out is for some type of real estate, that's why a Roth IRA seemed sort of attractive.
Posted on 4/7/09 at 6:56 pm to tigahpoop
Dollar cost average into an Index Fund. Index funds operates on a buy and hold philosphy so low turnover and low fees. Roth IRA sounds fine with the First Time Homebuyers Provision in place. I'm just shootin from the hip here speaking in relative generalities. Find an advisor that is willing to meet with you and discuss your objectives. You can try your bank,Edward Jones,etc. Good Luck
Posted on 4/8/09 at 12:52 am to tigahpoop
i was in your position back in feb 09 but im 23. i wish i would have kept that money in a 4% reward checking. but im knee deep in the game now, a little down but i think my investments will go back up. i hope 
Posted on 4/8/09 at 12:56 am to Ringeaux
quote:
Dollar cost average into an Index Fund. Index funds operates on a buy and hold philosphy so low turnover and low fees. Roth IRA sounds fine with the First Time Homebuyers Provision in place. I'm just shootin from the hip here speaking in relative generalities. Find an advisor that is willing to meet with you and discuss your objectives. You can try your bank,Edward Jones,etc. Good Luck
Amsterdam?
Posted on 4/8/09 at 9:54 am to LSUtoOmaha
Amsterdam?????????
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