01-31-2007, 05:16 PM | #11 | |
Charon
Join Date: Jan 2006
Location: In the heart of darkness (Provo)
Posts: 9,564
|
Quote:
__________________
"... the arc of the universe is long but it bends toward justice." Martin Luther King, Jr. |
|
01-31-2007, 05:52 PM | #12 | |
Senior Member
Join Date: Jan 2006
Location: Clinton Township, MI
Posts: 3,126
|
Quote:
Now knowing your situation you will have a nice pension so this money is not essential to you buying milk when you are 65. Find some nice higher risk mutual funds that hopefully can make you 15-18% over the next 7-10 years (re-evaluate every year your portfolio) Its probably good that you talk with a financial professional to help you with your long term investing.
__________________
Its all about the suit Last edited by Mormon Red Death; 01-31-2007 at 06:23 PM. |
|
01-31-2007, 06:05 PM | #13 | |
Senior Member
Join Date: Jan 2006
Posts: 6,177
|
Quote:
I would avoid "financial professionals" like the plague. They will want to make a commission off you. If not, they're probably minimally educated and trained to steer you towards certain investment vehicles that may or may not be good for you. Start with that diehards forum I linked and learn as much as you can. You can't trust anyone to take care of your money other than yourself. |
|
01-31-2007, 07:44 PM | #14 | |
Senior Member
Join Date: Sep 2005
Location: Northern California
Posts: 2,919
|
Quote:
You had better thank these guys for doing your homework for you. |
|
01-31-2007, 07:57 PM | #15 | |
Active LDS Ute Fan
Join Date: Jan 2006
Location: Nantucket : )
Posts: 2,566
|
Quote:
I actually think I'm trying to be more savy than I actually am. My student loan just came through and I have a little extra on it and I'm just trying to figure out a way to invest that money so I'll have a little more to start paying off my loans when I'm done.
__________________
"It's not like we played the school of the blind out there." - Brian Johnson. |
|
01-31-2007, 08:19 PM | #16 | |
Senior Member
Join Date: Jan 2006
Posts: 6,177
|
Quote:
I would be more cautious than I advised if you're investing with someone else's money. |
|
01-31-2007, 08:22 PM | #17 |
Active LDS Ute Fan
Join Date: Jan 2006
Location: Nantucket : )
Posts: 2,566
|
I'll either end up putting it in savings or giving it back to the school...I was just wondering if there was a safe way to accrue some interest on it while I was in school.
__________________
"It's not like we played the school of the blind out there." - Brian Johnson. |
01-31-2007, 08:29 PM | #18 |
Senior Member
Join Date: Jan 2006
Posts: 6,177
|
|
01-31-2007, 09:34 PM | #19 | |
Senior Member
Join Date: Jan 2006
Location: Clinton Township, MI
Posts: 3,126
|
Quote:
4000 turns into $4888 in 4 years at 5% no risk at all... except taxes..
__________________
Its all about the suit |
|
02-01-2007, 12:16 AM | #20 |
Senior Member
Join Date: Jul 2006
Posts: 860
|
careful with that $
|
Bookmarks |
|
|