Sucks wife and I are just getting to where we can save again so, with the current crisis going on, where is the best place to invest atm? CD's, IRA's, stocks etc.
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If you have a long term outlook on the market as far as keeping the money in, definitely a good idea to get an IRA started. Look at some of the high quality mutual funds or index funds instead of individual stocks. You would end up staying broadly diversified without taking the risk of the one stock you own collapsing.texasPHINSfan and USArmyFinFan like this. -
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If you don't think you'll need cash quickly, there are some good Bond funds that give a nice return tax defered and they are as safe as you can find in today's world.
I would think Joey would know some good municipal bond funds that also have enough of a risk/return component to make them more attractive then just a 3% return, which is only treading water against inflation. -
I am doing some more research on their holdings and double checking each one of the banks they hold in the ETF and their ratings just to see if they have anything in severe distress right now. Out of their top 10 holding though, ABN Amro is the only bank name anyone would recognize. -
Besides, I'd hate to suggest a bum investment to USArmy then have to worry about a rustling in the bushes when I come home at night...:lol::lol:USArmyFinFan likes this. -
texasPHINSfan and padre31 like this.
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muni bonds are a great investment vehicle right now. you just have to watch the creditworthiness on some of these though... ratings are always changing.
in this environment, i do munis, CDs, some bonds, and a bunch of mutual funds. there are some long/short funds and conservative funds i really like that i still use, including some that have actually appreciated in value during these times. :up:Boik14 likes this. -
We have been using a couple different Ultra Short Muni Funds right now instead of money market accounts for Non Qualified accounts. So far the last year and half they have been really steady and been averaging between 3.1 to 4.25 with a Federal Tax free return, (not state tax free as they are a fund and their make-up is from all over the US).
Thing is US Navy, you need to talk to a planner/ advisor, I am not sure how old you are, what your risk tolerance is like, your suitability and what your plans are for retirement, (i.e. age of, income level needed, tax bracket now and projected), how much assets and liabilities you hold, are there anything else you need to fund, like an elderly parent, kids, family etc. Until we know that, we cannot really tell you what is your best mix.
A good diversified portfolio, with some form of cash, some fixed income,bonds, REITs (depending on risk) and some stock(generally in the form of mutual funds) to be the engine, balanced correctly is your best option.
As Texas said, there are funds out there with a positive return this year, most of our clients may not have major gains this year but their losses have been fairly low because we planned accordingly and the risk was spread out appropriately.
Find yourself a good advisor and PM me if you want me to help you do that, I am not licensed in your area so I personally cannot but am happy to help a good man. -
Etrade has a solid 3+ % yield on money markets. Thats what Ive been doing for quite a while. I dabble in stocks on my days off and just try and make a quick $100-200 bucks a shot and get out; some days it works, some days it doesnt. Long term investing right now is 5 minutes because of the volatility. Even if its only a 2-4% return I dont care at this point . My theme has become "get what you can and get out"
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rochester has a good family of muni bond funds at least in New York where I'm from . they tend to outperform the rest, year to year. Personally I would hold on to cash at the moment and hope that the Dow collapses. If it breaks 10,000 the next support from a technical analysis position would be around 8000. Stay with cash and wait for confidence to return to the markets. Dont try to time the exact bottom. If it collpases and goes to 8000 you'll have a ton of opportunities to double your money within a year from that point. Be a shark and look for blood in the water. Or maybe be a Phin and look for bleeding sardines
FiN.in.RI likes this. -
As a mere amateur, I've got some money put away and I am looking for the largest Cash Cows in the market, like Wally World or the company that Jack W used to run but is being mismanged at the moment... -
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As far as banking goes I recommend Bank of America.They did not get invoved heavily in home mortgages and are on a very solid financial footing.
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Personally I think you're in decent shape since that 18 price seems way offtexasPHINSfan and FiN.in.RI like this. -
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i have a lot of clients that watch the Dow and freak out when it drops and they want to sell everything. i have to calm them and remind them that you don't buy high and sell low.... other way around. I reassure them that this is just a big hiccup in the grand scheme of things. Your retirement/investments are long-term for your retirement, you have plenty of time. ride it out. The market right now is still hovering around the level it was in 2000 when the internet boom was occurring. the market isn't going to completely implode and you're not going to lose everything (as long as your're not 100% in Bear or Lehman ;) )
generally it is not a good idea to sell or get out of something on very bad days. :up:
So while it is a stronger company, feel free to bank there... but i'd stay away from that stock until this overall ship has righted itself. :up: -
I didnt mean investing in BA stock bro.
I meant that its a bank that is not likely to keel over on its own.
Of course since banks loan to each other if the banking system goes down all of the banks will go down too.
But that its unlikely to happen because no one benefits from such a catastrophe . -
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