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01-01-2013, 01:24 AM | #16 |
Starter
Join Date: Apr 2003
Location: USA
Casino cash: $85101
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I use Charles Schwab Bank. Their interest rates have dropped a lot since I joined in 2007. They were 5%! They are closer to 1% now.
Good interest rate. Free everything. Ease of getting into Money Market funds and free advice over the phone. I have zero complaints. |
Posts: 414
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01-01-2013, 01:28 AM | #17 |
SuperBowl or bust
Join Date: Dec 2008
Location: BF Iowa
Casino cash: $484088
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Investing in Silver is smart...it's demand in industry (because of it's high conductivity) has raised it's value significantly and that trend should continue as the world becomes more technological.
In 2008, an ounce of Silver was worth less than 10 bucks. Today, it's trading for over 30. Gold has about doubled during that same span, as well. |
Posts: 47,398
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01-01-2013, 09:16 AM | #18 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $1281110
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Why not buy $2000 worth of corporate bonds or a nice paying utility fund, $2000 worth of a growth mutual fund and then leave the $1000 in a CD or the high INT account.
2.38% is pretty damn good in this low interest rate market. I wouldn't leave 100% in cash. He has 15 years to let it grow and add to it.
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"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ "The men who drafted Patrick Mahomes" |
Posts: 52,064
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01-01-2013, 09:17 AM | #19 |
Banned
Join Date: Nov 2012
Casino cash: $10004900
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a 3 year old has more $ then me
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Posts: 492
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01-01-2013, 09:25 AM | #20 | |
MVP
Join Date: Oct 2006
Location: West of the Equator
Casino cash: $419901
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01-01-2013, 09:27 AM | #21 |
Starter
Join Date: Mar 2008
Casino cash: $8640068
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Do your homework and check out mutual funds. A 15 year history will show you which fund to select. chose a no load fund (one without administrative costs). Also a 529 will be tax free if used for college. A very good choice.
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Posts: 393
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01-01-2013, 09:35 AM | #22 |
Veteran
Join Date: Dec 2010
Location: Kansas City
Casino cash: $4702608
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Ally.com
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You are not your job, you're not how much money you have in the bank. You are not the car you drive. You're not the contents of your wallet. You are not your ****ing khakis. -Fight Club |
Posts: 4,160
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01-01-2013, 09:43 AM | #23 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $1304127
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mattress
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Posts: 129,393
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01-01-2013, 09:53 AM | #24 |
Molôn Labé
Join Date: Sep 2001
Location: North Carolina
Casino cash: $8566872
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Posts: 23,166
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01-01-2013, 10:13 AM | #25 | |
Mahomes Dynasty
Join Date: Mar 2005
Location: Parts Unknown
Casino cash: $7872254
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Quote:
Gold and silver will always be considered as a form of currency and will have value worldwide.....our dollar won't. Of course this is all pending on when the collapse will happen.
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Posts: 39,192
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01-01-2013, 10:39 AM | #26 | |
Space Cadet and Aczabel
Join Date: Aug 2000
Location: Kanab, UT, USA
Casino cash: $9333275
VARSITY
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Quote:
Don't buy high. I'd say a REIT type investment would be awesome for him as they are great long term.
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Thanks, Trump for the civics lesson. We are learning so much about RICO, espionage, sedition, impeachment, the 25th Amendment, order of succession, nepotism, separation of powers, 1st Amendment, obstruction of justice, the emoluments clause, conflicts of interest, collusion, sanctions, oligarchs, money laundering and so much more. |
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Posts: 40,584
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01-01-2013, 10:45 AM | #27 |
3M TA3
Join Date: Jul 2001
Location: SoFlo
Casino cash: $9993039
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For a case like his, you can't beat I-series savings bonds..
http://www.treasurydirect.gov/indiv/...res_ibonds.htm You can put up to $5k/year in them. Right now they are paying 1.76%. If you buy in when there is a fixed rate component you really do well, I have a few that are paying over 4% right now. You can't touch them for 1 year, and then after that if you cash them in you just lose the most recent 3 months interest. After 5 years there is no penalty. Buy/sell them online, no paper. DT |
Posts: 4,305
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01-01-2013, 10:57 AM | #28 |
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Join Date: Apr 2009
Location: Somewhere Kansas
Casino cash: $8369352
VARSITY
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