I would like to start an investment that I will be utilizing in about 18 months. I want the best investment vehicle that can give me the best return with minimal risk. I have been told that mutual funds are the best vehicle.
2006-07-18 03:47:07 · 9 answers · asked by Eileen P 1 in Business & Finance ➔ Investing
gator714 is exactly right about the investment and about the scam that SmartCash is trying to reel you into.
For 18 months, you should stay away from mutual funds. You could easily wind up losing money in 18 months with a mutual fund.
Buy bank CDs or money markets or EE bonds (don't go for bonds with long time horizons that you'll need to sell when you cash out).
Whatever you do, stay away form anyone who offers you some crazy rate of return like 100% in 90 days. If they had a way to make 100% in 90 days, they sure wouldn't tell you about it.
SmartCash and Tarumi ==> You're gonna need to get new IDs again soon. I'd advise anyone else reading this to report them too.
Yahoo Answers ==> You people really need to crack down on these types they're ruining your site.
2006-07-19 16:24:13 · answer #1 · answered by tom_2727 5 · 0⤊ 0⤋
For the time horizon that you mentioned, you do not want to invest in anything that has the potential to risk your principal. It is highly recommended not to participate in mutual funds unless you have at least 3 to 5 years to invest. For 18 months your best choices would be CD's, Money markets, or US Savings Bonds. The best you should realistically expect for an investment return would be about 5% and that's probably stretching it. US Savings bonds have to be held for 6 months before you can cash them in. There are 2 types out there right now, EE and I bonds. I would recommend the I bonds. If you happen to be using this money for education expenses it's possible that you can avoid taxes on these bonds.
Please stay away from that guy who promised you 100% return. If you see his profile he just joined yahoo answers today. He is hoping that your greed will outweigh your better judgement. I've been a financial advisor for 15 years and I can assure you that there is no legal investment out there that can promise you 100% return in 90 days. He's probably trying to run a ponzi scheme of some type. I plan on reporting him to yahoo as soon as I finish this response. Good luck to you I hope that this was helpful.
2006-07-18 05:45:35 · answer #2 · answered by Gator714 3 · 0⤊ 0⤋
How much are we talking about? You could go for money market or a CD, with no risk.
If you go mutual fund, 18 months is too little you may lose, or may not make as much and there are penalties too.
Be careful on people offering you 100% return, sometimes investing like that is illegal, he may not declare taxes or make you no declare and then boom you go to jail. Go for the legal way. Some banks offer more than others, in your local paper tells you what the market is going with cds and money market, with that information, go make an offer to a bank.
2006-07-18 04:53:10 · answer #3 · answered by copita 3 · 0⤊ 0⤋
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2006-07-18 07:36:14 · answer #4 · answered by lalraniusha 3 · 0⤊ 0⤋
Hi Eileen
You are corret, in the regular market the best investment vehicle are indeed mutual funds.
But if you want to try something, I have a nice opportunity for investment.
I can give u 100% returns and that too in a matter of 90 days only.
Its very safe and a true return. It is not a scam as people would call its impossible to give such high returns.
If you are interested, and have queries please e mail me all the queries and I can give u further details to go about it.
2006-07-18 04:21:59 · answer #5 · answered by Anonymous · 0⤊ 2⤋
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2006-07-18 09:29:03 · answer #6 · answered by Tarumi 2 · 0⤊ 2⤋
You should take a look at developing countries' treasury bonds. They became really cheap. For instance, there are bonds of Turkish Goverment offering a 21% yield. Exchange rate is round 1.6 Lira/$ currently, and i think it wont be higher than 1.7 next year.
2006-07-18 05:35:37 · answer #7 · answered by jonydep 2 · 0⤊ 0⤋
You did no longer point out any specific possibility point, so I checklist them from low to intense right here: long term bond fund - 4 to 5% Balanced fund - 5 to 7% super cap inventory fund - 10.5% Small cap inventory fund - 11.5%
2016-11-02 06:52:21 · answer #8 · answered by ? 4 · 0⤊ 0⤋
precious metals...gold & silver
2006-07-18 03:50:55 · answer #9 · answered by norwood 6 · 0⤊ 0⤋