I have under 100k, and would like to invest. I am leary........after the Enron, Metropolitan etc... scams. Anyone have any good ideas?
2006-08-03 08:11:01 · 8 answers · asked by kwispe 2 in Education & Reference ➔ Trivia
I go with Ben Stein, the guy who used to have the program "Win Ben Stein's Money." (very few did, BTW). He advises that Funds are better than stock, and that American Funds are pretty shabby right now. Look at Latin America and Emerging Markets. Look up FLATX, FEMKX, TEDMX
Canada is not too bad, FICDX. And just an all around fund for the world market is EFA.
In no case would I suggest you put all your money in any fund. Protect at least half of it in something rock solid.
I also have a little bit in an American biopharm company called AVII They are dirt cheap right now and I am just hoping. Only have $1000 in them.
I am not a broker. I cannot give you advice. People can and do lose money in the Market. Whatever you do, get on with someone who is smart and helpful. I like Fidelity and Scottrade.
I have been very lucky, myself but have had a couple months of late with the Israel-Lebanon war and inflation numbers that have cost me badly . You have to be able to take that and not cut your wrists if you want to be in the Market.
Best of luck.
2006-08-03 08:25:27 · answer #1 · answered by NeoArt 6 · 0⤊ 1⤋
I have have found , all the hype aside, that a municiple tax free bond does very well and lets you sleep at night. If you can afford to lose some money and some sleep invest in equities.
2006-08-03 08:16:20 · answer #2 · answered by M D 3 · 0⤊ 0⤋
why not try putting up a tutorial center? you need only a table and 2 chairs ...and brains! I tried it and slowly, added services like music instruction, keyboard, guitar, voice. If you can't teach, hire a parttimer. Just try to offer a variety of services that can really help the kids, sped tutorial, arts, painting, and even dancing! You'll not only help the kids, you also keep them off the streets!
2006-08-03 08:21:53 · answer #3 · answered by mad scientist 2 · 0⤊ 0⤋
Invest in a CD, it's stable and you'll get a good return and it's a solid investment with not much risk.
2006-08-03 08:23:44 · answer #4 · answered by Lisa 5 · 0⤊ 0⤋
Check the Silverado Gold Mine I've been watching them for about 2 years , if I had your money I would have invested it 1 year ago they are going no where but up. http://www.silverado.com/
2006-08-03 09:29:10 · answer #5 · answered by the doctor 2 · 0⤊ 0⤋
I'd invest in the stock market. Buy Sirius and Coca-Cola.
Seriously.
2006-08-04 05:46:07 · answer #6 · answered by Call Me Babs 5 · 0⤊ 0⤋
I would divide that 100k up this way:
10k into AMGN (Amgen)
10k into EXM (Exxon Mobil)
10k into BBBB (Blackboard Tech)
10k into QQQQ (Nasdaq Index)
10k into FRO (Frontline Tanker)
10k into CCJ (Cameco)
10k into SAX (Saxon Capital)
5k into NXG (Northgate Minerals)
5k into F (Ford Motor Company)
5k into JBLU (Jet Blue Airlines)
5k into JDSU (JDS Uniphase)
5k into SIRI (Sirrius Satellite Radio)
5k into GE (General Electric)
This assumes you plan to buy and hold for at least five years.
2006-08-03 08:33:10 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Will you be my friend?
ING is good.
2006-08-03 08:27:59 · answer #8 · answered by Ruby 4 · 0⤊ 0⤋