I had almost $6000 in my profit sharing acct. when I quit walmart last year. It is with Merrill Lynch, and I just left it with them. I don't know anything about $ or investing, etc. Should I leave this $ right where it is, or put it someplace else?
2006-08-12 04:03:53 · 9 answers · asked by Jenintn 5 in Business & Finance ➔ Investing
It is in mutual funds.
2006-08-12 04:33:37 · update #1
If a Merrill Lynch mutual fund is managing your money then it is in professional hands and should be relatively well managed. The stock markets are currently ina bull phase and offer terrific returns. BRICS funds that operate abroad are offering phenomenal returns of 20-30%. Balance is the name of the game. Like you shouldn't put all your eggs in the same basket, diversify your portfolio across debt, equity, commodities, etc.
In shares keep about 60-75% of your cash in established dividend paying firms across sectors and the rest in emerging or potential blue-chips (as per your risk appetite). The relative return from investing early in a succcessful firm with good management far outweigh the risks and that is the smart way to go.
2006-08-12 14:50:50 · answer #1 · answered by fistfull-of-$ 3 · 1⤊ 0⤋
Okay, your money is at Merrill Lynch, but what is it invested in? A money market fund? Bond fund? Stock mutual??? In order to give you a good answer you need to provide more information. How old are you? When will you need the money? What are your goals, etc... A good place to start to learn is http://www.morningstar.com
If you want more help, contact me through Answers.
Good luck!
2006-08-12 04:08:01 · answer #2 · answered by Adios 5 · 0⤊ 0⤋
In my humble opinion, you should leave it where it is. Merrill Lynch is a reputable investment company; safe and sound and continuing to grow.
2006-08-12 04:08:23 · answer #3 · answered by lady_jenna802 2 · 0⤊ 0⤋
Honey ..here is an idea.......Buy one year Turkish Lira denominated bonds issued by AAA rated companies. At the same time, partially hedge your currency exposure by buying 12 month put spreads and just pick up that big fat yield provided by the front enf of the Turkish yield curve. If evrything works out fine you stand to packet approximately 13% or 14% net of the cost of the hedge.....
2006-08-12 10:38:18 · answer #4 · answered by mystic_speculator 1 · 0⤊ 0⤋
I would recommend going to a Washington mutual bank they have a bunch of options and they'll walk you through all of the best plans for you from CD's to mutual funds etc...
2006-08-12 04:09:25 · answer #5 · answered by Candi H 3 · 0⤊ 0⤋
You'll get paid this Friday $400 dollars, every two people are worth $100 dollars. The company name is "Health First Technologies," They give you leads and answer every e-mail for you with a welcome. The "enrolles"="sales" if they make a sale, thats $600 dollars that following week, plus "leadership" bonus money. thats almost $1,225 dollars in two weeks. "Health First Technologies is the highest paying HomeBased businesss in the world!" http://715289980.gohft.com/
2006-08-12 06:55:10 · answer #6 · answered by whydeel 1 · 0⤊ 0⤋
i am not sure what level of risk you would like, but here is my opinion
1.Low Risk- savings
2. Medium Risk- Unit trusts
3.High Risk-Stocks & Shares
4. Nuclear Risk- HYIP
Good luck
2006-08-12 08:17:41 · answer #7 · answered by tijiani007 2 · 0⤊ 0⤋
Just search for a website which talk about this.
Regards,
Tom Clark
2006-08-12 04:10:21 · answer #8 · answered by Anonymous · 0⤊ 0⤋
give it to me
2006-08-12 04:07:51 · answer #9 · answered by sallymaxlove 2 · 0⤊ 0⤋