2006-12-17 07:04:18 · 9 answers · asked by Maksim L 1 in Business & Finance ➔ Investing
Buy a few index ETFs such as DIA or QQQQ and write covered calls on them. You'll earn more than 7-8% a year, but I'm sure you'll be able to find something to do with the extra money, right?
As an alternative to using ETFs, you can do the same on stable uptrending stocks such as MSFT, TM, or something similar.
Good uptrending stocks can be readily found through many decent stock scanners such as with IBD (Investors Business Daily), etc.
Let me know if you have any questions. Best of luck!
2006-12-20 09:29:52 · answer #1 · answered by Yada Yada Yada 7 · 1⤊ 0⤋
San Juan Trust, symbol SJT, is a natural gas income trust that pays about 7% dividend. This is a pretty low risk stock. But you should read up a bit on how royalty trusts work first. I own this one.
If you are looking for investment ideas, you should see what the best investors are buying and selling at http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas. There is also a charting feature , so you can see how your portfolio performs compared to the S&P 500.
Here are this month's best traders:
http://www.top10traders.com/Top10Standings.aspx
Good luck.
2006-12-17 19:51:07 · answer #2 · answered by Anonymous · 0⤊ 1⤋
A locked in GIC with your current bank. I invested $2000 for 1 year and already made a return of $300 after only 1 year check it out their intrest rates are really good.
2006-12-17 15:09:40 · answer #3 · answered by amanda b 3 · 0⤊ 1⤋
Id Sudgest The gic its abreviated for garunteed income certificate key word being garunteed lol you cant loose your money and if you find a good interest rate you can make alot just a matter of not seeing that money for a while lol
2006-12-17 20:38:18 · answer #4 · answered by Anonymous · 0⤊ 0⤋
The best investment opportunity can be found at http://www.4xmoneytrain.com
You can make more in one month than what the banks are paying in one year.
2006-12-19 00:23:30 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Cd's
Purchase $2000 cd this year in a 5 yr. plan
purchase $2000 cd in a 5 yr. plan each of the next 4 yrs.
now one matures each year if you want to get more agressive.
2006-12-17 15:15:48 · answer #6 · answered by da_hammerhead 6 · 0⤊ 1⤋
There are bonds and closed-ended bond funds that pay 7-8%.
2006-12-17 20:04:10 · answer #7 · answered by Yardbird 5 · 0⤊ 0⤋
I just want to say thank you for having realistic expectations. There are not too many like you out there.
2006-12-17 22:23:08 · answer #8 · answered by 12 November 3 · 0⤊ 0⤋
What is a GIC?
2006-12-17 15:13:38 · answer #9 · answered by Anonymous · 0⤊ 0⤋