I recently got my vehicles paid off and instead of getting back into bad debt I'd like to put the monthly ($900) into something that's going to generate cashflow. I'm thinking paper assets and then real estate when the market makes a rebound in the next 3-5 years. If I go with paper assets, is a discount broker like eTrade or ScottsTrade better than your typical broker who charges an arm and maybe your first born child for the price of managing and commissions? Where should I start?
2007-09-04 07:37:03 · 4 answers · asked by gs400cww 2 in Business & Finance ➔ Investing
Well... those people weren't very nice...so simply save that 900 for a couple of months ( maybe three) and then look into " investing"....it's not at all complicated ..but I really can't go into ALL of it right now...look back in the questions for a guy that asked about $ 7000. to invest...read my answer there...Sorry, I gotta get somewhere else right now. Best of luck.
Aw geez, I didn't answer the monthly income part....look into HTE or PWE..( two Canadian oil companies) you won't have much income with that 1800 or 2700...but if you keep adding then you also get bigger monthly returns ( dividends)
This time I mean it...I'm gone.
Aw, crap...one more thing...yup! E-trade is OKAY.
2007-09-04 07:57:45 · answer #1 · answered by jebediabartlett 6 · 0⤊ 0⤋
I agree with Pojo. Get educated first. In the meantime, put the money into a 401K or 403B, depending on where you work. Also, put any extra money into an IRA.
If you don't know where to start, find a for-fee financial advisor and talk to him/her. You can find someone who does this for free, but they will more likely recommend products that make money for them when they sell them, rather than what fits your situation the best.
2007-09-04 07:46:31 · answer #2 · answered by Ralfcoder 7 · 0⤊ 0⤋
With all due respect you need a lot more self education before you do anything.
Are you maxing out your 401K program if one is available?
2007-09-04 07:40:48 · answer #3 · answered by Anonymous · 0⤊ 0⤋
research, research before you make a move. Other wise you'll realize that you have just made a mistake.. Investing is not easy, so evaluate your move before you make that move..
2007-09-04 08:35:33 · answer #4 · answered by Rain L 5 · 0⤊ 0⤋