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Discussion Starter #1
I don't have much but I wanted to do some investing. I am lookng at midterm things like 6-12 months. I have had CD's and mutual funds in the past and it must just not be my luck because they were low risk yet I lost a lot of money. So I am scared to go that way again. I know they are even more risk but I was thinking just a little bit in stocks. I mean there are some surefire ones. I know many people that have had stocks double in two years.

So I just wanted to hear if any of you do investing and what you have had the best luck in.
Thanks,
Shawn
 

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Chapter Director Coordinator
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you askin a bunch of people who dump thousands of dollars into a car with hardly any resale value about investing?

good joke Shawn


just kidding :tongue:
 

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First off, there is no quick answer. Secondly, everyone's goals are different which makes an answer that much more complicated.

Shawn40th said:
I don't have much but I wanted to do some investing. I am lookng at midterm things like 6-12 months. I have had CD's and mutual funds in the past and it must just not be my luck because they were low risk yet I lost a lot of money.
Considering investing, 6-12 months is Short Term.
CD's have a guaranteed percent return just like a savings account, so you must have lost money in mutual funds. But you will get penalized by early withdrawl in a CD, so technically you could lose money by way of fees. Honestly, with your very short term goals in mind, the only safe thing I would look into is CD's or Money market funds. Some money market funds offer check writing privilages as long as you balance doesn't drop below a certain amount (usually $5000.) You're not going to make much at all in interest, but it will be higher than the return earned on a savings account.
Investing in stocks or stock mutual funds for this short of a period will be nothing more than speculation. But, if you can afford to lose the money and want to take on higher than average risk, then an agressive mutual fund might be an option (kind of like gambling.)

Shawn40th said:
I know many people that have had stocks double in two years.
Everyone will tell friends about the tremedous gains, but often keep quiet about the losses. If they invested between 1995 - late 1999, there is a great chance they did own stock that doubled and/or tripled it's price. But if they stayed in it, they probably lost most of the gains after 2000. Historically stocks are a wonderful LONG term investment (if diversified,) but I would stay away if you are looking for very short term.
 

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Jack K said:
First off, there is no quick answer. Secondly, everyone's goals are different which makes an answer that much more complicated.



Considering investing, 6-12 months is Short Term.
CD's have a guaranteed percent return just like a savings account, so you must have lost money in mutual funds. But you will get penalized by early withdrawl in a CD, so technically you could lose money by way of fees. Honestly, with your very short term goals in mind, the only safe thing I would look into is CD's or Money market funds. Some money market funds offer check writing privilages as long as you balance doesn't drop below a certain amount (usually $5000.) You're not going to make much at all in interest, but it will be higher than the return earned on a savings account.
Investing in stocks or stock mutual funds for this short of a period will be nothing more than speculation. But, if you can afford to lose the money and want to take on higher than average risk, then an agressive mutual fund might be an option (kind of like gambling.)



Everyone will tell friends about the tremedous gains, but often keep quiet about the losses. If they invested between 1995 - late 1999, there is a great chance they did own stock that doubled and/or tripled it's price. But if they stayed in it, they probably lost most of the gains after 2000. Historically stocks are a wonderful LONG term investment (if diversified,) but I would stay away if you are looking for very short term.

im getting some cash soon $30,000 ,and im interested in investing them but i want as little risk as possible as theyre all my assets.

i want to invest ina 5-10 years term.
 

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Discussion Starter #5
Jack thanks for the advice. I know of the bad stock stories too. My family has quite a few. Yeah it was in the mutual fund that I lost money. In 1999 I had 5 grand invested. In about a year and a half I lost over a grand. But that was right around 2000. So I know those times first hand. It was even considered a low risk mutual fund. I think there were three classes of them. But even low risk means there is risk. I know that.
I guess with the stocks I was looking at when the line jumps up it looks inpressive but if the jump is only from 45 to 50 in a year it's really not that much money when your talking small investments.
I think from doing more research and what you had to say with what little money compared to other investors I was thinking of investing it would be best to just wait or find some CD or something. I know CD's used to go as low as 3 months for a small investment.
Thanks
Shawn


And yeah, I thought about that, what was I doing asking advice where I know people that have dumped 20 grand in a car that isnt worth more then 10.
 

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if u have the money and dont mind a longer term investment buy some property. property value has been steadily increasing. at least in the Boston area. my parents bought the house we're living in now in 1990 for $185,000 and its worth $479,000 now.
 
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