What is the best investments ?
- Thread starter raven
- Start date
Lugnut
I'm Rick James #####!
That's about as open ended as an investment question can be!
Honestly, I'd suggest throwing your money in a savings account until you have time to do some reading and can make a solid choice for yourself.
Alternatively, if you own a house, check current rates and refinance if it's warranted, or make a large payment toward the principal.
theArtistFormerlyKnownAs
Well-Known Member
nothing is really returning much of anything. best bet now-a-days is actually gold. Since the US dollar is declining in value, buy some gold and when the dollar loses its value (lets say 50% for example) then in the example, you will have doubled your money
(the only flaw I see, and I have never understood this...who wants to buy the gold back from you after the dollar isn't worth much?)I just took the safe way and went with a medium-yeild savings account until the CD's start getting higher rates :shrug:
That's about as open ended as an investment question can be!
Honestly, I'd suggest throwing your money in a savings account until you have time to do some reading and can make a solid choice for yourself.
Alternatively, if you own a house, check current rates and refinance if it's warranted, or make a large payment toward the principal.
My home is paid for and I have no credit cards or car payments. And I have an ING account. Money just sitting their and I'm clameing the intrest as income that they give me give me on my taxes every year.
Lugnut
I'm Rick James #####!
Great position to be in.
I'm assuming your at/near retirement age?Well, I'd say let the money sit for a bit while you study up on investing. No hurry right? :shrug: May as well learn about the stuff intead of paying a broke-r
huntr1
.
Buy stock in oil companies.
MMDad
Lem Putt
If you already own gold and oil, those are great investments. I wouldn't buy either today because they violate the most basic of all investment rules: buy low, sell high. They are both at high points right now. They may continue to rise, but I'm not going to bet on it.
R
RadioPatrol
Guest
90% Silver Bags - stock up for a rainy day ....
24-hour Spot Chart - Silver
24-hour Spot Chart - Gold
Precious Metals Spot Prices, Gold spot price, Silver spot price and other market information - Goldline International
Unless you have 10k or more you probably don't have a lot to get into Gold Right Now ..... Precious Metals are a long term investment anyhow ... if things get worse , like a recession / depression .... that bag of silver coins maybe buying your family food ..........
and "Collectible Coins" are not, "silver coins for a rainy day" good investment
if you have to "spend" some rare coin to put food on the table, your not going to get rare coin value, but silver content value ... most coins are between 75 - 90 % silver
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theArtistFormerlyKnownAs
Well-Known Member
I changed my mind. With your current complaints, I suggest you donate all of your hard-earned cash to the local Police, Fire, and EMS departments. If you want to see things changed, why not contribute?
Chain729
CageKicker Extraordinaire
Ticker symbol: GLD Problem solved.
BTW, most estimates are that gold is only going up to about $1000 an ounce or so. Time to buy would've been a year back when it was 300 an ounce, not today at $900+.