$$ Investments.
- Started
- Last post
- 22 Responses
- DirtyShit
anyone made any loot out there?
any of you desingers got any money.. how do you have it invested i have aroun da little over 20grand. and i thought about a cd that gives me 2.23% on an 18 month one. thall give me i think aroudn 400+$ a month anyone else got any better ideas.
. no im not giving it to you .
- sauerbraten0
i had a shit-ton before the crash and before i attended university.
- kane0
put it into an ING account.
- unknown0
I would invest in hookers and drugs, you'll make a 300% benefit
- sauerbraten0
seriously.
- jox0
I have most of the in stocks and funds, widely spread. Even though it plunged like hell over the last few years it's still the best bet.
What's a "cd"?
- sauerbraten0
i wonder when 2Advanced is going public..
- sauerbraten0
Certificate of Deposit
my dad is big on options right now
- Gorbie0
you do realize that 2.23% is your annual percentage rate, right?
which is about $37 a month.
- sauerbraten0
i'm not doing anything in CDs Gorbs. i like high risk PENNY STOCKS!!
on a more serious note, i DID have some friends in college (right around when the market was insanity, as in bull-crazy) these guys invested like 1k and made 20k in like 2 weeks. it was just plain stupid, they didn't know anything about the company, just read some stupid thing on some site and they bought it. split by 10 and rocketed.
- Gorbie0
I was talking to DirtyShit. He was expecting to see $400 a month on a $20k CD.
that would be a 24% gain.
- sauerbraten0
whoa, i wish.
- whiteSneaks0
CD's are a terrible waste of time. You are gaining slower than the rate of inflation. In other words you are actually losing money. Your bank wont tell you this though.
If you want a relatively safe route look into an Index Fund. This is assuming you are looking for an invest and sit on it route.
- lind0
Put it in a ROTH IRA and if you're a contractor like me with no company 401K/Pension and all that good future security stuff, invest in a SEP IRA as well. Check and call http://www.vanguard.com/ for the paperwork.
- ********0
ING account will give you about 250 a month... or less..
If you wanna quick cash than become a day trader. If you see a rise than buy and sell when you make a set marginal profit (dont wait till it falls, always sell at your set point even if rising).
This can happen in matter of minutes to seconds.I dont know what your intentions are long or short term...
- robbob0
Heres an Australian example:
http://www.jbwere.com.au/product…
Go into one of the managed funds that exposes you to the markets you prefer - cash, stocks, property, regions, etc. The money always does better than CDs and bank accounts, as well as inflation, and is still liquid or accessible when you need it. Look for managed funds, go for a long term strategy (3-5 years minimum) and have an financial objective or goal.
And talk to financial advisors, us designers only know part of it. I speak for myself there mayeb.
- unknown0
property, property, property.
rate of return is huge.
- robbob0
actually true - with that much dough, put a deposit down on a property - residential, commercial whatever and watch it grow better than anything
- unknown0
Isn't property on the tilt at the mo? could go either way... although they sadithat a year or so ago too... and it's still gone up.
- robbob0
depends where you are. in aus for example, over the last 40 years or so, property has always outdone the share market, and its about to burst now. but that said, theres no way i'm selling my house.
depends what the goals are whether you invest in funds or proerty
- unknown0
I own my flat in London and a cottage up north. beats any pension plan.