inching into equities
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- Spookytim
I could live without the money so I can afford to be a little risky with it. What would your advice be? Would be interested to know as I have no idea... NO IDEA AT ALL about this sort of thing, but I make more money year on year and figure its time to grow up and do some business. I was originally going to stick it down on a business property but that really doesn't seem such a good idea anymore.
I know the amount I have is a piddle in a strong breeze, but it must be worth doing something with.
Thanks.
- Spookytim0
I said
INCHING INTO EQUITIES
- dude, you need to give him time to log out and then log back in as hedgeflashbender
- AHAHAHA flashlocustsloth
- hedge0
I'll give you a rough asset allocation model to work with. Put about 15% in bonds, some muni's. 35% in equities (try to avoid energy sector. I think that bubble will burst soon). 20% in some high-risk, structured products (CDOs & equity-linked notes). 15% in cash. Now, the remaining 15% can be invested in a variety of ways. You could tell your broker to go balls-to-the-wall and use leverage to buy some speculative options, or you could open up a discount brokerage account and trade a little bit yourself. You'd get a better understanding of the markets as well.
This is but a guideline, though. I recommend consulting your financial advisor before acting on these recommendations. Good luck, Tim.
- oooooooh pleeease!!!000000
- You are his financial adviser.canuck
- damn sexy talk...robotron3k
- edge0
well, once you have money, it has to be taken care of. As much as you try and forget about it and let someone else deal with it, there are times when it just has to be faced up to. i like the financial mindset of all you fellows here.
- Spookytim0
All that from 60k?
Are you sure Hedge? That would seem to be a dramatic fragmentation of the cash mass... classic schoolboy error isn't it?
- hedge0
Just remember to give your financial advisor/broker the freedom to use his discretion.
- hedge0
You could drop the $60k into my institutional account and we could split profits.
- stoplying0
How can ING Direct afford to give 3% interest on a savings account?
- You sure you're not looking at a risk-free CD?hedge
- That's not all that great what are you on about?canuck
- HAHAHASpookytim
- With the fed rates where they are, it sure is.hedge
- Considering my savings account was .00005% I was wondering how they managedstoplying
- that's awful. time to jump ship.canuck
- ing direct has near zero overhead online. their rates were over 5%, but have dropped to slightly under 3.jaylarson
- i put my extra cash in my ing direct account - keep it there until you figure out what you want to invest in..bulletfactory
- I just got an account. Now show me the ....ahhh forget it.stoplying
- Spookytim0
£60k is about $133k I believe. That's off the top of my hat though.
- flashbender0
forget about equities Spooky- inequities are where the real money is.
- Oh you lovable little man!hedge
- that's the only money joke I have - I gotta get as much mileage out of it as I canflashbender
- janne760
there's still some companies here offering 4%. But if 3% is really that high in the US....must be a shitty situation..
- flashbender0
washington mutual's online offering is paying 3.3%
- Yeah but I refuse to associate with a bank that calls themselves WAH MOO hahahahastoplying
- cannonball0
Tangible assets. Buy land. Tried and true investment, and you can use it and build on it. Find a nice patch with good zoning somewhere, sell the timber rights, and build.
- MSL0
How adverse are you to risk?
- chossy0
Put it into property spooky, buy something nice in the country and then spend more money doing it up, you live in Britain where there is a limited amount of space therefore property will always always go up in price sure there will be a bit of a wobble here and there but rest assured it will be safe yo!. I plan to use my current house as my pension. I want to buy another one later on in a couple of years once I have saved up enough money. I plan on renting my current house out once I buy the other one, I fortunatly got it a price which would mean rent would cover the mortgage repayments.
- neverblink0
buy gold.. seriously
- Spookytim0
To be honest, I'm not looking to inch into equities, buy gold, or speculate on the stock cube market... I was merely curious to know how Hedge would answer, and how long it took him to answer.
- MSL0
Oh.
Anyway if anyone is genuinely interested:
www.fool.co.uk
www.housepricecrash.co.ukLoads of info on there - but do your own research and (as has been said) speak to an IFA.
- I was meant to be heading to your palce yesterday. had to cancel. Work's gone bonkers this week.Spookytim