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Investors?

Discussion in 'Off-Topic Discussion' started by Hunter500ky, May 14, 2011.

  1. May 14, 2011 at 12:30 PM
    #1
    Hunter500ky

    Hunter500ky [OP] Well-Known Member

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    Not good with money investing lol.

    Shorty story came into some money want to put it up and invest to possibly get some money back.


    Any help, comments, thoughts, suggestions?
     
  2. May 14, 2011 at 12:37 PM
    #2
    Bird

    Bird Well-Known Member

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    Get rich quick usually means get poor quicker. If you want to invest, don't give all your money to some hair brained idea and expect to get rich. Diversify your investments. Some investment grade bonds and a well diversified stock portfolio or a fund that tracks some index like the S&P 500 might be a good start. Depending on how much money you came into, you should seriously consider talking with a financial advisor.

    Conservative investments will make (more) certain that the money is there when you really need it.
     
  3. May 14, 2011 at 12:40 PM
    #3
    Hunter500ky

    Hunter500ky [OP] Well-Known Member

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    My bank talked to me and they wanted me to put some in a bond for 10years and re eive ony .8% back on it and i laughed after she said how much it would be....
     
  4. May 14, 2011 at 12:41 PM
    #4
    Hunter500ky

    Hunter500ky [OP] Well-Known Member

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    Edit also not looking to get rich quick just to put some up to gain interest
     
  5. May 14, 2011 at 12:42 PM
    #5
    toyotatacomaTRD

    toyotatacomaTRD Senior Member

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    Depending on how much money you came into, I recommend consulting a financial advisor.
     
  6. May 14, 2011 at 12:45 PM
    #6
    Hunter500ky

    Hunter500ky [OP] Well-Known Member

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    Thats who i talked to at the bank. Didnt feel comfortable with that stuff, maybe i should try another investor?
     
  7. May 14, 2011 at 12:48 PM
    #7
    surfsupl

    surfsupl Well-Known Member

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    I know a guy.:)


    [​IMG]
     
  8. May 14, 2011 at 12:50 PM
    #8
    toyotatacomaTRD

    toyotatacomaTRD Senior Member

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    Yes. Chances are, the person at the bank won't know very much.

    Search for a local Fidelity, American Century, Smith Barney, Prudential, D.A. Davidson, any nationally recognized name and just meet with someone. Banks are great for what they do, but I wouldn't trust them investing my money.
     
  9. May 14, 2011 at 12:54 PM
    #9
    surfsupl

    surfsupl Well-Known Member

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    This^^^^^^^^^^
     
  10. May 14, 2011 at 12:54 PM
    #10
    TacomaBuzz

    TacomaBuzz Well-Known Member

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    Yeah I heard mr. Madoff is the best at what he does:thumbsup::rolleyes:
     
  11. May 14, 2011 at 12:57 PM
    #11
    river rat 69

    river rat 69 Well-Known Member

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