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you have $2,000 to invest. Now what?

Discussion in 'Stocks & Investments' started by Zombie Runner, Jun 21, 2013.

  1. Jun 23, 2013 at 2:42 PM
    #21
    azsean

    azsean Well-Known Member

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    gonna be a looong list...
    VEGAS !!!
     
  2. Jun 23, 2013 at 2:56 PM
    #22
    jjew18

    jjew18 the Nightman cometh!

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    Added extra awesomeness to its original awesomeness.
    Do you have your rainy day fund set up? I move for retirement funds.
     
  3. Jun 23, 2013 at 3:03 PM
    #23
    Zombie Runner

    Zombie Runner [OP] Are these black helicopters for me?

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    Thanks for all the ideas everyone. I've had this "extra" money sitting in my gun safe for a couple years now not collecting interest or anything... Just sitting there. I've pulled money from it a few times to buy things we needed for the house but I always add back to it later.

    I just thought that maybe I could invest it or put it in an account for a year or so and have it make a little money. Putting it into silver doesn't sound too bad, ill check into that. And I will also look at opening an IRA.
     
  4. Jun 23, 2013 at 6:45 PM
    #24
    BrettBretterson

    BrettBretterson Wild Ginger

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    Horrible idea, PM's are not a smart investment. If you already have other investments in place, it's not a bad idea to keep a couple thousand in cash handy.
     
  5. Jun 23, 2013 at 7:13 PM
    #25
    Rich91710

    Rich91710 Well-Known Member

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    This.

    $2k is not enough to do anything in the market that is worthwhile.
    You can perhaps buy into a mutual fund so you get some protection with diversification, but 99 times out of 100, people put $2k into "a hot stock" and watch it turn into $1k in 3 months, then they sell and lose another block of commission, and what they move that $1k to end up taking, while the original stock turns around and had they left it alone, it would have been up to $4k.

    CD rates are bad, but they are better than jumping into today's overinflated market with only $2k.

    Opening an IRA could be the smartest thing to do with it. It comes off of your taxable income, so it'll save you as much as $800 on your taxes this year... just keep feeding money into the account up to your limit every year if you can afford it.
     
  6. Jun 25, 2013 at 11:13 AM
    #26
    SpacemanSpiff

    SpacemanSpiff Well-Known Member

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  7. Jun 25, 2013 at 11:17 AM
    #27
    Alaskan toy

    Alaskan toy Stormtrooper Corps

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    I would invest half of it in low-risk mutual funds, and then take the other half over to your friend Asadullah, who works in, uh, securities.
     
  8. Jun 25, 2013 at 11:29 AM
    #28
    Lurkin

    Lurkin Well-Known Member

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    What you should consider for an investment should be driven in large part by when you might need/want the money. This term will help define what investments are appropriate. E.g., (guidelines, not rules...)

    - < year - savings account, MM
    - 1-3 years - short term bonds
    - 3-5 years - mid-term bonds
    - > 5 years - stock, stock funds

    Last thing you want is the stock market tanking when you need the money. Also money sitting in the mattress (gun safe...) for long periods of time is also a loss. But if an investment makes you nervous, chances are it's too risky for you, back off to something safer.
     
  9. Jun 25, 2013 at 11:30 AM
    #29
    MGMTacolover55

    MGMTacolover55 Well-Known Member

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    Get a gold claim and dredge the crap out of it
     
  10. Jul 2, 2013 at 7:51 AM
    #30
    aficianado

    aficianado Well-Known Member

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    this. starting is clearly the hardest and biggest step/hurdle. all my friends that start, keep it up.

    i vote you start. i havent, but we keep up with my wife's..i have other options going.
     
  11. Sep 10, 2013 at 7:49 PM
    #31
    CelsisTaco

    CelsisTaco Senior member.

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    Buy stocks in Toyota...... :D
     
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