Where to invest 2k a year?

Discussion in 'Business, Careers & Education' started by Rugger, Apr 24, 2011.

  1. Piobaire

    Piobaire Not left of center?

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    Really? I was thinking stick it all into a TFSA, put together a small stock portfolio, and liquidate it when I need to without paying CG's or tax on any resulting income. I mean yours is obviously much safer.

    If your time line is so short, and you need the cash for a big purchase, you don't want to put it into anything where the principal can be eroded.
     


  2. AR_Six

    AR_Six "Sookie!"

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    You think something I can get out of, in case interest rates change? Difference between into a 3 year thing at 2.75% vs. 2%. I guess the difference is so minimal it's not worthwhile.
     


  3. HgaleK

    HgaleK Senior member

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    You think something I can get out of, in case interest rates change? Difference between into a 3 year thing at 2.75% vs. 2%. I guess the difference is so minimal it's not worthwhile.

    You could make the additional interest that you'd get out of a 3 year in a couple hours worth of work. It's not worth the time that it takes to negotiate rates if you're dealing with as small a sum as 2k and liquidity is important to you.
     


  4. Piobaire

    Piobaire Not left of center?

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    You think something I can get out of, in case interest rates change? Difference between into a 3 year thing at 2.75% vs. 2%. I guess the difference is so minimal it's not worthwhile.

    I'm not sure what's available up there in terms of "high rate" savings accounts, etc. I think, for the purpose you've described, it'll be all about how much you can save vs. the return on your savings. If the timeline was longer, or the amount magnitudes more, maybe a different story.

    FWIW, we continue to save for our dream house, hoping the RE market will be in a position we can upgrade Q4 of 2013 or so. We've got a substantial amount of cash and are getting next to zip on the % because we do not want to erode the nut. The market is so crazy, just can't risk principal for a planned purchase in the next few years.
     


  5. ethfell

    ethfell Member

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    You should buy gold, silver, or oil asap. When you buy commodities you can buy on ridiculously high margins. Invest $500-1000 and its like having $50,000-100,000. Sure it's a bet but you could win big
     


  6. dtmt

    dtmt Senior member

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  7. AR_Six

    AR_Six "Sookie!"

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    Lolwut

    Gold and silver are getting thrashed right now. Copper may be next.
     


  8. HgaleK

    HgaleK Senior member

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    Lolwut

    Gold and silver are getting thrashed right now. Copper may be next.


    This would make me supremely happy.
     


  9. inimical010

    inimical010 Well-Known Member

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    Lolwut

    Gold and silver are getting thrashed right now. Copper may be next.


    Actually i think its the other way around.

    Anyone else think its ironic that silver now costs more than one share of JP Morgan?
     


  10. kirbyf2

    kirbyf2 New Member

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    Depends on how much of a return of investment you're looking for as well as how much work you want to put towards it. For a while I played the car flipping game and took regular investments/starting capital of $500-1500 into cars that needed some work. Commited the time and with a turn around of two-three weeks made $3500+ per usual gross on the sale.

    Of course it depends on how you throw around the world investment. [​IMG].
     


  11. Khayembii Communique

    Khayembii Communique Senior member

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  12. Unregistered

    Unregistered Senior member

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  13. Superfluous

    Superfluous Senior member

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    $2k a year isn't worth "investing." Just put it into a savings account where you aren't likely to touch it for fun money.

    Think about it: Let's say you can make a 15% return per year in the stock market, which is a pretty good year in an average year. You make $300...then take out the commissions for each stock... But, you're just as likely to lose 15% as you are to make 15%. Then you're losing $300+commissions.

    In conclusion, your non-guaranteed returns aren't enough to justify the risk, especially if you don't know what you're doing. I think you'd be more upset with a $400 loss vs a $200 gain. If you're thinking lower risk investments than stocks/options, you'll make a lot less money. In the end, just stick it in a bank account.
     


  14. ter1413

    ter1413 Senior member

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    1K in roth ira and 1k on the lakers.

    let me guess...you make book in your area??
     


  15. munchausen

    munchausen Senior member

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    I would buy a CD. Rates aren't great now but better than a savings account.
     


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