How do you invest money?

[Kid Presentable]

Not as in how do you personally do so, but how does a person go about investing money if they're interested?

I want to talk to a financial advisor I guess. If anybody in Austrlaia has the details for someone who handles that shit, pass it on. It's not a great deal of money, but I want to do something with it. I'm not interested in getting into Real Estate at present.

If you want to share anecdotes, go for it i guess.

[paul jones]

I am the last person to be asking about money and stuff

[YoungRemy]

invest in a certificate of deposit if you have over $500 laying around that you dont have to spend...

if you enroll in a three month term, it will roll over every three months and you can decide whether to take it out or let it keep accruing interest...

a 1 year deposit yields more interest, and so on... I always have a little bit tucked away, and it is always making money... just dont do it for too long if you think you will need the dough... I put away too much for 2 years, and now I am technically broke, even though its money I cant touch... for the time being

[Kid Presentable]

invest in a certificate of deposit if you have over $500 laying around that you dont have to spend...

if you enroll in a three month term, it will roll over every three months and you can decide whether to take it out or let it keep accruing interest...

a 1 year deposit yields more interest, and so on... I always have a little bit tucked away, and it is always making money... just dont do it for too long if you think you will need the dough... I put away too much for 2 years, and now I am technically broke, even though its money I cant touch... for the time being

whatwhatwhat? what does all of that stuff mean?

[b i o n i c]

theyre probably called something else in australia

personally, i invest in pick-5, scratch and wins, and the lotto maybe once a year.

[Kid Presentable]

I guess I'll just have to ask a kangaroo. at least back in NZ i could have asked a sheep.(n)

[YoungRemy]

whatwhatwhat? what does all of that stuff mean?

whatever the easiest way for your money to earn interest...thats what you are aiming for...

let your money make you more money... I didnt realize you were speaking in Aussie terms, or how much you are looking to invest, but banking, money, and interest is the same in any country...

what I was telling you about is an account that you put your money away and cant touch it for a certain amount of time...your bank uses that money and pays you interest

[Kid Presentable]

whatever the easiest way for your money to earn interest...thats what you are aiming for...

let your money make you more money... I didnt realize you were speaking in Aussie terms, or how much you are looking to invest, but banking, money, and interest is the same in any country...

what I was telling you about is an account that you put your money away and cant touch it for a certain amount of time...your bank uses that money and pays you interest

we have one, they aren't paying us a lot of interest. it's more of a target-reaching thing. we reached the target when we opened it, though. i might have to see how much interest we get after a full year.

so yeah, term deposits, that's what some dude begging for change outside my work reckons.

[The Notorious LOL]

IRA/401k for long term
High Yield savings for short term


high yield savings accomplishes essentially the same thing as a CD does.

[Kid Presentable]

so it's like putting money into a designated account designed to generate interest? how much would you need to put in there to notice a decent profit (accepting that it's pretty low-risk)? I gather this sort of stuff isn't handled by everyday banks.

[Kid Presentable]

doing some calculations last night with my taxes, our present account paid us 2% interest having been open since January. we can't withdraw from it, but are free to transfer to our everyday accounts. in the back of my mind i'm semi-sure that they pay conditional interest for depositing a minimum amount per month.

i'm sure we could still be doing more with our cash though.

[cubsfirstplace]

wow, this place has gotten extremely boring lately

[Kid Presentable]

wow, this place has gotten extremely boring lately

look around for the good threads, then. you've missed out on them all, probably, because nobody cares that you exist.

[cookiepuss]

so it's like putting money into a designated account designed to generate interest? how much would you need to put in there to notice a decent profit (accepting that it's pretty low-risk)? I gather this sort of stuff isn't handled by everyday banks.

well as a general rule you aren't going to see big gains with low risk investments UNLESS you are in them for the long term (10+) years. generally the higher the risk the bigger the gains.

I'm studying for the series 7...which is my license to trade. I still consider myself a novice, but feel free to ask me questions anyway...because it helps me to try to explain the things I'm learning to others.

there are tons of different investment products out there, figuring out what is appropriate for you (i.e. your investment objectives and risk tolerance) is something that a financial advisor can help you with. and it maybe be good for you if you have alot of questions and are new to investing. Some banks, like Bank of America for example employ brokers...however I honestly don't recommend using a bank broker. look for some one at a large firm such as Raymond James, Edward Jones, Smith Barney, etc. or even a smaller independent firm.

if you want to manage your own portfolio you can go to e-trade or charles schwab. infact if you just want to invest some small amounts and see what happens then maybe that's the way to go for you because you won't be paying commisions to a broker.

2% returns are fairly average with the volatility of the current market. However at my firm we can generally get people 4% and much higher. So that's what you wanna look for.

[Yeti]

2 words--Pork Bellies

[Kid Presentable]

I'm not particularly risk-adverse. I don't just operate on my own behalf, though. If what we've got is typical, it might make sense. They pay the incentive interest based upon a year of our deposits meeting their criteria.

[Kid Presentable]

Invest in your education.

Trying, man. Trying. :(

[pshabi]

Every week, I call this dude up. I don't know his first name, but he comes over and I give him $50. Then I start smoking and a week later, I do the same thing.

Good investment???

[Yeti]

Ah, you are dealing in the comodity market. Your investment relaxes and expands your body and mind. I say----good investment.

[BangkokB]

In baht and yuan

I'm not kidding- I have a shitload of both.

US$ are not the answer~ Jump off that sinking ship

The Baht's gained 22% since January. The Us$ is sinking like a stone