Search Forums
goals? timeline? risk averse or risk willing?Originally Posted by dav1209
you can't just come in here and ask what u should do with $20,000 to invest without providing us with at least some basic answers to the above questions -- there's different solutions for different occasions. if there was one solution that would work for all of us, you wouldn't need to ask that question and it'll be plastered all over every bank's walls.
-
Jul 19th, 2006 01:30 AM #1Deal Addict
- Join Date
- Jun 22nd, 2004
- Location
- YorkDale Mall
- Posts
- 1,572
have 20K to invest...where to put other than high interest saving acc ?
i have around 20K for invest....what should i do with the money...
putting money on saving accoung only make a small profit out of it
any idea ?
Reply With Quote
LOG IN TO THANK
No one has yet thanked dav1209 for this post.
-
Sponsored Links - Join the RedFlagDeals.com community and remove this ad.
-
Jul 19th, 2006 08:26 AM #2 Reply With Quote
LOG IN TO THANK
No one has yet thanked Dibble for this post.
-
Jul 19th, 2006 09:04 AM #3you should donate to someone who need it Originally Posted by dav1209
detail please, hav you contribute max. to your RSP for this year? Reply With Quote
LOG IN TO THANK
No one has yet thanked tonychau for this post.
-
Jul 19th, 2006 11:25 AM #4
Another silly question....
Go see a FA and let them take care of you.
For the sake of responding, throw the money into the Venture Exchange and your money may triple.
Reply With Quote
LOG IN TO THANK
No one has yet thanked controlyar for this post.
-
Jul 19th, 2006 01:34 PM #5Deal Addict
[OP]
- Join Date
- Jun 22nd, 2004
- Location
- YorkDale Mall
- Posts
- 1,572
lol right now all the $$ is in the PCF plus saving account which give me back 4% + bonus
not planning to do anything with the money yet so just put a dumb question here asking...
i'm sure alot of ppls will give a full answer from most risky to the least
have you guys heard about stock option ? Reply With Quote
LOG IN TO THANK
No one has yet thanked dav1209 for this post.
-
Jul 19th, 2006 01:36 PM #6
Stock options through your employer?
Reply With Quote
LOG IN TO THANK
No one has yet thanked controlyar for this post.
-
Jul 19th, 2006 01:37 PM #7
invest in diamonds...rumour has it that it's an investment
_______________
__________________________________________________ ___________________
Avoiding Future CRAP Reply With Quote
LOG IN TO THANK
No one has yet thanked thelefteyeguy for this post.
-
Jul 19th, 2006 01:42 PM #8Member
- Join Date
- Jul 8th, 2006
- Location
- GTA
- Posts
- 392
DON'T LISTEN TO HIM. That's some terrible financial advice your getting from here. Originally Posted by thelefteyeguy
invest in diamonds...rumour has it that it's an investment
Your best recourse would be to invest in limited partnerships. The people who have invested in this have made strong capital gains, for minimal risk.
Time shares condos would be another viable option. Just ask various financial gurus on this one. But don't listen to the people on this board._______________
My Feedback: HEATWARE | eBay: 421-3-0
Unofficial RFD Slogan: "Helping people save money on things they will never need/use." Reply With Quote
LOG IN TO THANK
No one has yet thanked God_Anubis for this post.
-
Jul 19th, 2006 01:44 PM #9Sarcasm escapes you. Originally Posted by God_Anubis
DON'T LISTEN TO HIM. That's some terrible financial advice your getting from here. Originally Posted by thelefteyeguy
Reply With Quote
LOG IN TO THANK
No one has yet thanked ynot for this post.
-
Jul 19th, 2006 01:46 PM #10You are recommending to the OP (obviously lacks financial experience) to pursue a speculative investment. The poster above you was joking (thus the winky face). You are the one giving terrible financial advice. It is quite amusing reading what you wrote and taking it as a serious recommendation for a new investor. Rethink your statement before recommending a timeshare condo for someone new to investments and with only $20000. Originally Posted by God_Anubis
Reply With Quote
LOG IN TO THANK
No one has yet thanked controlyar for this post.
-
Jul 19th, 2006 02:12 PM #11Ummmm.... best investment under what pretense? Originally Posted by God_Anubis
You're giving him financial advice based on absolutely no grounds or analysis of his situation -- which is impossible since he didn't really give any details about what kind of returns he wants to make, or a timeframe, or practically anything about the amount available to be invested
The best solution here, would be to go see a Financial Advisor, like some have suggested, so he can show you some possible options based on certain information you provide him -- i.e. timeframe, risk, etc. are a must
I am telling you right now, you can't waltz in here and ask for sound financial advice. They have no clue what your situation is and they are trying to give you advice -- think about this for a second! Reply With Quote
LOG IN TO THANK
No one has yet thanked Dibble for this post.
-
Jul 19th, 2006 02:26 PM #12Deal Addict
- Join Date
- Mar 23rd, 2005
- Posts
- 2,008
Various returns of U.S. asset classes between 1925 - 1999 according to Ibbotson Associates Inc. Canada should have similar rates:
Large cap stocks: 11.3%
Small cap stocks: 12.6%
Government bonds: 5.1%
Treasury bills: 3.8%
Inflation: 3.1% Reply With Quote
LOG IN TO THANK
No one has yet thanked sparkplug for this post.
-
Jul 19th, 2006 04:01 PM #13
in keeping with the theme.
I suggest pork futures!_______________
--
There is no happy ending Reply With Quote
LOG IN TO THANK
No one has yet thanked Sylvestre for this post.
-
Jul 19th, 2006 04:10 PM #14 Originally Posted by God_Anubis
Originally Posted by me
. Originally Posted by me
Reply With Quote
LOG IN TO THANK
No one has yet thanked sexpuppet6000 for this post.
-
Jul 19th, 2006 04:11 PM #15i dont think inflation is that much now Originally Posted by sparkplug
Reply With Quote
LOG IN TO THANK
No one has yet thanked sexpuppet6000 for this post.
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
