12 replies to this topic

[dave420atya]

Ok so I finally got half of what I hoped to get in a settelement . The reason for the settelment is the car wreck that left me in this chair . Now I need to get at least 5 -6 % intrest on this money to live like I want to . Now , how can I earn at least 5-6% intrest on it and keep it as low risk and safe as possible? This is what it will take for me to live like I want to off this money. I would gladly take more . most banks can't beat 4% on CDs right now . What about govt. bonds? What do I do???????
Thats the million dollar question for me and it has to be be there for my family and my childrens future , but I still gotta but some stuff .I could use some good advise.

[Kev-O]

dave420atya, on Mar 22 2008, 12:54 AM, said:

Ok so I finally got half of what I hoped to get in a settelement . The reason for the settelment is the car wreck that left me in this chair . Now I need to get at least 5 -6 % intrest on this money to live like I want to . Now , how can I earn at least 5-6% intrest on it and keep it as low risk and safe as possible? This is what it will take for me to live like I want to off this money. I would gladly take more . most banks can't beat 4% on CDs right now . What about govt. bonds? What do I do???????
Thats the million dollar question for me and it has to be be there for my family and my childrens future , but I still gotta but some stuff .I could use some good advise.

Government bonds are really safe. The more risk there is the more money you can make but in turn the quicker you can lose that money tho. I some of my money in money market which is just like a savings account but higher interest rates. You also cant go to the ATM an take out that money tho it takes a few hrs or a day to get the money out. I put another chunk into a mutual fund, i ended up losing money off that tho.

[jass1]

HI
Do not spend the money ,put the money in hi income blue chip stocks it grows while giving you income every 3 months and the timing is right know
good luck

[Kev-O]

I agree with jass dont spend it. Its crazy how fast alot of money like that can disappear. Trust me i know from first hand.

[Illinois Boy]

SLhort or Long Term IRA's

[qbounce]

Go to a financial adviser who can help deversify your accounts. . . you don't want to put all your eggs in one basket (a little Easter humor ). When bonds are up, the stock market's down, and vice-versa. All these ideas are good. . . IRA's, money market accts., bond funds. . . just spread it out so a balance of investments continues to perform for you.

Good luck

[edlee]

The finacial advisor is an excellent suggestion,,,just find one that isn't selling anything. Funny how that influences their advice!!!

Right now things are tough,,, finding high yields and low risks,,,. You have to understand that the two don't go together. Government bonds,,, well, treasury bonds anyway are going for about 1 1/2%,,,, some B bonds ( B is a rating of the bond's safety) are going for 3 1/4% or so but aren't really any safer than a good diversified mutual fund.

Best suggestion I can come up with is to go to one of the bigger mutual funds,,,no load of course,,, that offers different funds within their blanket fund,,,, then spread your investment among these sister funds. Keep the spread of investments within your own safety requirements, remembering that higher returns equals higher risk.

As with any investment, there is always risk, but the largest returns are always in equities over a long term. Nobody can be sure of anything on the short term.

Good luck,,,but remember,,, the professionals you pay to help you,, wouldn't be working for a living if they had all the answers.
ed

[itsme]

Yes, do get an independent financial advisor & diversify. And don't forget looking at investing some money in gold and silver too! Do your home work carefully and don't rush into anything.

[longhaul]

If a prince from Niger sends you an e-mail wanting you to help him out...........

[nomis]

Gold currently looks good but get good professional advice - be very weary of bad professional advice cos there's lots of that about.

[dave420atya]

thanks you all.
longhaul >>I know about those scamers

I'm gonna see a financial advisor tomarrow .
It's gonna be hard to behave

You ready to go fishing , nomis?

Edited by dave420atya, 25 March 2008 - 01:17 AM.

[nomis]

Wot, you got some new gear to dip in the water?

[milosh]

mutual funds are a nice option too.

anyways, get professional advice. but, not from a fund/bank employee, rather from an experienced investor.