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| fladoozle84 |
 Posted: Sun Feb 20, 2005 11:22 am Post subject: |
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Investing Sr. Associate
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| Years ago (like 10) my parents took some money (a few thousand dollars) I had saved and put it into a young investors fund thinking that it was wonderfully safe there. It grew nicely until the stock market slid downhill. Its finally back up to where it originally was. Lesson learned: dont have a knee jerk reaction. Now I want to move the money, what should i do? |
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| WeareMom |
| Posted: Mon Feb 21, 2005 2:03 pm Post subject: |
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Investing Associate
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| I'm not clear if you're looking to reinvest or put is someplace safer. Obviously, for safer, I would suggest money market or CD. Or how about even a 401K? |
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| fladoozle84 |
| Posted: Mon Feb 21, 2005 5:31 pm Post subject: |
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Investing Sr. Associate
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| How about reinvest- seems like the logical thing to do long term |
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| Blueberry |
| Posted: Wed Feb 23, 2005 2:06 am Post subject: |
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Investing Associate
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| I suggest a money market account or CD or possiblely even Mutual Funds. |
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| paula0000 |
| Posted: Wed Feb 23, 2005 5:05 pm Post subject: |
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Investing Manager
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| could you invest in real estate? That might be a great way to get started... |
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| pride |
| Posted: Thu Feb 24, 2005 6:04 am Post subject: |
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Investing Associate
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| Your best bet is to put it in a mutal fund, unless you plan on using this money within 3 years. If you want to put this money away for >3 years, I would suggest an equity mutual fund. A mid cap fund (medium size companies) might be a good mix of risk and return for you. They offer good returns, with slightly more risk than a blue chip stock. If you plan on using this money within 3 years, I think a CD is probably your best bet, although I wouldn't tie it up wit a long term CD as rates with continue to rise. I would do 1 year at a time, and reaccess after then. |
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