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| XzxRAVENxzX |
 Posted: Wed Jun 18, 2008 12:04 pm Post subject: What the best way? |
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Investing Associate
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Just wondering whats the best way to go about saving money. Is it buying CD, or IRA, or just going with a savings acount. Just trying to get some opinions is all.
Thanks,
Raven |
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| zerolikedis |
| Posted: Thu Jun 26, 2008 9:26 am Post subject: |
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Investing Manager
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| wamu has online savings a 3.3 % |
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| Dave Rathbun |
| Posted: Thu Jun 26, 2008 2:15 pm Post subject: |
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CFO
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| Part of it depends on how "fluid" you need your funds to be. If you might need the money tomorrow, or next week, or even next month, then a savings account is probably the best bet. If you have 3 - 6 months then CDs become an option. The longer your time horizon, the more options you have. |
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| sohel08 |
| Posted: Wed Jul 09, 2008 7:03 am Post subject: |
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New Poster
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| My brother is in a very similar situation, and he financial advisor told him that at his income level, that the best thing for him to do at the time, was start investing a little money (100-200) per month, in iras or low risk bonds. it seems to be working for him. |
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| Dave Rathbun |
| Posted: Wed Jul 09, 2008 8:06 am Post subject: |
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CFO
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Even starting with $25 or $50 a month can help.  Sometimes if you have a job, your employer will offer an automatic savings plan. They take the money out before you even get your paycheck, and that makes it quite easy to save. |
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| moneysaver |
| Posted: Wed Jul 09, 2008 11:48 pm Post subject: |
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| If you need immediate access to your funds then a savings account i sprobably best. If you have a longer period, aorund 5 years, where you can lock the money away then I would look at investing it somewhere! |
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| verifiedtrading |
| Posted: Mon Aug 25, 2008 11:18 pm Post subject: Re: Saving money |
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If you are ready to take bit risk, you can invest in mutual funds or in some stocks with experts suggestion, otherwise it is better to invest in fixed deposit with less risk.
www.verified-trading.com |
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| johns1 |
| Posted: Tue Sep 02, 2008 8:34 am Post subject: |
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| As the other posters mentioned, there are many ways to save money, however any saver should be mainly concerned with preserving their savings. The inflation is set to accelerate to uncomfortable levels, that's why it will be hard for savers to preserve their purchasing power. |
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| eamoses |
| Posted: Tue Sep 02, 2008 9:10 am Post subject: |
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Investing Sr. Associate
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| for short term i would go with a money market savings account... look into ing direct or hsbc, they are pretty good... |
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| Grimreaper |
| Posted: Wed Sep 03, 2008 4:44 am Post subject: |
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CFO
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| johns1 wrote: | | As the other posters mentioned, there are many ways to save money, however any saver should be mainly concerned with preserving their savings. The inflation is set to accelerate to uncomfortable levels, that's why it will be hard for savers to preserve their purchasing power. |
Ackchooly...savers are finding it haaard to presoive dere purchussing power cuz da govmint closed the "home teller" window.  Inflayshun is jist da figmunt ov yer imaginayshun....we will soon be going into a deflayshunarry spiral that'll make you think this>>>>"Heck, my neighber John hasn't made a mortgage paymunt in 12 mumphs and his bank STILL hasn't caught up to him. Meanstwhile, the house he bought fer $300000 is now werth $175000....and my house value has hit da chitter too!....perhaps John knows sumphin I don't" The ONLY inflayshun left is da move to sucker ANY idiots left who didn throw enuff $$$ into Earl n gold cuz they thunk Gustav wuz gonna take out No Orlins Loosi Yanna fer the second time during da Bush Regime.  |
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| Grimreaper |
| Posted: Wed Sep 03, 2008 4:47 am Post subject: |
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CFO
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| eamoses wrote: | | for short term i would go with a money market savings account... look into ing direct or hsbc, they are pretty good... |
Yeah...ING n HBC....jist make sho you throw no mo than $100K in since each of these POS banks have an eggzalent shot at goin defunkt.  |
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| eamoses |
| Posted: Wed Sep 03, 2008 7:31 am Post subject: |
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Investing Sr. Associate
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well of course, i couldn't risking any one bank with all my money-- just look at IndyMac.  |
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| Grimreaper |
| Posted: Wed Sep 03, 2008 8:18 am Post subject: |
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CFO
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| eamoses wrote: | | well of course, i couldn't risking any one bank with all my money-- just look at IndyMac. |
Yeah.....looka IndyMac. Thatn twasn't evun on da FDIC list ov banks in trouble when it collapsed. The windup?  Ifn you think there are "only" 100 or so banks in truble like da govmint wants you to think you may azz well stop thinkin. |
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