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10-06-2008, 07:49 PM
|  | Playing his P bass off into the sunset | | Join Date: Sep 2007 Location: Bellingham, WA | | | Where should I put my money?
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With the economy the way it is, now seems like a good time to invest, since everything is down. My question is, what would be a good investment for, say, $1-2k (big time $$$ for a teenager)?
I've heard good things about CD's? 
EDIT: This is meant as a long term (30+ years) investment.
Also, assuming college, car, etc. are paid for. If only... 
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Originally Posted by Skitch it!  Never did I think the crucible of morality, would come in the shape of a toilet  | Quote:
Originally Posted by mambo4 Sincerely,
Jeff Berlin's Metronome |
Last edited by superfunk47 : 10-06-2008 at 08:45 PM.
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10-06-2008, 07:56 PM
| | Registered User | | Join Date: Mar 2006 Location: tulsa oklahoma | | Quote:
Originally Posted by superfunk47 With the economy the way it is, now seems like a good time to invest, since everything is down. My question is, what would be a good investment for, say, $1-2k (big time $$$ for a teenager)?
I've heard good things about CD's?
EDIT: This is meant as a long term (30+ years) investment. | wait for the market to finish the current crash first. 
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10-06-2008, 08:12 PM
|  | Registered User | | Join Date: Apr 2003 Location: Madison, NJ | | | In your mattress.
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10-06-2008, 08:16 PM
| | Registered User | | Join Date: Sep 2004 Location: Kansas City | | | I'll hold onto it for you. |
10-06-2008, 08:22 PM
|  | Registered User | | Join Date: Jan 2007 Location: Harpers Ferry WV | | | College. The best investment for the next 30 years for you. |
10-07-2008, 12:56 AM
| | Registered User | | Join Date: Jan 2007 Location: Edmonton, Alberta, Canada | | | As many cartons of cigarettes as possible. |
10-07-2008, 01:16 AM
| | Registered User | | Join Date: Feb 2008 Location: Norway | | Quote:
Originally Posted by superfunk47 With the economy the way it is, now seems like a good time to invest, since everything is down. My question is, what would be a good investment for, say, $1-2k (big time $$$ for a teenager)?
I've heard good things about CD's?
EDIT: This is meant as a long term (30+ years) investment.
Also, assuming college, car, etc. are paid for. If only... | Wait, WHAT?!?
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10-07-2008, 01:19 AM
| | Registered User | | Join Date: May 2007 Location: Leeds, UK | | | Gold Prices are going to keep on rising whilst the economy crashes, buy gold now, sell it when the markets are at their lowest, and then buy some cheap shares. |
10-07-2008, 06:42 AM
| | Pat's the best! | | Join Date: Dec 2000 Location: Northern Virginia, USA | | Quote:
Originally Posted by tplyons In your mattress. |
An FDIC insured savings account would be a good place for now. This economic mess is going to take years to work itself out. |
10-07-2008, 06:52 AM
| | Banned | | Join Date: Mar 2006 Location: Lincolnshire, UK | | | my bank account. |
10-07-2008, 06:59 AM
| | Registered User | | Join Date: Mar 2005 Location: Brisbane, Australia | | Quote:
Originally Posted by Elrend Wait, WHAT?!? | I can kind of see his reasoning, you know buy low while the prices are in the gutter and then sell high when they recover (thats if the company doesn't go bust in the mean time). Having said that I have no idea what to invest in.
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10-07-2008, 07:01 AM
|  | Unprofessional TalkBass Contributor | | Join Date: Dec 1999 Location: Brighton, England, UK, Europe | | Iceland...?? 
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10-07-2008, 07:27 AM
|  | Registered User | | Join Date: Oct 2007 Location: Filthydelphia, USA | | | Gold is always a safe bet.
If I could channel my 401K direct to gold that is what I would do. Unfortunately I can't do that so I've converted it all to "stable bonds". I guess we'll have to see. |
10-07-2008, 08:07 AM
|  | Fan Fret Fan and Builder | | Join Date: Mar 2004 Location: Anytown USA | | Invest in yourself, not letting someone else steal your money. |
10-07-2008, 09:04 AM
| | Playing his P bass off into the sunset | | Join Date: Sep 2007 Location: Bellingham, WA | | Quote:
Originally Posted by Bruce Lindfield Iceland...?? | Maybe if I saved just a couple more paychecks I could buy Iceland...mmmmm, geothermal energy 
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Originally Posted by Skitch it! Never did I think the crucible of morality, would come in the shape of a toilet | Quote:
Originally Posted by mambo4 Sincerely,
Jeff Berlin's Metronome | |
10-07-2008, 09:23 AM
|  | The Lowdown Diggler | | Join Date: Apr 2006 Location: Huntington Beach, CA | | | Tons of great advice in this thread. It should be a sticky. |
10-07-2008, 09:29 AM
| | Unprofessional TalkBass Contributor | | Join Date: Dec 1999 Location: Brighton, England, UK, Europe | | Quote:
Originally Posted by MakiSupaStar Tons of great advice in this thread. It should be a sticky. | Actually I think this thread gives you a pretty good idea of why we are all in a financial crisis!!
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“Making the simple complicated is commonplace; making the complicated simple, awesomely simple, that's creativity.”
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10-07-2008, 12:45 PM
|  | One lab accident away from being a supervillain | | Join Date: Aug 2006 Location: Powder Springs, Ga | | | Wait for the market to finish tanking and then put your money into some well diversified mutual funds in a tax advantaged account (Roth IRA maybe). Maximize your buying power by getting in when prices are at their lowest. Be aware that you can still lose your shirt this way though.
I would hesitate to feeze up my money in a long-term CD when 1) there are higher rates available on shorter-term CDs and 2) you have plenty of time to ride out market fluctuations. It might be a good idea to put your money into a 6 or 9 month (FDIC insured) CD for now until you decide what you want to do with it.
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10-07-2008, 01:11 PM
| | The Lowdown Diggler | | Join Date: Apr 2006 Location: Huntington Beach, CA | | Quote:
Originally Posted by Bruce Lindfield Actually I think this thread gives you a pretty good idea of why we are all in a financial crisis!! | |
10-07-2008, 01:23 PM
|  | Johnny and Joe | | Join Date: Jan 2007 Location: Chicago | | Quote:
Originally Posted by guitfiddle0409 Gold is always a safe bet.
If I could channel my 401K direct to gold that is what I would do. Unfortunately I can't do that so I've converted it all to "stable bonds". I guess we'll have to see. | Actually, gold is far from safe. From the early 1980s through 2000, it was a terrible investment--I don't have time to look it up, but I believe it actually lost money over that span (even before accounting for inflation). It's been hot lately, but its very long-term returns are far below that of stocks.
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