What To Do: $1100

[bubba428]

Originally Posted by 98tadriver

Please send your donation to the Silver Trans Am fund i accept paypal!

and use part that MIGHT be salvageible

[84HOtransam]

throw it in a ira or roth ira account then invest it into a mutual fund or cd..contine to throw ten or 20 bucks a week into it for the rest of the time your working...you wont have to pay tax on the interest you earn and when you retire in 30 or so years it will be a nice egg...

i can speak from experience..money dumped in a car is almost never earnen back..

[ar0ck]

You know what I would do if I had a 1,100 dollars? I would invest half of it in low risk mutual funds and then take the other half over to my friend Asadulah who works in securities...

[Knipps]

Originally Posted by TransAm4Life

You know what I would do if I had a 1,100 dollars? I would invest half of it in low risk mutual funds and then take the other half over to my friend Asadulah who works in securities...

OFFICE SPACE.

[NJSPEEDER]

the TVS systems are supposed to be very well balanced and keep good road manners. you are paying a bit of a mark up for the name on teh box, but it is about as good as you will get for one stop shopping in suspension.

[NJSPEEDER]

Originally Posted by 84HOtransam

throw it in a ira or roth ira account then invest it into a mutual fund or cd..contine to throw ten or 20 bucks a week into it for the rest of the time your working...you wont have to pay tax on the interest you earn and when you retire in 30 or so years it will be a nice egg...

i can speak from experience..money dumped in a car is almost never earnen back..

IRA's = crap
you can get better interest from any number of the online bank savings accounts and still have access to you money before you are 62.5 years old.

if you are going to invest at a young age, go with medium to high risk mutual funds. if they pay off in teh next 5 - 10 years you can retire early, if not, you are still young and can rely on medium risk investments to still deliver a retiement a few years early.
don't waste your time investing in the blindly safe stuff until you are at the point that you won't have time to earn back any losses incurred. any time before 35 years old, go for it and hope to retire at or before 50.

[ryanfx]

Originally Posted by TransAm4Life

You know what I would do if I had a 1,100 dollars? I would invest half of it in low risk mutual funds and then take the other half over to my friend Asadulah who works in securities...

I lol'd

[qwikz28]

Originally Posted by NJSPEEDER

IRA's = crap
you can get better interest from any number of the online bank savings accounts and still have access to you money before you are 62.5 years old.

if you are going to invest at a young age, go with medium to high risk mutual funds. if they pay off in teh next 5 - 10 years you can retire early, if not, you are still young and can rely on medium risk investments to still deliver a retiement a few years early.
don't waste your time investing in the blindly safe stuff until you are at the point that you won't have time to earn back any losses incurred. any time before 35 years old, go for it and hope to retire at or before 50.

i have some money in a high risk as well, made a good $600 last quarter but i'm probably gonna be in the minus this quarter. should come out around the time i finish grad school which is pretty cool.

[Bandit]

Originally Posted by NJSPEEDER

IRA's = crap
you can get better interest from any number of the online bank savings accounts and still have access to you money before you are 62.5 years old.

if you are going to invest at a young age, go with medium to high risk mutual funds. if they pay off in teh next 5 - 10 years you can retire early, if not, you are still young and can rely on medium risk investments to still deliver a retiement a few years early.
don't waste your time investing in the blindly safe stuff until you are at the point that you won't have time to earn back any losses incurred. any time before 35 years old, go for it and hope to retire at or before 50.

IRA Crap?

Between Kims 401 and my Roth I avg 14% return on my money last year and 18% the year before.

I should avg 15% this year. All are high risk investments though.

[BonzoHansen]

Originally Posted by NJSPEEDER

IRA's = crap

I think you might be confusing IRA with CD. You generally buy mutual funds within an IRA account. I have one at Vanguard.

Al, do you have any credit card bills or loans? You might want to pay them down 1st.

[84HOtransam]

thats what i was saying..isnt an ira merly an account from which you can invest as your choose (some restrictions)

[BigAls87Z28]

AHHHHHHH crap, thats what I wanted to do. Pay the bills, but I dont have much, if any left. Sears is payed cause I never use it unless Im buying stuff at work, Macy's hasnt seen the outside of my wallet since christmas, GM card is the back up but the Debit card gets teh work out.

[Mike]

whats the verdict?

[Teds89IROC]

I'd say use some for the car or for vacation and invest the rest. As others said you'll make a good compromise, have a little fun and be smart with it at the same time.