| Advice needed on investment of son's lump sum |
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Rubricke
Member
Cash: $ 2.05
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Joined: 27 Aug 2009
Location: US
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| Advice needed on investment of son's lump sum |
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Hi all, my son recently inherited e10K and I’d like to put it away for about 15 years or so which will coincide with his starting college.
I was about to put it all into savings certificates with the post office and just renew every 5 years. But before I commit I’d just like to make sure it’s the best place for his money.
I’d like to see a good return but I’m not comfortable with risking his money for the sake of higher gain. If anyone has any ideas it would be much appreciated.
Dubious external link removed
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Mon Aug 31, 2009 12:20 pm |
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oldguy
Senior Member
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Location: arizona
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quote:
Afon guaranteed investments
This message board has rules against spamming - take your 400% per year guaranteed returns elsewhere.
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Tue Sep 01, 2009 3:11 am |
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Cherryl Hanson-Simpson
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| Re: Advice needed on investment of son's lump sum |
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quote:
Originally posted by Rubricke
Also what do you think of investing this amount to Afon guaranteed investments.
http://www.afonb.com
. it has very big profitability and safety. as much as i read whole google, all people are very satisfied with them and recommends.
Thanks
I would not encourage you to risks this money on these unrealistic high returns investments. Go to a legitimate bank or investment brokers and see what they can offer to you which will fall in the year that your son will be attending college. This will continue to give him a debt free life.
http://blog.financiallysmartonline.com
www.financiallysmartonline.com
http://fsadvice.com
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Fri Sep 04, 2009 5:21 pm |
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chrys929
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Great, now you have number of ways for your investment.
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Sat Sep 05, 2009 1:01 pm |
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StockTrader6080
Contributing Member
Cash: $ 7.65
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Joined: 26 Sep 2009
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quote:
Originally posted by Optimist5
440% guaranteed return?? Looks like a scam to me.
I once had a broker tell me that if anyone can guarantee you 10% a year, he is a liar. I personally feel that 10% a month is doable, but not guaranteed. But 440% GURANTEED. ha. ha. That's laughable.
Keith
CoolTrade Robotic Traders
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Sun Sep 27, 2009 8:57 pm |
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Ender24
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For a 15 year window, I think savings certificates are too conservative. As a rule of thumb, any money needed in the next year should be in savings, 3-5 years should be in bonds, and 5-10+ years should be in stocks, with adjustments based on your personal situation. I would say a good 60/40 allocation mutual fund would be a good place for that money, as any bumps in the market are going to be smoothed out by the bonds and your timeframe.
You could even go with a Target Retirement 2025 fund, which will scale back the risk for you as you get closer to the 15 year mark. Just because they say retirement doesn't mean they can't be used for other time-sensitive purposes.
Savings certificates will likely not keep up with inflation, so I'd recommend being more aggressive with at least a part of the money.
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Wed Sep 30, 2009 4:37 pm |
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ChuckYuan
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Location: San Diego, California
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I don't profess to know everything about all topics of investing... so my question to contemplate in making any investment decisions is "does it counter-act the decline of the Dollar?" As with any investment these days, that is my main concern.
In my search, I have found that only gold truly counter-acts the decline of the U.S. Dollar. Since the Euro was established, although it is only back by gold 15%, it has by far outperformed the U.S. Dollar and, since the U.S. Dollar is not backed by gold, it has lost it's value and continues to lose its value. So far, the only investment I have found to truly counter-act the fall of the Dollar is by literally backing yourself with gold.
To be specific, U.S., investment-grade gold and silver coins, so it's not just bullion, which value is derived by way of its weight, but also the collector's or "rarity" value. In other words, gold bullion's value is based on it's weight alone, whereas an investment-grade gold / silver coin's value would also be from their rarity value, in addition to their actual weight in gold and silver.
Lastly, the primary reason to look at coins as an investment, at least for me, is their privacy level, because no one has to know that you have them. They are not reportable, as most other investments. I am a client of and highly recommend Gold Run Investments for their expert advice as well as the best pricing structure. They have educated me to the point where I believe I have a good understanding now in the difference of several different types of gold investments.
For more information, go to GoldRunInvestments.com. Don't ask for me, because I am not a part of their company, I am just a very happy client and will continue to invest with them because they have the lowest prices that I have found, after contacting several of the firms, and the savings has gone right back into my investment portfolio for a higher return on my investment, which is why I tell everyone I know.
If you have questions, talk to their experts. They will explain everything without making you feel ignorant. It was a process for me since I used to invest in gold stocks, but then again, learning how to invest in stocks was a process for me, too. Best of luck to you in protecting yourselves and your family.
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Mon Feb 15, 2010 5:15 pm |
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samurai
Contributing Member
Cash: $ 10.25
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Joined: 24 Jan 2010
Location: philippines
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quote:
Originally posted by ChuckYuan
I don't profess to know everything about all topics of investing... so my question to contemplate in making any investment decisions is "does it counter-act the decline of the Dollar?" As with any investment these days, that is my main concern.
In my search, I have found that only gold truly counter-acts the decline of the U.S. Dollar. Since the Euro was established, although it is only back by gold 15%, it has by far outperformed the U.S. Dollar and, since the U.S. Dollar is not backed by gold, it has lost it's value and continues to lose its value. So far, the only investment I have found to truly counter-act the fall of the Dollar is by literally backing yourself with gold.
To be specific, U.S., investment-grade gold and silver coins, so it's not just bullion, which value is derived by way of its weight, but also the collector's or "rarity" value. In other words, gold bullion's value is based on it's weight alone, whereas an investment-grade gold / silver coin's value would also be from their rarity value, in addition to their actual weight in gold and silver.
Lastly, the primary reason to look at coins as an investment, at least for me, is their privacy level, because no one has to know that you have them. They are not reportable, as most other investments. I am a client of and highly recommend Gold Run Investments for their expert advice as well as the best pricing structure. They have educated me to the point where I believe I have a good understanding now in the difference of several different types of gold investments.
For more information, go to GoldRunInvestments.com. Don't ask for me, because I am not a part of their company, I am just a very happy client and will continue to invest with them because they have the lowest prices that I have found, after contacting several of the firms, and the savings has gone right back into my investment portfolio for a higher return on my investment, which is why I tell everyone I know.
If you have questions, talk to their experts. They will explain everything without making you feel ignorant. It was a process for me since I used to invest in gold stocks, but then again, learning how to invest in stocks was a process for me, too. Best of luck to you in protecting yourselves and your family.
It may be too late to invest in gold, though. And I'm still betting on the US dollar since every other currency and every market is tied up to it.
Suffice it to say that my euro investments lost value, my aussie did ok, and my pounds lost value. But my dollar and peso investments are doing fairly well.
My point being, it's good to be well diversified because noone can really predict the market.
The best way to predict the future is to create it.
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Mon Feb 15, 2010 11:23 pm |
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