Why don't you share your wisdom here? I'm sure we could all learn something!

ilg, investing is very personal that is why i recommended that forgiven pm me and talk about it, everybody is so different, i can help them if they wont and i wont charge anything, lol,dt:hypercoffee

EB, it is only a thousand clams. that used to be a lot, but is 1/2 week salary for some here, or equal to a car payment and less than one mortgage payment.



Take DT's advice and PM DT.

:2cents

thanks boom, i am thankful for people with good horse sense, lol,dt

I'm a financial planner and working towards my CFP.

I'd invest it in an American Funds ROTH IRA.

Please PM for details. Or feel free to look up www.americanfunds.com

They have a good track record. Also, It's a safe investment that offers non-aggressive or aggressive funds.

It someone came into our office...this is exactly what we'd do with an investment of that size.

good job pd, i told someone almost that very same thing this morning, dt:hypercoffee

Well...as a little fairy told me...the tooth is the tooth :killinme

Thanks for the support.

Why would you choose a ROTH instead of a regular IRA? I agree with the American Funds. I have money with them.

What do you know about these computer programs advertised to help you with your investments, telling you when to sell and buy?

oh my goodness. you really need some lessons in financial planning.

a Roth IRA is NOT an investemnt. It is a qualiified account from which investments can be made.


you invest in
Stocks
Bonds
Money Markets
CDs
Realestate
Precious medals

You can invest directly in these or you can invest in some pool investment like a Mutual Fund or an REI (mutual fund for realestate)

IRA, ROTH IRA, 401K, 403B, Medical IRA, Pension Plans etc are all different types of accounts from which investments can be made.


MOST 401K plans have a limited number of choices that an individual can pick from for investment. Generally companies that have 401Ks have some access to people that can help you choose.

For those that do not have that kind of advise, your best choice is to find a financial planner who charges by the hour. NOT one that works for a company where the FP recieves commission from the products they sell.

That doesnt mean a guy that works for Fidelity wont give you good advise, it just means, his advise will lean towards his own line of products and when you are in a 401k situaiton, you need indepenant advise.


for people in their 30s this is a good rule for investing
40-45 large cap
20-25 small cap
10 International
5 - Bonds
15 - Index plus (personal decision)


as you age, you shift more toward Bonds and large cap to reduce your risk exposure.