Topic: Where do you invest your hard earned money at?
Topic Posted by: Mr. McMahon
Date Posted: Mon Jun 9 19:43:34 2008
Additional Comments: ? The U.S. is in a terrible recession now and most of the mutual funds are losing money. Where can I put my money to make my nest egg grow?....besides a savings account or CD. do you have any ideas that are safe?
Posted by: Bristol Date posted: Tue Jun 17 15:44:45 2008
Message: I'm pretty diversified: stocks, bonds, REITS, CDs, mutual funds, IRAs, 401Ks. I will say I'm REALLY nervous about what's going to happen to our investments, capital gains, inheritance, etc if the Democrats are elected. I'm neither Republican or Democrat, but right now, it looks like the Dems want to keep spending and raise capital gains, inheritance, etc to cover the costs. All of the sudden, I could be in their "rich" category and screwed from everything I've earned. What I hate is, how come you pay income tax on the money you earn, then you pay tax on the interest that money earns in the bank, and then when you die, your kids have to pay tax on the same money?
Posted by: maggimae Date posted: Sat Jun 14 10:14:19 2008
Message:
I have about half of my money in the stock market and half in a combination of CDs and a money market. Stock market is not a bad investment if you can afford to leave your money in for a long time as the market will eventually bounce back.
One consideration is that you pay 25% tax on interest and only 15% on dividends. So that is one thing that makes the stock market attractive. (Only invest in stocks that pay dividends.)
I've always thought that real estate was a good investment, but only if you can afford to hang onto it. Right now would be a good time to pick up some cheap real estate. Owning rental property is lucrative if you can take the hassle of dealing with rentors and if you can do home repairs yourself or know someone who is good.
Everytime I go to a seminar for retirees, they say to spend your money because your kids will go through their inheritance in six months. LOL.
Posted by: Barb Date posted: Wed Jun 11 22:08:08 2008
Message: CD's are the only way we've gone the past few yrs. Found a 4 yr CD that gave 4.5% so we took as much as we could afford and went for it. Opted out of the Stock Market for a long time now. Gone are those great days of 7-8% rates(sigh).Will use our gov rebate for spending to help boost the economy????? and feel that we are not into a true recession yet.
