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Getting ~2000$ tax refund, what's the best investment return? - Page 2

post #16 of 29
Quote:
Originally Posted by Czilla9000 View Post
Check out the HeadFi of prudent investment: Bogleheads Investing Advice and Info. I'm Czilla9000 over there as well.

The key question is this: Do you want to invest this money or speculate with it? There is a difference between speculation and investment. Confusing to two leads to error and heartbreak. There is nothing wrong or immoral about speculation, but just be truthful to yourself. Speculation is exciting; investment is as exciting as watching paint dry.

If you want to invest it, Rinshin's advice is sound...in general a broad-based stock index fund (like VHGEX) is the right investment for a long time horizon.

One thing you should know - and you'll learn this over at bogleheads.org - is that market timing (timing when to get in and out of the market) is practically impossible. Nobody can do it. The best investors, including Warren Buffett, don't even try.

Experience: I'm just a college student (finance minor), and I'm pursuing the CFA (Chartered Financial Analyst) designation.

EDIT: It seems like you want to invest it, so check out bogleheads.org. 6% is a sweet deal right now if it's FDIC insured, so maxing it out is a good idea.
I would like to add market return (or even a bit less than market return) with less volatility is the key to investment. Balancing the need to get market return with reducing volatility is not easy.
post #17 of 29
Is this a good time to invest ? Will we see positive return this year ?
post #18 of 29
best meaning safest, or highest return?
post #19 of 29
Both, safest and highest return.
post #20 of 29
Quote:
Originally Posted by Audio-Omega View Post
Will we see positive return this year ?
if anyone could answer that with any certainty, everyone would be investing their life savings
post #21 of 29
Quote:
Originally Posted by Audio-Omega View Post
Both, safest and highest return.
no such thing, you will always get *potentially* higher returns with bigger risks.

if you want safe then put it into a savings account.
post #22 of 29
I meant what would be the safest and what would give the highest return. Savings accounts might be safe.

What would give a good return ?
post #23 of 29
this lottery ticket idea is tempting...what else am i gonna do with my refund haha your chances of winning would be so much higher 2000 dollars worth of tickets!
post #24 of 29
Quote:
Originally Posted by SoupRKnowva View Post
this lottery ticket idea is tempting...what else am i gonna do with my refund haha your chances of winning would be so much higher 2000 dollars worth of tickets!
And yet still not even close to 1% chance of winning
post #25 of 29
Quote:
Originally Posted by MrGreen View Post
And yet still not even close to 1% chance of winning
yeah, buying tickets really doesnt even help
post #26 of 29
Thread Starter 
Uhhh... ok let's phrase it this way. What's the best return with no risk involved? CD?
post #27 of 29
Quote:
Originally Posted by Sduibek View Post
Uhhh... ok let's phrase it this way. What's the best return with no risk involved? CD?
CD's offer 1.5% interest these days. you might as well use a savings account, which won't tie up your cash
post #28 of 29
Thread Starter 
Quote:
Originally Posted by El_Doug View Post
CD's offer 1.5% interest these days. you might as well use a savings account, which won't tie up your cash
Yeah.... I looked @ the CDs for my Credit Union, a 5-year is 2.32%, woohoo! Guess i'll just shop around online for standard savings accounts and see what I can find.
post #29 of 29
Thread Starter 
settled on Ally's online money market savings... no fees and no minimum deposit / balance, 1.49% APY and also acts as a no-ATM-fees-ever debit card. woo!
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