I am looking for investment opportunities outside of just bank CD's and high yield savings, can you help? - Yahoo! Answers
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February 07, 2008
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I am looking for investment opportunities outside of just bank CD's and high yield savings, can you help?

I am a college student out here in Boston and I am looking to invest my money somewhere. While I have placed my money into high yield savings accounts and profitable CD's it seems that for the time I must commit to these things the profit margin is just not good enough. I know stocks are generally a good way to invest but I have no experience in them, and certainly cannot afford to lose my money right now, being a college student and all. So the question I am asking to all of you nice people is, what sort of high yield, low risk invest opportunities are available out there? Or, who, or what kinds of people, could help me to invest my money (preferable on commision)?
  • 3 years ago

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Derrek M by Derrek M
Member since:
January 24, 2008
Total points:
519 (Level 2)

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I had the same problem as you have.
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  • 3 years ago
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Other Answers (6)

  • girlwhoknowsitstrue by girlwhok...
    Member since:
    August 13, 2006
    Total points:
    16024 (Level 6)
    If you cannot afford to lose, then stay out of the stock market. Although "over time" the stock market outperformed CD's, in the short run that isn't true.

    If you need the money in 5 years or less, stick with the "safe" investments - however, you might try GMAC Demand Notes, they pay 5% and you don't have to lock your money up like a CD.
    • 3 years ago
    0% 0 Votes
  • TOM by TOM
    Member since:
    April 21, 2006
    Total points:
    1057 (Level 3)
    For saving (emergency funds, saving for purchases, etc.) CDs are great. As investments, they are bad. CDs guarantee you a small return, which increases the longer you commit to leave it. There is usually a penalty for taking the money out earlier than agreed. CDs typically pay 1 or 2 percent per year. Inflation increases 3 to 4 percent per year. (The cost of bread goes up each year by 3 to 4 percent.) If you invest in a CD and receive 2 percent, you’ll pay taxes on this gain if not in a retirement account like an IRA. You’re looking at an after-tax return of 1.5 percent, when the cost of living increased more than twice this amount. The only guarantee you receive is that your money will lose value over time compared to the cost of bread, gas, electricity, etc. Long term, you need to earn a minimum 6 percent annual return to pay taxes and be left with enough to account for inflation so that your dollars do not lose value. In order to grow your investment, you must outpace inflation. Mutual funds are the vehicle recommended for long term investing, which means money that will be left alone for at least five years.

    Source(s):

    http://www.daveramsey.com/etc/cms/index.…
    • 3 years ago
    0% 0 Votes
  • Jasper by Jasper
    Member since:
    February 07, 2008
    Total points:
    1179 (Level 3)
    Your first option should be to fund fully a retirement account. If you do this, and you have extra cash, then one of the best things you can do is open a DRIP Plan.

    Go to : low-cost-stock-recommendations

    .com

    They have a DRIP Section and it is free.

    These powerful investment plans are seldom talked about because brokers make very little money when they suggest them. Yet, they have proven to be one of the best, if not the best, long-term strategy on Wall Street.

    They are perfect for small investors, as well as big investors. They are safe and allow you to not care about whether the market is going up or down. They are a must for any serious investor.

    I strongly recommend looking into it. They are great plans.
    • 3 years ago
    0% 0 Votes
  • HGNFX Asset Management by HGNFX Asset Management
    Member since:
    February 10, 2008
    Total points:
    156 (Level 1)
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    • 3 years ago
    0% 0 Votes
  • offsore b by offsore b
    Member since:
    October 14, 2007
    Total points:
    407 (Level 2)
    Forex trading profits!SPEND $10 FOR GETTING $15 AFTER 3 DAYS.Minimum $10 Maximum $5000

    http://2015894.e-gold.com
    • 3 years ago
    0% 0 Votes
  • Advisor21 by Advisor2...
    Member since:
    February 11, 2008
    Total points:
    189 (Level 1)
    Despite an earlier post, you do not want to fully fund a retirement plan with the money. You would be locking this money up until you turn 59.5 years old. It is good to fund a retirement plan early but you mentioned that you are a college student and you need this money to be relatively liquid. Unfortunately, CD's or a money market account are your best bet. There is nothing really attractive about the rate you will be earning, but that is the price you pay for knowing that your money will be safe and available. You will probably not outpace inflation and taxes, but your money will be available. As Golda said, if you are looking to leave the money invested for 5-10 years or more, then a mix of stocks and bonds (probably in Mutual Funds) is going to be your best bet. The value will move up and down, but over the long term, it should give you a return that is far superior to that of CD's and bank deposits. In your situation, you probably need to stick to CD's or a Money Market. ING usually has a very attractive money market online. I am a financial advisor (broker) at a bank and this is what I do every day. Good Luck!
    • 3 years ago
    0% 0 Votes

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