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Where to put 30K for quick turn around?

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eswaff
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Where to put 30K for quick turn around?  Reply with quote  

Hypothetically speaking. IF someone were to have 30k to either invest or save, what would be the best way to go. Can this amount of cash be turned around, in say 6 months to 2 yrs with considerable gains? Also, is there investment opportunities with this amount which afford me to tap into this money if I should need it without penalty? Any input is greatly appreciated.
Post Fri Mar 03, 2006 7:28 pm
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JCook
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In my opinion trying to turn money around for considerable gain in 6 months is essentially gambling. Two years on the other hand is starting to reach the very lower limits of what stocks/mutual funds may be able to produce but this would be risky if you needed the money for something.

I generally consider money market funds for money that I want to earn but want access to and no-load low expense mutual funds for long term investment ( 5 or more years generally).

To try to get more income over a two year period you may try bond mutual funds. For example the Vanguard Total Bond Fund has had two negative return years in the last 15 years, but we all know there is no guarantee.

I'm sure if you dig around there are other mutual funds that have relatively few losing years, but do I need to say there is no guarantee.

You can always try band CD's but those pesky penalties would hurt if you needed the money.

Interesting question though, probably something we're all looking for.
Post Fri Mar 03, 2006 8:06 pm
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jmfoust
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Good question  Reply with quote  

There are so many ways to go, but short term gains are hard to find. I think 5 years is minimum usually.

I have some money in a RE backed investment. It is paying simple interest of 10% a year. I have to keep it there for 5 years, and get my 10% pay out quarterly. This is non qualified money, so I put the 10% income into a equity indexed life policy each quarter, which helps me pay for my premium and add to my cash value. After 5 years I can go again, or get my original investment back.

This board seems to hate annuities, but there is a new equity indexed product that Allianz just released that has a 5 year term. It is structured like a variable without the risk. We did a comparison between the NASDAQ and the Allianz product from 1999-2005, (the product is not in the NASDAQ, just mirrors it) and it gained about 24% a year, which beat the NASDAQ. The reason it beats it is because it locks in the gains monthly and has no downside risk. Its an interesting concept.

JMO
Jmfoust
Post Sun Mar 05, 2006 6:56 pm
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coaster
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Re: Good question  Reply with quote  

quote:
Originally posted by jmfoust
...(the product is not in the NASDAQ, just mirrors it) and it gained about 24% a year, which beat the NASDAQ.

Mirroring an index and then claiming to beat it is a contradiction.

Janet, I think that if you want to convince members that annuities are a good investment, a better way to approach it is to factually explain the products, how they work, an objective look at the pros and cons, and for what purposes they're appropriate. We're not totally against annuities here. But just making performance claims and speaking of "an interesting concept" are salesperson's methods. You'd do better by trying to educate us rather than trying to sell us. Smile

~Tim~
Post Sun Mar 05, 2006 7:47 pm
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jmfoust
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I work with annuities everyday and see pros and cons. They are not for everyone. They are not liquid, they carry surrender fees. I would not recommend an annuity to someone who might need the money. Its foolish to sell anybody something that doesnt suit them.

Im sorry that "interesting concept" to you is a salesman's term, to me it just meant it is new and interesting to me.
Post Sun Mar 05, 2006 8:20 pm
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avm703
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If you want to put $5k of that in a sports arbitrage pool, I can get you 15%/month guaranteed. You'll get a legal binding contract.
Post Tue Mar 07, 2006 3:04 pm
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JBendar
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High return on 30K  Reply with quote  

Eswaff:

You have many options. There are books (at your local library for free), web seminars, etc. You can contact one of the discount investment companies such as Fidelity, Schwab, and so on. There is a web site that has been suggested at another time. The address is www.ebooksclub.org. If you need additional information, you can contact me. I will not charge you anything, and would be happy to share my resources with you.

JBendar Smile
Post Fri Mar 10, 2006 1:34 pm
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lobsterlord
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will I am into sport arbitrate trading too. Actually u can do the trading urself as it will be quite easy. The best person to trust is urself Smile. [removed] With the amount of model u got I think u can earn about 15% to 20% permonth.
Post Mon Mar 20, 2006 12:51 pm
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Andrew
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lobsterlord,

Again, would appreciate it if you stop posting your email.
Post Mon Mar 20, 2006 2:32 pm
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Offshore-Wealth.com
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Re: Where to put 30K for quick turn around?  Reply with quote  

quote:
Originally posted by eswaff
Hypothetically speaking. IF someone were to have 30k to either invest or save, what would be the best way to go. Can this amount of cash be turned around, in say 6 months to 2 yrs with considerable gains? Also, is there investment opportunities with this amount which afford me to tap into this money if I should need it without penalty? Any input is greatly appreciated.


Interesting,

I would invest it into a hypothetical stock portfolio of energy, copper, gold, silver and uranium and new solar technologies like XSNX and IAUS to name a couple of my favorites. Then put $5K into Iraqi dinar and you will be set for life.

Good luck to all, Mike

FREE PAY IT FORWARD OPPORTUNITIES
http://FORCED-SUCCESS-SYSTEM.com
http://FREEDOM-FOREX.com
Post Fri Apr 07, 2006 11:20 pm
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dan1st
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Well give it to me!

Jokes aside, don't invest it in HYIPs or autosurfs.
Many are a big scams!
Post Mon Apr 10, 2006 5:26 am
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hoprofit
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Pyramid schemes come under different disguises and names. Their purpose is to make money by recruiting people, rather than by selling a legitimate product or providing a service. Most participants never make money. Most lose all the money they paid to participate. Some have lost their life savings. Marriages and friendships have been destroyed.

If the proposal offers you financial reward for recruiting people and
- offers goods and services of little or doubtful value, that only serve to promote the scheme.
- has no goods or services for sale.
- requires you to purchase large quantities of goods (more than you need for yourself).
then you are possibly dealing with an illegal pyramid scheme.

Promoters at the top of the pyramid profit from having people join their 'money-making' scheme. They pocket the fees and other payments made by those who join under them.

In a typical pyramid scheme, a member pays to join and the only way for the member to ever recover any money is to convince, or con, other people to join up and to part with their money as well.

In contrast, people in legitimate multi-level marketing make money by selling genuine products to consumers, not from the recruiting process. Be aware though, some pyramid scheme promoters disguise their true purpose by introducing worthless products, but making money out of recruitment is still their main aim.

People often hear about money-making schemes from friends, family or neighbours. Traditionally, pyramid schemes have used seminars, home meetings, the phone or even mail to enrol people. Now email, usually as spam, is increasingly used as well.

For everyone to profit there would have to be an endless supply of newcomers. In fact, the more people join up, the less they can recover their costs, let alone make money. When the pyramid collapses (and they all do) relationships, friendships and marriages can be destroyed over money lost in the scam.
Post Tue Apr 11, 2006 7:55 pm
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avm703
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quote:
Originally posted by dan1st
Well give it to me!

Jokes aside, don't invest it in HYIPs or autosurfs.
Many are a big scams!


Are you talking to me?
This is not hyip or scam.

I have a personal trader down in florida who takes care of everything for me.
He wrote me up a contract and even had it notarized.
I get a 15% check in the mail every month.
Post Fri Apr 14, 2006 4:38 pm
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Kiaser
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I agree with JCook, high yield investing in short term is a gamble. You pretty much need to define "considerable gains" and then place your money accordingly.

If considerable gains is more than 5% then you are probably going after a gamble (as you won't be able to make much more than that on CD's or fixed terms). Also, you would be locked into the terms and defeat your wanted options of being able to tap into the money penalty free. Also, add in the factor of taxes on the returns and your situation is even harder to appease without a gamble.

Honestly, you can do a lot with $30k. You could split some of it up to classify as your 6-month emergency living expenses and put it into a inflation/tax overheard beating money market fund (and completely check that off the list). Then you could take some of it and establish one or two retirement plans if that's not setup yet (both of which differ in tax advantages, have various withdraw options with possible little/no penalty, and have enough not only to contribute to the max for the next few years, but also contribute any "catch-up" you might be eligible for). Any left over can be used for debt payment (if you have any) or other investing (high yield short term, which is a gamble but you wouldn't be putting all the money at risk).

Also, don't underestimate the advantage of paying debt. Paying debts quicker, particularily consumer debts like credit card or car loans, ARE an investment. When you pay a debt quicker than normal you save on the extra interest you would have paid. Not only that but you don't pay taxes on the interest you would have paid (as opposed to earnings on an investment, which are generally taxed unless it's a retirement plan). That means you if you save $1000 in interest payments on debt paying you are making more money than if you gained $1000 in earnings on an investment (due to taxes). Paying debt is boring and like watching a turtle crawl. But, especially if it's a high interest debt, not only are you guaranteed a return but it could be a higher return that even some of the best mutual funds available. Paying off debt improves credit scores, relieves money for other debts or investments, raises your standards of living, etc. Also, as soon as the debt is gone, you'll have a wad of money coming in each month that has nowhere to go (as long as you are living within your means) and it's not such a big deal to put that money towards gamble investments (high yield/short term). You can't really beat that. In fact, after rethinking the question, if you have debt then this is actually where I would put the $30k towards first because it basically meets all your requirements, just in a different way than you were probably thinking.

Mortgage and student loan debt is a little different, however, because you can claim the interest on your taxes. But don't rule them out on that alone as you can still reap the above benefits by paying them down as well.
Post Fri Apr 14, 2006 5:37 pm
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dan1st
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quote:
Originally posted by avm703

Are you talking to me?
This is not hyip or scam.

I have a personal trader down in florida who takes care of everything for me.
He wrote me up a contract and even had it notarized.
I get a 15% check in the mail every month.


?? No I wasn't talking about you...
Post Tue Apr 18, 2006 2:14 pm
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