What is "a lot" of money?

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Old Sep 28, 2006 | 12:07 AM
  #61  
PSS-Mag's Avatar
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From: Lost some where in the middle of the Ozark Mountains!
Originally Posted by Josiah
Where do I find an FA and has anyone had any luck with them?

Around here, most banks and credit unions have affiliate Financial Advisors in house. They may or may not be part of the banks institution, depending on the bank. There are independant advisors can be found in the yellow pages, but I wouldn't gamble on one of those with out a referal from someone.
Aside form group plans like 401K, I wouldn't invest in public trade any other way.
 
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Old Sep 28, 2006 | 09:57 AM
  #62  
Arctic Cat F7's Avatar
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From: The Deep Back Woods of The Great White North
If a had millions of dollars I would buy one of these and park it in front of a ton of Chevy lovers and driver over it with a monster truck.

 
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Old Sep 28, 2006 | 06:03 PM
  #63  
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From: Rain Pit, Oregon
Originally Posted by Josiah
Lets just say I have some money and I'd like to play it smart, what is a great way to gain from that. MSFRX total return A fund (citibank) has done great for me, little more than doubled what I had in it in less than 10 years (sounds good to me?). It's been ok lately but was better before. I'd like to move some of the money into a more aggressive mutual fund or something that will generate more interest. Maybe just a simple return that will net me a good APY %. What do you guys suggest?
Start reading about Stocks, Mutual Funds, Indexes, Treasury Notes, Bonds, Certificates of Deposits, 401K Plans etcetera. There is plenty of information online to get yourself acquainted with the basics of investing. And, of course, a ton of books to peruse.

I would familiarize myself with the basics before thinking of dealing with a financial planner. And I would be very skeptical about getting into any type of financial agreement with one. (If they were making big money with their investment acumen the last thing they would do is tell anyone else how to do it.) This does not mean you won't get sound advice, however, If it was me I’d probably want one who charged by the hour (so I know exactly what its costing) or else be damn sure I understood exactly what kind of scheme I was getting into and the true potential cost for their advice.

In the financial world there swim a great many Sharks whose only motivation is to feed their ravenous appetite on your money. They care only for their commissions and ability to bleed you anyway they can.
 
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