VIDEO ON MSN MONEY
Let's see........... More poor people than ever. Shrinking middle class.
Rich consumers are spending more on nice fun stuff.
Everyone else is spending more because groceries and all necessities have gone up.
What great economic news...... THANKS MSN FOR THE SPIN.... eat shlt.
How about an article on how to invest the extra $5.00 I have after rent, car payments, insurance, food, utilities..just keepin it real MSN
[3.] NEVER finance a large debt for something that depreciates (loses) value over time. For most people, this means don't get a 40K new vehicle just because you're approved for financing 36K of that 40K cost. It's just irresponsible and you cannot afford. Get a pre-owned at a fraction of that cost, and saving up a larger down-payment beforehand, as well as seeking financing from a bank with a pre-approval before you step foot in a dealership is best.
My grandmother, a Great Depression survivor, had some simple advice:
"If you want to double your money, fold it in half and stick it back in your wallet".
Look up the Couch Potato investing portfolio. Low fee index funds. No fund manager in history has ever beaten it over the long term. Simply put, markets are more efficient than even the best stock pickers. If you call a financial advisor they will sell you an actively managed fund with sales charges, fund fees, and 12b-1 fees that will eat up your returns and make your advisor a healthy commission. Or worse, they'll convince you to buy into an annuity of some kind that makes them a huge commission and completely rips you off. Just trust the markets... your retired self will thank you.
The other posters are right of course. Get out of debt first. Put aside a few bucks in an emergency fund, something WILL go wrong, when it does you will be able to get through it. If you have a retirement fund at work, start putting in money......sign up today. Procrastination is your enemy, start today, right now. Stop reading this and start getting your life together. Empty that jar of pennies, get bills, go to the bank and pay off some of your credit card bill. Every step in the right direction helps.......and once you get started keep it going.....if you can see some progress it will make you feel like you're on the right track.....keep a chart and cross off your debts as you pay them off, and start a chart of how much you have in the bank or your investments.....it's amazing to see how starting with a couple of bucks can add up.....get going.....now!
Probably guns and ammo...
I'd recommend a Ruger SR-762, 10/22, and a Gunsite Scout. A couple of thousand rounds for each.
Buy Silver Eagles with the rest.
If you do have that much to invest, check with someone who is smart enough to help you. One thing do not put the money in a bank, banks do not pay any interest on money these days..Our government wants to know why people dont
If I had $5K to invest I'd probably faint.
That would mean I hit the end of the month before the end of my money.
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[BRIEFING.COM] The stock market maintained a narrow trading range on Thursday before ending the session essentially where it began. The S&P 500 added less than a point, while the small-cap Russell 2000 (-0.2%) underperformed.
Equity indices displayed early strength thanks in part to an overnight boost from better than expected economic data in China and Europe. Specifically, China's HSBC Manufacturing PMI surged to an 18-month high (52.0 from 50.7), while Eurozone Manufacturing PMI ... More
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