Armorsmith76

Name: Armorsmith76
Joined On: Jul 23, 2006
Maintag: Armorsmith76
Age: 31
Occupation: assistant monkey trainer
Location: Chicago, Il
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Last seen: 1/5/09

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11/21/08 Return to main blog

Hey finance people! Question?

I have a SEP with a little over 5,000 in it. It's time to renew it, or move it. The current rate is 1.99%. I know precious little about investing, but I think 1.99% sucks... I need some direction on what to do with the money.I don't even know the questions to ask. I want reasonably low risk and a rate of return better than what I have now. I just don't trust the bank to have my best interests at heart.

Thanks.

Posted by Armorsmith76 on Fri Nov 21, 2008 @ 2:15 pm EDT | 3 Comments

shred1 says:

buy 5k worth of real estate.Seriously nobody knows right now,nothing will keep up with inflation.

Posted by shred1 on Fri Nov 21, 2008 @ 7:56 pm EDT

aspenextreme says:

Personally, investing is a personal decision and you should not listen to what other people tell you because when you do your own research. Sorry I cannot help more.

Posted by aspenextreme on Fri Nov 21, 2008 @ 10:36 pm EDT

Armorsmith76 says:

This IS me doing research. I don't plan on taking anything said here as gospel, or suing if I go the poor house.

The folks at the bank could lie to my face and I wouldn't know it. This shit is too complicated to "just learn on my own" I don't have a head for this kind of thing.

helpful statements would be things like...

Returns between X and Y are good for a sep
Look into setting up an X account, they are good for beginners.
I have my stuff with investment company Y, they are nice and I trust them.

Not...
Put all your money in the auto industry.
buy real estate
my plan will make you a millionaire overnight
It's your money, you decide.
send it to me

*sigh* little cranky this morning, sorry.

I got a +3 for the blog, thanks for thumbing me up .

Posted by Armorsmith76 on Sat Nov 22, 2008 @ 11:25 am EDT

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