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Hey finance people! Question?

Armorsmith76

Shared on Fri, 11/21/2008 - 13:15

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.

 

Comments

Anonymous's picture
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shred1's picture
Submitted by shred1 on Fri, 11/21/2008 - 18:56
buy 5k worth of real estate.Seriously nobody knows right now,nothing will keep up with inflation.
aspenextreme's picture
Submitted by aspenextreme on Fri, 11/21/2008 - 21:36
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.
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Submitted by Anonymous (not verified) on Wed, 03/02/2011 - 20:25
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Armorsmith76's picture
Submitted by Armorsmith76 on Sat, 11/22/2008 - 10:25
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 .

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