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.
Comments (3)
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.
This IS me doing research. I don't plan on taking anything said here as gospel, or suing if I go the poor house. \r
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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.\r
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helpful statements would be things like...\r
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Returns between X and Y are good for a sep\r
Look into setting up an X account, they are good for beginners.\r
I have my stuff with investment company Y, they are nice and I trust them.\r
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Not...\r
Put all your money in the auto industry.\r
buy real estate\r
my plan will make you a millionaire overnight\r
It's your money, you decide.\r
send it to me\r
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*sigh* little cranky this morning, sorry.\r
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I got a +3 for the blog, thanks for thumbing me up .