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Best way to invest $5000 or slightly more?

snipes99

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Oct 22, 2009
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Guys, dont really have a lot of savings at the moment but just wanted to get your opinion on investing $5000 to $8000. I know a savings account would just give back s**t..any other ideas? Just want to make sure my capital is 90% to 95% safe. Looking forward to your feedback..oh and I can lock these in for a almost a year.
 

Clear History

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Mar 15, 2004
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If you're time horizon is a year or less, get a GIC or a "high" interest savings account. Stay away from the stock market. Not a place for short-term money.
 
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snipes99

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Oct 22, 2009
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the highest return with these options ranges from 1% to 2%..im already getting 1% in the current savings a/c. Better start watching RIM now..gave me a decent return with the buy n hold technique.
 

The Saint

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Jun 17, 2010
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The Kid asked for advice..and you all sound like bank employee pussies except djk Leave 50% where it is and put the rest to work,do some home work read the business section listen to the news start a internet self controlled stock account,spin the wheel buy something,anything take a chance...make a little lose a little.Learn a lesson for the future who knows? maybe you'll get the hang of it and enjoy a life of investments oh !! PS do it in a tax free account Harper gave us!
 

danibbler

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Feb 2, 2002
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It seems that both you and djk are ignoring what the OP wants which is to make sure that their investment is 90-95% safe/guaranteed.

The Kid asked for advice..and you all sound like bank employee pussies except djk Leave 50% where it is and put the rest to work,do some home work read the business section listen to the news start a internet self controlled stock account,spin the wheel buy something,anything take a chance...make a little lose a little.Learn a lesson for the future who knows? maybe you'll get the hang of it and enjoy a life of investments oh !! PS do it in a tax free account Harper gave us!
 

snipes99

New member
Oct 22, 2009
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I believe what they are trying to get across is that..it wont harm to loose a little as long as I play with the 50% which might(probably will) get me more than the low interest rate saving accounts. Already working in the fin sector...although I am on the institutional side...I should start analyzing various index funds or blue chips.
 

danibbler

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Feb 2, 2002
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I believe what they are trying to get across is that..it wont harm to loose a little as long as I play with the 50% which might(probably will) get me more than the low interest rate saving accounts. Already working in the fin sector...although I am on the institutional side...I should start analyzing various index funds or blue chips.
Play with? You're willing to play with 50% of the stash? Okay, go right ahead...not to be sarcastic but when you talk about analyzing index funds or blue chips as if they're not almost opposite ends of the investment spectrum then you're in for a world of hurt.
 

smithers

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Mar 5, 2007
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Play with? You're willing to play with 50% of the stash? Okay, go right ahead...not to be sarcastic but when you talk about analyzing index funds or blue chips as if they're not almost opposite ends of the investment spectrum then you're in for a world of hurt.
I'm in a similar boat and am planning on finding an ETF or i-share that targets dividend bearing stocks for my TFSA and another one for the U.S. currency I'm stuck with in the medium to long term because of the lousy exchange rate. Seems like the best option currently as most of these ETF's seem to be heavy on fairly conservative investments like banks and insurance companies which in the long term should be fairly secure (what happened in 2008 is a pretty clear indication that those fuckers won't be allowed to fail even when they really, really deserve it).
 

NYguardianangel

Problemchild
Jul 11, 2002
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was Big Apple, now T.O
What kind of ROI are you looking for?
and over how long?
there are some places to invest; it all depends on your requirements.
I put (a large sum) into and investment about a year ago, I'm looking at 20% ROI this July; uneffected by the down-turn.
 

snipes99

New member
Oct 22, 2009
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@nyguardianangel
20% seems decent enough..I can lock them in for a year or so..how safe is the capital?
 

fmahovalich

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Aug 21, 2009
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Put it into a $100,000 condo in Florida!!

then rent the place regulalry...

At worst..your paying off your mortgage...

At best the market start to climb back

You sell the place...even in 5 years....for say $120,000

you have tripled your money!!!!
 

smithers

Member
Mar 5, 2007
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Toronto
Put it into a $100,000 condo in Florida!!

then rent the place regulalry...

At worst..your paying off your mortgage...

You sell the place...even in 5 years....for say $120,000

you have tripled your money!!!!
You should research the tax implications of that. I'm pretty sure there are high taxes on property sales by non-US citizens on real estate to discourage speculation. Also the income from rentals would need to be reported and taxed across jurisdictions which could be a pain.
 

richardstroker

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Feb 2, 2010
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Just to let you know, you would never get a mortgage on a house in Florida. Not with 5 g's down, those days are long over. you have to get the mortgage in the US and they wont lend to non citizens for so little down.
just my 2cents
 
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