Vote for BP.Net for the 2013 Forum of the Year! Click here for more info.

» Site Navigation

» Home
 > FAQ

» Online Users: 845

3 members and 842 guests
Most users ever online was 47,180, 07-16-2025 at 05:30 PM.

» Today's Birthdays

None

» Stats

Members: 75,903
Threads: 249,097
Posts: 2,572,069
Top Poster: JLC (31,651)
Welcome to our newest member, wkeith67
Results 1 to 5 of 5
  1. #1
    Reptiles EVERYWHERE! Foschi Exotic Serpents's Avatar
    Join Date
    05-17-2009
    Location
    Joliet, IL.
    Posts
    5,170
    Thanks
    2,039
    Thanked 1,993 Times in 1,292 Posts
    Images: 64

    Post Investers (financial money market etc..)

    Definately off-topic.. But any info i can get will help me in the future when it comes to my herps.. Does anyone one here know which financial investments (risk free) are actually making money this year? Profit, high returns, or at least 5% interest? Over, say, a 2 to 5 year amount of time?

    Im talking about a fairly large amount of money invested as well. Anywhere between 5g and 25g.

  2. #2
    BPnet Veteran tonkatoyman's Avatar
    Join Date
    05-15-2009
    Location
    Mississippi
    Posts
    792
    Thanks
    157
    Thanked 318 Times in 240 Posts

    Re: Investers (financial money market etc..)

    Depends on your definition of safe. The best safe investment that will give returns are mutual funds that specialize in municipal bonds. They are right now paying between 3.5 and 4%. That doesn't sound like much but it is tax free. No federal taxes are charged. That means if you are in the 28% tax bracket it is the equivalent before tax earning of +- 5%. Vanguard has the best one with the lowest maintainance fees.

  3. The Following User Says Thank You to tonkatoyman For This Useful Post:

    Foschi Exotic Serpents (08-25-2009)

  4. #3
    Reptiles EVERYWHERE! Foschi Exotic Serpents's Avatar
    Join Date
    05-17-2009
    Location
    Joliet, IL.
    Posts
    5,170
    Thanks
    2,039
    Thanked 1,993 Times in 1,292 Posts
    Images: 64

    Re: Investers (financial money market etc..)

    Quote Originally Posted by tonkatoyman View Post
    Depends on your definition of safe. The best safe investment that will give returns are mutual funds that specialize in municipal bonds. They are right now paying between 3.5 and 4%. That doesn't sound like much but it is tax free. No federal taxes are charged. That means if you are in the 28% tax bracket it is the equivalent before tax earning of +- 5%. Vanguard has the best one with the lowest maintainance fees.
    Thanks! I'll definately look into that one. I need something "safe" to put some money into where i'll see a good return when i can take it out. By safe i mean its not going to lose any money and i'll at least come out on top in the end. The amount i put in depends on the term/s & minimums required. Fees as well. If i could get 30g to make at least 5% in a short amount of time id be good. Someone else also mentioned tradional IRA's? I know nothing about these things yet but i need to learn. By the way, you're on my myspace friends list

  5. #4
    BPnet Senior Member Inknsteel's Avatar
    Join Date
    10-09-2007
    Location
    Haddonfield, New Jersey, United States
    Posts
    1,387
    Thanks
    301
    Thanked 557 Times in 321 Posts

    Re: Investers (financial money market etc..)

    Quote Originally Posted by Draigess View Post
    Someone else also mentioned tradional IRA's?
    IRA = Individual Retirement Account... Meaning, if you intend to withdraw ANY of the money from the account before you are 59.5 years old, you'd have to pay a 10% early withdrawl penalty in addition to the tax...

  6. #5
    BPnet Veteran tonkatoyman's Avatar
    Join Date
    05-15-2009
    Location
    Mississippi
    Posts
    792
    Thanks
    157
    Thanked 318 Times in 240 Posts

    Re: Investers (financial money market etc..)

    Quote Originally Posted by Draigess View Post
    Thanks! I'll definately look into that one. I need something "safe" to put some money into where i'll see a good return when i can take it out. By safe i mean its not going to lose any money and i'll at least come out on top in the end. The amount i put in depends on the term/s & minimums required. Fees as well. If i could get 30g to make at least 5% in a short amount of time id be good. Someone else also mentioned tradional IRA's? I know nothing about these things yet but i need to learn. By the way, you're on my myspace friends list
    I have never joined any my space list. Never even been to the site. Must be someone else. By the way if you want the investment to grow have them reinvest the dividends each month. IRA's are for long term retirement plans not short term investments.. By the way the symbol for vanguards mutual fund is VWITX. It is called the "Interim term tax exempt fund"

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Powered by vBadvanced CMPS v4.2.1