Parts Catalog Accessories Catalog How To Articles Tech Forums
Call Pelican Parts at 888-280-7799
Shopping Cart Cart | Project List | Order Status | Help



Go Back   PeachParts Mercedes-Benz Forum > General Discussions > Off-Topic Discussion

Reply
 
LinkBack Thread Tools Display Modes
  #1  
Old 02-20-2007, 05:23 PM
cscmc1's Avatar
Registered User
 
Join Date: Dec 2001
Location: Central IL
Posts: 2,782
Investing $2-4k: what would YOU do?

If you had $2-4K to put aside, what would you do? Let me set the stage, if you'll indulge me.

I am recently married, and I don't want to put (much of) this money so far "aside" that I can't get to it in case of emergency, but I would like to see it do more than the petty interest it'll get in a savings account. I already invest in a Roth IRA each month, and have a few bucks set aside for small emergencies, but I'd like to know that some will be available, too, if I need it. Are CDs worthwhile? Anything else that'll perform better than a savings account? What's the general consensus on Gov't bonds? If I could keep half of this money within emergency's reach I'd be happy... the rest I could do without for a while I suppose. Throw the extra at my Roth IRA?

Thanks in advance for any advice. I am aware that this is an odd request with potential risks, but I generally trust the judgement of many of the folks here. Of course, I will very thoroughly weigh the pros and cons of any suggestions before acting.

__________________
1992 300D 2.5T
1980 Euro 300D (sadly, sold)
1998 Jetta TDI, 132K "Rudy"
1974 Triumph TR6
1999 Saab 9-5 wagon (wife's)
Reply With Quote
  #2  
Old 02-20-2007, 05:25 PM
Botnst's Avatar
What knockers!
 
Join Date: Jun 2003
Location: There castle.
Posts: 41,503
Pay down debt.

B
__________________
'Government is like a baby:
An alimentary canal with a big appetite at one end and
no sense of responsibility at the other'
- Ronald Reagan
Reply With Quote
  #3  
Old 02-20-2007, 05:29 PM
cscmc1's Avatar
Registered User
 
Join Date: Dec 2001
Location: Central IL
Posts: 2,782
Quote:
Originally Posted by Botnst View Post
Pay down debt.

B
Good point... I forgot to mention, everything's paid for (but we rent). That's another reason to have the $$$ available in the near future, as we may be looking to buy a home.
__________________
1992 300D 2.5T
1980 Euro 300D (sadly, sold)
1998 Jetta TDI, 132K "Rudy"
1974 Triumph TR6
1999 Saab 9-5 wagon (wife's)
Reply With Quote
  #4  
Old 02-20-2007, 05:44 PM
Botnst's Avatar
What knockers!
 
Join Date: Jun 2003
Location: There castle.
Posts: 41,503
Quote:
Originally Posted by cscmc1 View Post
Good point... I forgot to mention, everything's paid for (but we rent). That's another reason to have the $$$ available in the near future, as we may be looking to buy a home.
You're golden. Anything you invest in will be to the good. I am similarly situated (my only debt is my mortgage and the rate is so low and will be paid-off in 5 yrs, so it ain't worth paying down). I chose a money market account with Edward Jones. Yield has been better than inflation + taxes and it's easy to draw from, though not as easy as a passbook (I haven't drawn on the account so I cannot say for sure). Works for me.

B
__________________
'Government is like a baby:
An alimentary canal with a big appetite at one end and
no sense of responsibility at the other'
- Ronald Reagan
Reply With Quote
  #5  
Old 02-20-2007, 05:45 PM
Registered User
 
Join Date: Apr 2005
Location: Rockville MD
Posts: 833
Check into Vanguard mutual funds. They are kind of the McDonalds of the investing world with many fund choices.
__________________
1985 380SE Blue/Blue - 230,000 miles
2012 Subaru Forester 5-speed
2005 Toyota Sienna
2004 Chrysler Sebring convertible
1999 Toyota Tacoma
Reply With Quote
  #6  
Old 02-20-2007, 06:40 PM
dynalow's Avatar
Registered User
 
Join Date: Feb 2002
Posts: 1,599
Consider the Roth. Roth withdrawals are investment principal first. Meaning, if you withdraw up to your original investment, there is no tax due. This would fit your desire to have them "nearby" just in case. And of course, there's the tax free buildup.
Where to invest is another matter. Vanguard TR Price, MSF, etc. Your choice. (not your local S&L though, please. )
Reply With Quote
  #7  
Old 02-20-2007, 06:45 PM
POS's Avatar
POS POS is offline
Registered User
 
Join Date: May 2004
Location: Houston, Texas
Posts: 2,506
Either pay down debt (the bad, high interest kind) or max out your IRA - always max out your IRA.
__________________
- Brian


1989 500SEL Euro
1966 250SE Cabriolet
1958 BMW Isetta 600
Reply With Quote
  #8  
Old 02-20-2007, 06:46 PM
Wodnek's Avatar
Vintage Mercedes Junkie
 
Join Date: Jun 2004
Location: Southeast Wisconsin
Posts: 1,661
I would go in an index mutual fund. These mimic indexes such as S&P 500, or Dow Jones, etc. No active choices are made by the administrators. They only buy and sell to keep the percentages right. Choose an index you believe in. All the big fund families have these. Choose one that offers no load.
__________________
1959 Gravely LI, 1963 Gravely L8, 1973 Gravely C12
1982 380SL
1978 450 SEL 6.9 euro restoration at 63% and climbing
1987 300 D
2005 CDI European Delivery
2006 CDI Handed down to daughter
2007 GL CDI. Wifes

Reply With Quote
  #9  
Old 02-20-2007, 07:01 PM
Mistress's Avatar
No crying in baseball
 
Join Date: Apr 2006
Location: Inside a vortex
Posts: 624
I'd invest in silicone...
__________________
"It's normal for these things to empty your wallet and break your heart in the process."
2003 S430- "Yolanda"
Reply With Quote
  #10  
Old 02-20-2007, 07:08 PM
Wodnek's Avatar
Vintage Mercedes Junkie
 
Join Date: Jun 2004
Location: Southeast Wisconsin
Posts: 1,661
Quote:
Originally Posted by Mistress View Post
I'd invest in silicone...
Do we get to review the before and after pics?
__________________
1959 Gravely LI, 1963 Gravely L8, 1973 Gravely C12
1982 380SL
1978 450 SEL 6.9 euro restoration at 63% and climbing
1987 300 D
2005 CDI European Delivery
2006 CDI Handed down to daughter
2007 GL CDI. Wifes

Reply With Quote
  #11  
Old 02-20-2007, 07:08 PM
cscmc1's Avatar
Registered User
 
Join Date: Dec 2001
Location: Central IL
Posts: 2,782
Quote:
Originally Posted by Mistress View Post
I'd invest in silicone...
I'm confused -- care to illustrate? I'm more of a visual learner.
__________________
1992 300D 2.5T
1980 Euro 300D (sadly, sold)
1998 Jetta TDI, 132K "Rudy"
1974 Triumph TR6
1999 Saab 9-5 wagon (wife's)
Reply With Quote
  #12  
Old 02-20-2007, 07:09 PM
cscmc1's Avatar
Registered User
 
Join Date: Dec 2001
Location: Central IL
Posts: 2,782
Quote:
Originally Posted by Wodnek View Post
Do we get to review the before and after pics?
... pervert

BTW, Wodnek, I still drool over the pics of your 300D you sent. Still deciding what to do with the Saab and/or Mustang!
__________________
1992 300D 2.5T
1980 Euro 300D (sadly, sold)
1998 Jetta TDI, 132K "Rudy"
1974 Triumph TR6
1999 Saab 9-5 wagon (wife's)
Reply With Quote
  #13  
Old 02-20-2007, 07:12 PM
Kuan's Avatar
unband
 
Join Date: Jan 2001
Location: At the Birkebeiner
Posts: 3,811
If you've exhausted all tax "deferred" opportunities, consider a whole life policy. The returns are usually piss poor, but they have their upsides.
__________________
You don't need a weatherman to know which way the wind blows - Robert A. Zimmerman
Reply With Quote
  #14  
Old 02-20-2007, 09:51 PM
TheDon's Avatar
Ghost of Diesels Past
 
Join Date: Oct 2005
Posts: 13,217
can I get my GTI?
Reply With Quote
  #15  
Old 02-20-2007, 10:01 PM
Hatterasguy's Avatar
Zero
 
Join Date: Nov 2002
Location: Milford, CT
Posts: 19,307
Buy gold and silver. You can just let it sit, and I have a feeling in the next 10 years its going to continue to rise against the dollar. I'm holding between 5%-10% of my assets in these two metals.

Or you could buy a 5 year CD. Another safe way to go is with an ING savings account, I think those pay about 5% these days.

Why not buy a house? Houses are about $100k-$150k in your neck of the woods right? $4k-$5k should be just enough to get yourself into one. 100% loan, seller pays closing costs, it can be done...I know people who do it all the time.

__________________
2020 GMC Sierra Denali
2007 Tiara 3200
Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On




All times are GMT -4. The time now is 03:25 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0
Copyright 2018 Pelican Parts, LLC - Posts may be archived for display on the Peach Parts or Pelican Parts Website -    DMCA Registered Agent Contact Page