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-   -   what's a good financial institution? (https://gfy.com/showthread.php?t=254712)

RedShoe 03-18-2004 04:45 PM

what's a good financial institution?
 
I jumped on the etrade bandwagon. What a fucking joke.

Who do you go with and why? They were good. But lately they have been pulling some sneaky bullshit. I definitely want to keep investing and keep all our money in our IRA's and investment accounts. I just need a new place to keep all this shit.

SetTheWorldonFire 03-18-2004 04:56 PM

a safe and some envelopes :thumbsup

ibuydomains 03-18-2004 04:58 PM

I ditched ETrade also... I'm thinking Scottrade, but not sure yet

Illicit 03-18-2004 04:59 PM

Check out Scottrade :thumbsup

RedShoe 03-18-2004 05:01 PM

Quote:

Originally posted by SetTheWorldonFire
a safe and some envelopes :thumbsup
that's non-interest bearing. :(

Did you know that if YOU (STWOF) put 100.00 a month into a mutual fund (12% which is totally doable) that by the time you were 65 you'd have 1 MILLION dollars.

That's a very nice safety net just in case this porn stuff doesn't work out.

You have the advantage of time being on your side.

Check this out. If you wait just 10 years and start when you are 35, you'd only have 300,000 saved by 65. A loss of 700,000 just because you didn't realize that time was on your side.

Rich 03-18-2004 05:02 PM

ubs.com

SetTheWorldonFire 03-18-2004 05:10 PM

Quote:

Originally posted by RedShoe


that's non-interest bearing. :(

Did you know that if YOU (STWOF) put 100.00 a month into a mutual fund (12% which is totally doable) that by the time you were 65 you'd have 1 MILLION dollars.

That's a very nice safety net just in case this porn stuff doesn't work out.

You have the advantage of time being on your side.

Check this out. If you wait just 10 years and start when you are 35, you'd only have 300,000 saved by 65. A loss of 700,000 just because you didn't realize that time was on your side.

Good, I'll start today. Where do I put my money?

hyatla 03-18-2004 06:05 PM

Quote:

Originally posted by RedShoe


that's non-interest bearing. :(

Did you know that if YOU (STWOF) put 100.00 a month into a mutual fund (12% which is totally doable) that by the time you were 65 you'd have 1 MILLION dollars.

That's a very nice safety net just in case this porn stuff doesn't work out.

You have the advantage of time being on your side.

Check this out. If you wait just 10 years and start when you are 35, you'd only have 300,000 saved by 65. A loss of 700,000 just because you didn't realize that time was on your side.

Really?

I thought most Mutual funds perform worse than the stock market index.

Anyway, I put my money with ING. their interest is higher and no risk. My heart is too weak to invest in stocks now...

TweetyBird 03-18-2004 06:59 PM

Quote:

Originally posted by SetTheWorldonFire
a safe and some envelopes :thumbsup
hehe :winkwink:

digifan 03-18-2004 07:01 PM

Quote:

Originally posted by SetTheWorldonFire
a safe and some envelopes :thumbsup
Yep :thumbsup

Shoehorn! 03-18-2004 08:04 PM

A good financial institution is a bank.


But since I think you are referring to discount brokerages, go with Ameritrade. Or buyandhold.com if you're dooing DRIP investing.

RedShoe 03-18-2004 08:19 PM

Quote:

Originally posted by SetTheWorldonFire
Good, I'll start today. Where do I put my money?
http://screen.morningstar.com/etf/Li...llLgGrwth.html

Pick one or a few and do it.

"More is lost in indicision, than the wrong dicision"
The wrong dicision being not investing at all.

Shoehorn! 03-18-2004 08:22 PM

Quote:

Originally posted by RedShoe


http://screen.morningstar.com/etf/Li...llLgGrwth.html

Pick one or a few and do it.

"More is lost in indicision, than the wrong dicision"
The wrong dicision being not investing at all.

Personally I would advise a new investor to stay away from those types of stcks. 95% of the stocks in that list trade under 1,000,000 shares a day, and will be extremely volitile. :2 cents:

RedShoe 03-18-2004 08:40 PM

Quote:

Originally posted by TheSmutPeddlerDOTcom


Personally I would advise a new investor to stay away from those types of stcks. 95% of the stocks in that list trade under 1,000,000 shares a day, and will be extremely volitile. :2 cents:

Really? Yeah me to. Since they're not stocks.

raster 03-18-2004 08:56 PM

Mutual funds can have yields that are better or worse then stocks, it's just simply another vehicle of investment

Quote:

Originally posted by hyatla


Really?

I thought most Mutual funds perform worse than the stock market index.

Anyway, I put my money with ING. their interest is higher and no risk. My heart is too weak to invest in stocks now...


Shoehorn! 03-18-2004 09:01 PM

Quote:

Originally posted by RedShoe


Really? Yeah me to. Since they're not stocks.

Ah, I didn't read anything except the volume. That would explain a lot.

Paul Waters 03-18-2004 09:02 PM

I keep my savings in Canadian Tire money....

:rasta


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