Best way to invest $7000 CASH to get the greatest returns? - Honda-Tech


Best way to invest $7000 CASH to get the greatest returns?

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Old 07-07-2003, 10:04 AM   #1
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Default Best way to invest $7000 CASH to get the greatest returns?

I have like $7000 cash in my savings account now and was wondering what is the best way to invest it? I'd like to save up for a downpayment on a house...but hopefully wont give into temtation and get an 03'-04' Evo 8 instead.
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Old 07-07-2003, 10:05 AM   #2
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Default Re: Best way to invest $7000 CASH to get the greatest returns? (Future Evo 8 Owner)

vegas
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Old 07-07-2003, 10:05 AM   #3
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Default Re: Best way to invest $7000 CASH to get the greatest returns? (Future Evo 8 Owner)

Invest it in my Honda-Challenge race car I am selling. It will put a smile on your face that is absolutely priceless.
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Old 07-07-2003, 10:07 AM   #4
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Default Re: Best way to invest $7000 CASH to get the greatest returns? (Evil Drew M)

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Invest it in my Honda-Challenge race car I am selling. It will put a smile on your face that is absolutely priceless.
ha ha

ohh well I'll just keep on saving.... man that Evo 8 looks more and more attractive each day
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Old 07-07-2003, 10:08 AM   #5
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Default Re: Best way to invest $7000 CASH to get the greatest returns? (Future Evo 8 Owner)

Mutual funds are a fairly safe bet. But with the market in it's current state of disarray, you might have to wait a while for returns.
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Old 07-07-2003, 10:12 AM   #6
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Default Re: Best way to invest $7000 CASH to get the greatest returns? (Crack Monkey)

when I decided to put a little money away, I went here. They have plenty of good reads about invensting.
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Old 07-07-2003, 10:14 AM   #7
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Default Re: Best way to invest $7000 CASH to get the greatest returns? (Future Evo 8 Owner)

When would you be buying a house? If less than a year, short term bonds/bond funds, money markets, or CDs are some of the options you'll want to look at.

ps. "mutual funds" come in many, many flavors. Some are very risky (eg. non-diversified funds that buy stocks), some not (eg. money markets, or short term bond funds that invest in investment grade bonds).

Some good, basic articles here as well: http://money.cnn.com/pf/101/
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Old 07-07-2003, 10:17 AM   #8
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Default Re: Best way to invest $7000 CASH to get the greatest returns? (Mr Ludecrs)

hmm, how soon do you want returns? long-term IRA's are always a good bet. Short-term, well, Mr Ludecrs covered that.
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Old 07-07-2003, 10:22 AM   #9
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Default Re: Best way to invest $7000 CASH to get the greatest returns? (Jonesy69)

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Originally Posted by Jonesy69
when I decided to put a little money away, I went here. They have plenty of good reads about invensting.
Thanks I'll sure read up on that and educate myself. but for now I have that cash in my Fleet One Gold Money Market Savings account. I'll ask around and see what investment options are out there

I'm looking to get a house next summer. I have a goal of saving like $25,000 for a downpayment by June-August 2004, and I already have a 746 credit rating.
My parents also offered to help my buy the house too so we'll see what the money situation is like a year from now. i'm willing to spend up to $100,000 for a house in FLA as long as I can find a decent paying job there in my field, and am willing to spend up to $150,000+ if my parents help me.


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Old 07-07-2003, 10:23 AM   #10
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Default Re: Best way to invest $7000 CASH to get the greatest returns? (jolt-tsp)

When I sold my Hype R, I put the proceeds in a seven-day, self-renewing CD. After the initial week, I could take money out of it whenever I wanted. Sure, it had a fairly low yield, but it was better than statement savings.


Pros: Money is doing something while remaining liquid
Cons: Low yield
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Old 07-07-2003, 10:26 AM   #11
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Default Re: Best way to invest $7000 CASH to get the greatest returns? (Future Evo 8 Owner)

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i'm willing to spend up to $100,000 for a house in FLA as long as I can find a decent paying job there in my field, and am willing to spend up to $150,000+ if my parents help me.
Damn, you can buy a house for $100,000 down there? In these parts, that wouldn't even get you into a one bedroom condo.
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Old 07-07-2003, 10:33 AM   #12
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how much does it cost to be a moderator? was it $1,000 or $10,000

something to think about...
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Old 07-07-2003, 10:35 AM   #13
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how much does it cost to be a moderator? was it $1,00 or $10,000

something to think about...
$1,000
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Old 07-07-2003, 10:36 AM   #14
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Default Re: Best way to invest $7000 CASH to get the greatest returns? (Crack Monkey)

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Damn, you can buy a house for $100,000 down there? In these parts, that wouldn't even get you into a one bedroom condo.
yeah there are some places in FLA where you can get a 3 bed/2 bath/2 car garage house for around $100K but those prices are going up I think....

I also considered San Antonio Texas as well, they have plentyy of houses for like $100K there, but I'm afraid that it might be too hot/boring over there...I need to take a vacation there and see what its like
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Old 07-07-2003, 10:36 AM   #15
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$1,000
you guys take paypal?
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Old 07-07-2003, 11:07 AM   #16
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Import JDM parts. You can make 100%+ profit!
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Old 07-07-2003, 11:17 AM   #17
 
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Default Re: (89civic1.8T)

bet wisely on sports

most online casino's will give you upwards of 20% or sometimes greater bonuses when you open up an account...put in $5k and youll instantly have $6k to bet with. i have a friend who runs a site selling picks tickets and they currently have a 80% win rate
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Old 07-07-2003, 11:56 AM   #18
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Start dealin'!
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Old 07-07-2003, 12:14 PM   #19
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Put everything on one hand of blackjack in vegas.
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Old 07-07-2003, 12:18 PM   #20
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Originally Posted by Frozen Si
Put everything on one hand of blackjack in vegas.
Naaa, roulette!
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Old 07-07-2003, 12:19 PM   #21
 
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Originally Posted by Frozen Si
Put everything on one hand of blackjack in vegas.
ahahah, yeah.....
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Old 07-07-2003, 12:20 PM   #22
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How about a laundry mat in a low/middle class apartments
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Old 07-07-2003, 12:21 PM   #23
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Default Re: Best way to invest $7000 CASH to get the greatest returns? (Crack Monkey)

Give it to me. I'll double it in a few days.
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Old 07-07-2003, 12:37 PM   #24
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Default Re: Best way to invest $7000 CASH to get the greatest returns? (Jason W)

I'm not the kinda guy to take risky investments. I need to be sure that my principal is protected or at least guaranteed from loss of value if I do invest it.


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