Best place to put your $ these days?
FROM CNN's Jack Cafferty:
For those Americans who have a few extra dollars to put away, savings accounts and real estate seem to be the long-term investments of choice these days. A new Gallup poll shows 34 percent of those surveyed see savings accounts as the best option - 33 percent say real estate.
Far fewer people say stocks or mutual funds at 15 percent; while 12 percent choose bonds.
Since the height of the financial crisis last September, savings accounts - which usually offer little in the way of returns - have ranked first in this poll. Before then, savings accounts ranked no better than third among the four options.
More people see housing as a good investment now than they did last September. A separate poll question found 71 percent think now is a good time to buy a house; the highest since 2005.
The poll also shows wealthier people and men are more likely to see real estate as the best long-term investment; while poorer people and women choose savings accounts.
Meanwhile stocks may rate near the bottom of this poll, but the markets have been on a tear since early March, with the Dow and S&P 500 both up for eight of the last nine weeks. The Nasdaq has posted gains for all nine weeks.
As one financial adviser puts it: "The glass is being seen as partly full instead of empty, even when we have bad news. As the run continues, people become fearful of missing the train."
Here’s my question to you: Where is the best place to put your money these days?
Interested to know which ones made it on air?
Howard from Novato, California writes:
We are looking at the best opportunity of a lifetime to buy real estate at bargain basement prices. Does it involve risk? Of course it does! However, with the yields on savings close to nothing, making smart investments in properties can bring handsome rewards with time.
Jeff from Cleveland, Ohio writes:
Jack, I am putting as much of my paycheck in my 401(k) right now in order to ride the market up. I also put money left over in staggered certificates of deposit to get the most interest possible.
Bill writes:
My son, the investment analyst, claims that there are only two positions to be in at the moment: cash and fetal. The worst is not over and likely hasn't gotten here yet. The recent market optimism is what someone once called "the bears loading the elevator for the ride down."
Oz from Gig Harbor, Washington writes:
I like the cookie jar! Before the economic crisis hit, I had $5,000 in my 401K, nearly $200,000 in my house and $500 in the cookie jar. Since the crisis I have less than $3,000 in my 401K and my house is only worth $189,000 and I still owe some. My cookie jar still has $500 in it that has the pleasant odor of chocolate chips!
Linda from Arizona writes:
I keep all my money in a teacup. There's still room for tea.
Lou writes:
If I had a lot of extra cash sitting around, I would be buying up some of these foreclosed properties near the ocean in Florida and California. When times turn good again, and they will, I'd be making a tidy profit on resale. Even if values didn't rise, I couldn't complain. Living out my retirement listening to the ocean would be money well spent.
Bob from Louisville, Kentucky writes:
On "Rachel Alexandra" in the Preakness.
@jackcafferty on Twitter
I invest a little bit of it in lottery tickets these days......I figure I have a better chance for a pay out from the lottery than I would from any of the banks or investment companies.
Moer than likely your mattress – aside from that a CD is the next best wish.
Joan B
WI
Jack,
I find my mattress works well for me. My money is safe and I get just about the same interest.
Real estate would be a good place if you want to deal with Renters. But lately that has been the issue, finding a good tenant. Money in the bank isn't worth the effort, can barely find a CD for 2%. My money will go to pay off my existing mortgage, since I am paying more in interest than I am earning.
Where is the best place to put your money these days?
The stock market. My 401K is on the rise again.
Jenna
Roseville CA
Obama to win. Nader to place, and only Snowe Republicans to show.
Is there a "Make Dick Cheney Go Away" fund? If so, I'd donate my entire next paycheck.
Land Jack as much as you can buy in the long run it will go up for sure. At some point if you do not need it someone will.
What money? Whatever extra we have goes straight into savings for next years annual check to the IRS!
Our money is going into investments like food, fuel, the mortgage, and healthcare. There is nothing left over for savings or investments. All our spare change goes into a jar for a rainy day, but lately every day has been a rainy day here in the great neglected middle class.
From what I can tell the two best places Americans can invest their money would be in either drugs or munitions as these seem to be the two products most popular and don't show any signs of slowing down in the near future.
probably need to be cautious about stocks right now esp the financials and (being in Las Vegas and following the industry) casino companies because of the fabulous run they have had since early March. many are up 300 to 500 percent since their lows and really "due" for a "correction".
that being said, I think the worst is over for the markets and people should be buyers on any "correction". history shows that owning assets, be they stocks, commodities or real estate, is STILL much better in the long run that just having money in a bank account esp when it's paying maybe 2 percent.
If you have a bare minimum savings, the smart thing to do is put it in a savings account. You hardly have anything, and can't afford to lose it. Once you pass the bare minimum savings, you can start to invest in stocks and bonds. In a healthy economy, real estate is a bad investment for return, because the value of your home should only rise as fast as inflation.
What money would that be Jack?
The best place to put my money is in my pocket and I am open also to the idea of others putting their money in my pocket. Why not think that way. Banks do it all the time and now even the government is putting your money in the banks pockets.
No to Stocks. I trust my Savings Account or CD'S. Some bonds are safe too. I think the Stock Market controls too much. They suck in the less rich and then let the Market fall.
Insured savings is my opinion. Most other investments are risky if you only have a few dollars to save.
Jack: Best place to place for my your money at no risk is Credit Union CD's, Treasury Bonds, and Insurance Finanical Instruments. There use to be some mutual funds I liked, but the stock market is going to have to climb above 10,000 points an stay there for at least a year.
The average persons needs some savings as contingency fund. after that the Stock Market looks like a good bet. For those not following closely, the Index Funds are easy. If you want to gamble: GM, Citi Group, Bank of America, Wells Fargo, Chrysler..
china
"Forever stamps"; they are a hedge on inflation, unlike other commodities like oil which go up and down.
The old fashioned Savings & Loan companies are getting my savings deposits. They were smart enough NOT to get involved with sub-prime mortgages and toxic assets unlike the big greedy "Potter" banks. They're federally insured and they make loans to small local businesses. That's stimulus I can believe in. I trust the George Bailey's of the real world with my money.
I like the Cookie Jar! Before the economic crisis hit I had $5000 in my 401K, nearly $200,000 in my house and $500 in the Cookie Jar. Since the crisis I have less than $3000 in my 401K and my house is only worth $189,000 and I still owe some. My Cookie Jar still has $500 in it that has the pleasant odor of Choclate Chips!
just put in CDs......and forget....not on wallstreet tycoons with greed...
Jack
In the bird feeder in the back yard just as Tony Soprano did, his mistake was Carmela found it.
My mattress...care to contribute?
In a mason jar.
Well I guess we will just continue to put it into the redneck IRA – The Lotto.
Jack,
Buy gold or diamonds and bury them in your yard for 10 to 20 years.
Everytime I go to the broker office and drop off a large check. I get a call about investing.
I am investing. NOT IN THE MARKET.
When the ENRON guys pretty much screwed the entire company and got so little time for the amount of money they stole. I knew there was not really an even playing field. So out of the market and into the land.
I buy property off of the local county tax sales.
In the trade it is called flip and go. Some I flip and some I keep.
Sure has made me alot of money.
On "Rachel Alexandra" in the Preakness.
Bob
Louisville, KY
Jack if I had any money the best place I could have put it these days was on a horse that won the Kentucky Derby.
Invest in yourself. In jobs training. In a new skill and trade. Look for a service you can provide in your community. Take personal stock and add to it. You are your own best investment for the future.
I keep all my money in a teacup. There's still room for tea.
I have two areas of investment, Jack - my home, and gems. Precious metals and gemstones hardly ever lose value significantly. Besides, they're pretty....!
It depends on where else you have $$ invested, what your time frame is for the use of the $$, and how much $$ you are talking about. There is no generic answer to the question that makes any sense at all. Sorry, Jack.
Buy a downtown Aspen condo while the prices are relatively low. Sterling Greenwood/Aspen Free Press
Anything that people MUST have. That is where we are putting our money and have made good profits in this down economy.
If they are over 45, or in a position to let their money stay invested in an IRA until age 59 1/2, they should investigate EQUITY LINKED INDEXED ANNUITIES. In the past 10 years, the S&P 500 has been negative 5 of the 10 years. ELIAs have been positive each year. If you would have invested $100,000 10 years ago, today your investment in the stock market would be worth $41,000; your investment in an ELIA would be worth $218,000. Of course you wouldn't have been able to support all the greedy little "investment counselors" on Wall Street with their million dollar bonuses and thievery of your money.
Your money Jack would be in safe hands if you put it in my checking account. No sense in putting it in my savings because the interest that it earns is better used to buy food and pay bills. I'll call you during the Situation Room to give you the account number, now what's that phone number again, I forgot it? Have a good day, we'll call you when we get back from our vacation to Vegas at your expense.
Jack: The best place to put your money these days is in Treasury bill-–and if you have any remainder---in a coffee can under the mattress--you want get rich--but at least you want loose.
If you're young, under fifty. Municipal bonds.
In my sock. It's safe there from muggers or pickpocketers.
Like our grandparents did – put our money in mattresses, chairs,
wherever at home – away from the unpredictable markets and banks.
Any of my accounts at Bank of America, Wells Fargo, or The Principal. I will provide account numbers later Jack.
We've missed the stocks train already and there's probably going to be another dip this year as the government puts in the much-needed regulation of the financial sector. Meanwhile, housing is still near the bottom and the housing market is stabilizing so it's not going to go down much longer so...."buy low, sell high", right? Mind you, only so many people can afford a mortgage and I'm not one of those (right now) so I'm just going to stick it into a savings account for the time being
Unemployed for 10mos so $$$$$$ is going right in my pocket to be spent only for necessities Jack. Maybe the people to ask are the millionaires like Dick Cheney & Rush Limbaugh because they don’t seem to be concerned about this Recession and whats it doing to the average American.
Real Estate, and with the prices of homes now it is better than ever
I was thinking on taking all my money out of the insolvent bank and putting it under my mattress, but since the US is insolvent, that money won't be worth much in the near future, so I'm thinking on buying dehydrated food, seeds, tools, water containers, guns, ammo and silver dollars. I just wish I had the money to leave the country.
I am putiing my money in a safe deposit box. It might not be making interest but it also isn't being spent. We do not know what the furure will bring and until we do those that hold onto their money are the only ones guaranteed to have it next month or the month after.
Money? Is that something new they invented? Who has that stuff anymore! 20% of people unemployed, part time, underemployed, underpaid, and those who stopped looking. 90 million babyboomers without retirement, no jobs, low wages, no benefits, and the worst yet to come. Invest in yourself!
In my sock tucked into my mattress.
The best thing to do with your money is hide it from the politicians. The tax man cometh!!
Jack,
Since everything made in America is made in China, I think the best place to put your money is China...
Central Islip, NY
i'll put my money in a savings account and let it eat up cheap interest because i don't trust wall street at all.or else i can put in my safety box or the bed.
Canned goods and forever stamps Jack.
I thought you haft to have money to be able to put it some place Jack?
Jack
I recommend the mattress account . I sleep better at night knowing the bankers can't steel my money. If I should be robbed ,well i'd rather see a criminal take my money because they put them in jail. Bankers steel your money and congress gives them a bonus.......
Jack, right now Government bonds/bond funds are the best place. I moved out of stock/stock funds in Jan, 2008, and thank my lucky stars every day that I got out in time. I don't plan to move back into stocks/stock funds until the market gets way more steady than it has been recently. I'm thinking maybe Sept/Oct this year or early next year.
Lance, Ridgecrest, Ca
As far away from a baby boomer as possible. Those people are thieves.
In our pockets, Jack. In our pockets.
For now, I'm in a 100% cash position that's backed by the FDIC. Real estate will probably be the best investment at some point, I don't think now is the time...at least not for me. Money in a saving account may help keep up with inflation for now but that's about all, no real growth there.
Under my mattress. Add in the change I find in the couch cushions, that is almost as good as the 0.5% interest the bank would give me.
We are keeping our money in checking/savings and paying an extra amount on "principle only" on our home mortgage. It is the best choice at this time in my opinion.
Oregon
Tin cans, mattresses, and piggy banks don't make much interest; but it sure beats the fall that the stocks took. Seriously, until you feel better about the market a CD provides little growth, but you won't lose your shirt if the market plunges again after the boost from the stimulus package wears off. Investors will need some time to have confidence in market after falling off the cliff.
Since I don't have any, I'd have to say charities. That's where I used to put it.
In the market or Real Estate!
Jeff Crocket in New Britain, CT
Lets see not Stocks, as the wall street bunch are crooks. Mabye Banks? No, with their predatory loans, fees, and low customer interest rates they're thieves too. Real Estate? No I wont support an industry out to screw hard working families. I do not think there is anyone to trust my future with but myself.
Jack–
I put my cash into remodeling and updating my home, making it larger instead of buying a bigger house. My other money is in savings, money market funds, and an annuity. I feel pretty secure, and pretty lucky, by the way.
I think the best place is under the mattress. With government taking over the banks we will eventually lose all control over our money. Do you really want politicians deciding who deserves your hard earned money and using their ownership of banks to take it legally.
We are looking at the best opportunity of a lifetime to buy real estate at bargain basement prices. Does it involve risk? Of course it does! However, with the yields on savings close to nothing, making smart investments in properties can bring handsome rewards with time. As always, buyer beware, be cautious and above all, do it smart.
If you have money that you do not mind losing should the economy tank then by all means go with the stock market. Savings acccounts do not pay much so no one is going to make a killing on them in either the short term or the long term. CD's or Bonds are good options and pay better then savings accounts and that is where i put my extra money. Buying realestate means your going to have to pay taxes on it so unless you have a few thousand more each year to pay your local city and state I would stay away from them. The economy has gone into a recession but taxes are still going up and always will as long as you own property.
My son the investment analyst claims that there are only two positions to be in at the moment; cash and fetal. The worst is not only not over but likely hasn't gotten here yet. The recent market optimism is what Warren Buffet once called "the bears loading the elevator for the ride down"
1. Pay off your credit cards. 2.Savings 30% 3.Stocks 40% 4. Bonds the rest.
Jack,
poorer people and women choose savings accounts...
which is why government has to invest in education, reduce heathcare costs as soon as possible and get people working in other fields than wall street because these people the poorer and women are the ones missing the train and there is a limit for the country to keep on taking this traditoinal trajectory to resolve our economic downturn....and it always creates more wealth for the few and less wealth for more of the people! And in the end it is the whole country that is poorer because we the few not only have wealth under our name and reputation we also have all the poverty!
the only place that 90 % of the American people can put their money these days is paying down their credit cards, paying inflated prices from everything from food, housing, clothing, gasoline (prices going up again just in time to hit the people who take their vacations during the summer months, mostly the hard working, blue collar, middle of the road American citizen), and just buy the few things that are necessities in life. Very little is going into banks these days, and even less into savings.
Stock Market. Be greedy when others are fearful. Buffet is a wise man.
Jack,
poorer people and women choose savings accounts…
which is why government has to invest in education, reduce heathcare costs as soon as possible and get people working in other fields than wall street because these people the poorer and women are the ones missing the train and there is a limit for the country to keep on taking this traditoinal trajectory to resolve our economic downturn….and it always creates more wealth for the few and less wealth for more of the people! And in the end it is the whole country that is poorer because we the few not only have wealth under our name and reputation we also have all the poverty!
So, in Saudi Arabia a woman can be slap if the husband figures that the woman spent too much...now that is poor!
I would say that if you know you're not going to need the money put a good portion of it in a CD (provided the bank you're getting it at is FDIC insured of course) because as we've seen a lot of the other markets are extremely volatile right now. I'm honestly skeptic about that idea that gold will get up well past the $1,000 mark but gold might not be a bad idea investment-wise and besides, financial diversity is a good thing because if one basket breaks at least you've got other eggs in other baskets.
what money?????
I'm keeping my paltry funds in very secure investments despite the fact they are about as good as burying the money in a jar in the back yard. I did my investing in property years ago and am holding on despite lower current values. What little I can spare, I'm cautiously venturing into some American stocks like Ford, Caterpillar, E-Bay. Yes, Ford. I just sense that at some point Americans will actually find value in buying American cars again ( the quality is already there) and Ford will benefit from not having been bailed out. So, everybody reading this – go out and buy Ford.
Chatham, VA
In your POCKET!!
Jack, in my garden–no kidding–the best place to put your money is in the ability to grow and store your own food. Soon there'll be a time when money won't mean anything, and you can't eat gold but food (and maybe liquor) will always be needed.
It's a no-brainer, Jack. With blue chip shares selling like penny stocks, who can resist. I'm of the old school that preaches buy low and sell high. And who doesn't love watching your stock slowly recovering every day because there is no way but up. I've avoided the market because prices were obviously inflated. Now it's a bargain basement sale.
If I had a lot of extra cash sitting around, I would be buying up some of these forclosed properties near the ocean in Florida and California. When times turn good again....and they will....I'd be making a tidy profit on resale. Even if values didn't rise I couldn't complain. Living out my retirement listening to the ocean would be money well spent.
Put the biggest part of my savings in a fixed rate of return when I retired about four years ago. How glad I am. I'll just sit back now and draw my 4.4% interest, I won't get rich but on the bright side I didn't lose a nickel when stocks and mutual funds took a vacation south.
Investing today is VERY scarry. There are so many thives. You don't know the honest people any more. Like you said! it's a ugly world out there.
The place to put one's money today has got to be college textbook publishers. Having to pay out over $600.00 for textbooks and at term end buy back time at the bookstore, have a whopping $26.00 paid to you for selling back those very same books is a clear indicator to me that this publishing racket is where I need to invest my funds.
In the safe.
In a coffee can and bury it in your back yard.
Where else? Under my mattress. If I need money, I know it's there, safe, not in the hands of a volatile market, or some corrupt bank.
The only thing that looks like it will grow over the next 5 years is the federal government, and you don't really "invest" in that!
What money? Joan NC
Hi Jack,
Action speaks louder than words...the pres. obama will succeed.
That all depends on how old you are Jack. We all know things will get better and be fine for a while and then it will all fall apart again. Besides Kramer says there is no such thing as a good tip. Your guess is as good as anyone else. Most of the time it's like Nuns on crack to me, it just doesn't make any sense.
If Israel does not agree establishing a Palestinian state in the West bank, as the US and Europe, and definitely as President Obama has indicated, then Israel is NOT a faithful alley of the Unites States, therefore, the USA must stop any military and financial assistance to Israel......Natanyahu MUST agree with the rest of the world....
Before anyone, including President Obama, can be successful, the ground rules of communication and conversation have to be detailed. You can not converse amicably with anyone who seeks your destruction. Therefore, the members of the communicating nations need to agree that both the present "Palestinian" people and the present "Israeli" people have rights to exist as national entities. Until, and unless, that is accomplished Mr. Obama will not succeed. That is where he can make the difference; by politically and economically motivating the Arab world that it is in their best interest.
In your pocket! Where else? Do some research, then invest in a small business, who is going somwhere. Not!!!! Repeat not. Big- Buisiness as you know it today..
I would say that with the increasing government intrusion into business, the huge bailout debt that will come due, and the tax penalties that will be imposed on the wealthy and successful in America, go for the foreign investments. Countries outside of the U.S. will have a better chance of a real, sustained recovery.
The first thing Obama needs to do is educate the American people. In reading some of the other comments here, the problem is evident. Many Americans think they know what is going on – but they are totally misinformed. Israel has killed about 100 Palesitinians for every Israeli killed by rockets. Hamas was democratically elected, and offered truces and refrained from attacks for years while Israel assasinated their leaders and innocent civilians without stop. There were over 500 now destroyed Arab villages inside of what is now called Israel. The world is a diverse place, but when 100 countries in the UN agree on something, and only the US and Israel stand against, that should make you wonder – and it has happened about 100 times. Israel was formed by terrorists (Irgun, Stern gang etc) and terrorists and war criminals like Shamir, Begin, and Sharon were warmly greeted. I know these are hard facts to swallow – but until the US can see the actual situation how can we make any kind of decision or have a decent opinion to solve an unsolvable problem?
Jack, I have put my money into my seven-month old twins. So far, I have seen my investment double in size. I have also stablized the formula industry, bought a virtual warehouse in diapers, and forked out enough money to doctors to keep them afloat. Having twins is a guaranteed stimulus package.
If the majority of people rank stocks at or near the bottom as an investment choice, then, considering most people are stupid sheep, I would invest against the grain and buy stocks.
electric cars!!!!!!!!!!
I have absolutely nothing to save. But if I did I would go after Exxon. Chevron. Wallmart. Standard Oil knew what they were doing many years ago. History repeats itself.
Best place is where all our big buiness CEO's put it. Invest it in anything that's not american made. Our goverment will back it.
In your bank account. Just like its always been. If we start pulling our money from the banks, it will cause a crash worse than what happened in 1929. As for stocks, people need to calm down. Its going up and down. Thats the way stocks work. And thats why putting your life savings in stocks is a bad idea.
As always, a diversified portfolio of cash, bonds, stocks, commodities, international investments and real estate ultimately will have far fewer "mood swings" than putting all of one's eggs in one basket.
What money?
Jack this is a simple one, put your money in the bank, a local bank in your hometown, this recession is not as bad as everyone's been saying. The local banks are not going to fold so just put your money in the bank and maybe if more people did this simple task maybe our poverty level wouldnt be so high
Scott (Freeport,Il)
Gold, silver, palladium or another precious metal, Jack. Metals will never go to zero while all paper currency eventually loses its value and must be reissued. If you had a wheelbarrow full of silver dollars and another full of dollar bills you'd take the silver. Its a no brainer. When the dollar eventually collapses metals will be too expensive for the latercomers to afford, while the wealthy will already have gold reserves and will remain wealthy. The rest of us will use the mattress.
Larry
Florida.
Put your money into pork futures. President Obama has already demonstrated his support of pork regardless of what he says, actions still speak louder than words. Nancy and Harry love their pork dinners and it is a sure bet that the meals will keep getting bigger. Yes siree!! Pork is the place to invest.
Jack,
that is one of my favorite joke heard so far...100 days done in 72 days and rest on the 73rd day!
Last time I checked they weren't making any more land, except in Dubi, so thats where I'm putting my money, in land.
I hear this guy named Madoff has some really great ideas...
Jack, Under your bed.
Jack,
Long term health insurance. Go visit a nursing home and you'll know why!
Jack the best place to put anyones money is with me. As an infantry commander I will put my battalion of troopers on 24/7 guard and give it better protection than Saddam's Iraqi Revolutionary Guard or any other foreign outfit could. Oh by the way there is a 5% admininstration fee. Hell if cell phone, sattelite dish, insurance, banks, and utility companies can charge the same type of fees for their services, what can't I??
Personally, if I had extra money (which I don't), I would buy up as much real estate as I could. When things turn around, it is real estate that will make money for you.
It would be wise to put it into either real estate or stocks. If you wait until the upswing to reinvest, you'll have already missed the boat.
in the matress
Mattress. It has no politicians or CEOs raiding it on a daily baisis.
It's time to come out from savings accounts people. Your money isn't making money. Call Warren Buffet - he'll tell you to be in an index fund.
I vote real estate.
Regardless of how much is in the glass, the glass itself and whatever it contains are going to cost a whole lot more in a couple of years as inflation returns with a vengeance. Massive deficit spending to stimulate and prop up the economy will force us to dust off our WIN (Whip Inflation Now) buttons. I'd invest in real estate, ultra solid blue chip stocks like GE, or short term high grade corporate bonds. Long term CD's are going to be a real loser when inflation hits.
Jack,
the report of Christiane Amanpour shows Afghan people asking what have we done wrong...
it is not their question to answer...it is our question to answer with a new thinking...about not using airstrikes, period!
serta sleeper- you can sleep well knowing where your money is
Personally, I'm investing in rent and groceries. It is giving me the best return on investment at this time. IF I had anything left, I wouldn't be paying rent.
Where's the best place to put you money? Do it the way Sean Connery did it Jack, put it in your mattress.
I like to keep mine in my matress. I sleep better at night knowing my assets over five grand.
The best place to put your money these days is in 'Green Stocks!' I trust Obama when he says that America is going to be investing in natural energy, and what better voice to follow then that of the leader of the free world!
Bernard Wesley Clark Jr.
Has any one ever heard of annuities? Fixed annuities? Indexed annuities? No, not variable annuities, but the guaranteed ones.
Jack,
if we want to use airstrikes, we should to drop weapons of peace...foods, clothing, medecine...
Jack,
if we want to use airstrikes, we should to drop weapons of peace...foods, clothing, medecine!
Why put it anywhere. You can't trust your money anywhere these days. I say leave your money in a savings account and call it a day.
Jack I am putting as much of my paycheck in my 401k right now in order to ride the market up. I also put money left over in staggered certificates of deposit to get the most interest possible.
Cleveland, Ohio
that is easy,jack..put it into a chinese bank
In my offshore account where it can't be taxed or recorded...dang-it I forgot- I switched to being a Dem, that privilege has been revoked
Invest in America Jack. Buy T-bills and other government securities. The money to pay for the President's programs has to come from somewhere. China and the rest of the world are not excited about picking up the whole tab. One of the things pointed out at the start of this crisis is the fact that America no longer invests in itself and that needs to change.
Money. What money? I don't need any stinking money!
I am re-stuffing my mattress since I cannot afford to buy a new one. Sounds like a good place unless my house burns down so pray that it don't.
Jack,
As my uncle used to tell me: 'Want to double your money? Fold it in half and put it back in your pocket."
If you want interest, it seems that savings is the way to go safely these days.
Now's the time to invest in Wal-Mart stock. I know that makes a lot of people upset, but Wal-Mart is one of the few recession-proof companies.
Missy M. Phoenix, Ariz.
Jack,
I don't have much money these days to spare, but I would have to agree and say that if I had extra money to spend, I would definitely invest in Real Estate. My parents own property and are currently looking for other investments... With such role models, I seek the same security and prosperity for myself in the coming years.
I like high yield bank accounts right now along with gold. I don't think the market has stablized enough to play yet.
Supporting House Resolution 1207, HR1207 in the House of Representatives.
Jack knows you never loose money when you invest in a buzz, a.k.a. the alcohol sector. When times are good the world drinks, when times are bad, the world drinks. I don't drink, the buzz is to strong and addictive, so please write your members in Congress and tell them to legalize marijuana so light weights, like myself, can get a legal buzz, and open a weed bar. A new taxable powerhouse!
Jack –
If I had any money, I'd put in Chinese stocks. They have the only economy in the world that is growing these days.
Mark
Granite Falls WA
The best place is where you feel safe the most, that is if you are not a rist taker. For a rist taker like me, i will put it where I am likely to get the most profit like in stocks, bonds, real estate and education.
Aaron – San Diego, CA
Jack,
no current GOP will ever win against Mr. Powell! They can not recognize human decency and integrity if it hit them in the face!
Wow D.Cheney no one to tell the truth! Ouch!
I have split my savings in 2 banks and 2 credit unions that way if one fails the rest is safe, plus the balance i invest in the commidity market 10 year T bonds
i bought a benz jack, i didnt sign up for the recession . los angeles,ca
We can Create 2 million jobs for young people while training them in marketable job skills and helping them get a college education at a very reasonable cost by inducting them into the service, they can be paid inductee rates, for a couple of years service and. It will not cost us much more than paying them unemployment. I joined the service under threat of a draft during Vietnam and was smart enough to select a good school to learn skills while in the service and went on to attend college on the GI Bill, This same system can be used on Immigrants crossing the border, give them a choice, Go home or go in the service and when they finish their service term, they can get a work visa for that same amount of time. Everybody wins Wim, Townsend Tn.
Matress, cookie jar or like Grandma ues to do, tie it in a rag and hide it.
Jack,
I invest in Gold & Silver by the ounce. The real estate boom in Hawai'i has come to a stall in some areas. Yet this is Hawai'i Jack! You just won't see real estate value plummet. Gold has skyrocketed from $300 an ounce too $1000+ you do the math Jack. I am just a Law Enforcement Officer trying to make it to retirement.
Under the mattress. With ths stock market uncertainty and banks offering 1% you want your money close by when you need it.
Jack,
How about guns. Buy stocks in gun manufacturers. Since Obama
won the Presidency, gun sales have skyrocketed. The price of guns have gone up and ammo is getting hard to find. As long as Obama is in office, the safe bet is with stocks in guns. Then before Obama leaves office sell your gun stocks and rake in the money.
In your pocket because the bottom has not hit.
Investment
I have no money
No fiscal equity
Very low on credit
Economy took all of it
Salary job is gone
There’s one thing that has grown
My debt, I’m much too deep
Eyes only wonder when I’m asleep
Now if I had money Jack
Then I’d invest it on stocks Barack
An Acrostic Poem
Written by Khaidji
From The Bajan Poetry Society
Stocks. Since 1988 (including 2008) the S&P 500 averaged a gain of over 10% annually. If you diversify well you can probably assume that 5, 10, 15, 20 yrs. down the line you're probably going to have a lot more money. Bonds and savings accounts are not going to earn you enough money to even qualify as an investment, they belong more in the stacks of cash stuck under the mattress category. If you're scared of investing in what is really a sound long-term investment and making extra money, don't complain to the government about not having enough because its out there for the taking.
Watching the small amount of stock I previously held, and the free fall that followed, I utilize a credit union. Also, I hold an account @ a major banking chain due to complicated process of changing direct deposit, etc..
The credit union interest rates on CD's are certainly more than any bank I am aware of.
I was once told to take my total amount of accounts, and divide it by the number of years I THINK I have to live........a little settling to say t he least. Never will I invest in the market again...period.
The best place to put your money is wherever the Government isn't looking for it and I haven't figured that out yet.
Franklin Mint collector plates. Each one is a unique work of art, signed and numbered and can only increase in value, right?
Jack, seems like this is more of a joke than a question. Have you counted how many funny remarks you have recieved, so far? Do you really think there's a lot of us out here with money to invest? Now, that's a joke.
Money? What's money? Is it made out of plastic?
Seeing as turn around is fair play and the fact that most of us would have been in prison on drug charges because we don't make 7,8,or 9 figures a year; I put my money in stocks that produce Rush's drug of choice these days.
Justice is not equal as we have seen in Rush, Kobi, and Michael Jackson to name a few. But don't involve yourself in anything to do with animal cruilty; judges and lawyers are dog lovers too!!!
Daisy Mae
Park Hills, KY
Jack, it's simple. In a safe.
In my credit union, where it's always been.
Invest in Gold bullion. It has been up 8+ years at an average of 16%, it can't go broke, you don't have to pay any taxes on it until you sell it and it is fully transportable anywhere in the world. Duh, what's not to like!!!!!!!!!!
Jack, diversity is one of the basic principles of investing; it will always be the most prudent and reliable option to spread your assets, so that if one option fails, it will only affect a portion of your money. Essentially, dividing your assets limits risk. Savings accounts and bonds are generally the safest investments, but with the higher risk in real estate and the stock market there are greater gains. In fact, stocks and houses, while unstable in the short term, steadily climb in the long term. If the economy is turning around, and it appears it is, the stock and housing markets are likely to boom as they rebound, making them the best investments, both short and long term.
Jack, that's a simple one. Why not do what the U.S. government does through the CIA? Invest your money in the very lucrative drug trade. It's one of the main reasons we are in Afghanistan right now, so that the Northern Alliance can get back to planting bumper crops of opium. It's no small secret that most if not all banking and corporate entities are funneling money from the drug trade and laundering it on Wall Street. If you do some research you'll realize that any publicly traded company DOES NOT have to report money transactions over $10,000 to the IRS. They are exempt, unlike most everyone else. How convenient that they can launder money and nobody cares to know. It (the drug trade) is what RUNS our economy. It is the most lucrative and profitable business on Earth and anyone that tells you banking and corporate interests haven't figured it out are just plain out lying to you. Follow the organizations of the CIA and those of Wall Street and you'll quickly see the connection. MANY of Wall Street's prominent people have served or are now serving in the CIA hierarchy. Until this story is run in mainstream media (which I HIGHLY DOUBT), the problem will only grow worse. I can't provide much detail on here but if you want more info, email me, I'll shock your socks off.
I invest where I always have: in real estate (my mortgage); the energy sector (my electric bill and gasoline); in telecommunications (my phone and cable bill); in agriculture (grocery bill); and what is left over I invest in insurance (home and car). That about covers it.
Jack:
The best place to put your money ?, its too late, those places are already under investigation! But after they are all prosecuted I would put money into good flea market quality stuff.
Jack, I'm gonna keep both of my dollars in my pocket. Jack from Nice, Ca.
Jack, If I had any money I would deposit it directly into my pocket!
The best place for now is in the stock market with profitable Companies that are currently giving 8-11% dividends. This is due to their current values being depressed by the recession and sub prime and foreclosure crisis. This would be short term. I don't trust our President. I think he may make the market worse in 2010 with his tax and spend policies. I would monitor the investments closely.
Jack: The best place to put money these days is in an FDIC insured CD.
Put money into your home (mortgage, upgrading & repairs or saving for one); buying new car (using tax incentives available) or making improvements & repairs on cars you already have; into improving your family’s life (education, camping equipment, etc.); into Treasury Bills / Bonds / Gold.
Put money into your home (mortgage, upgrading & repairs or saving for one); buying new car (using tax incentives) or making the needed improvements & repairs on cars you already have; into improving your family’s life (education, camping equipment, etc.); into Treasury Bills / Bonds / Gold.
Wall Street took it all – don't have a clue where they put it. Do you?
I heard of this guy who promises 10-percent return per month. I believe his name is Bernie or something like that.
Margaret Millville DE
All 3 Diversify Diversify Diversify as long as you do it yourself
In a shoe box under your bed.
Under the mattress has always seemed the safest to me. At least I always know where it is and where it's going! By the way Hi from Reno NV
Charities Margaret Millville DE
I have a diversified portfolio and I have recovered 55% since the bottom. I do have confidence in our President, no matter what the politically negative say.
Good Job as always Jack. Maybe you can help Wolf.
I would invest the money in hookers. At least that way you know where the money is going when you get screwed.
The stock market. AAAAAAAANNNNND it's gone!
We have our savings in a bank; our 401k's invested in "conservative" funds, which we watch carefully.
We are diversified, and are planning to buy more stocks. The Dow is on sale right now!
Peace everyone.