Best way to invest $1300?

PPR - ING prime rate fund trading 5.63 gets you 230 shares.


Great dividend name....see below. It has years of the same performance.

Apr 5, 2012 0.033 Dividend
Mar 8, 2012 0.03 Dividend
Feb 8, 2012 0.03 Dividend
Dec 28, 2011 0.029 Dividend
Dec 8, 2011 0.028 Dividend
Nov 8, 2011 0.028 Dividend
Oct 5, 2011 0.026 Dividend
Sep 8, 2011 0.026 Dividend
Aug 8, 2011 0.026 Dividend
Jul 7, 2011 0.025 Dividend
Jun 8, 2011 0.026 Dividend
May 6, 2011 0.025 Dividend
Apr 7, 2011 0.026 Dividend
 
Quote from riskbiscuit:

It depends on which contracts he's trading in futures. All day trading margins vary for all markets. But also, most brokers and or clearing firms require more than just $1300 for initial capital to open an account. Also this is a SEP IRA so he'd have to find a custodian who would allow him to trade futures on those funds because most custodians don't. And when he does find an IRA company who would let him trade futures on those funds, that IRA company would eat at the capital with all their fees. Not worth it.
More...

No custodian is going to allow then to trade futures with <$2,000.
 
Quote from nkhoi:

in case you didn't know you can't short IPO.
More...

i was being facetious, doubt you could short from an IRA account also.

ill probably end up with a couple of shares of some ETF or equity to broaden my portfolio..

thanks for everyones thoughts.
 
Quote from doctorbonez:

i was being facetious, doubt you could short from an IRA account also.

ill probably end up with a couple of shares of some ETF or equity to broaden my portfolio..

thanks for everyones thoughts.
More...
I was serious, I was in IRA, I asked for suggestion and no I didn't buy 1K of GOOG IPO.
 
There's a reason the savings rate in America has fluctuated around zero for a decade. People have figured out that under our current policies the average individual "saver" will eventually lose. My personal advice would be to put the money into insulating you house or buying a more fuel efficient car or just take a nice vacation you'll remember. Anything the average Joe tries to save nowadays is up for grabs in our economic/political kleptocracy.

If you understandably want some money set aside for emergencies, then the "buy nickles" advice is probably as good as any - or some commodity backed ETF although you'll still be pilfered by a 28% annual tax on your inflated "gains". It's sad to face, but consider the old gambling addage - if you look around the table and don't see the sucker... it's you.
 
You must log in or register to reply here.
Back
Top