Investing some Money

[mahya]

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I have few thousands on my savings and i would like to do an investment with it ( I know it is not huge money) but I am starting Dental school and want to make some money without working..any suggestions?

 

[mshheaddoc]

I have few thousands on my savings and i would like to do an investment with it ( I know it is not huge money) but I am starting Dental school and want to make some money without working..any suggestions?

I would suggest finding a broker or contacting a financial institution/advisor to speak with a professional who can assist you. SDN Dental is not an area to solicit brokerages. 😀 If you are looking at ideas for finances, feel free to visit the finance and investment forum on SDN.

 

[antidentite]

i understand not wanting to fork over money to a "professional" to consult you about a rather small amount. depending if you earned income or not last year and assuming you are talking about less than or equal to $4,000 to invest - i would be suprised if you could find something better than opening an account through someone like fidelity and putting that money into a Roth IRA - not a typical IRA. place it all in one fund - something rather diversified like SPY (spider - S&P DEP RECEIPTS) might be a good start and just let it sit there. that money will be huge by the time you retire. i don't think i am too far off base by saying that the wealthiest dentists close to retirement are not the ones who netted the most off their practice yearly, but who invested EARLY and wisely.

 

[Dadoh]

i understand not wanting to fork over money to a "professional" to consult you about a rather small amount. depending if you earned income or not last year and assuming you are talking about less than or equal to $4,000 to invest - i would be suprised if you could find something better than opening an account through someone like fidelity and putting that money into a Roth IRA - not a typical IRA. place it all in one fund - something rather diversified like SPY (spider - S&P DEP RECEIPTS) might be a good start and just let it sit there. that money will be huge by the time you retire. i don't think i am too far off base by saying that the wealthiest dentists close to retirement are not the ones who netted the most off their practice yearly, but who invested EARLY and wisely.

Good to do the Roth IRA now, You will soon not qualify for it. Most funds are doing well right now, but if you are looking to let it ride until retirement, best to just diversify, index's are good.

 

[Obelix]

I agree with the ROTH IRA advice, but if you're looking at a more liquid account with shorter term investment, you can try HSBC, ING Direct or Emigrant Direct. They offer an internet savings account with ~5% interest.

 

[muz]

go with emerging market mutual funds

incredibly yearly returns

brazil, russia, india, china, and latin america

 

[Khurram]

I have an emigrant direct savings,
it's great.
no minimums,
no fees,
unlimited transfers to and from
and a rate right now of 5.15% which seems to go up every couple months.

 

[rchuloholla]

Khurram, nice picture... are you indian?