Secret Finance

johnny asked:


Currently i am contributing to my 401K with very aggressive investments since retirment is still 25+ years away for me.
With all of this talk of a recession, would it be wise to not be so aggressive in my investments for a while?

H asked:


Because of their insight and knowledge of the business, investment options, and trends? Just curious. I would imagine ordinary folks may be able to be money savvy to a certain level over time but probably still no equal to the pros who breathe finance/accounting/banking work night and day.
cybe’s made a very interesting point. I guess “ignorant” could be a “blessing” in the investment world LOL? Perhaps the more one knows, the more confidence, the more risk one may take, and the more money one may make - or lose?

Michael P asked:


Everybody knows using a credit card at the ATM or bank will qualify the transaction as a cash advance and cash advances carry a rather high rate. However today I heard a bit on the news;how to make money off of the credit card companies rather than them making it off of you. It featured some investment guru who talked about using available balances on credit cards for investments that have a higher rate of return than the credit card carries. I have a 0% until July 2007 with plenty to invest if I decided to do this, but how would I avoid the cash advance rate if it would be regarded as cash? Are there any investments that would list the transaction as a purchase? Please help, I am confused.

Morgan le Faye asked:


I’ve heard of diversifying and that some investments (like savings accounts and CD’s) simply earn interest and are supposedly completely safe, particularly if FDIC insured, but I know little about stocks, bonds, and other types of investments. What do you consider the safest investment(s) and in what combination?

Capricorn asked:


I have a small amount of money I would like to invest. I have heard of mutual funds but what are they? how do you get them? how much do they cost? how much money can you make from them? Is there a certain amount of time you have to wait before getting the money from them? Do they require any “upkeep”? Anything else I should know about mutual funds?

Do you have suggestions for other easy investments that would be better than a mutual fund?

Sorry for so many questions but i would really appreciate someone knowlegedable to help me out. Thanks!