What the best account for your savings?

[alphaman]

I'm saving up for a boat. 20-30 thousand range. And I want to put it in an account to build up over a few years say 4-5. I will be adding 3-5thou. to it each year. Most the increase will come from me adding to the account. What type of account should I put this in.

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["W"]

Stock market on a stock that pays good divides

Savings accounts don't pay crap for interest....

Invest in a stock like AT&T, Phizer, or a high yield bond

[jdm4x43732]

Read a few of Dave Ramsey's books. He might not know as much as some of the guys on here but he is pretty sharp. If you want pm me I have the audio CDs from one of his classes I took that you can borrow.

[alphaman]

Were do I go to read up on how to start and how much to start with.

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["W"]

Originally Posted by alphaman

Were do I go to read up on how to start and how much to start with.

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If you have a few thousand and want to go into the market you can open a scottstrade account and buy

Just make sure you invest in a safe stock with high paying div.

Just last year alone I made half of what I made working on Div. Payments..

[BassAssasin]

Originally Posted by jdm4x43732

Read a few of Dave Ramsey's books. He might not know as much as some of the guys on here but he is pretty sharp. If you want pm me I have the audio CDs from one of his classes I took that you can borrow.

Dude is a G when it comes to money! but reading his books keep my from buying a boat haha

[jdm4x43732]

My biggest response to my wife while we were taking the class was "fawwk Dave Ramsey". But dude knows his stuff. We still apply quite a few of the things from the class at home but not everything. Still a good tool for anyone thing about saving or investing.

[alphaman]

Originally Posted by jdm4x43732

My biggest response to my wife while we were taking the class was "fawwk Dave Ramsey". But dude knows his stuff. We still apply quite a few of the things from the class at home but not everything. Still a good tool for anyone thing about saving or investing.

I've heard good things about him!

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[Duck Butter]

Originally Posted by alphaman

I've heard good things about him!

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He is the man, BUT he would advise AGAINST buying a boat because the boat isn't gonna make you any money, its an expense and Dave don't like expenses

He can make you rich, but you gotta live without the finer things in life for a few years.

["W"]

Originally Posted by Duck Butter

He is the man, BUT he would advise AGAINST buying a boat because the boat isn't gonna make you any money, its an expense and Dave don't like expenses

He can make you rich, but you gotta live without the finer things in life for a few years.

Rich and miserable ..... You can't give me 10mill and tell me I can't ever fish or hunt...

[Armand16]

Originally Posted by alphaman

I'm saving up for a boat. 20-30 thousand range. And I want to put it in an account to build up over a few years say 4-5. I will be adding 3-5thou. to it each year. Most the increase will come from me adding to the account. What type of account should I put this in.

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common man! come talk to me at work ill show you what we have to offer. ill be out tomorrow so if you come in ask for chuck

[BassAssasin]

Originally Posted by Armand16

common man! come talk to me at work ill show you what we have to offer. ill be out tomorrow so if you come in ask for chuck

Dude you work for a boat dealership??????

[Armand16]

Originally Posted by BassAssasin

Dude you work for a boat dealership??????

no.. i work with investments.. call me back

[alphaman]

Originally Posted by "W"

Rich and miserable ..... You can't give me 10mill and tell me I can't ever fish or hunt...

You can say that again!

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[alphaman]

Originally Posted by Duck Butter

He is the man, BUT he would advise AGAINST buying a boat because the boat isn't gonna make you any money, its an expense and Dave don't like expenses

He can make you rich, but you gotta live without the finer things in life for a few years.

The money is for long term, future retirement etc. Some will go towards buying a boat , but not all.

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[spotchasin]

Actually what W said is what I would recommend also. Invest it in an established dividend paying stock (ATT, Altria, Exxon) savings accounts pay crap for interest.

[fishfighter]

Originally Posted by alphaman

I'm saving up for a boat. 20-30 thousand range. And I want to put it in an account to build up over a few years say 4-5. I will be adding 3-5thou. to it each year. Most the increase will come from me adding to the account. What type of account should I put this in.

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you can put it in mine, i will "watch" it for you

["W"]

Actually I started a few guys offshore in some stocks..... Some took there bonus last year and they asked me to help them

I put them In pfizer(makes Viagra)
And OLIT..oiltanking comp.

All of them are making good on these two stocks

[BIG RED 1983]

"w" what is a good amount to start a scottstrade account with if you have never invested in the stock market and want to start

["W"]

Originally Posted by BIG RED 1983

"w" what is a good amount to start a scottstrade account with if you have never invested in the stock market and want to start

3k would be a good start

If you learn how to watch trends you can buy low sell high
A while back when everyone was in a panic when the market was down..I was buying up all that. Low stock


Made 112%. Profits last year on LNG