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hypothetical question about what you do AFTER silver spikes or you sell...
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<p>[QUOTE="ChurnDog, post: 995951, member: 24404"]Personally, with only $2100, I would avoid individual stocks (unless you already have a fairly significant basket of individual stocks). Like others have said it all depends on your risk tollerance what you would be looking to invest in. My time horizon is roughly 30 to 40 years, so I am looking for growth and can take and I am not afraid of high levels of risk. Personally, I like products from Vanguard and Fidelity (since they have really low fees). However, I'm not sure either of them has any funds that don't take a minimum initial investment of $3000, so they would be a little out of the question.</p><p> </p><p>I really like RhinoEmpire's suggestion of a ROTH IRA. I am a big fan of them since I worry about extremely high tax rates in the future. Of course no one has a crystal ball and there is a chance the withdrawals won't be tax free on them in the future, but I am willing to take that risk.</p><p> </p><p>Race also brings up a good point about pre-paying your mortgage. If you don't think you can earn more than 5.5% in your investment portfolio, this is a great idea.[/QUOTE]</p><p><br /></p>
[QUOTE="ChurnDog, post: 995951, member: 24404"]Personally, with only $2100, I would avoid individual stocks (unless you already have a fairly significant basket of individual stocks). Like others have said it all depends on your risk tollerance what you would be looking to invest in. My time horizon is roughly 30 to 40 years, so I am looking for growth and can take and I am not afraid of high levels of risk. Personally, I like products from Vanguard and Fidelity (since they have really low fees). However, I'm not sure either of them has any funds that don't take a minimum initial investment of $3000, so they would be a little out of the question. I really like RhinoEmpire's suggestion of a ROTH IRA. I am a big fan of them since I worry about extremely high tax rates in the future. Of course no one has a crystal ball and there is a chance the withdrawals won't be tax free on them in the future, but I am willing to take that risk. Race also brings up a good point about pre-paying your mortgage. If you don't think you can earn more than 5.5% in your investment portfolio, this is a great idea.[/QUOTE]
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