Question for the financially knowledgable
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Question for the financially knowledgable
by Henrietta » 5/26/2005, 2:01 pm
I was driving around my rural, quaint, booming town today and realized how important a home and land is to me. Yeah, I'm sentimental and nostalgic like that. I was thinking that I should start saving for that, but if I just put it in a regular savings account, then I'll just end up "needing" it and taking it out at a later date. I know they have IRA accounts and such with good interest rates that you can't take out until you're 60, and the same for education accounts. Do they have such things for land and a home? If I just starting putting 10 bucks a week into one that would at least get me started on a lot. Anyone have any clues?
- Henrietta
by xjsb125 » 5/26/2005, 2:07 pm
If you want to put some money aside and invest it for future use, I recommend investing in some mutual funds. They are generally safer than just buying stock in companies. You might also stop by your local bank and ask if they have any savings plans. I also know that you can get pretty good rates on new home owner loans, if you have a good work and credit history.
<nam_kablam> I'll be naked holding a ":O" sign while pumping their door
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xjsb125 - Oskar Winner: 2010
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by nelison » 5/26/2005, 2:18 pm
ya the best thing to do is go to the bank and talk to them about what you want. Financial consultants will figure out what type of investments suit your needs, plus answer any other questions you have.
I can't wait until the day schools are over-funded and the military is forced to hold bake sales to buy planes.
"It's a great thing when you realize you still have the ability to surprise yourself. Makes you wonder what else you can do that you've forgotten about"
"It's a great thing when you realize you still have the ability to surprise yourself. Makes you wonder what else you can do that you've forgotten about"
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nelison - Oskar Lifetime Achievement Award: 2006
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by nelison » 5/26/2005, 2:54 pm
well in terms of investments they'll help you save. It doesn't mean you have to take out a loan or whatever. Unfortunately being Canadian I don't know much about American investing so it's hard for me to say what is best to do in the US.
I can't wait until the day schools are over-funded and the military is forced to hold bake sales to buy planes.
"It's a great thing when you realize you still have the ability to surprise yourself. Makes you wonder what else you can do that you've forgotten about"
"It's a great thing when you realize you still have the ability to surprise yourself. Makes you wonder what else you can do that you've forgotten about"
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nelison - Oskar Lifetime Achievement Award: 2006
- Posts: 5660
- Joined: 3/16/2002, 9:37 pm
by Bandalero » 5/29/2005, 8:59 pm
Whenever death may surprise us,
let it be welcome
if our battle cry has reached even one receptive ear
and another hand reaches out to take up our arms.
Nobody's gonna miss me, no tears will fall, no ones gonna weap, when i hit that road.
my boots are broken my brain is sore, fer keepin' up with thier little world, i got a heavy load.
gonna leave 'em all just like before, i'm big city bound, your always 17 in your hometown
let it be welcome
if our battle cry has reached even one receptive ear
and another hand reaches out to take up our arms.
Nobody's gonna miss me, no tears will fall, no ones gonna weap, when i hit that road.
my boots are broken my brain is sore, fer keepin' up with thier little world, i got a heavy load.
gonna leave 'em all just like before, i'm big city bound, your always 17 in your hometown
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Bandalero - Posts: 6219
- Joined: 5/23/2002, 11:25 pm
- Location: South Texas
by Bandalero » 5/31/2005, 12:07 am
all i thought about when i read this topic was when stewie was dreaming of himself on a rocking chair in the south drinking lemonade saying "it's good to own land" 
Whenever death may surprise us,
let it be welcome
if our battle cry has reached even one receptive ear
and another hand reaches out to take up our arms.
Nobody's gonna miss me, no tears will fall, no ones gonna weap, when i hit that road.
my boots are broken my brain is sore, fer keepin' up with thier little world, i got a heavy load.
gonna leave 'em all just like before, i'm big city bound, your always 17 in your hometown
let it be welcome
if our battle cry has reached even one receptive ear
and another hand reaches out to take up our arms.
Nobody's gonna miss me, no tears will fall, no ones gonna weap, when i hit that road.
my boots are broken my brain is sore, fer keepin' up with thier little world, i got a heavy load.
gonna leave 'em all just like before, i'm big city bound, your always 17 in your hometown
-
Bandalero - Posts: 6219
- Joined: 5/23/2002, 11:25 pm
- Location: South Texas
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