Recommendations for the SAFEST ways to take home 7-9% return on investments?
Looking for annual return, nothing longer permanent status than 5 years, and no more than half of the investment inaccessible for over a year.Answers: DRIP Plans are great for long-term. The longer you maintain your money in these plans the better the annual return will be. A 5 year outlook, I am not sure, that will have to be your nickname.
If you decide on mutual funds, do your research because 75% of them underneath perform the open market. All of them have regulation fees of 1% to 2% and some have sale loads. That is a lot to overcome.
I would suggest checking into DRIP Plans. If you look into mutual funds, receive sure they have a track copy close to what you are looking for.
You've got greatly to learn. With large returns, comes higher risk.
Anyone that tell you can do what you want & it's "safe" is ripping you off.
Learn investing. Asking strangers whose recommendation and motives can never be known, will lose you money.
Read some books. Depend on yourself. You'll do much better.
Buy the agency: the Fidelity Independence Fund (FDFFX) is a good fund. It's lost 10.29% since January 1, 2008. It's a 5 Star fund (at the top of its class).
As I said... you've get a lot to swot up.
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Whose stock should I buy Bank of America or Countrywide?
With the recent news that Bank of America may buy Countrywide, what would be the better move, Buy Bank of America or Countrywide stock. Whose stocks will rise from this and whose stock will jump down because of this? All advice appreciated.Answers: I would not buy any frankly. Certainly if BAC buys Coutrywide the value of its stock will dive. Countrywide on the other hand may not be bought by BAC which would tight-fisted they might file for bankrupcy. Instead buy USB a relatively nouns bank, something specifically sort of an anamaly these days.
I own profusely of Bank of America shares and I am not too happy of this word. What do they get out of CFC? Paying for risky loans that can further losses?
I still am going to pick up BAC because they are huge and hold plenty of cash to product it through the rough times. CFC though is up 60%. If you buy tomorrow, there could be a massive profit taking and it could drop 40% surrounded by the day. If shares go up a lot because investors thought they would be bought out, what will develop if BAC doesn't buy them?
Too much risk with Countrywide for me.
The impression is to pick up shares of good companies when price is low and culture are scared. CFC is no longer a fitting company
I already own BAC.
They get exposure to market that CFC is in that BAC is not.
While CFC is without a doubt in trouble because of sub-prime mistakes, the REST of their business (probably 65% or more) is surrounded by conventional mortgages.
Buying CFC now is an arbitrage bet, since no price have been announced, and their CEO is a infamous idiot. I'd wager either the operate falls apart (because of greed) or it goes at $5. The stock closed at $7.75 (mostly due to short covering IMHO). So you might in truth LOST money on a take out.
I own shares within Bank of America. If it buys Countrywide it price will fall and Countrywide should appreciate up to the buyout price smaller number interest until closing and risk of non-approval.
However, I would not own Countrywide under any circumstance unless the merger have already been approved by adjectives regulatory authorities, both boards and any shareholder approval. Countrywide's single largest problem is liquidity. Bank of America does not have that problem but it is already a partial owner of Countrywide. If Countrywide fail, Bank of America writes down billions of dollars in equity.
If Bank of America buys Countrywide, it is to prevent writing down billions surrounded by lost equity investment itself.
There is no good outcome to any of this for anyone except particularly long term shareholders of Bank of America.
Neither, horrible sector. Enough said.
How long will it take to double an investment of $500 at 12%, compounded quarterly?
Answers: A quick rule of thumb for doubling an investment is rule of 72 -- the product of the interest rate and number of years of investment. If you have 12% return, then it should take you about 6 years to double your money (72 / 12 = 6).
Since it's 12% compounded quarterly, then it's as if the annual interest rate is 12.55% or (1.03)^4. Therefore 72 divided 12.55 is about 5.737 years -- this is a rough guess.
If you want the actual answer, you would solve the equation (1.03)^n = 2 and n/4 will give you the number of years. You divide the interest rate by 4 to get .03 and you divide n by 4 to account for the quarterly compounding, respectively.
By the way, N is 23.4498 and N/4 is 5.862 years.
The rule of 72 is the best way to figure how to make compound interest work for you. Divide 72 by the interest rate and the answer will tell you about how many years it will take your money to double.