- Jan 16, 2001
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... I can give money to to invest and I can come back at the end of the year and hopefully have a positive return on investment?
I am in the process of buying my first house and I'm deciding what to do with the $8k tax credit. One option is to invest, but after a weekend of reading about the stock market, I find myself completely overwhelmed. From what I gather so far, normal dividends from stocks (AT&T, Verizon, Coca-Cola, etc) would take 10 to 15 years before they returned my initial investment. That's a bit too long for me. I want something more short term. The only way I saw to get 10 to 15 years worth of dividends in 4 to 5 years, would be active trading (buying/selling). I can't do that. I am not anywhere near proficient enough in the stock market to actively trade and I certainly don't have the time.
I looked at e-Trade, Ameritrade, Scottrade, etc, etc, but it looks like I would still need to be the one to buy, sell, buy, sell....
I want someone else to do it for me. Granted, it will probably cost me more than a $7 trade, but for someone like me, I think it would be worth it.
So does anyone know of such a place? Somewhere I can fork over $8,000 and have someone buy/sell for me?
-Thanks
I am in the process of buying my first house and I'm deciding what to do with the $8k tax credit. One option is to invest, but after a weekend of reading about the stock market, I find myself completely overwhelmed. From what I gather so far, normal dividends from stocks (AT&T, Verizon, Coca-Cola, etc) would take 10 to 15 years before they returned my initial investment. That's a bit too long for me. I want something more short term. The only way I saw to get 10 to 15 years worth of dividends in 4 to 5 years, would be active trading (buying/selling). I can't do that. I am not anywhere near proficient enough in the stock market to actively trade and I certainly don't have the time.
I looked at e-Trade, Ameritrade, Scottrade, etc, etc, but it looks like I would still need to be the one to buy, sell, buy, sell....
I want someone else to do it for me. Granted, it will probably cost me more than a $7 trade, but for someone like me, I think it would be worth it.
So does anyone know of such a place? Somewhere I can fork over $8,000 and have someone buy/sell for me?
-Thanks
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