Anyone here got any experience with stocks?

[MrPopo]

Go into it with the mindset that you won't touch this money for decades. You are not connected enough or researched enough to try and day trade. But a diversified portfolio will go up over time, where time is counted in years to decades.

[RyaNtheSlayA]

My advice has already been given - don't take advice from us!

I can tell you what I've done that I think is working out pretty well for myself. I've got most of my savings in a CD. I've got about one fifth of that in relatively risky investments for fun.

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And I think we can all agree with Blu that retro games are a sound financial investment for the future.

Antique canes and pottery move out of the way. Millennials are coming.

[8bit]

IMHO CD's are one of the absolute worst investments.Today they provide super low returns on investment and long investment periods with big penalties for taking out your money early. The only benefit they have is how safe they are. But honestly that safety isn't going to make the money you actually need or want it to. Don't go this route.

My #1 suggestion is go find a local Raymond James or Edward Jones investment advisor and go in for a free consultation. A good adviser will take your current financial situation, your financial goals, and match them up with a well rounded investment plan. They should do this at no charge in an effort to earn your business. From there you can work that person to make it happen or take the free advice and do it on your own.

My alternate suggestion - Look at S&P 500 Bonds instead. Historically you will find gains that average about 5% per year... even over the last 10 years where we've had a couple of big market downturns. Right now a lot of money is being moved from Gas and Oil Investments into these kinds of bonds... It's where the big money goes to be safe and still make a living during times like these.

[marurun]

CDs are a fine part of a diversified portfolio. And they're good, safe storage for money for short-term investment, certainly better than a savings account. By which, if you have some money, and you know you'll need it a year or two down the road, but you don't want it just sitting around doing nothing for now, and you don't mind it not being immediately available, stick it in a CD. You'll have it back in a year or three, on-schedule. Much less flexible than a savings account, but not nearly as worthless for money you won't need for emergencies.