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Reply #3: I was going to invest in some stocks [View All]

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CountAllVotes Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-28-11 01:10 PM
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3. I was going to invest in some stocks
They were mutual funds and I read the prospectus and it had money invested in Monsanto, Halliburton, etc. etc.

It sickened me and I couldn't do it. I doubt I'd have made any money anyway given the way the market has been.

I'm holding in CDs and I-bonds still. The I-bonds are old ones and they are paying a lot. New ones being issued now are at 4.6% for the first 6-months and they'll reset to likely a lower amount. The good thing about I-bonds is that they are tax-deferred and state tax exempt. However, you can buy $10,000.00 worth of them a year - $5,000.00 paper (soon to go away) and $5,000.00 electronic.

If you find any decent half-way moral investments let us know.

I can't stomach the idea of giving a cent to the likes of Exxon or BP ... these are two other companies (along with most other oil companies) that are in mutual fund portfolios. I have found it impossible to find something without some sort of real horrible stuff in the mix.

Best of luck and don't blow all the money, tie it up into something you cannot get to easily without facing a penalty (that should make you think twice before you do it).

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