help me please

ilikeinvestment · Newbie Joined: 29 Mar 2009 Posts: 1

Hello. Let me put it straight: In a few months I will be getting a gift of $11000 U.S. from my parents. I am 21 years old and I am not a "financial person." This money was set aside a while ago and I will be getting it like I said an a few months.

I want to grow this money. And I dont know anything about investing. I do not have an investors mind or a financial sense. What should I do with this money to make it grow instead of giving it to a bank and put it in some measly guaranteed income savings account? Thanks

rffrydr · Posted: Sun Mar 29, 2009 9:32 pm Post subject:

Without knowing chit about you or your liquidity needs and risk tolerances IMHO here's four choices:

1) BEP on weakness and at least 5% discount to NAV and THEN short a Dec SPY 100 on any rally: should lock you in 10-15% in flat-to-up market; and give about the same cushion on the downside. This fund will be liquidated early '10.

Sell 1 Dec BAC 7 put on weakness and be willing to hold if exercised. Finance two $15 DEC Calls.

400 shares HAV ~0.90.

2) Nuveen JFR; buy two SPY DEC 70/50 Put Spreads. 100 CFC-A, 200 EROC

3) AGM

4) Ask Bill

5) Find out what you think you know and ask again.
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