LT
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If you have that much money... see a Finical Adviser and they can show you a lot of places to invest your money and a good adviser will give good advice. They have told me of investments I didn't know about and am making good interest off those investments. Sometimes can be better than the stock market and for sure if some of your stock drops 40% in value. |
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largslassie
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Woo Hoo you are going to be hit by all the spammers now! Ignore any emails from Nigeria. |
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shorty
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I have some nice property in Nigeria if you want to invest with me! |
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Kenny
 |
I think the best way to invest $600,000 would be to invest periodically in broad based index mutual funds of the Total Stock Market, Total Bond Market and Total International Market. You need to determine an appropriate Asset Allocation for you and your risk tolerance and stick to it. |
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Wisdom Reanimated
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Did you have a rich relative die in Nigeria and leave you that money too? |
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ladies favourite
 |
MY BANK ACCOUNT |
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jizzi
|
Give it to me, it would be safe lol |
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Boiled Egg
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Give it all to me, and i'll be your bestest friend. |
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towerlad
 |
invest it in a life you cant take it with you so why not enjoy it |
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budding author
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Sounds a lot doesn't it? But it's not really, I'm no financial whizz kid but there are really only two methods, gamble it in stocks and shares, (like property as already suggested) listen to the 'experts' who will advise you and take a commission for their trouble, whether it works out or not!
Or stick it in a safe deposit and live off the interest,if you can get a tax free interest account (which I doubt for that amount) you could pick up say $30k a year, could you live off that? I dont think so, but assuming you dont have to live on the interest and have an income then the interest will mount up over the years, and interest upon interest. The main thing about this is your cash is always safe, you can get at it whenever you want!
On the other hand you could gamble and make millions, or loose the lot.
Good luck on your choice! |
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philip
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i wouldn't use a financial adviser . most of them are only interested in there own commission which is quite high. go and see a few of them but you will find they offer much the same advice. i think you need to get talking to somebody that is successfull in business and see if they can give you any advice . property is a good long term investment . |
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jamieveguilla
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mutual funds |
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Jobo83
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property is a good investment. buy to let |
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skcs11
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deversify, realestate, stocks, savings, cd |
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Robin C
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I’d go for a high yield mutual fund. If you need the money to be liquid, CDs earn a higher interest rate than a savings account. If you need to shelter that from some taxes put the max into an IRA, and open a college fund for your kids.
Even in a good market property is a risky investment. You have to be able to hold onto the property very long term to really make money. Plus you have to be able to afford the upkeep and the property management fees on keeping renters happy.
The other thing, if you do not already own your home that is the best investment. Not for re-sale, but just as your home. |
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Douglas ?
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No risk would be banks and governmental securities. |
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gbftl1
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Give it to me. |
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A.C.
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gold, or some other type of mineral or grain |
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April2007
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Put it into my bank account. |
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FrominatoR
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balanced portfolio of bonds, CDs, and index funds. you are guaranteed cash flow out of these. |
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Heathen
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Property |
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maxhedr00m
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Middle class people invest in stocks. The truly wealthy invest in real estate. |
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eifionrefail
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It depends on how old you are, how long you intend to invest for and your attitude to risk.For that amount contact an independent financial advisor. |
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Fang
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If you give me your email address I will send you details of a bank account that you can deposit the money into. |
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B D
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Overseas property. Buy something in mainland Europe... maybe Italy or Spain? |
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