Jimmy
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Yes, diversify. And do your own research into the different investment options and industries. Research will reduce the chance of a bad investment. |
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nerak
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whatever you do... DIVERSIFY |
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r1ckpicon
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20k is not enough to buy single stocks. too much risk or overdiversify. best thing is mutual funds or cheaper way ETFs |
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jeff410
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It depends on how old you are and how you feel about risk. If you're young, in your 20s, put most of it in aggressive growth funds, and the rest in growth and income funds and bond funds. If you're older or more risk averse then put 40 percent in bonds and 60 percent in growth and income funds. |
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archduke
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for the 20k to be invest well i would divide 5k into groups 1250 and put that in 2-4-6-8 CD or bonds and roll them over.the other 15k put in stocks and mutual funds or into the foreign exchange market. |
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steven
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I'm guessing that you aren't very sophisticated. It's called a money market fund not a money maker. We all have to start somewhere and this is where you are starting from.
Try a lifecycle fund at Vanguard. Vanguard has very low fees. There's an artice below on lifecycle funds from USA Today that explains the funds in simple terms.
http://www.usatoday.com/money/perfi/retirement/bw/2002-07-18-portfolios.htm
One more thing, don't go to the bank manager. I know a heck of a lot more than 99% of those guys.
He/she will send you to the in house finanical advisor who will put you into funds with high fees. |
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onehanginglo
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if u r young got for growth stocks, if old go for income-tax free income. and yes diversify. |
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homerunhitter
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If the 20k is important to you, by all means diversify. If, on the other hand it is chump money, take a controlled flyer on a company you have researched and belive to have a super growth potential. There are a number of them around. |
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BevD
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According to Rich Dad Poor Dad.....one of your best investments is actually REAL ESTATE.......also finding a home based business where you can actually work from home. Do some research to see what's out there.
What I did was get started in Photomax. It's incredible... you can check out my web at www.bedavis1.mywayout.net......heck if you like what you see fill out the form and my partner will call you (I'm deaf so she does my calls!) It's really worth looking into... If you don't like it, then it might not be for you, but you never know. But like I said, Rich Dad Poor Dad has lots of awesome ideas..pick up the book at your local book store. He's incredible and easy to follow....he's always suggesting Network Marketing and Real Estate.....that's where the money falls in :)
Good luck! |
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andrewmillsengineer
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dividend producing energy stocks. Get hold of an "Investors Business Daily Newspaper" or even "Money Magazine" for some more ideas. |
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INACTIVE
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5% is decent. Historical crashes in the stock market could lose all $20K or could make you $20K more. How much of a risk taker are you??? Once you have answered that let your conscience be your guide, to coin a phrase. Might I suggest reading a few books??? I like Suze Orman's advice. Check her out at the local library. |
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starflower
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unit trusts |
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JOB CREATOR
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FREE MONEY LOOPHOLES AND YOU DON'T NEED NO MORE THAN $100 AND 1HOUR FREE DAILY.YOU CAN MAKE $4OO AND MORE PER DAY |
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ilovegerling
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Invest most of your money into long term bluchip stock, invest a small amount into high risk (keep an eye on it). Invest some into your bank accounts (so that the bank people will like you) and then spend like $1000 on yourself. |
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chloe
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start a business, or buy a home to rent out. or spend some time learning about reading financial statements and how the stock market game is played before buying any stocks.
to quote robert kiyosaki: "Rich dad's concern was that the Western world would not only have a health problem, a health problem caused by too much fast junk food, but we would also have a wealth problem, a problem caused by too much fast junk investments. He said, 'Any food or investment that is too easy to buy, overly advertised, wrapped in convenient attractive packages, with sales offices & salespeople on every corner, is probably not good for you.'" i also learned from him that diversity is something that is really stressed for those who r ignorant (so it's a type of sale pitch)...and these people don't really look into what's going on in the market...so diverse protfolios is not necessary if u truly understand the stock market.
i think 5% sucks! u r not maximizing the use of ur money. u have been settling for less & have been sold into their sales pitch...this is not the way to go if u really want to multiply ur money.
also learn from the rich...don't ask other poor people what to do with money...u also must learn what kind of approach to life they take. |
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Scanless1999
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loan it out and get a big return
PROSPER.com is who administers to the loans for you go to that site and see |
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hugh.G.rection
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try and find a REIT, check you're local paper for "hard money lenders" or Private Investors for Real Estate Backed Securities...
I lend out notes between 15-150k at not less than Prime + 8% that's the cap rate here in CA.
That's 16.5% ROI every 12 months and it's a secured instrument. I've yet to find a safer investment but you have to be well networked to get in on it, just make some calls or if you're in CA I can point you in the right direction. Oh, and you can take a few points up front... |
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Harrison
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Before this I wrote an article about ways to invest when you have $100,000 in my blog. I think this can be your reference to invest your 20K. |
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fedup
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I have much more than you and stocks are doing very bad for me.. |
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SpankyTClown
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Ummmm, talk to a bank manager about mutual funds and stocks I suppose. They would be more qualified than anyone here to answer that question.
Otherwise take an annex course on investing in stocks. I did that a couple years ago. |
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