I have a extra $20,000 cash doing nothing?

I work at a local McDonalds flipping burgers for a living and have saved up $20,000 cash. I dont need the money at this time as I get by good enough on the $6.43 a hour my employer pays me. My question is this.... what would be a good place to stash the extra cash and make some money out of it?. A C.D. only pays 2-3 %. I am running out of places to stash the cash in my apartment someone please help with some ideas as to what to do?

After studying various investments I believe that 80% of being a successful investor is good money management. You certainly have the discipline.

Real estate gives you the best risk to reward ratio. You can leverage your $20,000 cash and buy several units to rent out. You can manage properties yourself or hire a property manager. Read a few books on real estate investing. The investment will produce money three ways. 1 - monthly cash flow. 2 - net worth grows as loans are paid off by the rental money. 3 - tax write offs on the loan interest will be realized in less money you have to give to Uncle Sam. You should expect a total return of 40-60%.

Put it into a ETF (Exhange Traded Fund). With an ETF you can buy a mix of Funds, such as Treasuries, The Dow Index, gold or whatever. I'd recommend sticking with a stock index, You would be buying near the bottom so your risk isn't that great.

You have got to be one of the most frugal persons I have ever had the pleasure to converse with.

There are a lot worse places to put ones money than in MCD stock. Do they have an employee stock purchase program? If so join up. But for heaven's sake do not put more than a small portion into MCD stock--not over 10-15%. Certainly, a certain portion should be placed in a CD or a money market account for unexpected expenses. Who knows the supermarket might have a sale on oat meal and you might want to take advantage. Most frugal breakfast food I know of. Maybe $3000 into the money market or CD. Now for the rest. The stock market is currently down considerably and it is certainly a better time to invest in equities than any time for the past 9 months. A good equity mutual fund would be a good place for a portion maybe $5,000 now and $5,000 in another 6 months. Actually, you might even consider a monthly direct investment of so much each month. Some to consider are funds by T Rowe Price, Vanguard, and Fidelity.

Put it in a money market account - which is basically just a savings account which pays you more interest. You'll get a nice amount of interest and unlike a CD - you can access it without any penalties.

I would put some in a CD...if you really work at MCD you may find they have a stock dividend reinvestment plan that would give you a decent return. I use Charles Schwab to invest, many offices around country.

Some stock values to investigate (IMHO) GE, PFE, ENB, EMC

Definitely put it in a CD or some sort of investment!! Even if you only get a little extra cash out of it, it's at least something and its safer than at your apartment!! You could also consider putting it into stocks, but thats a little bit riskier.

you can invest in TIPS, which are inflation adjusted tbills, so your return would be closer to 5%. and if inflation goes up, so will your return!

there are CDs out there that offer more than 2-3% returns. You just have to be in them for more than one year.

Check into a stock index fund that has low management fees and a high mornginstar.com rating.

you may also want to check into highly rated corporate debt.

you worked hard for your money - i'm shocked at $20K in savings from working at mcdonald's. congratulations. you worked hard...don't blow the money on a bad investment. know your risk tolerance, but make sure to diversify if you start getting into individual securities. don't invest in mcdonal's....it's a natural risk to invest in the company you work for b/c if the company does poorly, you can lose your job and lose value in your company stock.

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