 What's the best way to safely invest in $6000? |
| I was given $6000 by someone to help for a down payment on a house. I'm in a good living situation right now but eventually want to move into my own house (maybe in 3 years). What would be the ... |
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 I wish to invest $2000. what is my best bet for the best return? stocks? forex? futures? CDs? mutual funds? |
| i am currently a college student, and wish to invest my hard earned $2000 in something worthwhile. i have already tried forex and have lost about $1500. right now, i am so unsure of what to invest. i ... |
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 What would u do If u made 350 $ per month and u were single and 24? |
| I m 24 years old and I ve been earning 350 $ per month for abou 4 years since I was 20. I wonder what changes I can bring to my life with this money..life is so ... |
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 Where should I invest my money? |
| I have recently joined my job my monthly salary is 20000 and my expenditure is 2000 what should I do of remainig money,... |
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 WAL-MART why does it seem a lot of unsophisticated people frequently shop there? (read details) OPINIONS? |
| What I mean is if you stand there a lot of them seem mentally challenged. I heard there was a study and 1 in 5 people that go to Wal-Mart don't even have a bank account! OPINIONS?... |
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 How should I invest my money as an undeducated 25 year old? |
| So before you give me an answer I'll give you a little bit of background. I'm a 25 year old who has been investing through a broker for the past 4 years. I want to take more control and ... |
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 How would you recommend I invest $40,000? |
| what would be best, CD's stocks,IRA's?... |
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 The easiest way to earn money EXCEPT jobs? |
I just want to do something that will get me a lot of money other than jobs, mainly because a job is not an option. I just want to save and get a lot of money somehow...
Additional Details<... |
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 How can i become wealthy? |
| I am 18 and, I am really big on saving and investing.... |
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 If you had $20,000 to invest in, which company would you invest in? |
| Would you invest it all in one company, or spread it in various companies?... |
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flamboyant | I have just inherited $396,000... How should I invest? |
I need some good advise on how to invest ALL of this money. I'm looking for awnsers from brokers, sucsessful investors, etc. |
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Kiker
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You have a substantial amount of money and YOU DO NOT WANT TO MAKE A MISTAKE. I will make my answer here relatively general, because no one can offer any sound advise without the whole picture.
1) You should look into a Financial Advisor. They do not have to be a CFP. A CFP is not a federally recognized license. It is an association license, which means the people involved take these tests, get licensed and are now able to charge higher fees..even though their investment strategies never changed. Look for several before committing.
How to pick one: Number one, don't be fooled by the big name companies. You want an introductory meeting where they are talking about your goals, objectives and needs. Discussing what money means to you and what you want to do with your life and how you want to life in retirement. Never should products be offered to you on the first meeting. If that is the case, they are just trying to drill you into a hole and are looking are dollar signs and not a client-advisor relationship. The second meeting will discuss where you are, and maybe some products, which is okay. Ultimately you want the third meeting to have at least two, preferrably three, strategies laid out for you. Remember, this is your money and you are the boss. You should never have anything less that a sense that you are 100% in control AT ALL TIMES. Essentially you are the CEO of your life, and they are APPLYING for the position as your CFO. That should never, ever change.
2) Remember diversification. This keeps you investments properly timed like a well tuned Formula One racecar. Never sacrifice this for some idiots idea of a sure win investment or a half-baked portfolio arrangement.
3) Tell your Advisor you want regular QUARTERLY meetings to go over the health and vitality of your portfolio. Tell them you want to be THOROUGHLY educated in how everything is allocated, why it is allocated and how you can learn to do this yourself.
4) Keep LOCATION in mind as well as ALLOCATION. Where your investments are distributed is important to mitigate risk while maximizing growth, but you want to take advantage of tax savings too. If you already paid your taxes on this inheritance, why would you dump some of it into a tax-deferred plan, only to pay taxes later. (I actually saw someone get screwed by this. I can't believe I actually have to mention it though. Needless to say that Advisor is no longer in the business.)
I hope this helps. Remember, really learn from them how they are developing your portfolio, cause that knowledge can be passed on to your kids and it can be something that builds generational wealth! Good luck! |
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farfel
 |
aside from what each of us likes to invest in (like gold, commodities, emerging markets, currencies, etc.), i agree with the comment that education is the best investment; otherwise, you wouldn't know *why* you are investing.
you have the luxury of making an extra $1600/mo at the very least, doing nothing besides letting the money sit in a current savings account. then just take your time researching your investment options... |
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HH@20
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Contact the Financial Planning Assoc at fpanet.org
Find a CFP who works on an hourly basis located in you area. Preferably find 3 people to visit and compare them and choose the one with whom you feel most comfortable. |
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Jerrold J
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The BEST thing you can use that money for is to INVEST in your education on how to manage money. Most people spend thier lives working for money and never learn how to make money work for them. Since you got these funds thru no skill or work of your own then the risk of you making a bad disicion and losing it is VERY high. Most lottery winners are in WORSE financial shape ten years after they win then the day before they won.
I would HIGHLY recommend that you put 99% of the money in a savings account, a CD, anywhere BUT an "investment" for atleast 6 months and spend 1% of it and the 6 months doing research and building a team of advisors to help you manage it. You need PROFESSIONAL help with tax issues, accounting issues, investment issues and it will take atleast 6 months to find people like accountants, lawyers, investment advisors, etc. that you can work with and trust to give you the best shot on get your "investments' back AND getting a return on your investments. |
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bizzbagg
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i would read the following books first. they have helped me a bunch.
1)the intelligent investor
2)security analysis
they cover stocks and fixed income investments. i would learn to do your own research so you are not counting on somebody elses decisions. |
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smac20
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Contact a number of financial advisors and interview them for your best choice. The main thing you need is someone your feel confident working with. I work with an advisor in Canada that is registered in the US and he has helped me greatly. Currently, the best opportunities I can see are in Uranium and Natural Gas where I think there are some major turnarounds coming.
Just make sure you diversify your account with a portion in bonds, stocks, cash. The amounts will depend upon your risk preferences. I for example am 25 so I have a long term view of the market and can take greater risks than someone who is 55 looking to retire in 5 years.
Even if you just need some ideas about a good advisor take a look at this website: http://www.andrewjohns.ca here you will see what investment advisors on the cutting edge can provide for you. I used to use an advisor that strickly worked on phones, but met my new advisor and love the fact that I can get updates via email and login to my account online to check my performance whenever I like. |
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goldenlizzy04
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The Bank of Goldenlizzy is now open!!!! lol
Congratulations! |
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piet lul
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invest it, or donate it to the church. |
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jordanthegreatest
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Being a successful investor myself i would say the stock market is a great place for it. I am using http://goldenbullstocks.com check them out you will be impressed! And do your own research. |
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zeppelin0890
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buy a big peice of land in are area that is growing in devenlopment and then sell it in a few year when people are making housing developments....thats happening in my area and land values have skyrocketed |
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Nick
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It's a buyer's Real Estate Market right now. Buy a house (or two) flip them and then sell them in about a year when the market bounces back. If it is in a booming area that's even better. Don't forget to put away for retirement though. Good luck! |
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stockman
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Just keep it basic. Open an account at Schwab, Fidelity, Scottrade ect. Place the funds in a money market and dollar cost average into 4 or 5 mutual funds over a two year period. |
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Curious George
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First, before you do anything else, decide what your goals and objectives are for this money. I'd recommend you make a list of the top 3-5 things that are important for you financially right now in your life (retirement, educating children or grandchildren, down payment on a dream home, buy a new car, take a cruise, start a business, whatever. Categorize these goals as either short term (1-3 years), intermediate term (4-10 years), or long term (10+ years). Then write those 3-5 goals down on a piece of paper, being specific to the time and financial amount needed to achieve that goal. For example, "I will retire in 10 years with the equivalent of $75,000 in household income in 2007." You must go through this self discovery, along with taking an inventory of your other financial assets, before you can even begin to determine what investments you should make with your inheritance. Finally, ask for recommendations of financial advisors from two or three people that you trust. Meet with the referred advisors and select the one you with which you feel most comfortable. Fee or commission based? It should not make a difference. If the advisor would like to have you as a client long term, his or her recommendations will be what is best for you, not what will pay him or her the most commission. Best wishes to you. |
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Wayne P
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Right now cash is King.
The more you have the less risk you need to take.
You can afford to invest in a good savings account at your local bank.
If you have to scratch, invest in an ETF with consistent performance.
Wait for the general market conditions to improve.
That way you control risk by diversifying, and avoiding market risk.
You also avoid paying the commissions that can drain off your profits in frequent trading.
You can further diversify by picking ETF's that invest in different sectors. |
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Kyle B
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If you rent, buy a home to call your own, assuming you can afford the property taxes and everything. Consider buying investment property. Otherwise, there's the stock market. |
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Question Mark
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I'm 25 and I've been my own investment advisor for the past few years, and am certainly pleased with my stock investment decisions. My answer is, diversify your investments. You can invest in real estates and in the stock market. But whatever you do, make sure you know the downside to it. As useful as it is to hire someone to make investment decisions for you, at the end of the day, it's your money, so, you'll need to know where and why you're putting your money. I have focussed exclusively in the stock market as I have no idea of the real estate markets. This is a good buying opportunity, given that you don't buy any US financial sector companies at this point because of the subprime problems. |
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drzdenizen
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I would buy a triplex, live in one and rent the other 2 out, just to have a decent income without the need of holding a job.
or
I would think about buying a franchise. |
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Frank Castle
 |
Open a brokerage account at Fidelity and I will help you for FREE. (I am a Portfolio Manager with over a decade of experience in the Stock Markets)
Check my reputation. (See below) |
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blackheart_1349
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sAVE MOST PUT THE REST IN STOCK THAT IS WORTH SOMETHING OR THAT EVERYONE NEEDS. |
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boxer 1
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Gold gold gold |
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