 Been workin in the gobi desert for 9 months, on return to UK my mate sold me his bradford & bingley ,,,,,, ? |
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 What would be something good to invest in if you only have 1k? |
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 Stock market? |
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| I'm 14, but I'm going to talk to my grandma about opening an account on Etrade...that will be mine to control and manage...but I need to know one good stock to invest in at first...I don... |
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SO...does ... |
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 I want to invest!!? |
| Okay, I really want to start investing my money into stocks or bonds, but I am pretty clueless about that stuff. Does anyone know of a really really good website that can help guide me into ... |
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pyles_m | What business would you start if you had $250,000 in order to make millions?? |
I have been wonderfully blessed in a mysterious way. I was granted a half a million dollars but half must go toward school (plus grad.) I'm graduating this May.
I would love not to invest the rest in frivolous things but rather start a business. I was thinking about majoring in Finance and Business Management then going into real estate (yeah big buck I know). I really wanted to be a doctor (and I still could but kinda still wanted to major in business as opposed to biochemistry). I would start my own unique business but have very little ideas. I could open up a fancy restaurant. I have also been extremely interested in ministry and this could allow me to start a church. The only problem with that is that I wouldn't want to be too focused on making money and have my view clouded. I never been a corporate america type and I think that I might have problems getting connections and knowing the right people (reserved type, a little shy).
What should I do??? |
 |
 
Greg R
 |
Well this is what i would do. I would invest my $250,000 into a mutual fund with a professional manager. I would invest it into American Funds Capital Income Builder Class A. Investing in a Mutual Funds means you are owning stocks and bonds and having a professional manager to decide when to overweight international stock or domestic. If you invested $250,000 20 years ago you would have $2,518,613. In just 20 years.
I know your thinking I want to chase my dream. If I were you and I loved real estate or investing I would join up with a Century 21 or a other firm to get experience after school and then if I was doing so well you some of my mutual fund money to start my own practice. Investing your money in the stock market is how people get rich. If you got 1 more double on that money you would have 5 million dollars. Granted it would be 30 years but you would be rich.
The difference between successful people and non successful people is that the successful people have the money to take advantage of economic opportunities with they come about and unsuccessful people do not. They are the ones who say if I had the money i would do this.
So sit tight put your money to work for you. Start your career without it and then when you are ready to go for your dream you will have the capital behind you. |
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Jeff
 |
With $250,000, you'll only be opening a small business.
Remember, that won't buy a house in a lot of places.
Don't give back the other $250,000. Spend your time in grad school, and put the first $250,000 in the stock market during that time.
Have you considered opening up a bowling alley? |
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Supra1Q
 |
Remember, I think the average person today ends up having 6-7 different careers, let alone job changes within a career.... I would watch "The Big Idea" on CNBC, which is inspiring.....I would also keep your money safe until you determine you are really passionate about something and go for it....you might even work with someone who can be part of your success team or work for someone successful to gain experience and then go off on your own. I wouldn't rush into anything, but I would set your sights high for whatever you feel passionate about and give it your all, and remember, no matter what you do, you get back out what you put in, in one way or another..... |
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Shawn B
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I would go with either real estate or I'd start a clothes hanger factory. There's only one other major clothes hanger factory in the world |
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Jess Q
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For startups and new businesses, I would recommend
http://www.angelbusinessloans.com |
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TRE
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I wouldn't suggest real estate not right now anyway the market is terrible. Wildlife filmaking and photography i heard there's good money in that, Or advertising, or Law but you also have to think about wether or not is worth the money to do something your not passionate about. If you really want to be a doctor start your own practice. Doctors make good money too. |
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The Man!!!! reincarnated
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Start an escort service for all the "right" reasons. |
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