Sir J
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I would put it in solid growth stock mutual fund and a solid international fund. I'd recommend Vanguard or Fidelity. Look for a fund with a 5 year track record and no load. If you want specific fund recommendations, e-mail me. |
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Diane D
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Since this is money that you will need over the next few years, do NOT invest in the stock market. If you want to have about 1/4 of the amount each year for 4 years, or 1/8 of the amount each year for 8 years, then divide the money and put it into CDs that mature each year. |
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copperhead87
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Give it to a money manager |
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yeeooow
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In 2006, you can put $5000 in a Roth or regular IRA. You need to decide based on your income. For a younger person, I would lean to a Roth, but not knowing your financial situation I can’t really say.
The market has been very volatile lately, and the reasons for it are still in effect. I think your best bet is put all your money in CD’s for the next 6 to 9 months. Putting some in 3 month, some in 6 months and some in 9 month CD’s. Then I would spend my time really learning about mutual funds and ETF’s. When it come times to take your money out of CD’s I would invest in high dividend funds and If you really need the money to live on, try to live on the dividends only. It takes a long time for the average person to save $40,000, it would be a shame to spend it on living expenses. |
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tiburon04tough
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first take 1000 bucks invest in Wal-Mart stock than take the remaining 39,000 bucks and give it to me so i can go to wal-mart and help grow your stock... |
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onelonevoice
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Either a long term CD that will allow you to skim the interest or triple tax free bonds that pay non taxed money |
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Rachel A
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IRA |
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miguel d
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Invest in technology or even better BioFuel. (Ethanol) Its' goin to be huge in the next while. |
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ashley c
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invest in ge stock |
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teenriodoll
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Your question has a multitude of answers. But the best place for money is in income producing real property. Rather than paying $4,200 a year or $16,800 in four years. Owning a duplex by putting a small amount of the money as a down payment would give you tax deductions and income from the other house.
Zero Coupon Bonds would also be a good investment for about $7,000 and they could mature in five years when you are graduating. Once you are good at that, try investing in real estate notes. They follow the same principles are real estate but you are not the owner just the bank. You can buy a small note $10,000 for $5,000 to $8,000 and set-up a nice income stream while you are in school. Have good insurance on the houses you own and get a flood insurance policy if you are in a flood plain.
Good Luck |
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Me and my shadow
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Trade in crude oil or gold. |
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panti-slave2006
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if this cash is just "rattling around" in your checking or savings account at your local credit union, it WILL be counted as an asset and WILL affect your eligibility for educational grants...it MAY affect your elgibility for student loans...
also, if you sell the house for more than your original basis, you will have capital gains taxes if the gain exceeds a certain threshold...contact the IRS at their 1-800 help line for advice and specifics regarding the thresholds for capital gains |
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Joseph
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Since I assume you are pretty young - stock market historically is the best vehicle to get best long term results.
I suggest just put them in S&P500 mutual fund, or just buy QQQQ stock ticker, which follows the NASDAQ index. |
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Frank Castle
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I suggest you to open a brokerage account at TD Ameritrade and invest in the Stock Market with the help of a Portfolio Manager like myself.
Drop me a line if you need more detailed FREE information.
Top 4 Answerer in Business & Finance. (Vote for me) |
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Superstar
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Put as much as you can in an IRA. That generally isn't considered by the Financial Aid Office. You need to find out if the $40,000 will be considered as an asset by the college you attend. If so, by a new car, cars aren't counted as assets.Invest 20% of what's left over in a Vanguard S & P 500 index fund, the rest keep liquid in a T-bill or money market fund. Always have at least $2,000 in your checking account. Eliminates worry over bouncing checks. |
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acmeraven
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Safest and wisest thing to do would be buy an annuity that will pay you a fixed monthly income for a set number of years. Include a couple years after you plan on finishing college as you may not get a job right away. |
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psd1941
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If you have faith in Indian developing markets, keep $ 1000 with you for incidental expenses and send $39000 to me for investment in various instruments in India making arrangement for withdrawal for your monthly needs till you may be graduating. If you like my idea, email me, for further delebrations and making appropriate arrangements for investment, at:
psd1941@yahoo.co.uk |
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cristanine
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I can't tell you what to do with your money only a financial adviser for best results, but I will say this. 12 years ago I invested money in Suntrust stock when it was 18.2 and now it is 75.3. Food for thought. |
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Just Me
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Get a financial adviser. |
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Matt G
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Wow, I really don't think you'll have too much to invest. With rent of $350, thats $4,200 of your money a year so that has to stay liquid...in the bank. What about food? Transportation? Tuition? Books? Cost of anything else? $40k is not alot. Put $20k in a 6 month 5% CD. Not much else I can tell you to do without knowing the particulars. |
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intellijuan
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Invest in a chinese factory of electronics, no tax, no nothing. You get your profit, sell on line, or go forex out side of USA, in a Hong Kong office, you will make money too.
I do that for a living. |
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