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2006-06-22 19:41:43 · 17 answers · asked by The Apprentice 1 in Business & Finance Investing

17 answers

The best way for you to invest depends on a lot of things.

First, if you don't have an emergency fund worth 3-6 months of expenses, establish one first, maybe in a money market fund so you can get at it in an emergency. It won't pay back much, but it's better than having to borrow money in an emergency and getting into debt over your head.

Next, if you haven't done the 401(k) thing and the IRA thing, do it. Tax-free or taxed deferred savings are good.

Finally, if you've already done all those things and still have $19,300 left to invest, there's still more stuff to think about. Long term, stocks will grow faster than anything else, but can be very risky short term. They're a terrific investment if you're young and have a long time line. If you're older, you have to think more about safer investments, because you don't have as much time to recover from a downturn in the market.

Anyway, there is no "best" way to invest a sum of money. What's best depends on a lot of different circumstances. If you really want a good investment, go buy a book on investing so you can decide what makes sense for you. Sure, you could give your money to a financial advisor but how do you know he's not just in it for the fees and commissions he charges you? How do you know his advice is any good? You need at least a foundation so you can make an informed decision. Personally, I like "The Only Investing Guide You'll Ever Need" by Andrew Tobias. It'll give you the basics. Good luck.

2006-06-28 17:36:50 · answer #1 · answered by VinTek 7 · 2 2

First you should learn about investing. You can start at the source below. That way you won't need to waste money on financial advisors.

Since you are asking about investing, I assume the rest of your financial house is in order (emergency fund, no high interest debt, sustainable budget, maxed-out Roth IRA, matched 401k, etc).

You can either start your own business, or invest in someone else's:
* High risk -- individual stocks
* Medium risk -- ETFs (or mutual funds for which you can't find equivalent ETFs)
* No risk -- T-Bills.

Diversification reduces risk (potential losses and returns).

Do not waste your time with savings accounts, MMFs, or CDs, the current rates are not that great.

2006-06-23 03:51:23 · answer #2 · answered by teehee 3 · 0 0

I suggest you to open a brokerage and margin account at Scottrade and invest in the Stock Market with the help of a Financial Advisor.

Top 3 Answerer in Business & Finance. (Vote for me)

2006-06-23 03:14:45 · answer #3 · answered by Anonymous · 0 0

Hi,

I am the Pres. of a Pre-paid Legal Services provider company in the Philippines. Iam presently looking for investors due to our expansion program.

I can give you a 2.5% interest income a month PLUS the option to operate your own Prepaid Legal Marketing office in your area at no cost to you. (That's additonal high income opportunity fotr you)

Interested, email me at delaramaprepaidlegal@yahoo.com

Charles

2006-06-25 05:52:18 · answer #4 · answered by charlie d belmonte 1 · 0 0

A CD or Savings account At ING DIRECT.com Savings 4.25% APY or a CD with the same ranging from 5.00% to 5.25% depending on how long u choose

2006-06-23 07:28:18 · answer #5 · answered by Jd 3 · 0 0

there are question to be asked?????
It depends where you live,,,,if you are living in low cost state like NE verses CA then I would recommend put down payment for a house or apartment....
If you are living in CA. then Mutual funds or ETF funds are the best way to go..... Yahoo finance section for Mutual funds and ETF funds give you lots of decent information .....
Good Luck to you..........

2006-06-23 02:58:50 · answer #6 · answered by ebjbear 3 · 0 0

Down payment on a house.

If you have a house pay 19,000 of it off

spend $300 on yourselfs

2006-06-23 02:52:02 · answer #7 · answered by Dee 4 · 0 0

depend on your talent

have you paid off your credit card?
no sense to invest in return that are lower then your credit card expense
set aside money for Emery

2006-06-23 02:47:18 · answer #8 · answered by n K 4 · 0 0

CD account or mutual funds are a way to go.

2006-06-23 02:49:36 · answer #9 · answered by And the answer is...... 1 · 0 0

Invest it in stocks and bonds....or even put it into a cd account...you don't have to put it all...just put some...so you can make more money....
:o)

2006-06-23 02:47:50 · answer #10 · answered by Kristy 2 · 0 0

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