2006-06-23 08:11:57 · 6 answers · asked by sindaddy_2000 1 in Business & Finance ➔ Investing
Invest in real estate. Buy properties that have multiple units. Rent them out and have constant income.
2006-06-23 08:24:19 · answer #1 · answered by Thor 5 · 0⤊ 1⤋
I'm turning 31 this year and I'm investing in something different. I decided to get out of the usual stocks and mutual funds after taking a beating in the last month. I lost about 15% of my IRA value. So I did some research and found something I liked. In fact, I liked it so much I decided to work in that industry. You can invest your money in Life Settlements.
How it works in a nutshell:
Some people over the age of 70 decide to cash in their life insurance policies for one reason or another. They get a small cash value from the life insurance company... OR they can sell it on a secondary market for more money. Brokers and companies buy these policies and then turn around and sell them to investors. What you are basically buying is beneficiary rights. So when the policy 'matures' (when the insured passes away) you get paid. Industry averages are about 100% to 150% return on your original investment. The only thing is, you won't know exactly how long before your payout is. So let's say your policy takes 4 years to mature, that's an 25% return per year (on a fixed 100% total return). Not bad eh?
If you are interested, please feel free to contact me. The website for the company that I work with is listed below.
2006-06-23 15:28:44 · answer #2 · answered by Sugarbear 3 · 0⤊ 1⤋
Stock Market.
Top 3 Answerer in Business & Finance. (Vote for me)
2006-06-23 17:00:11 · answer #3 · answered by Anonymous · 0⤊ 1⤋
no mutual funds are bad.
go for bonds, they are the least risky
or stocks if you know what you're doing
2006-06-23 15:15:31 · answer #4 · answered by Rachel 3 · 0⤊ 1⤋
mutual funds and annuities
2006-06-23 15:14:29 · answer #5 · answered by Anonymous · 0⤊ 1⤋
dividend paying stocks!!
2006-06-23 15:15:57 · answer #6 · answered by Conservative 5 · 0⤊ 1⤋