2006-07-02 09:37:23 · 15 answers · asked by Anonymous in Business & Finance ➔ Investing
bumb up up a 401k social security wont be here long
2006-07-02 09:39:50 · answer #1 · answered by Joe 5 · 0⤊ 1⤋
Interest rates on short term CDs (certificates of deposit) are hovering around 5% or more. You could place the money in a 6-9 month CD and earn 5% interest while you get a good book on investing. That way, you earn more interest than a plain savings account, your money is only tied up for a few months, and you learn about other investment opportunities. A win/win situation. Good luck!
2006-07-02 09:45:39 · answer #2 · answered by songbird 6 · 0⤊ 0⤋
I would suggest an ETF. An ETF is a low cost way to diversify your invest dollars with VERY low costs. Go to Yahoo Finance to learn more. I'd suggest you'd invest in something broad like an S&P 500 or Russell 200 fund.
2006-07-02 09:40:28 · answer #3 · answered by CSEZONOV 1 · 0⤊ 0⤋
You are going to get one helluva lot of different responses. The bottom line is how much risk are you willing to take.
If you are not a risk-taker, invest the money in a safe t-bill or a bond. The amount of money you will get will be guarnteed. It will also be fiixed.
If you are willing to take risks, look into a stock. I am not sure which one, if I was I would not be doing this right now.
Good Luck.
TFTP.
2006-07-02 09:43:22 · answer #4 · answered by Anonymous · 0⤊ 0⤋
depends how long you want to tie it up. Cititbank has an e-account with 5% interest, keeps your funds available. Other choices are short-term CD's, look for high interest rates. Long term would be a variable annuity but you cant touch that till you are 59 1/2. Check our bankrate.com. If you want something that has a risk but potentially more income then look into mutual funds. Talk to a banker.
2006-07-02 09:43:46 · answer #5 · answered by charlie 2 · 0⤊ 0⤋
I suggest you to open a brokerage account at TD Ameritrade and invest in the Stock Market with the help of a Financial Advisor.
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2006-07-03 11:39:47 · answer #6 · answered by Anonymous · 0⤊ 0⤋
in all threat no longer. you need to look into no load mutual money and the bond industry. Silver and gold are ok for now yet achieving the best. effective element approximately bullion is that despite if the fee drops in case you carry onto it long adequate this is going to come again up-meanwhile you have have been given a effective doorstop. As for shares-if the agency is going abdomen up-you have have been given a effective piece of paper you could write your grocery record on. Diversify-do no longer unload all your money in one place.
2016-11-01 02:36:06 · answer #7 · answered by ? 4 · 0⤊ 0⤋
Invest in a day trip to Atlantic City.
1 spin of the wheel....bet on black.
2006-07-02 09:51:56 · answer #8 · answered by Beerman 1 · 0⤊ 0⤋
Make sure you know the particular business opportunity and make sure you investigate this opportunity because there are a lot of scams over the internet. I am a victim of wanting to start my own business.
2006-07-02 09:49:46 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Pay off debt, credit cards and auto loans, if you have any. Contribute to your compay retirement plan if you have one. Open an IRA, in that order.
2006-07-02 09:55:26 · answer #10 · answered by jeff410 7 · 0⤊ 0⤋