i'm getting alot of $$$. what should i do with it?

Answer 1

Hire me as your investment strategist. I only charge commission on profitable trades. It is a bear market so bare with me and make a alot of money.

Answer 2

Forget what everyone is saying about giving them the $$. I would say, go make more money with that $$. Then you can start doing what you want. Personally, I would give some to charity and causes I believe in once I have started making more money from the money I am getting. To make more money, I would say invest in assets that give you a return on your investment of 10+%. Anything less, I would say, put you moeny in the bank. I would have a business, that generates cash as well. And forget those asking you to have them invest the money for you. If I were in your shoes, my first questions to them would be, 1. Who are your top 10 wealthiest clients? 2. See their entire porfolio which they plan to offer you. But personally, I would not invest with any of them. They get paid a commission on your $$ so how wealthy are they? They are also asking you to give them your money and they will do the rest. Do you know what they do or how your money will be invested? The problem with most people is that they give someone their money and hope they become rich. It will never happen, because there is no one who has a greater stake in your money than you!
So the steps I would recommend - Find assets that generate double digit returns and invest in them - they could be businesses, real estate, investments, stocks, bonds, etc. to name a few. They use that moeny to invest in more revenue generating assets. Give some to chartiy and causes you believe in. You keep this up and you will have more money a year from now than you currently have. Good luck and best wishes.

Answer 3

I'd recommend investing your money in a no load S&P 500 index fund or exchange traded fund. That way you can invest in stocks (which historically have outperformed other asset classes over the long run) without taking the risk of investing in individual companies.

The mutual fund company vanguard has a well known S&P 500 index fund (go to www.vanguard.com) or you could open a brokerage account and buy stock in an ETF like the iShares fund (IVV). So you know an S&P 500 fund will include stock in the 500 largest companies in the US. Funds may also have minimum purchase requirements or charge you annual fees if you invest less than a few thousand dollars.

Answer 4

Pretty broad question. How much is a lot? What is your age? What are your goals. I advise my clients to really consider what your main goal is. Do you like risky investements, do you understand them. Do not pay a broker, or finacial planner to manage your money. You can do it very well with some education. General rule of thumb: Take your age (example 55) and make sure that 55% of your assets are 100% safe and growing at a good safe, credible rate. The rest can be invested in Mutual funds, stocks, real estate. Make sure to keep a money market/CD account that you can access for you "mad money". Allow your investments to grow, and if you need a monthly income so that you can retire, etc. make sure to do that with the interest your safe money generates. Let me know if you need a contact in your state.

Answer 5

Nice problem to have, but complex question...First, anyone giving you advice without taking a complete financial and personal inventory on you, is doing you a disservice. There are tax considerations, trust/estate and inheritance concerns, risk tolerance levels, age consideration, personal wants and preferences and more investment vehicles today than ever.
1. Open the Yellow Pages, and call the top 5 brokerage firms. Ask them what their money market fund rates are. This is similar to a checking account that pays interest, usually only available at brokerage firms. Open a money market account. You will be issued checks and a debit card to access your funds. They are extremely safe and liquid...a good place to "park" cash. Don't get involved with a broker yet...tell them thank you, they will try and advise you. I like Merrill Lynch or AG Edwards for what it's worth?
2. Find a good CPA (certified public accountant), preferably one that is a Certified Financial Planner also, and meet with he, she, them ASAP. If you have money, you're going to need one anyway. Bring them 5 years tax records, a current financial statement and a list of income and liabilities. Ask them questions...many...particularly what kind of tax consequences this event will trigger - you are paying for their time, so get your money's worth. Also, ask them the name of a good Financial Consultant (Stockbroker) they do business with and trust.
3. Back to the cash....depending on the amount of your new found wealth, if it's sizable...6 figures+, ask for your CPA and Financial Consultant to meet with you collectively...you'll get immediate, crystal clear answers to your questions and concerns. If you're not in that bracket; hell, ask them anyway.
4. A "balanced" investment portfolio is essential....all the advice in the world cannot replace your gut feelings about the advice you're getting...check the people out, ask for references...stay clear of most insurance policies and annuities. Take a class at a local college in Investing 101...it's your money...
In parting, I'm a Lawyer who worked on Wall Street for many years. You can really get innovative and very complex with investments: Real Estate Private Placements, IPO's, bonds, equities, futures, commodities, options, REIT's, etc., etc., or do your own thing...a new biz, real estate? There are no easy answers and the possibilities are endless. If you have any ques.s, email me at: [e-mail]. HAPPY HUNTING! ROB

Answer 6

Invest in High Yield International Accounts.

Answer 7

Hi,
India is the epicenter of business at the moment. More and more US companies are investing in india. Open up some manufacturing unit in india keeping your sales market in US and replicate your $$$. Some of the businesses are Call center, Web design and development, BPO, or any product manufacturing. If interested we can talk more through yahoo messenger. My yahoo id is [e-mail]

Regards,
Rickey

Answer 8

Go change the world for the better by investing in Solar companies. Then you'll make a fortune and you'll have made a difference.

Or go invest in Income Trusts so that money is making money each month...

http://www.nabloid.com

Answer 9

Ask friends and family if they know of a reputable financial advisor and get some real advice. Don't rely upon what you're getting here as most if not all the folks in here aren't qualified to give financial advice. PEACE!

Answer 10

No matter what anyone tells you, real estate is your safest and most profitable investment. People will always need a place to live. Ask Suzie she'll set you straight.