I want to open my own business (was planning on writing a business plan or two this year)..
or maybe buy a house and rent it out..?
Invest in ETFs or Mutual Funds?
I dunno. Money Market Savings?
2006-08-16 20:11:05 · 14 answers · asked by MM 5 in Business & Finance ➔ Investing
How about someone with a serious answer. I really would like some advice.
2006-08-16 20:17:46 · update #1
Why is real estate always a good investment? (I hate when people make unqualified remarks)
2006-08-16 20:18:38 · update #2
buy a house a condo? Where????
2006-08-16 20:19:54 · update #3
Are you kidding me "kittyrogers" .. 10K is a downtown payment on a house in Austin TX, or Raleigh NC. If you knew anything about business, you'd know that you can start a business with leadership, a good idea and no money. Take your drama and CYA.
2006-08-16 20:40:01 · update #4
you must be crazy im not investing my money in india. lol.
2006-08-16 20:58:16 · update #5
find a good stock broker that will not require a minimum investment and does not charge outrageous commissions. find a stock thats $1-$3 a share and put a thousand dollars down. mess around and get a good lead on a penny stock and you can ****** bubble.
etfs and mutual funds requires a lot of patience, years at a time, good to put down a portion of that fetty in it maybe about 45 percent of it. and put 2 g'z down on a cool stock. make sure you do your due diligence research on it tho. cuz thats a thousand dolla bet you dig? there is going to be a lot of stock pumpin out there so be careful.
in terms of starting your own business, go for it! **** it mayne, start off small. **** thats a cool as tax break right there. you can write off your gas, mileage, cell phone bill, all that good ****. and you will immediately increase your monthly cash flow cuz your not getting taxed as much.
**** it mayne, if your a youngsta, go for the gusto mayne, start off small and slowly upgrade. there are many ways in multiplyin your fetty. and its definitely in stock investing, real estate investing and business ownership. good luck, keep grinding
2006-08-16 20:33:30 · answer #1 · answered by primoleone1 1 · 1⤊ 0⤋
The rude person who pointed out that 13K isn't very much had a point, but you can invest it wisely, nonetheless. One way to invest in real estate with that amount is with a REIT - a real estate investment trust (mutual fund). The special thing about those is that they don't react directly to stock values and interest rates, so they're more stable. Money Markets get such low interest, a CD would be better. But Mutual Funds are best for return and liquidity. Do some research at morningstar.com -it's THE place to get ratings on funds. Or pick up financial magazines at the library. They'll also have ratings and tips. And DO look for no-loads; there's nothing like saving money where you can.
2006-08-17 03:51:51 · answer #2 · answered by galaxiquestar 4 · 2⤊ 0⤋
If you are considering opening your own business, I would find a high yielding money market account and stay there until you want to use the funds. Your short time frame makes it hard to invest in stocks and real estate. If you do a yahoo or google search on " money market funds best", you get several good possibilites of high rate funds available. Good luck!
2006-08-17 08:27:44 · answer #3 · answered by perdidobums 5 · 2⤊ 0⤋
Put it in savings bonds, you can then deposit them in the bank which you may want to open an account for your business and draft a loan using them as collateral against the loan. Property is not a good quick turn investment if you are wanting to start a company fairly soon. Or you could buy property and use it for collateral. Either would be feasible, talk to your banker and ask him/her what they think would be best for short term. Best of luck in your endeavors, business plan and future company.
2006-08-17 03:23:30 · answer #4 · answered by Big Daddy 4 · 2⤊ 0⤋
SAVE IT.
sounds like you've already went to school....so no need to spend it on education. If you truely want to spend it then buy a house and rent it out. =) that way you'll get more....
2006-08-17 03:17:29 · answer #5 · answered by What!? No Way!? 4 · 1⤊ 0⤋
Buy a bunch of Trac phones from Wal-marts in Michigan and sell them in Texas for $5 more. I hear there's a lot of money in it.
2006-08-17 03:15:11 · answer #6 · answered by Anonymous · 0⤊ 2⤋
Real Estate is the best investment.
Why not buy a Condominium?
2006-08-17 03:19:09 · answer #7 · answered by fatsausage 7 · 2⤊ 1⤋
Kindly check
http://architarhit.blogspot.com
2006-08-17 03:57:05 · answer #8 · answered by Radhika 1 · 0⤊ 2⤋
Muni bonds.
I Corinthians 13;8a, Love never fails!!!!!
2006-08-17 04:51:23 · answer #9 · answered by ? 7 · 0⤊ 1⤋
I don't want the full
Give me half please
I am very poor
I can give you 50% money back
2006-08-17 03:19:12 · answer #10 · answered by Sandu 1 · 1⤊ 2⤋