There is really no *BEST* way... there are always opportunities for the taking once you develop an eye for it!
*Real Estate (flipping, renting, speculation, land development, REITs)
*Equities (Stocks, options, *MANY* different strategies there!)
*Debt Instruments ( Bonds, Bills, Signature Loans, Secured Loans, Tax Liens)
*Business (I can't even begin to describe the opportunites here!)
As you can see, pick something, and make it work for you. Learn as much as you can and you'll begin to see the opportunities soon enough once you get the bug! Just make sure that you are comfortable with a few numbers... and that you really know how to find out if you've made or lost money. A lot of people don't know... really!
You could start by reading "Rich Dad, Poor Dad", or join the Motley Fools forums (www.fool.com) Those are what I recommend to my friends who are just beginning.... That and open a high-interest savings account. If you're not willing to take their free money, you are not willing to make your own!
"Your business' success is not defined by how busy you are, but by your bottom line."
--My father-in-law
2006-08-28 18:41:13
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answer #1
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answered by Quick2Answer 3
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Well, at one time I would have said I'd invest it in some crackpot idea in the stock market...you know, like people years ago investing in IBM, AT&T, and other companies back when they were new and seemed like an idea flop...and suddenly those people are millionaires. But, no more. Not with the way our economy is going. True, people no longer trusting our stock market and pulling their money is part of the problem, but I don't plan to purposely let my money go down the drain! I work with people who requested that their 401 k money be invested for them...whether the brokers were shifty, or the market is just that unstable doesn't matter...what matters is that now none of them have any retirement savings left and have to wait until our next rollover before they can have their investment put into stable market accounts. For me, I'd play it safe and invest it somewhere worthwhile...a money market account or CD, or a higher interest savings account if I could find it. I'd put ten of it there, and ten into my daughter's college savings plan so that I was investing in her future too.
2016-03-17 04:00:27
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answer #2
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answered by Anonymous
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A simple philosphy is be creative with you money. Real Estate is the only way to invest where you can control your destiny. Stocks, Bonds and other types of investments leave the investor little to no control of their destiny. Find positive cash flow rental properties that use a system of principal reduction and can be paid off in 7-10 years. They are out there, you just need to look. Stay away from the market and control your own money.
2006-08-28 18:25:12
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answer #3
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answered by Elle 2
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T-Bills. US Gov't Treasury Bonds. Especially if you plan to send someone to college, as the gains are tax exempt when used to pay for college tuition. Hey, if the country is going to be in debt, it might as well be in debt to you. You can't lose. Unless of course, the US goes bankrupt, in which case we might have a lot bigger things to worry about than losing out on an investment.
2006-08-28 18:19:44
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answer #4
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answered by Shanshan 2
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when economy is ready gong bad
consumer Staple/non-cyiclicle
healthcare
Defensive/insulated from consumer spending
like going to doctor no matter economy bad or good
food, or medicine, colgate.
But you need to learn how to invest the right way
Yes you could learn invest by yourself. it is your money, you should know how to do with it. for starter check this site out.
http://www.pathtoinvesting.org/index_fla...
http://www.stockcharts.com
http://www.streettalklive.com>... university. a lot amount of information. It will serve you well
I accumulate in good amount in 401k at the young age.I could share with you. when consider invest in stock market. you should consider basic 3 things:
fundamental analysis==(economic data,finincial health, management, business model, competetion)>>what to buy
technical analysis==(chart+indicator)>> when to buy
Sentiment/schycho analysis==>>mood of investor, Contrarian point of view.
Market cycle===>> check out book Trader Almanac by jeff hirsch will give you inside stuff
When you combine 3 thing, It is one of the powerful knowledge goinh with you for the rest of your live
At the age of 32. my 401k is amassed 73,000.00 and 30000.00 in taxble account. by follow simple rule
2006-08-28 18:15:35
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answer #5
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answered by Hoa N 6
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Index funds, particularly Fidelity Spartan index funds. Vanguard has some good ones too.
2006-08-29 12:54:15
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answer #6
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answered by rainfingers 4
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Property, Property, Property..
it NEVER fails to be a good investment.
2006-08-28 18:12:24
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answer #7
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answered by oneblondepilgrim 6
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read tips on investing and stocks that will help you on this site
2006-08-28 18:23:58
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answer #8
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answered by Anonymous
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If you like to do currency trading then and visit internet then go to http://net-new.blogspot.com/ and search for your investment.
2006-08-28 18:11:19
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answer #9
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answered by netnew 7
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myself, i've made a ton in mining stocks, buying gold coins and silver coins in rare or high grades as they keep going up and i put alot of money in actual silver bullion.
2006-08-28 18:09:54
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answer #10
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answered by hollywood71@verizon.net 5
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