I have sold my house but with my new earnings I have no idea what to do with this extra money. I'm absolutely clueless when it comes to investments and whatever I decide to dump my money into I'm looking for a fast return on my investment. Suggestions?
2006-09-14 18:29:52 · 18 answers · asked by kimchee_boi 3 in Business & Finance ➔ Renting & Real Estate
You don't want something you have to supervise closely because your interests lie elsewhere. EVERYONE is looking for a fast return on his/her investment, but in a fair market (and today's markets are quite fair because of electronic trading), basically the return is proportional to the risk you're willing to take.
My best advice to you is to invest your 15k in shares of a mutual fund that invests in selected business in the Asia-Pacific area. These economies are pretty solid now, but stil growing at a good clip. If you want less risk, you can go with a fund that contains a basket of euro-denominated securities. The euro is strong and stable and likely to remain so, but your appreciation (profit) will be less.
Please remember that NO investment is a savings account! No matter what you buy, there's always the chance it will go up in smoke (sometimes literally) and you will lose your boodle. Good luck.
2006-09-14 18:45:16 · answer #1 · answered by arag0rn111 2 · 0⤊ 0⤋
There are a lot of sharks out there. So, it is better to read up some books before you start.
1. Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor by John Bogle.
2. The Essays of Warren Buffett : Lessons for Corporate America by Warren E. Buffett
Warren Buffett got rich by investing. John Bogle is founder of Vanguard mutual funds family. Can't go wrong with this two.
Meanwhile, CDs are paying nice interests. Some are over 5%, which are better than bonds..
Good luck!
2006-09-14 20:11:33 · answer #2 · answered by Price is what you pay for value. 3 · 0⤊ 0⤋
well, ditching the concept of fast returns would be your first wise decision. Forget you ever got the money, invest it in market indexed mutual funds, and let it ride..............if you have a tax shelter established of course. 15k is NOT enough to really enter into any sort of real estate venture persay, which is where the greatest amount of return is most likely to be achieved without snags. However, with a standard return averaging around 10-14% annually for the overall stock market, letting 15k ride partially on the sure thing, and partially in riskier investments might allow you to enter into the real estate arena within 7-10 years.
2006-09-14 18:46:31 · answer #3 · answered by stimpy 2 · 0⤊ 0⤋
Well, you can do a lot of things. If you are not knowledgable on how the invest in the stock market, i would not suggest you doing something. If you are just going to sit on it, might at well in investing in treasury bills (assuming that you are rist adverse). I would just go on a vacation, have fun and travel the world.
2006-09-14 18:38:51 · answer #4 · answered by confused1832 2 · 0⤊ 0⤋
If you want to be safe and not worry about your investment just invest it in a 6 month CD but compare banks as they offer different rates. This gives you 6 months to think about what to do with your spare cash.
2006-09-14 18:38:48 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I just came here because I knew there'd be several people who would say, "You could give it to me." And to those people I'd like to say: You should be ashamed of yourselves.
This money is the product of this man's effort. It belongs to him completely and it would be immoral of him to just give it away. Charity doesn't help anyone, but just working hard at what you're good at makes the world run efficiently and provides enough for everyone.
It's the exact opposite of what you've been taught by your religion of non-values. Begging and thievery is how wild animals live. Human beings on the other hand found a way to live together peacefully: fair trade.
2006-09-14 18:47:52 · answer #6 · answered by Anonymous · 0⤊ 1⤋
About two hours ago you could have sold short the Euro against the US Dollar an now had made about $3,000. This leveraging $1,000,000 with $10,000 of your money and giving yourself a $5,000 Margin. You could have gambled and made more, but, I would not have recommended it.
2006-09-14 18:44:29 · answer #7 · answered by Snaglefritz 7 · 0⤊ 0⤋
Well, i wish i had such luxery problem. I wont repate the same
"give it to me" but i would say, enjoy your today's life but dont forget tomorrow....
and, if you still dont know what to do with it "THAN GIVE IT TO ME I HAVE SOME GREAT IDEAS"... lol
good luck...
ps,
do something that you can be proud of yourself and not ashamed!!!
i am sure there are some poor families around you...
2006-09-14 18:43:39 · answer #8 · answered by Gadget G 1 · 0⤊ 1⤋
Go 2 or 3 weeks on a travel to Europe.
I can't think in a more valuable use.
2006-09-14 18:42:03 · answer #9 · answered by Lost. at. Sea. 7 · 0⤊ 0⤋
Yeah, Invest It Into a western union/moneygram to me!
2006-09-14 18:32:05 · answer #10 · answered by Lone Ranja™ 3 · 1⤊ 1⤋