What would be the best way to invest my money?

Answer 1

Dolev & Mike K are one the right track. To ask "which is the best way to invest my money" is like asking "which is the best occupation for me".

Many will answer this questions with answers like "IRA, stocks, CD's, mutual funds", etc. But you must realize that those kinds of answers are applicable to the person answering them. If you asked them the questions "what should my career choice be?", they could answer banker, stewardess, waitress, accountant, etc. Those may be fine for the people that like those careers, but they may be way off base for what you would like to do.

The best investment for you is one that suits your temperment, goals and "values" (for lack of a better word).

Each person is different, therefore, there are different investments that would suit your needs/personality. When choosing the right investment for you, you must answer 3 questions:

1) What are your income requirements? In other words, how much money do you want to make? Do you want to earn 10% a year, 20%? Do you want $1 million, $5 million, etc?

2) What are your time horizons? When do you want this money by? By retirement age, by the time you're 55 yrs .old, etc.

3) What are your risk tolerance levels? How much of a risk taker are you? Can you take risks or does that thought of losing money scare you?

When you answer these 3 questions, it will give you an idea of what investments would suit your needs and personality/investing style.

For example, the way I answer the questions are as follows:

1) I want maximum profitability. When I trade, I want at least a 100% return on funds invested.

2) I want to be in a trade for 2-4 days, but not much more than about 3 weeks.

3) I have a very high risk tolerance leve.

These answers are a bit oversimplistic, but you get the idea. But, based on the answers above, trading derivatives and fx were perfect for me. When I trade, on average, I'll return about 200% per trade. Plus, my trades tend to be relatively short term. And I indeed have a very high risk tolerance level. I remember one time, I lost about $4,000 on a trade in the Swiss Franc. To me, it was just money - and that's part of the game. You win some, you lose some.

My advice is to find a good Financial Planner that won't tell you what is best for you, but will explore you needs and personality and then will direct you towards investments that meet your criteria.

If you are a high risk taker, investing in CD's is going to bore you. If you are very conservative, trading crude oil futures will leave you with hypertension and heart attacks. Find what suits your needs/personality and you will be happy with your investments.

Answer 2

You need to decide on a few important issues first.
A. How risky are you - what % loss can you withstand before you want your money pulled.
B. How long will the money be invested? Usually the longer you have it invested for (at first ) the riskier you could be.
C. What is the purpose of the investment? If it's for retirement, look into a Roth, If for education look into a 529, etc...

Answer 3

You could give it to me for investment. I am great with money.

Answer 4

That's a huge question with no details. Go to www.crown.org and they offer the resources you need for the amount you have to invest. It's excellent and Christian-based, no ripoffs. Good luck!

Answer 5

Gosh ...where do I start.
Try here :

http://www.webaward.org/winners_detail.asp?yr=all&award_level=best&category=Investment

And here

http://www.nightingale.com/tAE_Article~A~BestInvestment~i~6.asp

There are so many questions you should ask yourself first ;

What kind of an investor I am >?
What am I trying to achieve ?
Will I need this money soon ?
And so on .

Best advice : Go to a proffessional money manager ( try :
www.crediteducation.org/page.php?pagename=volunteer_program

It's a HUGE field !

Best of luck.

Answer 6

most proftiable way would be to put in a bank in a middle eastern country, most give up to 30% interest. However, this is a bit risky not because it's the middle east but because your not there to check up on your account.

Answer 7

build a factory in an emerging country.

Answer 8

the first step would be to stop wearing low cut shirts.

then open up a bank account.

Answer 9

to give it to some guy on the street for safe keeping.


in responce to below - love the low cut shirt!