2006-09-24 02:33:20 · 30 answers · asked by cheri_adele 2 in Business & Finance ➔ Investing
Contributing to retirement fund but it's small. And not a home owner.
2006-09-24 02:35:48 · update #1
How would you invest it? Give me details, exactly... please.
2006-09-24 02:37:51 · update #2
I don't know your full situation i.e.
Your job, how secure is it? At what age can you retire?
If you had to pay taxes on the money?
If your married? How many kids you have?
When you talk to someone if they are any good these and other questions they will ask to guide you in the right direction.
A general question like this can only be answered generally therefore it would be wise to call a certified financial planner and give all the specifics to get the best answer.
Otherwise put it in a short term Certificate of Deposit in the best interest paying institution/bank you get from the Sunday papers until you can figure out what it is you truly want to do with the money.
If you still don't have a direction. Roll it over into another short term Certificate of Deposit until you do. No hurry money can only make you money.
2006-09-24 03:31:40 · answer #1 · answered by bartallgrownup 1 · 0⤊ 0⤋
Go to your bank and ask to see the investment person, they can advise you on investments, you can put it into a safe investment with a smaller growth potential, you cant loose any money, or you can put it into a investment with some risk, the interest is higher but you can loose your investment, I personally would choose the no risk option, you have at least 15 years until retirement, and 100.000 is not enough to retire comfortably "with no worries"
secure your future before you get generous or before you start playing.
2006-09-24 02:54:41 · answer #2 · answered by jlinder_1 1 · 0⤊ 0⤋
I would invest some and perhaps splurge on a vacation.
Unlike some answers, $100,000 at the age of 50 is no where near enough money to retire.
Even if you only make $20,000 a year, that is only 5 years of salary. What do you do when your money runs out at 55????
2006-09-24 02:36:58 · answer #3 · answered by Mr. G 6 · 0⤊ 0⤋
That is not a lot of money and even invested it would not return a great amount. A safe place would be for me. The money marker is okay and other guaranteed item like that. I am a bunch older than that and do have that much put away to have peace of mind in case something major comes along. Something like severe illness or natural disaster.
2006-09-24 02:56:54 · answer #4 · answered by Anonymous · 0⤊ 0⤋
First, I would get it in cash and roll naked in it. Then I would take a nice vacation. Something involving tropical beaches and rum drinks, maybe a cruise. The rest would go in the bank, probably in CDs. I wouldn't invest in stocks because I'm risk adverse and would die from worry about my investments. Oh, before the vacation I would give 10% to my church because I'm so broke now I feel guilty about not having anything for the collection.
2006-09-24 02:48:04 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Assuming you have zero dept including your home, create an emergency fund with three to six months expenses, just in case something happens to you or your spouse and you lose your income, or just in case the car needs serious repair, the stove dies ect. Invest the remainder in good growth stock mutual funds. In fifteen years or so when you get ready to retire you wil be able to do so comfortably and not have to worry about trying to get by on social security. Dont blow it!! you'll be sorry later.
2006-09-24 02:42:03 · answer #6 · answered by clayton c 1 · 0⤊ 0⤋
on the exterior I could believe the different responders. pay off the credit card debt then tear them up. yet actual the appropriate answer may well be greater complicated than that. in case you pay off the credit card debt and then turn around and rack up greater debt on the credit enjoying cards, you haven't any longer something to coach on your problems. regrettably, many people fall into that catch. can no longer help spending the money they have not got. Now in case you place the money right into a Roth IRA account, that money is going to be particularly perplexing to get to sooner or later and is greater veritably secure from being spent. In different words it is an investment on your destiny. the disadvantage is which you will nevertheless have that miserably credit card debt racking up activity at a value it is plenty bigger than you could assume to get carry of on any investment you additionally could make on your IRA account.
2016-12-12 14:03:07 · answer #7 · answered by ? 4 · 0⤊ 0⤋
You may not be a home owner, but if you have 100k, you should become one soon. If you buy a house and rent it out, it will provide you with an additional level of income for the duration. Buy the house, rent it out and you will be able to retain the equity and still draw money off of it. There are managing companies that will help you handle the whole thing if you do not want to fool with it. Buy it, rent it out for ten years and then if you want sell it for what then would probably be 125K
2006-09-24 02:48:00 · answer #8 · answered by pigment 1 · 0⤊ 0⤋
I would put 3/4 of it in a Tax Free Guilt or ISA(With Easy Access and No penalties)
Then with the rest I would have a Long Vacation!
2006-09-24 02:36:37 · answer #9 · answered by J. Charles 6 · 0⤊ 0⤋
Consider starting a small business.A cart or kiosk at the mall has great potential for profit and low overhead.Sell silver jewelry or T-shirts.You can triple your investment in a year, with no sweat.
2006-09-24 02:43:43 · answer #10 · answered by hott.dawg™ 6 · 0⤊ 0⤋