2006-10-09 07:42:28 · 7 answers · asked by joseg13 2 in Business & Finance ➔ Investing
There are investments and there are speculations. Buying land with the hopes that a shopping center goes in nearby and increases the value of your property is speculating. Buying land to build a shopping center is an investment. Buying stocks because you hope they will go up and you can make a quick buck is speculation. Buying stock in a company that you appreciate and in this way want to be part of, that is investment.
Want an easy investment? Try Exchange Traded Funds (ETFs) like DIA (Diamonds, the Dow Jones Industrials), or QQQ (NASDAQ composite), or NY (Ishares, New York Stock Exchange 100 top capitalized companies), or IOO (Ishares S&P 100 Global companies, the biggest of the big around the world). These are sort of like mutual funds, but with a very low operating cost. The thing about buying a lump of the biggest companies is--"How did they get to be biggest and what keeps them there?"
Those are general and easy choices while you shop for specific things that light your fire. Want to get into rebuilding homes in New Orleans? Try KBH (http://money.cnn.com/magazines/fortune/fortune_archive/2006/04/03/8372982/index.htm ). Want to buy into a future gold mine? Try LBTS (no mine, just mining claims, but its cheap). Want to buy into a retail chain that sells cool but classy clothes to women (maybe your wife, perhaps?--get back a piece of that she drops off)? Try CWTR. So look around at what interests you, or what interests a lot of people who have money to spend or buy things.
2006-10-09 08:20:04 · answer #1 · answered by Rabbit 7 · 1⤊ 0⤋
It depends on how much money you have, and how long you can afford to "Lock it up" Depending where you live, Land or housing is usualy a good investment. If you don't have a lot of money, but can afford to do with out it for a few years, look at investing in mutual funds. Check the past performance on a fund before investing to get an idea of how well it's mananged, and what you expected return MIGHT be.
2006-10-09 14:52:38 · answer #2 · answered by Tom S 3 · 0⤊ 0⤋
Real Estate is the best investment. Look at your area is it growing and moving upward. If now look for an area that is. You don't want you money sitting too long in a property, 3 - 4 years tops. Buy a home low and rent it out. Let the renters pay your mortgage. Screen renters well. Sit back and watch your nest egg grow.
2006-10-09 15:26:54 · answer #3 · answered by Nevada Pokerqueen 6 · 0⤊ 0⤋
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2006-10-09 20:59:08 · answer #4 · answered by stock.geek 2 · 0⤊ 0⤋
Real estate is always a good investment.
2006-10-09 14:50:23 · answer #5 · answered by Blue Eyes 4 · 0⤊ 0⤋
Start with a balanced fund then do your own research and reading to see if you want to take on more risk than that. Good balanced funds = Vanguard Star, or FBALX or OAKBX.
2006-10-09 14:51:37 · answer #6 · answered by roger_v_kint 3 · 0⤊ 0⤋
Depends on what you define "good" as. If "good" means "safe" you can buy US Savings bonds for as little as $25 each.
If "good" means risky but lots of fun for as little as $50, you can try Prosper.com and earn as much as 29% via person-to-person lending. If you want more information, join my group at:
http://www.prosper.com/public/groups/group_home.aspx?group_short_name=TheQuiversArrows
2006-10-09 17:38:42 · answer #7 · answered by Anonymous · 0⤊ 0⤋