2006-10-11 03:49:18 · 3 answers · asked by nailedinsidemyhead82 1 in Business & Finance ➔ Investing
It all depends on your personal situation. Can you afford to do without the money? If so, check into several avenues; real estate, stocks/bonds/mutual funds and CD's.
You also need to watch the economic climate. For example; now the real estate market is cooling in many areas, some are experiencing a downward trend, while others are holding steady. If you live in a place that is going down, you may be able to pick up a good piece of real estate for a good price. But timing is everything.
I suggest you read Suze Orman's book "The Road to Wealth" has information on everything I mentioned. Whatever you decide, do your homework and check things out carefully before you invest.
2006-10-11 03:59:21 · answer #1 · answered by MadforMAC 7 · 0⤊ 0⤋
Start by opening a brokerage account and invest it in FBALX or OAKBX or Vanguard Wellington. From there go find some good books to read and see if you want to take on more risk to get more gains. It's all about being able to sleep at night.
2006-10-11 04:32:17 · answer #2 · answered by roger_v_kint 3 · 0⤊ 0⤋
A "developing markets" mutual fund might do you for the next six months. Good luck.
2006-10-11 11:34:00 · answer #3 · answered by Anonymous · 0⤊ 0⤋