2006-10-13 13:57:31 · 9 answers · asked by Random Guy 2 in Business & Finance ➔ Investing
no..i dont want to buy a house bcoz my new job requires traveling a lot...
2006-10-13 14:16:18 · update #1
Most people consider two basic factors with investing...risk vs liquidity. Meaning how much risk are you comfortable with and how soon will you need the money. Its taken for granted that you want to make money. You can research some basic investing info on www.bankrate.com.
Most things I have read recommend keeping a highly liquid savings account of 3-6 months of income for expenses and emergencies. Most recommendations include investing as much as you can afford and is allowable into your company 401k or IRA especially if they offer any matching contributions.
After that the recommendations tend to gravitate towards how much risk you can live with and how much time you want to devote to learning about and managing your investments.
Safe investments that are very liquid include money market accounts, many of which offer APY interest rates over 5%. Less liquid but still safe are CD's also returning around 5%. These can be "laddered".
After that the "safe" forms of stock investments involve dollar cost averaging where you are consistently buying more shares of stock over time, sometimes high, sometimes low which averages out the overall purchase price the more purchases you make.
The other issue with stock purchases is diversification such as investing in an index fund or mutual fund which spreads the investment over many stocks as opposed to buying only one stock.
So, savings account/money market account, 401k or IRA, CD's and mutual funds or index funds will provide you with a pretty good balance of high liquidity, low risk and good returns without having to devote a lot of time and energy learning about and managing your portfolio.
2006-10-13 19:12:32 · answer #1 · answered by Jim 3 · 0⤊ 0⤋
$40,000 into a TRADITIONAL IRA over time.
$40,000 into multiple CD's for various terms and amounts.
Invest the remaining amount into an employer's 401K with 60% stocks and 40% cash and bonds. If you're in your 40s or 50s flip those percentages around.
Or invest it in mutual funds outside of your employer and take care to choose NO LOAD funds.
Realize nothing is "safe". Sitting on it now, doing nothing, is a loss. Invest wisely.
Best wishes,
pup
2006-10-13 16:20:20 · answer #2 · answered by . 6 · 0⤊ 0⤋
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2016-10-02 06:53:02 · answer #3 · answered by ? 4 · 0⤊ 0⤋
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2006-10-14 02:39:56 · answer #4 · answered by stock.geek 2 · 0⤊ 0⤋
Pay off bills, buy a house, put it in CD's and bank money markets.
2006-10-13 14:18:14 · answer #5 · answered by jeff410 7 · 0⤊ 0⤋
Buy a house. You don't have to live in it, rent it out.
It will appreciate in value over the years and you'll have someone else pay off the loan for you.
2006-10-13 15:50:46 · answer #6 · answered by TonyB 6 · 0⤊ 1⤋
keep your money in an offshore account in a country which offers high interest rates
2006-10-14 10:22:32 · answer #7 · answered by Anonymous · 0⤊ 1⤋
Do you have a house?
2006-10-13 14:11:11 · answer #8 · answered by Anonymous · 0⤊ 1⤋
buy property
2006-10-13 14:00:01 · answer #9 · answered by Anonymous · 0⤊ 0⤋