What should a 30yr old do with 50k?

Question

re-train? Invest? Deposit on property? Buy a business? Use it to secure a loan to invest? etc

Answer 1

Secure any short term debts, If you qualify max out or begin a ROTH IRA if you haven't already(4000 in a low fee large cap growth mutual fund or index fund), keep about 5000 in a high yield money market fund or account(difference is a fund may offer more yield but is not FDIC insured but an account is), if your company offers a 401k program MAX OUT your contribution, 401k=Free money towards your retirement... and don't be afraid to use a little for entertainment.. If you have over 10k left, talk to a Financial Consultant about opening a brokerage account and invest in a low expense moderate risk/return mutual fund to try and get the most out of your money with out as much volatile risks

Answer 2

Hmm...wish I was asking that question first of all put half of the money in a savings account or a CD with a high Interest rate so without any work your money would be "making money" every month! Other half I would divide it into another half one half for you and other half for those needy kids, orphans or schools or even your family who is in need - May be a retirement fund towards your parents - After all they did take care of you ever since you were born or where it can be useful...and with your half luxarate yourself for doing good deeds for others. (About investing - not everybody is lucky to make money in investing so do a lot of studying before you invest into ANYTHING - there are a lot of fakers these days one minute you got money other minute - it's history!)

Anyways good luck!!

Answer 3

YOu can put it ina charity in my name:)

Or you can look at your current debt load and decide which accounts you are currently paying the most interest on. Here's some simple math to make it worth your while. If you can earn 10% on the $$ and you have debts charging 11% then your money won't be worth anything. The best thing to do is pay off the debts charging more than your money is worth and invest the rest. Tough to say and explain in text but hope you will understand.

Answer 4

Property investment is always a good one. But only if you can do without the money for a while.

Answer 5

At 30 years old, you should have at least $15,000 saved up for emergency purposes (LIQUID --> money-market earning no less than 5% interest).

Another $20,000 should be in your retirement fund already. I am assuming you already have one.

The remaining $15,000 should be handled based on YOUR long-term goals. You might want to complete a value circle at the Oprah debt diet web site and determine what values matter to you most. This will help you decide how to manage that remaining $15K.

Hope this helps.

Answer 6

there's no such thing as "risk-free" investment. as far as investment is concerned, surely there is 1)default risk, the risk of the company failing to pay up, 2) inflation risk, the risk of not earning enough to cover up the inflation. there're some other risks not mentioned, but know that these 2 risks are found in all investments.

Answer 7

You should put your money to work for you. I know of company were you can invest and see 50-90% returns with no risk to your initial investment. If you are serious; e-mail me: [e-mail]
I will send you there link so you can check it out for yourself or you can contact them yourself.

Answer 8

Invest it read some useful investing tips and more on this site to help you

Answer 9

Set a little aside for some R&R. Life can be too short.

Answer 10

Bricks and mortar all ways