If you had $200k to invest, what would you do with it? would you hire a financial advisor or do your own research to buy stocks/funds/real estate etc. Is it worth to hire a financial advisor for this kind of money.
2006-10-27 09:19:41 · 8 answers · asked by jay j 4 in Business & Finance ➔ Investing
If I were "just" (as if I had more than that) investing $200,000, I would probably try to find a franchise business (The Wall Street Journal spoke well of a carpet store chain) or start a restaurant (as if my town needed yet another eatery). It isn't a big enough sum to buy or build houses and apartments or farms and ranches of any consequence. It is too small to do my own investing in stocks and certainly not bonds, except as something on the side of my 'day job'. But I wouldn't pass it up if you are giving out checks.
I told my wife once that I always dreamed of having a clock shop. Since I usually don't pay much attention to time, she laughed. Yeah, the restaurant is too fattening and I don't know beans about floors and rugs. Clock shop it is.
2006-10-27 09:32:28 · answer #1 · answered by Rabbit 7 · 0⤊ 0⤋
Take 2-4% of ur $ and get an education via books on the subjects ur interested in eg. stockmarkt, real estate, then join a group with similar interests eg. trendsetters 4 sharemrkt, www.propertyinvesting.com and then if u STILL r not sure wot 2 do with UR $ then seek the advice of an advisor. Its beta 2 spend a small amount on an education than 2 pay 4 information that u maynot understand and leave ur financial future in the hands of sum1 who maynot hav ur best interests in mind. Unless u know an advisor with an open mind who is not tryn 2 push his/her companies ideas of "best buys" ur gonna spend ur time n $ finding "the right 1". Even doctors can make the wrong diagnosis. Sorry advisors n docs, nothin personnal.
2006-11-03 22:04:57 · answer #2 · answered by MJR 5 · 0⤊ 0⤋
Take some of the money and do what this website will have you do. You could make a nice chunk of change. And it would be cheaper than your financial advisor and you would always be right. www.freedominforex.com
2006-10-29 22:22:56 · answer #3 · answered by Blanston 2 · 0⤊ 0⤋
Unless I am an expert myself, i woulf surely take the guidance before investing such money. .....because investing is very easy!, but getting the return is the tricky part....a professional help is surely worth it.
2006-11-02 11:22:14 · answer #4 · answered by Vijay God Loves U 4 · 1⤊ 0⤋
I would put some into bank CD's,some in an annuity,some in a money market fund,so you can get money without paying for a withdrawal fee. spread it out. don't put all of your eggs in one basket.
2006-11-04 16:12:10 · answer #5 · answered by Tired Old Man 7 · 0⤊ 0⤋
i'd hire an advisor first then do what he says.
2006-10-27 16:27:56 · answer #6 · answered by ichigo_li2 3 · 0⤊ 0⤋
its not that much--put it into a solid growth fund--anyone at any bank or financial consultant through any banking est can help set you up with that
2006-10-27 16:27:34 · answer #7 · answered by darkangel1111 5 · 0⤊ 1⤋
ya i think its very-verybig amount,so first think for security of this and then investment.
2006-10-27 16:28:33 · answer #8 · answered by Anonymous · 0⤊ 0⤋