I have 40K dollar cash saving at this moment...what things I can do with this savings to earn exta monthly?

Answer 1

If you want to be very safe, buy CDs or open an ING or Emigrant direct account to earn 4.4-5.5% APY.

Buy some mutual funds if you can tolerate more risk.

Or, you could buy some cheap properties and rent them out. Being a landlord can be a PITA though.

Answer 2

You need to look at the whole picture.

First always fund your tax deferred accounts first. This money will grow with out tax consequences until you take it out. This is a gift from your government, so make sure you start there. Where you invest depends somewhat on your age. In tax deferred accounts the younger you are, the more equities you can affford to own. If you are getting older you will want to be more conservative in your investment. Remember you also NEED A BALANCE investment. Do not stick $40K in one stock. Remember Enron? No one thought that company was going to fold, just six month previously to its last days. THAN DO A LOT of research. Decide you comfort level in investing. If you are young and do not mind risk you can be someone more liberal in your choice. If you don't understand the market start with a balance Fund. The easiest and most tax efficient outside of a deferred tax account will be a INDEX fund. If all money is outside a deferred account I would hold out some moeny, at least equal to 3-6 money living expenses in a short term CD.
I you really don't understand the market, and do not have time to learn, you may want to park all the money in a safe investment (such as a CD) until you get a basic knowledge markets, economic principals, taxes, etc. The library is filled with excellent books on investments.

Next: Do you own a home? If not that may be a good time to start. Home ownership offers a great investment for most people. There are great tax benefits to home ownership. Single and don't need a home. Why not get one and rent a room to a friend or relative. Let them help you pay your mortgage while you sit on this investment and let the equity grow. Depending on the area of the country (or world) it is good long time investment, since you need to live somewhere anyhow.

Answer 3

A 401K is a long term, retirement system. The longer you keep money in a "savings account" the more you lose (over time) against inflation.

Stocks are the best long term answer. There's more short term risk... but the history of the stock market suggests that you'll beat inflation and actually grow your money.

Stock Mutual Funds are a good answer (and perhaps the only answer for a 401K). Learn "asset alloction". It's the most important thing you can do. READ... READ... READ...

For now a good choice might be an S&P500 Index Fund. But really... the best way to attck this is with a good "asset allocation" plan.

Good luck!

BTW: I also invest in Forex (FX.. Foreign Currency's). This is one of the worst ideas for you right now. Wait about 5 years as you learn investing before you even consider it. I have less than 1% of my asset allocation in FX. 90% of those people that try FX lose all their money. Of those that make money.... they lose 40% (or more) of all their trades.

Answer 4

Bond & stock investments do not have to be speculative. In a bank at 4% (actual rate does not matter) with 25% tax or so leaves you 3%. True inflation above that so losing purchasing power which is how it always works with "savings". Must get out of banks. Forget this "monthly", touchy-feely stuff which guarantees failure. Some gold (IAU). Some Reits (SNH). Some global exposure (EAF). A dood close-end fund (ADX) Together a solid portfolio is far less risky & more rewarding then anything in a bank.

Answer 5

If you decide to invest in the stock market, the first thing you should do is study what the best traders are buying and selling. This is the idea behind the site http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas.

Here are this month's best traders:

http://www.top10traders.com/Top10Standings.aspx

Good luck!

Answer 6

INVEST IN MINI FOREIGN EXCHANGE TRADING

I would like to suggest investing in mini foreign exchange trading ( mini fx ). Mini fx gives you more leveraged and more staying power in the markets.

If you are new to the world of mini fx trading visit www.fxcm.com . Forex Capital Markets LLC is a Futures Commission Merchant ( FCM ) registered with the Commodity Futures Trading Commission ( CFTC ) and the National Futures Association ( NFA ). In this website you find a lot of resources on learning more knowledge in foreign currency trading and how to make more money at the same time. What i like the most on the website is the King of the Mini Contest. In this contest the customers that makes the highest percentage of profit in a single month wins a cash prize of USD2500. Look at the results and trading record for the winner of the contest for the month of October 2006. An investor in China won the prize by making USD4000 in one month from his initial investment of only USD1000. Remarkable and achievable with proper trading knowledge.

Take the first step in trading foreign exchange by opening a free demo account with Forex Capital Markets LLC.

www.fxcm.com

Answer 7

You are a fantastic saver! There are several ways to invest it for higher returns. Let me start on a jovial note that you could give me a part of it in exchange for a miracle prayer to multiply it geometrically within a month! Other lesser ways include:
- fixed-term savings deposit (this attracts a higher interest)
- speculative investments in gold, bonds, shares, currency, etc.
- small equipment leasing services
- starting a small biz, expanding an existing one, or diversifying into another biz line.

Note, however, that nothing is risk-free.

Answer 8

If you want some help I can direct you to the firm I work for. It's a financial firm and they are called Primerica and we can answer any questions you might have. Call Roy at 630 368-1888 and tell him Pat told you to call him.

Answer 9

Invest in precious metals like gold, silver, copper & bronze and then sell them off when the price of such metals rises.

Answer 10

Click on http://www.4xmoneytrain.com

You will see how you can earn a substantial income monthly.