What would be a good way to invest $60,000?

Question

CD's, stocks, bonds? How do I go about getting a good financial advisor?

Answer 1

The best way to invest your money can be found at http://www.4xmoneytrain.com
You determine your own rate of return and you do not need a financial adviser because a revolutionary software tells you exactly what to do.
My account from 12th October 2006 to 7th December 2006 has grown from $10,000.00 to $17,146.65.

Answer 2

Rather than invest in an institution where you dont know what happens to your money including how much goes on administration charges, perhaps a BES investment might suit you. You can invest either into a fund, there are 4 of them in Ireland or directly into a company if you know one which looking for investment. Either way, I know you could do enough research to get familiar with the promoters involved and suss out how risky the investment is. One of the main attractions is that you get tax relief in the year you are investing so for example if you invested say 30,000 and your marginal tax rate is 30% then you will get a refund of 9,000 back from the revenue. If you invested say in a fund which was well spread across a number of companies then you probably have a good chance of your capital also being returned after the 5 year term. That would be a return of 6% per annum (30% divided by 5 years) which is well above deposit rates. Hope that helps.

Answer 3

Best Way To Invest 60000

Answer 4

Most people make that mistake and hire a financial adviser. Dont do it they cost to much. I have been investing for 40yrs. If you have $60,000 their are a few things you can do. 1 make sure you have 6 months cash on hand just in case something goes wrong. 2 If you don't know anything about investing stay away from stocks. 3 Your best bet is to invest in a no load Mutual Fund. Vanguard is very good call them they will give you all the information on their funds. Put cash into the Prime Money market fund it pays about 5.05 to 5.10 % dividend, you get a check book with that so you can write a check for $250 or more no cost for this. Then you can go into The Equity Income Fund it is a good one reinvest all div and cap gains. The Wellington Fund is a good balanced fund it invest in 65% stock 30% bonds and 5% cash. Also go into the stock index fund.So we have 4 funds put 25% in each and you will be well diversified and have cash on hand if you need it.

Answer 5

There are many good investments where you don't have to pay any fees and you don't have to leave your money in for any period of time. Go into your bank and ask about no-load mutual funds. They are a good type of investment for beginners. The money people put into mutual funds is combined with other investors and invested in stocks and/or bonds by professional investment managers. You can make good returns and get your money out at any time.

Answer 6

Diversify it, Split it between Stocks, Bonds, CD's, talk to your local Edward Jones Advisor.

Answer 7

Hi, i suggest a great site with plenty of Issues related to your Investing and everything around it. it also provide clear and accurate answer to many common questions.

http://investing.sitesled.com/

I am sure that you can get your answers in this website.

Good Luck and Best Wishes!

Answer 8

I think you should go to www.daveramsey.com and check out his list of financial advisors under "Endorsed Local Providers".

Dave Ramsey generally recommends paying all your debts, having 3-6 months' expenses in an emergency fund, then retirement.

Good Luck

Answer 9

Depend's upon your specific situation. Contact BBB for a list of CPA's in your area, interviewing them to find the best person for you, would be wise.
Since, I am a REALTOR, my favorite investment is; sound real estate income property, if you would like to derive an income from your investment. Otherwise, real estate for speculation.

Answer 10

this depends on your age - if you are young and working invest in stocks and remember to diversify - Vanguard has no fees and has many mutual funds that have both stock and bond funds - as the stock market goes down the bonds go up and visa versa. Ask your friends whom they have as financial advisors - but I don't use them - if they were any good they would not be working as advisors cause they would be millionaires!