How to invest 10,ooo.oo?

Question

Just received a settlement and want to invest the cash for 10-20 years....what are my best options?

Answer 1

I started with about 10,000 and now have a lot more. This is how I went about it:

3000 - In a stock that is an industry leader and pays a dividend. In a stock that you've researched. In my case, it was Nokia (NOK)

2000 - In a Certificate of Deposit (often called a CD) from a bank in your area. They earn about 5.5 - 6% interest a year. This is a safe play that vitually guarantees you a good way to earn money.

3000 - In a stock you know, like or follow. Investing in companies you know are great because you know how they make money and future products that lead to bigger earnings. In my case, it was Carnival Cruise (CCL).

I reccomend Nidec (NJ) right now or Ebay (Ebay). Both are solid companies with great balance sheets.

1000 - Keep in cash for reserves. Buy yourself or boyfriend/girlfriend something nice.

1000 - Pay something off like a credit card.

Note: If you have 10k and a lot of debt in the beginning, I would go about paying down the debt first. Pay off the balances with the highest interest first.

Good luck and Happy Holidays.

Erik

Answer 2

Only you can truly decide how to invest your money. My best answer would be to read a few books on investing and then you can make a better decision.Never invest on others suggestions without weighing the positive and negative aspects of the final risks involved. You probably can do better than mutual funds, but for a low return on investment it is still considered safe if that is all that you want out of your investment. You are allowing the Mutual-Fund Manager to decide how to invest your money, not you. Here is a few suggestions to get you started: Read : "RULE # 1: The Simple Strategy for Successful Investing in Only 15 Minutes a Week" By PHIL TOWN. Here is a Quote on the back of the Jacket Cover..... It explains the book pretty well..... "Extraordinarily readable...provides investors with surefire tools to outperform costly advisors. Follow Town's simple, time-tested precepts, and even unsophisticated investors will leave most mutual-fund managers in the dust"___AUTHOR LEVITT, author of TAKE ON THE STREET and former chairman of the Securities and Exchange Commision. Two more books are by author Willam J. O'Neil, the creator of INVESTORS BUSINESS DAILY Newspaper and website. Check out IBD's website. The books are: THE SUCCESSFUL INVESTOR, and another is HOW TO MAKE MONEY IN STOCKS. I hope I have been able to help you. GOOD LUCK and Happy Investing!

Answer 3

I think the best way to invest is to see what the best investors are buying and selling. Go to 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 4

Go to www.vanguard.com and look at the returns on their mutual funds over the past ten years. That is a good, low-cost (VERY important), investor-friendly company. Do not invest in funds that charge you to invest up front. That's money straight off the top and you never get it back. You might think about choosing three or four funds and divide the amount between them.

Answer 5

Open up a Roth account. You can only put in $4,000 a year but the income is tax free. Sp500 (SPY), Nasdaq 100 (QQQQ), or Russel 2000 are some popular choices for long term investments. You can open up a Roth online or by calling a stock broker over the telephone (see the yellow pages).

Answer 6

Real estate or a 401K for a fairly safe investment.

Bonds for a safe investment. (lower returns though)

You might want to think about/figure out what your long term goals are to determine what the best course of investment would be.

Answer 7

Mix it up money market, a few stocks, and bonds.
Find a good investment company that is local so you can stop by and talk to them not something online.

Good Luck!!

Answer 8

I even have theory approximately this and the 1st element i would not do is broadcast that I gained the lottery. i could very quietly do what i mandatory to do to declare the winnings (by employing employing criminal expert etc.) and hire somebody to help me properly handle the money. Then i could preserve my instant relatives...quietly and discreetly. i could provide to my sought after charities and motives interior a similar way. in case you have somebody assisting you handle and improve your money you're able to have the skill to entice close directly to it so which you would be able to proceed to income others as you like. it somewhat is approximately self-discipline and investment. i think of maximum lottery winners flow broke by using fact they start up residing the existence of the wealthy and properly-properly-known with out being prudent approximately investment or spending. i assume being too beneficiant performs a think approximately this as properly. i think of the final analysis is to maintain it quiet and have somebody help you handle the money.

Answer 9

i am a prof

how old are you

if you are 40 --
100 - age = 60
40 % in bonds
60% in stocks
mutual funds

or most important pay off your debt
buy a condo or a house first

Answer 10

best on black, no just kidding a good mutal fund is a great start