I have $50.000 what is the best way to invest? Money market, cd's, etc. I don't know any thing about this.
2006-12-20 13:39:03 · 15 answers · asked by shavon 3 in Business & Finance ➔ Investing
take about $20 of your 50k and buy the book "Investing for Dummies". That is the very first investment you should make. Read it twice. At that point you will have a basic understanding of investing which is the very first thing you need.
You have a great many answers suggesting index funds and mutual funds. I agree with those answers. The one caution that I would have is to not put your money into fewer than 5 different funds with 5 different investment goals. You want to maximize the probability of having a good experience with investing. I would also recommend that one of the 5 is a money market fund or t-bills.
2006-12-20 23:45:52 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I would invest in several good no-load mutual funds. You will be invested in several hundred companies, and can get a pretty good return on your money. Open an account at a discount broker like scottrade or schwab. They have hundreds of no load mutual funds to choose from.
There is an excellent book on no load mutual funds by Sheldon Jacobs available used or new from amazon.com
A money market fund can yield over 4% with no real risk while you learn what to do with your money. You can get your money in a day or two with no fees or hassles,
USFunds has several good moneymarket funds.
http://www.usfunds.com/main_intro.asp
I would stay away from mining and small companies if I were you until you understand the stockmarket better.
Morningstar university has few courses you can take which will inform you well about both stocks and mutual funds.
2006-12-20 13:57:23 · answer #2 · answered by Richard E 4 · 0⤊ 1⤋
If you want to invest with minimal effort, then you should buy an indexed s&p 500 mutual fund from vanguard, symbol VFINX.
If you want to actively manage your money, then you should open an account at Scottrade. Then, go to http://www.Top10Traders.com and see what the best investors are buying and selling - 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. There is also a charting feature , so you can see how your portfolio performs compared to the S&P 500.
Here are this month's best traders:
http://www.top10traders.com/Top10Standings.aspx
Good luck.
2006-12-20 14:35:02 · answer #3 · answered by Anonymous · 0⤊ 1⤋
I would recommend putting some of than money into Prosper as a lender. Check out http://www.ProsperFiveStar.com
They have good rates of return and automatic reinvestment. I'd think $2500 - $5000 would be enough since the minimum investment in a single loan is $50.
2006-12-21 01:54:42 · answer #4 · answered by Anonymous · 0⤊ 0⤋
only way to earn some profit by investing that I know, would be investing on Forex . What I do is using http://4xgenie.com service, you 'll get free 3 weeks trial, (don't forget to use MSMS555 code when signing up to get free trial). The most important for me is that I finally make a profit. And not waisting a time.Good luck!
2006-12-20 14:55:46 · answer #5 · answered by sil 3 · 0⤊ 0⤋
Find a good mutual fund or ETF and dollar cost average into it (each month buy 2,000$ bucks worth of shares or something).
Dollar cost averaging is supposed to help smooth out volatility in the markets.
That is the safe way to invest in the stock market.
2006-12-20 15:23:14 · answer #6 · answered by days_o_work 4 · 0⤊ 0⤋
You COULD invest some of it in my invention. Can't tell you much about it without your signing an NDA, but basically, it's a new type of bed which would eliminate bedsores in immobile patients. Congratulations on your win, BTW.
2016-03-13 09:05:40 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Don't give your hard earning money to jjinbkk. Ingore him. Pick a any america finanical company and ask them what the best way to invest with them. Read other comments about investment.
2006-12-20 14:07:32 · answer #8 · answered by codeworx7 3 · 0⤊ 1⤋
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2006-12-20 16:28:31 · answer #9 · answered by dinu_pawar 5 · 0⤊ 0⤋
Hi,
You may star your own forex or stock trading. It's really profitable and exciting business with no boss, no working hours and you could trady from any place in the world.
But as you probably know high income is related with high risk. Therefore I would reccomend you to read following books and then start your own online trading.
Market Wizards by Jack D. Schwager;
Technical Analysis by Jack D. Schwager;
Comprehensive Course on The Wave Principle by A.J. Frost and Robert Prechter;
Candlestick Charting Explained- Timeless Techniques for Trading Stocks and Futures by Gregory L. Morris;
Trading Chaos – Applying Expert Techniques to Maximize Your Profit by Bill M. Williams;
New Trading Dimensions by Bill M. Williams
Trading Chaos II by Bill Williams – Maximize Profits with Proven Technical Techniques by Justin Gregory-Williams and Bill M. Williams
If you have no time to read all these books then read and study at lieast all three books written by Bill Williams.
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Good luck!
2006-12-20 22:54:12 · answer #10 · answered by VP 3 · 0⤊ 0⤋