I thinking about investing $10K , but not into the stock market. Not sure if I sure open and IRA or muteual funds any suggestions?
2006-12-22 08:35:38 · 14 answers · asked by rma2ks 3 in Business & Finance ➔ Personal Finance
Do not invest in anything you do not understand. If you can't answer your own question then you need to start doing some research. Read some quality books about personal investing. Keep the money in a guaranteed bank account until then. Don't let some slick-talking salesman in a nice suit talk you in to something.
2006-12-22 09:20:28 · answer #1 · answered by KC 4 · 0⤊ 0⤋
If this is 10K you want to invest and not touch for a while, consider putting it into an index fund (I know you said not the stock market, but you did mention IRA and mutual funds, so I wasn't sure). You should consider a Roth IRA so that the earnings can grow tax free, if you aren't in one already.
2006-12-22 08:39:05 · answer #2 · answered by wangarific 4 · 0⤊ 0⤋
I can provide you a return of 13-15% . We invest in real estate market in india and as the market has been booming and will be booming for the next few years ,we can provide you a return of that % .
But we can't pay you every month ,instead will be paying after a full year cycle . Also if you wanna want to invest in higher amount i would like you to see the facilities and the business in india in person and then to invest .
you can write to me at kishaloy_bhowmick@yahoo.com or reach me at 480.751.4125.
regards,
kish
2006-12-22 16:27:00 · answer #3 · answered by kishaloy_bhowmick 2 · 0⤊ 0⤋
Do not listen to fools who complicate matters and drown them selves in a glass of water.
Take no chances with your hard earned money and do not give it to so called experts who stealthily will take 1/2 for themselves. Really!
Just put $2000 in each of 5 good shares (called blue chips), in different industries, paying good dividends and with modest P/E ratios.
Keep buying more companies, until you have about 10 and then increase your holdings. That is what I have done. With a little luck you also will do well and then say a silent thank you to me.
2006-12-22 10:36:25 · answer #4 · answered by Anonymous · 0⤊ 0⤋
99.9% of mutual funds and IRAs are simply vehicles that manage the way your money is distributed in "the stock market", so I think you best put your $10K in a shoebox under the bed!
2006-12-22 08:45:12 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I like CD ladders.....that way some of your money is available and some is locked away......set up two or three CD's - one for 1 yr.....one for 6 months....one for three months....that way you always have some money coming due.....and it gets you to pay attention to the market and interest rates and you'll be that much more savvy next year.....have fun.
Each time a CD comes due, you can reinvest it.....or.....open a longer CD cycle....fun way to start.
2006-12-22 08:50:26 · answer #6 · answered by Paula M 5 · 0⤊ 0⤋
Money Market account is pretty good. I know GMAC has a pretty high return on 10,000 plus you always have access to to it. Go to .
2006-12-22 11:26:18 · answer #7 · answered by Averageguyk 1 · 0⤊ 0⤋
Have you ever considered a separately managed account run by a professional money manager?
2006-12-22 08:54:16 · answer #8 · answered by Double O 6 · 0⤊ 0⤋
Prez say wire to his bank account. Prez say he have high interest rate. Prez say 20% interest rate. Prez say he give you your money back plus interest in 20 years. Prez say he just kidding. Prez say you hire a financial planner and they help you invest well. Prez better know!
2006-12-22 08:39:12 · answer #9 · answered by Anonymous · 0⤊ 0⤋
REAL ESTATE!!! Borrow about 20,000 more and redo a house and sell it for about 40,000 profit!!!
2006-12-22 08:39:16 · answer #10 · answered by jessicas127 5 · 0⤊ 0⤋