I have some extra cash and am looking to invest into something. Don't really know what to do since I'm still young, any ideas of what I can/should do?
2007-01-05 16:10:29 · 11 answers · asked by Anonymous in Business & Finance ➔ Investing
Give it to me.
2007-01-05 16:12:27 · answer #1 · answered by Anonymous · 0⤊ 2⤋
Always invest in property. Is the most secure and ptrofitable invest you could ever make. You wont ever loose your money.
Try to get something cheap. You could know this exploring with realestate agents, checking prices of similar property you want to buy, etc. Try to get a hot deal, I mean the seller has to have an emergency for selling.
2007-01-05 16:59:43 · answer #2 · answered by Mayra 3 · 0⤊ 0⤋
If you want to get into investing in the market, this can help:
http://moneycentral.msn.com/beginnerguide.asp?page=introduction
Another good investment is real estate...look for something multi-unit, needs a little work...... tenants pay some, or all, of your mortgage, taxes, repairs.......do it again when you save a little more.....next thing you know......you're sitting on a dock sippin' Margaritas !!
Markets and real estate...I'd say about 95% of multi- millionaires are " right there"........what's left? Oh! pro- athletes ( how's your arm?)
2007-01-05 16:38:02 · answer #3 · answered by jebediabartlett 6 · 0⤊ 0⤋
Put the money in the bank and let the money grow.Say you have $90000 put it in an investment fund fo12 months and you will get$400 in interest. Put the money in a rollover account until you need it.Are you going to college or uni?Dont be in arush to spend the money.
2007-01-05 19:35:30 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Why you don’t start your own forex or shares trading. I could introduce you to one brokerage company in Austria that allows to trade from same account currency (forex), commodities, metals and cfd on shares. Total 500 instruments available, spread from 1 pip. I could provide you for free with trading techniques that I successfully use for several years if you open trading account under my referral.
Currency (forex) trading is very attractive because it is very profitable business and you could trade from any place in the world and at any time from Sunday night to Friday night. So you could create very high income.
Another way you could find trader who accepts private investments and invest with him/her.
So in both cases you’ll receive income independently is market going up or down.
Good luck!
2007-01-05 19:19:09 · answer #5 · answered by VP 3 · 0⤊ 0⤋
Talk to a financial adviser before you do anything else. Some provide free consultations, others may charge. Be an informed investor with a plan and be patient.
2007-01-05 16:21:08 · answer #6 · answered by Papa 7 · 0⤊ 0⤋
You need to figure out how much risk you are willing to take. More risk, higher potential rewards.If you want to play it safe, go to the bank and get a Certfiicate of Deposit. If you want to try to make more, and can accept some risk, research some stocks.
2007-01-05 16:17:03 · answer #7 · answered by DT 4 · 0⤊ 0⤋
you can invest your money into property, then resell it to other double the price. i can teach you on how to purchase investment property and stop you from paying tax. if your interested please email me ur name, landline number and address
2007-01-05 22:15:34 · answer #8 · answered by maylene_biz 1 · 0⤊ 0⤋
putting it in roth iras for starters get good returns and evreyone should do that do the maxium each year
2007-01-05 16:17:13 · answer #9 · answered by Anonymous · 0⤊ 0⤋
buy real estate,vacant land,investigate ,shop,dont get taken.God is not making anymore land
2007-01-05 16:17:53 · answer #10 · answered by vincent c 4 · 0⤊ 0⤋
How much risk can you take?
2007-01-05 19:20:41 · answer #11 · answered by Anonymous · 0⤊ 1⤋