Where can I invest my money in to earn the most interest?

Question

I'm in the middle of a lawsuit right now & want to know the best way to earn the most interest on the money I may be awarded.
Also is there a way to live off the interest of about $40,000 in about 30 years of investing it.

Answer 1

If you don't need access to the money at the snap of your fingers, then the best chance of earning sh*tloads of interest on it would be to lend it out through http://www.prosper.com

The next option would probably be to invest on the stockmarket (though slightly more risky), on a stable well established company that pays out lots of dividend money (which is kinda like earning interest)......... like maybe splitting it between
- Anheuser-Busch (BUD)
- Toyota (TM)
- Google (GOOG - doesn't pay dividend, though)
and doing it via SHAREBUILDER.com (likely to be cheapest way).

Or if you get a posh online brokerage that allows you to invest on stockmarkets outside of the US, get these well established UK shares:
- Halifax/Bank of Scotland (HBOS.L)
- Royal Bank of Scotland (RBS.L)
- British American Tobacco (BATS.L)
When you get paid the dividend money from these shares, re-invest it straight into yet more of these shares so you get more next time it's being paid out.

SEE ALSO:
The Personal Finance section on Fool.com
http://www.fool.com/pf.htm

Answer 2

1

Answer 3

The short answer is yes. Let me share with you a little rule that Albert Einstein once claimed was "the greatest mathmatical discovery of all time". It is called the Rule of 72. It is pretty simple...

If you take an interest rate and divide it into 72 you get the number of years it will take your money to double.

For example if you were to get an interest rate of 12% your money would double every 6 years. So your 40K would turn into 80K in 6 years, 160K in 12 years......and $1,280,000 in 30 years.

Now your question becomes "can I live off the interest on $1.28M?" At 10% interest that would give you $128,000 per year or about $10K per month for the rest of your life. (and the $1.28M can be past on to your heirs when you die).

Now that I got you all excited I will bring you back down to earth by mentioning a little thing called taxes. If not invested properly, taxes will hit you hard on your interest you are acumulating on the $40k and will also take a bite after 30 years when you start attempting to live off the interest.

The good news is that there are ways to invest your $40,000 to pay taxes now, pay taxes later or pay taxes never! The choice is yours.

Drop me a line if you would like to discuss this further.

Cheers,

Paul

Answer 4

If your risk capital is large enough invest in at least 5 different stockfunds spread over different sectors and countries. It may not give you much in the beginning but after a couple of years of cost-averaging,saving money in a stockfund account and compounding it adds up. My favorite broker is by far Fidelity. They can inform you thoroughly on investing for income and later for retirement. You can easily achieve 8 to 10% with stockfunds and when the market crashes, here's where cost-averaging comes in. The advantage of this method is that even when 3 out of 5 funds lose you can still be on the winning hand.

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Answer 5

Jesus man, these are the types of questions that semester-long finance classes are based around. Short answer, the MOST interest garnered is going to depend on the MOST risky investments made, therefore it is not guaranteed and could result in loss. Long answer short:
Most risky investments for highest return - stock in start-up companies, long-term (30-year) US treasury notes, the mortgage market
Most reliable investments for low but stable return - bank CD's, short-term (1 year) US treasury bonds

Answer 6

Contact AIG International and Philam Bond Company in the Philippines.They can help you with a high return investment where the interest can pay good dividends .It would be to your advantage to communicate with them and ask of what you seek.

Answer 7

since you are in the middle of lawsuit. Probably money is essential for you. Use half of your money to invest in stocks. In over 30 years, you should able to get a good returns.

Answer 8

Hedge fund could be something you should look into. Usually you would have to invest from 1 000 000$, but Orion Trading has a hedge fund that is mostly in currencies. Minimum investment of 100 000$. Their mission is to give the best returns possible to a calculated risk. You can find more info on their website. www.oriontrading.org

Answer 9

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Answer 10

Hi,

The most profitable business is forex and shares trading and it is most exiting business I know.

Why don’t you start your own forex or shares trading? I could introduce you to one brokerage company in Austria that allows to trade online from same account currency (forex), commodities, metals and cfd on shares. Total 500 instruments available; spread from 1 pip. If you open trading account under my referral I provide you for free with trading techniques that I successfully use for several years.

Currency (forex) trading is attractive because it is very high income and you could trade from any place in the world and at any time from Sunday night to Friday night. So you could create really huge income.

Another way you could find trader who accepts private investments and invest with him/her.

And of course you may live from your $40K.

If you are interesting and/or have any question and/or need an advice please pm or e-mail me (press on my name) and I provide you with further information.

Good luck!