2007-01-11 14:54:58 · 12 answers · asked by ocean 3 in Business & Finance ➔ Investing
I am 32. I don't own a home. I have my own car. I don't have life insurance. I can risk all. I work as a computer technician. It took me about 10 years to save this much money working two jobs.
2007-01-11 16:39:41 · update #1
It's all in my checking account.
2007-01-11 16:41:00 · update #2
I am renting a 1 bed room aprtment paying $900/ month which is about average for my area. I make about $2100 after tax in my current job. I am single male.
2007-01-11 16:46:50 · update #3
Well, real estate is out of the question, you should invest in mutual funds
2007-01-11 15:12:05 · answer #1 · answered by Who Knew! 3 · 0⤊ 1⤋
Have you considered trading in FOREX (international currency exchange)?
With Stock trading with $25000 to start with, you can trade on one stock out of 10,000 possible choices and if it goes up by pennies you make a little money but you pay trade commissions.
In forex, with only $250.00 you trade $25,000 worth of currency and only 5 major currency pairs to choose from and no trading commissions. I would recommend a minimum of about $1k-$5K to start with though realistically. I would also spend the first 4 months "demo" trading. IE not using real money. there are several forex brokers that will let you open a demo account for 30 days at a time to try out their platforms and "learn" how to trade.
I am making about 20% per month trading forex. There is even software available that handles all the trades for you and allows you to profit even when you are not there. Best part is you can try it free for a month without risking a cent of your own money.
For more information go to www.huttoinvestmentgroup.com and check it out.
2007-01-11 16:18:39 · answer #2 · answered by Robert L 2 · 0⤊ 0⤋
Simply invest your money, through one of the online brokerages or have someone invest in the stock GROW, U.S. Global Resources Investors Inc., it is an exceptionally strong stock and will have a stock split in february so that more investors can get in it. p.s. last year GROW went from $12 to 70 and as of late is around 60. very strong company
2007-01-11 15:48:42 · answer #3 · answered by johnhillsty 1 · 0⤊ 0⤋
Wow, there are so many things you can do, n most people will say sumthing simple & semi prosperous instead of going for the bigger picture. Now take a person like me, i will flip $100,000 into one million simply because i think outside of the box, i think of things to do that most people would never even fathom. U could purchase sumthing that you can get a deal on if you buy more, & sell it back wherever to whoever & get atleast twice what u bought it for. & NO im not talking about drugs, just you thinking that shows how your mind works lol.
2007-01-11 15:06:41 · answer #4 · answered by Abuv Your Head But U Cant See Me 1 · 0⤊ 1⤋
Well, while you're deciding what to do you should at least have it sitting in a high yield savings account, like HSBC or Emigrant Direct. Don't keep it in a no interest checking account.
2007-01-11 19:16:03 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Look into home staging, its on the up and up, especially in CA where the housing market is so slow.
2007-01-11 15:00:04 · answer #6 · answered by acage123 3 · 0⤊ 0⤋
It depends.
How old are you?
Do you already have a house?
Do you already have a car? (Paid in full)
Do you already have life insurance for your grandparents and for your parents?
How much risk can you take?
2007-01-11 16:27:52 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Very carefully.
2007-01-11 14:57:41 · answer #8 · answered by smiling_freds_biz_info 6 · 1⤊ 0⤋
trade in commodity fiture with charts
2007-01-11 17:02:16 · answer #9 · answered by dinu_pawar 5 · 0⤊ 0⤋
FOREX!!!!!!!!!!!!!!!!!!!!!!!
http://www.4xgenie.com
2007-01-11 17:55:11 · answer #10 · answered by Gage 1 · 0⤊ 0⤋