i want to know if there's any kind of sound investment with a good return, are there any banks that pay a higher interest rate depending on the amount of dollars you invest?
i will be getting a considerabe sum of money soon and i don't want to spend it on trivial things but rather i want to invest it long term.
thanks in advance for your input.
2007-01-12 16:42:12 · 9 answers · asked by MASTERBLASTER 1 in Business & Finance ➔ Investing
Before you invest, you should decide what your objectives are for the money. There are many opportunities for you, but have to answer some questions first. Do you want to save it for long term, immediate use, etc? You also should decide what your risk tolerance is. Are you a risk taker or are you more conservative? Also, your age would also play a role in your investing too. I also would look for a financial advisor that is interested in learning about you before giving suggestions. There are some advisors that see the $$$ and don't care about what you want. Most major banks have financial advisors that can help you and they can give you advice without additional costs. You should start at your current bank first. Take your time and don't be rushed (don't sign anything until you fully understand all aspects of the product). I applaud you for doing the right thing with this money, if you invest it right, you can really make it work for you.
Good Luck.
2007-01-12 16:53:39 · answer #1 · answered by Lady D 1 · 0⤊ 0⤋
There are no guaranteed returns in the stock market, but historically the stock market has been the best investment, returning around 8% on average. If you want an easy carefree investment, you should put your money in a s&p 500 index fund. Just get one with a small fee, 0.50% or less.
If you want to take an active role in investing your money, you should see what the best investors are buying and selling. You can find this information at http://www.top10traders.com - 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.
2007-01-13 20:33:18 · answer #2 · answered by Anonymous · 0⤊ 0⤋
First off you put a little off to the side by buying two IRA's ( '06 and '07) ...Always, always, always... think of the future.
If you go to the Fidelity web site to take out those IRA's you can get the phone number of an investment specialist who can take you into safe funds for the rest. If you want caution, put 80 or 90 % into "balanced" or "blended" fund but at least learn how to invest for growth with the other 10%...
Personally, I would rather put about 60% into about 4 different REIT's or a couple of Real Estate Funds.( Many, many REIT's return the 10% you're looking for) Then I might consider splitting what's left between a balanced fund ( safety) and somethig "global" for the growth.
I wish you well.
P.S. The fidelity site I mentioned ( and most other reputable brokers) can just send you various investing info...you don't have to listen to a sales pitch...they usually don't get into that...they have a product everyone wants...they don't have to "hard-sell"..... Read what's sent and go to yahoo/finance...it'll only take a week or so for you to know what you MIGHT want to get into....then talk to a rep.
2007-01-13 01:37:36 · answer #3 · answered by jebediabartlett 6 · 0⤊ 0⤋
Banks will only pay interest up to a 1/2% less then prime but you know what you are getting. Anything else is a gamble thats why they have fine print. Talk personally to a number of different people. Stock brokers, investment dealers, bank managers, accountants etc. Take notes and reveiw them, go over any info they give you. Take your time. Good Luck
2007-01-13 13:59:49 · answer #4 · answered by biteme 2 · 0⤊ 0⤋
Source Capital states in its prospectus that it tries to keep its dividend as close to 10% as possible. Right now it is at 6%, which is very good. You get the gain in stock price + the dividend. The stock symbol is SOR--look it up. Some of your money could go into SOR; then put some in mutual funds that also pay dividends, like FNMIX. Then just buy CDs with different maturities--one year, two year, three year, etc. and each year you will have income coming in. You will be "paying" yourself. Then reinvest the dividends. You will then be compounding your gain.
2007-01-19 20:40:35 · answer #5 · answered by Maldives 3 · 0⤊ 0⤋
Just off the top of my head if that money comes to you in a way that you will not be taxed till realized then consider an annuity. The annuity will pay you in a future date on a monthly basis and pretty much will be taken care of at that point till you die.
You need to consider all options but seek a financial advisor who specializes in that as well.
2007-01-18 17:22:49 · answer #6 · answered by Lee P 2 · 0⤊ 0⤋
Brazil is currently playing 18%
2007-01-13 03:46:09 · answer #7 · answered by Anonymous · 0⤊ 2⤋
mutual fund
2007-01-19 16:17:08 · answer #8 · answered by Debt Free! 5 · 0⤊ 0⤋
Watch this!!! May change your life!!!
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2007-01-13 01:05:20 · answer #9 · answered by thomascook20042003 1 · 0⤊ 1⤋