i hav a sum of cash.. what is the best way(get the highest profit back) to expand it to get the more cash from it?
2007-01-19 23:12:30 · 5 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Do you have any debts? If you do, pay them off.. then you will have more money to invest with down the road.
2007-01-20 00:45:23 · answer #1 · answered by Jen G 5 · 0⤊ 0⤋
I dont know how to get the highest profit back but I do know that the Higher the Profit the Bigger the Risk.
You would be better to invest long term with a mid range profit.
2007-01-20 05:06:20 · answer #2 · answered by angie 5 · 0⤊ 0⤋
If you are talking about a really large amount like in the hundred thousands then buying a business and making it operate wonderfully would a very nice return on your money.
If you mean a couple thousand then hit the right stock in the stock market and you could get 100 times that in a few months time. I did and I must admit its darn fun !!
If you are not a risk taker then simply put in a high yield savings account and stare at it grow slowly. About as much fun as watching paint dry.
2007-01-20 02:52:33 · answer #3 · answered by Kitty 6 · 0⤊ 0⤋
I agree with Jen G. Pay off as much debt as you can, if you have anything left over, put it in a good growth stock mutual fund that earns 10-12% each year and leave it there for the long haul. You can easliy make a large amount of money in mutual funds, but you have to be patient and wait for it to grow.
2007-01-20 00:55:02 · answer #4 · answered by Joshua W 3 · 0⤊ 0⤋
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2007-01-20 13:22:38 · answer #5 · answered by myswisscash s 1 · 0⤊ 0⤋