......I mainly invest in mutual funds and individual stocks....I'm pretty aggressive too.
2007-01-20 04:20:27 · 11 answers · asked by Anonymous in Business & Finance ➔ Investing
you would have to average about 14.9 % interest a year, so if the market performs as well as it has been you could do it without a ton of risk
some semi aggressive mutual funds,a little extra international, and just hope it works out, but if i had that much i would stick it in a little bit safer investments, i wouldnt leave the market but i would put it in less aggressive funds, value funds,balanced funds, just a little safer,but thats just me
2007-01-20 04:28:04 · answer #1 · answered by swenjj 4 · 1⤊ 0⤋
Now is not a good time to invest in stocks. Instead of stocks, you should try prosper.com. But only invest in loans with a credit rating of C or better and a DIT of less than 20%. I have had tremendous success with Prosper. Most of the loans I've funded have at least a 10% - 20% return. A lot better than any CD and safer than the stock market! Good Luck!
Check out these articles from the NY Times, USA Today, and others. http://prosper.com/public/about/media_news.aspx
2007-01-20 14:44:07 · answer #2 · answered by steffers4979 4 · 0⤊ 2⤋
I invest is real estate that is disadvantaged. The house of a person who died and no one want to take of the property. I pay 20% to 50% of the property value to acquire the property. Then I make improvements up to 10% of property value, and sell it for 100% of property value if I carry the mortgage. If I sell cash 80% - 90% of property value is my sale price.
Lets assume that we are pricing a property that is $100,000. My buy is $20K to $50K, improvements is 10K, sale price is $80K minimum. $20K profit at minimum, most times a deal is completed in 6 months.
With $500K I could have five to six deals going at day one, add deals as others conclude. In the event in the above deal I took the mortgage, I still have a paper profit of $40K and make minimum of 4.5% interest on $100,000 for the life of the mortgage note.
2007-01-20 12:40:18 · answer #3 · answered by whatevit 5 · 0⤊ 0⤋
Keep on doing what you are doing. If you are investing agressive enough, turning 500K to 1000K in 5 years in a bull market is very possible...but, it could also turn into a bear market like 2000-2003.....so be careful.
2007-01-20 12:29:48 · answer #4 · answered by Anonymous · 1⤊ 0⤋
personally, i wouldn't set my sights on doubling the money in 5 years. that's no all that easy to do. if you really have 500k, i would interview some professionals to get some real advice. certainly want to diversify, as you don't want to risk losing money. i would look some undervalued stocks that are strong companies, growth stocks, possibly real estate. you have a ton of options and a good pile of money in which to work with.
2007-01-20 12:45:59 · answer #5 · answered by doogan 2 · 0⤊ 0⤋
Look at CD's too, possibly. I don't know anything for sure that would get you 1 million dollars in 5 years, however.
2007-01-20 12:28:31 · answer #6 · answered by Weston 3 · 0⤊ 0⤋
Personally I'd buy the best Jap automakers on pullbacks... the global trend has shifted from SUVs to fuel economy... and that's what they do best. It doesn't take a genius to figure out that gas prices have been, and will continue to be, volatile thanks to Vietnam II over in the Middle East.
2007-01-20 12:26:46 · answer #7 · answered by ? 3 · 0⤊ 0⤋
Realestate
2007-01-20 12:29:24 · answer #8 · answered by j2daj 3 · 0⤊ 0⤋
Any decent mutual fund will get you there.
On the other hand, if you want to get there in 3 years then drop me a line.
Top 4 Answerer.
2007-01-20 17:38:04 · answer #9 · answered by Anonymous · 0⤊ 2⤋
invest in gold ----- BUT there is no real answer, the only answern is 0-----to-----none
2007-01-20 15:16:48 · answer #10 · answered by joech1944 1 · 0⤊ 1⤋