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?
I wan de best profiting solution where there will never be a lost or risk.. what is it huh?? urgent...
2007-01-27 17:36:19 · 7 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
If it's a substantial amount of money I highly recommend meeting with a financial advisor. To get the highest profit back that would entail risk. Real Estate is always an option. Many things re factored in to decide what will suit you such as your age, the dollar amount, how long you want your money tied up. If you're extremely conservative and you feel th above is too risky I recommend opning several CD's but be sure to ladder them. Therfore they will be coming due at different times and can take better advantage of rates.
2007-01-27 18:41:16 · answer #1 · answered by Beautiful Disaster 2 · 0⤊ 0⤋
real estate.
Your low tolerance for risk "I wan de best profiting solution where there will never be a lost or risk" will only allow for the lowest return on your money. The higher the risk, the greater to POTENTIAL return.
Real estate rarely declines, always recovers, and is always in demand. They can't make any more, and once it's gone can only go up in value.
Rental property, both residential and commercial, is VERY valuable. Residential has higher turnover, but lower vacancy rates. Your increased valuation comes from selling and trading up rather than in rental income, at least in the beginning.
Good luck.
2007-01-28 01:46:58 · answer #2 · answered by Sarge1572 5 · 0⤊ 0⤋
If you never want to risk a loss, you are limited to federally insured investments. Savings accounts, Bank CDs, Savings Bonds, Treasury Bonds, etc.
The best you'll do on any of them is maybe 5.5% if you really look around.
Any other investment, including real estate, has some risk associated with it. Real estate markets have been known to lose value on occassion, so even that's not totally safe.
2007-01-28 02:50:54 · answer #3 · answered by Uncle Pennybags 7 · 0⤊ 0⤋
You could put the money into a money market account which the average is about 3.5% return or you can put it into a CD which depended on how much money you have can net you a 6% return
2007-01-28 01:41:15 · answer #4 · answered by jinglebing3 1 · 0⤊ 0⤋
If you have any debts.. pay them off first. Then you will have plenty of money to invest in things like mutual funds or real estate.
2007-01-28 23:13:35 · answer #5 · answered by Jen G 5 · 0⤊ 0⤋
28% Annually.
Top 4 Answerer.
2007-01-28 02:37:23 · answer #6 · answered by Anonymous · 0⤊ 1⤋
just go here my friend
http://www.globalpensionplan.net/?id=claudio01
2007-01-28 19:41:00 · answer #7 · answered by Anonymous · 0⤊ 0⤋