Investment help: I am 35 yo, single with no kids. I have 8k to invest.?

Question

I don't have much knowledge of investment in anything. What is the best thing for me to do with my money? Should I buy stocks?, mutual funds?, bonds? real estate,? land? or anything else you can think of? rentals maybe? I don't make a lot of money, and I am concerned about being taken advantage of. Please give me advice, and please don't try to direct me to something that you may have a financial interest in. I need honest, unbiased advice.

thank you

Answer 1

Be realistic, you are not going to be able to invest in land, real estate or rentals with 8k.

What to invest in depends on how risk adverse you are, it sounds like you are not willing to risk losing this money so stocks probably aren't the best bet for you.

Mutual Funds: Still reasonable level of risk but generally the people doing the investing in a good mutual fund buy such a diverse range of shares that you money is pretty safe and the returns are better than what you would get in the bank or from bonds

Bonds are virtually risk free and have a guaranteed return - this of course means that the return is going to be smaller than you could earn elsewhere but that's the trade off with low risk investments.

Naturally it's gotta be your call.

Answer 2

There are a few places you can " click on" to get some ideas about investing...and that is the best thing for you to do at 35...
http://www.finance/yahoo.com/funds
http://monetcentral.msn.com/beginnerguide.asp?page=introduction
Basically what you want to do is put some money into an IRA...a long term savings/investment for your future..Read about the two types....then put at least 3 thou into one.
Then another 3 or 4 thousand should be invested in a mutual fund that can start making your money work and hopefully make enough so you can add a nice bunch to next year's IRA..
Keep $1000./$1500. in some kind of easy access bank acct savings/checking.
When you've read about the funds and such available you can easily click on to E-trade and open an account and handle everything at your keyboard! If you still have doubts or questions or need more explanation...go to www.Fidelity instead..there are phone numbers there for reps that can explain or send you material to read before you invest.
Don't be afraid, it's not hard, it's just new and different to you...you'll get the hang of it...come to understand what's happening...and be much better off in the long run! This stuff SHOULD be taught in every school ..it's just learning how to take care of yourself...more important than who invaded where in 1066 !!
Once you put a little away and see the results...you'll be wondering " Where would I be if they really, really taught me something USEFUL at 17 ??

Answer 3

Dear Friend
Regarding your request for an advise to invest your money, that depend where or in which country you sre living.
Certainly the best thing is to buy land, that you can sell it after few months, or to invest in Tourism but of course depends from the country that you are in.
Regarding the stock market you should have a very large experience in that field, because it's happen that you can loose all your money within 1 day be carefull.
The money is yours its better that you think 1000 times before taking any decisions.
Armaroma

Answer 4

Invest it into a safe hedging strategy in the foreign exchange market and watch it double in 6 to 8 months.

If you are serious drop me a line and I will send you a report that you will find quite interesting.

[e-mail]

Answer 5

I, recently got involved with a company that preselects some of the best investments i`ve ever seen. They screen them so it lowers your risk. Check out one of there seminars. You can E mail me at [e-mail]. www.thewealthkeys.com

Answer 6

Whatever you decide to do, don't stick all into one pot.
Divide into 3 and you'll have a better outcome.

Answer 7

my friend save your 8k and just go here its a once in a lifetime
http://www.globalpensionplan.net/?id=claudio01