you've recently recieved half a million dollars, how would you invest it for long term and short term goals.

Answer 1

I would spend every last dime of it on Iraqi Dinars and then sell them on Ebay immediately as apposed of holding onto them for the promised big bucks.

Right now you can buy direct from Chase Bank at a rate of 1 million dinar for $771. On Ebay 1 million dinar is going for as much as $1300. You could sell 1 million for $950 and people would buy your entire investment up like hotcakes.

With $500,000 USD you could buy 648,000,000 dinar which you could sell for $615,000 if you sold them for $950/million dianr. if you sold them for $1300 per million you would turn your $500,000 USD into $842,000.

That is what I would do in the short term. I bet turn around time would be about 6 months to sell all of them. In that time you would be able to raise the price because the Dinar has gone up in value almost every day since the beginning of December.

After you have sold and have your profit then you can invest in something that is a little smarter for the long term.

Answer 2

In my case, that would almost buy the twenty acres near my housing edition, where I could put in a street and utility lines then subdivide and sell into lots. It is a rural area on the edge of town and near an airport expansion. Currently I could put no more than six lots on that land, but at prevailing prices for developed acreage lots, I could double the money in just a few months time. Then I find the best jumbo CD ($100k) rates in several local area banks to park it for a while. Sometimes loan officers call good customers with investment opportunities when the bank almost is interested in investing in a marginally-qualified venture. Perhaps a visit to sbc.gov and figuring out what the requirements for a SBIC (small business investment company), where the federal government has some guarantees for investments in qualified small businesses that banks don't accept might be in order.

Answer 3

1-2 years is a short time for an investment so your options are limited. A money market account or savings account is about as good as it gets for most people. Even though rates vary between accounts the true difference measured over 1-2 years is not that much after tax. Stay away from any account that has fees attached. On buying a home. If the local market is not doing well then this is the best time to buy. Sellers will be willing to deal. You just need to wait until you find one but that means active looking. If you can find a seller that will discount 5% to 10% then you will save money money than you are likely to earn from 1-2 years of interest. If you get a deal that is closer to 20% below true market value then jump on it rather than wait. Lets put it this way... What are you waiting for? Do you want to see prices start to rise to confirm the market is healthy? If so then you are thinking it is better to pay more later than to buy now when there is a 'sale' on houses. In a buyer's market you can get the seller to make concessions in terms of closing costs, closing date and other things. You will not be competing with people who will pay more than the list price just to get a home. If you fear that prices could go down more then consider what you will be doing with the savings and the rent in the mean time. If you are going to stay for 10 years then does it matter that much if prices do not pick up for a while? In the mean time you control your home and build equity through paying down the debt. If you buy at a discount from the present true market value then you are a bit covered if prices fall a bit more. Only buy a house you really want and will truly expect to live in for a long time. The costs of buying are pretty high. If you really think that you might need to move in less than 5 years consider the fact that it could be best to rent the place after you move vs. selling it to move. Or just stay a renter for the 5 years. If you make good money you also could be looking at paying less in taxes if you buy a place that costs about the same as renting. Hence that is another benefit to offset any potential future fall in value. Do not wait for the market to be heading strongly up as that just means you missed out on a buyer's market.

Answer 4

Well I am single and very conservative with my money. But I do have some Long Term Cd's I invest in. The interest they are earning right now is not bad. I also have a Money Market Account. It is not paying much Interest but I can access it anytime I want to, I can also write checks on it, if the need arises and it does earn a little interest. I am weary of the Stock Market. thats a fast way to become broke again.

Answer 5

I would
1.) Pay off and put an addition on my own house (an investment for resale, years down the line)

2.) Pay off and invest in my parents' land/vineyard. With wine growing so much in popularity, a vineyard is a GREAT investment. And, I know my parents could use the extra money.

I think those two things would max out $500,000 (my house would be around $250,000; the rest for my parents' land and buildings). If I did have anything left, I would give it to Susan G. Koman Cancer Research. In my mind, if my house was paid off and my parent's interest secured, my future would be set. I wouldn't want that money to turn into billions short-term. But with these two things, I would be set for life.

Answer 6

With IRA accounts, and the stock market. I could also buy a small home and flip it. Real estate is almost always a good investment if you know what you are doing. Long term for me. Retirement plans are also good. Anything with high percentage rates is what you want.

Answer 7

I would first put enough aside to cover the tax liability from receiving the $500k...I'm assuming that would be approx. $140k. I would use another $140k toward the downpayment of a new home for my family...that would allow me to keep my departure home as a rental....I would then use $20k to fully fund the rest of my son's prepaid college tuition program. Allocate $195k into my brokerage account and roth ira for long term savings/retirement (90% equities, 10% bonds). The other $5k I would use towards a vacation for my family.

Answer 8

The Bank of Finchleyjohn has always been known to be a good investment (for the Bank at least!)

Remeber though that Investments can go down as well as up....

Answer 9

Long term...would have to be a direct account with high interest.
Bonds and Mutal Funds

Short Term would have to be stocks and real estate

Answer 10

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