Buy some condos and rent? Open an IT business? Any ideeas?
2007-02-19 02:10:44 · 11 answers · asked by Cathy 1 in Business & Finance ➔ Investing
Tough to answer this question without more particulars on your current situation and background, but.........real estate can be good if you don't mind being hands on, intend to hold it for awhile, and can find property in a great location.
You can also consider corporate bonds and/or income mutual funds, both of which will give you a much better total return over time than a bank account.
2007-02-19 02:34:16 · answer #1 · answered by domers13 2 · 1⤊ 0⤋
What an ideal situation you are in to buy real estate. It is a good time to buy considering the market is down. Since you are an investor, you could really make low offers on properties....since you dont care if it goes through or not...you are just looking for a good deal. I would get a condo with a very low condo fee. With condos there is sooo mush less you would be responsible to fix, so you wont need to pay a propery manager and deal with the headache of fixing things all the time.
You will not be able to match the real estate return anywhere else. This property will only go up over a long period of time, rents go up over long periods of time, it can be what you live off of, it could be your entire retirement for the rest of your life, then it can go to your kids. Get a good realtor that works with investors mostly. (that is hard to find, just dont work with someone you know!)
I did this as a young woman, and it took me from broke to....well, being able to work at home and be a stay at home mom for the rest of my life. Girl, you could even get two properties if you really think you could use that much money. I helped many people do this as my work from home job, and they are all very very very happy that they did it. Stock market people are only doing well on Tuesdays and Thursdays. In the bank, well, then you make nothing! 3-5%. This is a great option for young, long term investors. If you are older though, living out a dream of starting a business could be more fun.
2007-02-19 04:08:09 · answer #2 · answered by k r 2 · 0⤊ 0⤋
Rental Income is certainly your best bet, especially if the home prices are low to begin with. Two properties could net you @ $1500 a month easily on a $35-40,000 investment.
2016-12-22 02:54:03 · answer #3 · answered by ? 1 · 0⤊ 0⤋
If you need a job: Open a business
If you have a job: It's a good idea to put it in the bank and you might get some extra cash on the intrest that you're gonna wanna put in the bank to get a higher intrest and yea.
If you're thinking about the futre:You could save it in the bank and put the intrest in the bank too and when you retire travel the world! Or perhaps save up money for your child's education becuase college isn't cheap =]
2007-02-19 02:25:06 · answer #4 · answered by BananasInPajamas 1 · 0⤊ 1⤋
To have almost guaranteed amount of cash flow, you should invest in US Bonds. The interest rates are lower, but they are guaranteed. If you want to play it a little bit more riskier, look into corporate bonds. Real estate could be a good move, but there is a lot of work involved and a lot of unknowns involved.
2007-02-19 04:16:22 · answer #5 · answered by largebones2004 2 · 0⤊ 0⤋
If you invest in the stock market, you might want to look at the following portfolio of stocks. Each one pays a good dividend.
http://www.top10traders.com/ViewPortfolio.aspx?userID=940
This is from http://www.top10traders.com - here are the site's best investors for this month:
http://www.top10traders.com/Top10Standings.aspx
Some of the best investors have some very good ideas about how to invest in the market.
Hope this helps.
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2016-10-02 09:29:03 · answer #7 · answered by snead 4 · 0⤊ 0⤋
The question can't be answered without a lot more information about your situation. Best to discuss it with a financial advisor or planner.
2007-02-19 02:50:33 · answer #8 · answered by Rob D 5 · 0⤊ 1⤋
Rental property is good, but go for a state that didnt have housing prices go up too much.
2007-02-19 09:34:19 · answer #9 · answered by hgary06 3 · 0⤊ 0⤋
I know a company currently offering 38.90% annually without risk.
Top 4 Answerer.
2007-02-19 06:58:34 · answer #10 · answered by Anonymous · 0⤊ 1⤋