2007-03-01 04:09:35 · 6 answers · asked by deertate 2 in Business & Finance ➔ Personal Finance
What do you think?
How much do you live?
You should do some welfare works.
for some poor people of third world.
In Pakistan we need some help for children education.
Can you do some support.
What you can do to keep your name alive?
Think about it.
Otherwise your money is safe.
Don't worry.
Hope to answer the question upto satisfaction.
2007-03-01 04:49:10 · answer #1 · answered by Muhammad Faraz Quadri 2 · 0⤊ 1⤋
No. Money market accounts are usually stable and often keep ahead of inflation. At your age a low-risk portfolio is best.
The other investments you may want to consider are annuities or a perpetuity. Consider everything carefully with your broker.
2007-03-01 12:15:27 · answer #2 · answered by Mac13eth 4 · 0⤊ 1⤋
It depends on how long you plan to live.
If you plan to live 20 more years, then you are a long term investor. Talk to a financial advisor. I am NOT saying put it all in penny stocks, but you can afford a little risk and get better returns
2007-03-01 16:56:49 · answer #3 · answered by NYC_Since_the_90s 6 · 0⤊ 0⤋
Depends on where you are and are you dependant on the returns as regular income. If your returns are regular and sufficient for your daily needs and are above the inflation rate, then keep it there. If you do not depend on it but would like to get higher returns than existing, there are many options. Since you are already of senior age, go for short-term investments (e.g. less than 5 years) such as equities, bonds, unit trusts etc. Or if you are active and wish to be involved, use it to start a business or invest in one that has potential. If you like to use your money to generate high returns for your family or children (e.g. long-term), I suggest you invest in property or land (as these will appreciate over time). Finally, I suggest you appoint a financial advisor or business consultant (like me) who would be able to handle your money professionally to generate high incomes (in return for a small fee).
2007-03-01 12:27:27 · answer #4 · answered by amn1717 3 · 0⤊ 1⤋
you could consider putting your money into a CD to earn more interest.
2007-03-01 12:16:53 · answer #5 · answered by XxForever&EverxX 3 · 0⤊ 0⤋
It depends what do you want your money to do do you want it to grow for more income? Or what ..what is your goal for it you can write back to me at bill67co@yahoo.com
2007-03-01 13:33:13 · answer #6 · answered by bill g 1 · 0⤊ 1⤋