What's the best way to invest $20,000?

Answer 1

At the moment 3-mo t-bills look very attractive. About $15,000 there. The major money center banks have been beaten down pretty badly because of the concern over mortgage defaults. They may offer an opportunity, but I could be all wet there. Chinese stocks have also been beaten down some. CHL looks attractive. But again it may be more attractive next month.

Answer 2

In answer to a similar question in Personal Finance section
"What is the best long term investment in the stock market."

best is way too subjective of a term, but here goes:

I'd invest in a diversified stock mutual fund.
derek's answer (I hope he doesn't mind me using his answer here, but I need it as I refer to it.)


Answer from me, gosh137

Nobody knows. What is best for one, is bad for another. 100 years ago, most people thought the new noisy, dirty allways broken down "automobile" would never amount to much and buggy whips would be the "best" investment. A few years later, Henry Ford's Model T proved them wrong. 25 years ago, people thought, why wait a week to see pictures when a "Polaroid" is ready in 60 seconds. Where are they now? Maybe something used by most people in the world, used everyday, used up quickly and bought again is todays "best" investment. Soap has been around for hundreds of years, will Proctor & Gamble, Colgate Palmolive, Dial, etc. still be making it 100 years from now? Or next year will someone invent a "cleaning ray" where you step into a "shower" fully clothed, turn on the "lignt cleaning ray" for 30 seconds and both your clothes and you are fully clean? Whatever you choose, keep a watch on it. The "best" of today can be the buggy whip of tomorrow. If you don't have the time to keep close watch on your investment, then I agree with the first responder, a well diversified mutual fund, with a hand in everything maybe best (a combination of safety and past returns).

Answer 3

I would buy a short term CD and in the mean time I would find out as much as I could about the stock market it might be the best for you it might not but check it out and see if it appeals to you. I like it and it is very good just not right now it is going down but when it turns around it is going to be were you want to be most likely. Before you invest It is wise to read many books. Like Stock Investing for Dummies, 24 Essential Lessons for Investment Success, A Begginers Guide to Day Trading Online, Trading for Dummies.

Answer 4

In your own education of finances so you can form educated decisions about what to do with your money. If you listen to anyone who mentions diversity or mutual funds, do not listen. Success is based upon you using F.O.C.U.S. - Follow One Course Until Successful. Diversity creates too much attention in other directions, mutual funds are fancy savings accounts that charge you to hold and play with your money. I read a previous answer where someone placed $5k in an account and in 15 years it is "quadtriple"? Whatever that means, if it takes you 15 years to make $20K off of $5k, that is not a good investment, but as with us all, that is my opinion. I can take $5k and turn it into $20K in about 6 months.

Take some courses or attend some seminars that will teach you what to do with your money. Investing in yourself is the best investment you can make.

Best wishes...

Answer 5

I went to college and then took some other courses that have helped me build my career.

I also think that a good, diversified portfolio of stock mutual funds is a sound way to invest money.

Answer 6

in my town.. i'd go see my edward jones representative or similar places. banks. also place to research.

they will help you decide if long term, short term or what is best.

i did it 15 yrs ago with 5,000. right now have over quadtriple my amount.

Answer 7

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