or just take my money out and invest it in buying selling properties or cars? I have approx $25K now but I am afraid to loose it all eventually - I invested $20K over 5 yrs ago and it now barely at $25K? What to do?
2007-03-19 18:53:53 · 4 answers · asked by livingadream 4 in Business & Finance ➔ Investing
I live in a small town where I could probably get at least two small rental units with that money. Serious answers only please!
2007-03-19 19:06:04 · update #1
I live in a small town where I could probably get at least two small rental units with that money. Serious answers only please!
2007-03-19 19:06:08 · update #2
Here is your diagnosis: you have been getting bad advice from your broker and are not personally skilled enough in the stock market to do well on your own. So, get your money out of stocks and find something else you are comfortable with. Something about which you can say "Hey, I know pretty much how to do that". Yes, there are people who make money in the stock market. I am one, in fact. But it takes a heck of a lot of study. Years and years. Doesn't come easy or cheap. Not suitable for most people.
Bottom line -- don't trust the broker. He gets paid whether you gain or lose. Rescue your money and get into something you understand better.
2007-03-19 21:57:54 · answer #1 · answered by ZORCH 6 · 0⤊ 0⤋
I hope you did not invest in individual stocks. That is a really bad idea for about 99.99% of the general population. The other few people do nothing but analyze companies, markets, and futures or whatever. If you get a good mix of different mutual funds, you will do better. Just don't buy high and sell low. If a fund goes up, it is generally NOT time to buy. If a fund goes down, it is generally NOT time to bail out. Find a well-managed family of funds and get in for the long haul.
2007-03-20 02:33:40 · answer #2 · answered by Lee 5 · 0⤊ 0⤋
put the money into united states saving bonds and keep them til they mature.......the housing market will burst bad starting after November 2007; that will affect a lot of things...
own one house, live within your means, have health insurance or never get sick...help others when you can..[throw bread upon the waters].
2007-03-20 02:08:05 · answer #3 · answered by bollin772000 2 · 0⤊ 0⤋
hide the money under your bed.
2007-03-20 02:01:17 · answer #4 · answered by C J 4 · 0⤊ 0⤋