i want to invest in somehting and i dont know what, I was thinking about condos or duplexes? what do you think? and how can i learn more about investments?
2007-03-26 09:41:33 · 3 answers · asked by clbell 1 in Business & Finance ➔ Investing
Take a look at a condo. Figure out how much you can charge for it in rent over a year. Divide that by asking price. Compare the resulting number (called "yield") with the interest rate you will be paying on the mortgage. If the yield is comfortably above the interest rate, consider investing, otherwise, don't touch it with a ten-foot pole...
2007-03-26 09:54:24 · answer #1 · answered by NC 7 · 0⤊ 0⤋
Probably not the best time to invest in Real Estate, esp. Condos (unless you plan to live there for a while).
My advice to learn about investing is to open a Mutual Fund by creating an account with Fidelity, Schwab, etc. Mutual Funds invest your money in hundreds of stocks within the investment class you choose.
If you are interested in Real Estate, put some money into a Mutual fund that invests in REITS (Real Estate Investment Trusts). Follow the news of your chosen industry to see what moves your particular market. Again, if you choose to invest in a Mutual Fund that focuses on Energy, follow the news to see why your Mutual Fund went up or down that day. What was the news driving the market.
After you get a better understanding of what moves your market you can then begin to take a percentage of your portfolio and invest in individual stocks. But in the beginning, Mutual Funds will help diversify your risk among many different stocks
2007-03-26 17:01:04 · answer #2 · answered by Rick 3 · 0⤊ 0⤋
money market accounts and CDs do that and just keep the cds rolling over and over and do that forever no risk at all.
2007-03-28 13:08:10 · answer #3 · answered by frank the tank 1 · 0⤊ 0⤋