Imagine the following scenario:
I inherited $1,000,000 from my rich Uncle Homer and I really would like to find a good company to invest in. I am looking to invest this amount over the next ten years or so but I need your help. What company should I invest in and why?
2007-03-27 06:10:04 · 11 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
I would invest in Virtucon. Most recently, they have opened a factory in Chicago that makes models of little factories.
2007-03-27 06:14:59 · answer #1 · answered by Anonymous · 1⤊ 0⤋
You shouldn't. Don't put all of your eggs in one basket. You should have a nice asset allocation mix. Some fixed income, some stocks, some mutual funds, and all varying mid cap, large cap, small cap, yadda yadda. If you really do inherit a large sum, do youself a favor and hire a financial advisor. A smart advisor can invest your money so that you could live off of the interest it earns while in retirement, or even grow it to multi-millons by the time you retire.
2007-03-27 06:17:38 · answer #2 · answered by lissa2882 2 · 0⤊ 0⤋
With so much changing in the economy and all, did you ever consider starting up a business of your own instead? Like a publishing company or something multimedia maybe that is guaranteed to be around for a while.
2007-03-27 06:17:56 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Do your home work.
If you haven't got a head for it, read other peoples books on the subjects recommended by a few people here. Books cost between $20.00 and $30.00.
Some of the others may have given you Authors, of books, names without concluding they were losing their own chance at earning your money.
Do you need someone to advise you? Get a corporate lawyers advice that you can manage a valid working relationship with.
2007-03-27 06:28:57 · answer #4 · answered by d4d9er 5 · 1⤊ 0⤋
None, take that 1,000,000, get a nice house, flip that house (make it even nicer) and sell it at a profit. Get another house for double that price, flip THAT house, and so on and so on, there are millionaires out there that do this and stay at home pretty much and hire people now to do this for them. I would love to be able to do this.
2007-03-27 06:18:31 · answer #5 · answered by atlantagal 5 · 0⤊ 0⤋
Berkshire Hathaway. Warren Buffet created a money making machine.
2007-03-27 06:16:46 · answer #6 · answered by blakereik 4 · 0⤊ 0⤋
buy land with 3/4 of it, many plots, many acres
then put some in bonds, tax free minicipay ones at 5% I think
then buy an index fund
or 12 different stocks in different sectors if you know a little about it
2007-03-27 06:15:09 · answer #7 · answered by Anonymous · 0⤊ 0⤋
whit me here in peru... here there is a lot of oportunities to make business .. but there's no money.. if you have money you can invest here in peru.
and i can help you if you want of course
2007-03-27 06:29:01 · answer #8 · answered by Anonymous · 0⤊ 0⤋
buy a home, if you can buy a condo and rent it out. ask an expert what is best. gold and siver is good.
2007-03-27 06:16:18 · answer #9 · answered by Anonymous · 0⤊ 0⤋
mostly internet business
2007-03-28 20:47:46 · answer #10 · answered by Anonymous · 0⤊ 0⤋