I now it is NOT too much, but where can I invest that? (i really would like help from the experience ones out there)
Was thinking an addition to my home...but don't know, maybe a little land somewhere outside the country but i have no clue.
Please help me if you know. Think outside the box please.
2007-03-28 12:34:29 · 4 answers · asked by Latina_Rica 2 in Business & Finance ➔ Investing
First, congratulations on an excellent choice to sell and invest the proceeds. If you are looking for a simple, "hands-free" investment, an index fund is your best choice. You'll get broad diversification, stability, and low expenses. I personally prefer the fundamental-weighted ETFs at Wisdom Tree: http://www.wisdomtree.com .
But really, if you're trying to improve your financial situation, why not take some time to learn more about the markets? Check out the Motley Fool: http://www.fool.com , which is a fun site with all kinds of great info and a supportive community. I run a free financial site as well, which you might want to check out: http://www.quitecontrarian.com
Best of luck.
2007-03-28 12:43:33 · answer #1 · answered by Quite Contrarian 2 · 1⤊ 0⤋
Put it into an IRA. You can deduct up to 4,000 of it on your taxes, once in the IRA invest it in ticker RSP on the NYSE, which is an equal weight ETF based on the S&P 500 Index. The equal weight gives you more exposure to small caps and will out-perform the S&P.
This will give you a global exposure as well as US and diversification in 500 great companies.
Hold it for 30 years. It also pays a dividend.
2007-03-28 19:44:21 · answer #2 · answered by Steve 3 · 1⤊ 0⤋
Prosper.com
2007-03-28 19:42:24 · answer #3 · answered by hmmm123 3 · 1⤊ 0⤋
oil or try www.ny-stock.com
2007-03-28 22:01:56 · answer #4 · answered by Anonymous · 0⤊ 0⤋