2007-04-01 08:31:16 · 6 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Where you suppose to invest that money is determined by age and what you want from your investments.
For me, I would diversified it into mutual funds. I'm only 25 years old and retirement is years away. So I want to achieve high growth in my investments. I would put $4000 into my Roth IRA, $100,000 into my 5% online savings account, and the rest into mutual funds outside of the Roth IRA. As I get closer to retirement, I would invest less to high growth funds and more toward growth and income funds.
I currently have a mixture of different mutual funds from the same fund family in my Roth.
2007-04-01 16:31:32 · answer #1 · answered by Anonymous · 4⤊ 0⤋
That's too limited. I would diversify more. Some in the stock market, some in gold, even some real estate. Definitely some money market. If you really have that much money, go see a professional advisor.
2007-04-01 15:43:43 · answer #2 · answered by jdkilp 7 · 0⤊ 0⤋
Id most likely diversify it in a combination of the market, bonds, and some real estate. Id likely keep some of it in a money market because of guarenteed positive returns, however small.
2007-04-01 17:00:33 · answer #3 · answered by ? 3 · 0⤊ 0⤋
Well its better in the MMA until you can talk to an investment rep and get some great advise. Ask your bank about talking to your investment rep, its free and you get great advice.
2007-04-04 12:07:42 · answer #4 · answered by Pepper 6 · 0⤊ 0⤋
stock market my friend. i made soo much monney off of that. I
've doubled what i invested.
2007-04-01 15:39:07 · answer #5 · answered by Anonymous · 0⤊ 0⤋
250,000 in the bank
125,000 in the stock market
125,000 in mutual funds
2007-04-02 00:40:09 · answer #6 · answered by Eddie K 2 · 0⤊ 0⤋