I am 24 and have a injury settlement coming soon. I have little knowledge in investing but am reading many books on it, (kiplingers guide, toni turner's guide short term and day tradeing) it intrust me very much. This money is not for a house i have a total of $200,000 after my lawyer fee and am useing the other hundred to pay of my truck, put a down payment of like 30k on a house and other fun stuff. Thats a hole other ?
2007-04-13 00:34:25 · 18 answers · asked by GRANT. Y 2 in Business & Finance ➔ Investing
is it worth it to invest it all and wait 6months to a year then get a house or would that not produce enough to justify it. What kind of income is realistic
2007-04-13 02:00:56 · update #1
is it worth it to invest it all and wait 6months to a year then get a house or would that not produce enough to justify it. What kind of income is realistic
2007-04-13 02:00:58 · update #2
Am i better to buy 2 run down houses and fix em up. construction is nothing new to me i have lots of connections for remodiling work
2007-04-13 02:04:14 · update #3
Yes it is very possible. I am a retired banker and at the Bank of America building I worked in I was V.P. We did two things one we would take all deposits for the day and invest in the government by making overnight loans. This option is only for FDIC institutions. The other thing we did which was alot more profitable is invest in what is called the forex market which is currency trading. In this market we had an office whereby we tracked currencies and we had a person commit trades on behalf of the bank. The rate of return varied from 1% profit to 9% profit depending on how long we kept a currency and what the market changes were. These precentages were on a monthly basis and we did conservative trading in other words we did not risk the funds by trying to hold out for larger profits as it can go either way the more you try to earn on a trade.
If you want to make an income of $4,000.00 a month then $100,000.00 would be a solid choice.You would not have to earn much in the market to attain that goal, But I must caution if you have not traded in the market before and if you are not willing to do the research and invest the time to follow trends and conditions then I would either hire someone who is an experienced trader or see if there is an investment club that you can invest through.
If through a trader ask him/her if they can teach you how to trade or at least why they made a trade .If through a club , normally investment clubs have newsletters that explain the market.
As far as investing all the funds at one time I would say if you have any debt pay it off first, Next as far as buying a house There again you need to do research and find a property that will increase in value over time. You really need to be careful here as the current RE markets have changed dramatically and the profits of RE are not being made the way the were the past ten years.
I know a house seems like a solid investment but you may want to consider raw land for a long term investment ....Why is because there is no maintence cost so to speak and with the countries ecconmy constantly changeing, developers are always looking for land. So if you research an area and see that wow they sure are building a lot west of town then you might want to find property in that direction.
But to answer your question again yes you can make a good monthly income and I suggest the forex market and I suggest you seek a club as they do not charge fees whereas a trader will. If you join a club try to learn as much as possible until you feel comfortable investing yourself I would say a year to two years as there really is alot to learn. Then when you decide to try the forex yourself I would stay with the club while I made some small trades to see if I truly am on track.
Well I hope I have been of help and Good Luck.
2007-04-13 05:05:09 · answer #1 · answered by Robert N 2 · 3⤊ 5⤋
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2016-05-03 06:04:51 · answer #2 · answered by Anonymous · 0⤊ 0⤋
No, $100,000 investment cannot produce $3000-$5000 a month. If you are lucky and smart you might be able to get $500 a month.
2015-12-15 14:16:52 · answer #3 · answered by ? 1 · 2⤊ 1⤋
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RE:
Can a $100,000 investment produce $3000-$5000 a month?
I am 24 and have a injury settlement coming soon. I have little knowledge in investing but am reading many books on it, (kiplingers guide, toni turner's guide short term and day tradeing) it intrust me very much. This money is not for a house i have a total of $200,000 after my lawyer fee and...
2015-08-10 12:46:13 · answer #4 · answered by Anonymous · 0⤊ 2⤋
NO...$100,000 if properly diversified could comfortably produce about $6000 A YEAR. With your investments it is a good rule that you can take 6%/yr of your account value as income. At $3000/month, you would run through that money in 4 years. JC
2007-04-13 01:34:30 · answer #5 · answered by jc 1 · 4⤊ 1⤋
You may think that is a lot of money but in reality it is not. But it is an amazing opportunity you will be on your way to having a foundation for a great life. Unless you do what many do... wake up one day and there is nothing left.
First of all properly invested SAFELY you will get around $12000 a year on $100 K. Trying to invest in properties, day trading, etc. will cause you to lose your money. The key is slow growth and if you start at 24 it will compound quickly. People who have money realize this.
The number one keystone for financial security is a house. This goes up in value and you will no longer be throwing your money away on rent. Put the rest away in mutual funds, money markets and such. Then one day when you understand investing you can make a few changes. This kind of money is not "I won't ever work again money". If you have to do a different kind of job now use some money for school.
And if you are going to try to start daytrading or turn the money into more "real fast" and not start at the bottom like I said........ you might as well just blow it on one big party. So later when you know more and are older and wishing you hadn't screwed it up.... you can at least think about how much fun that night was.
2007-04-13 02:46:40 · answer #6 · answered by jackson 7 · 1⤊ 4⤋
Don't listen to the people who tell you to use mutual funds or a fund manager because they are clearly uneducated. Most mutual funds lost half the value in 2008 which would never happen to an intelligent, conservative trader. With 100K you could easily make $3000 a month just with covered option calls with very little risk. Go to this covered call calculator and use a blue chip like IBM as your stock. Today you could get 500 shares for $90k and sell covered calls for the rest of your life. Learn everything you can from that site and you can make a whole lot more than a measley 3k
2014-07-14 08:21:44 · answer #7 · answered by ? 1 · 2⤊ 2⤋
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2016-02-16 16:14:59 · answer #8 · answered by ? 3 · 0⤊ 0⤋
It is possible to do. I did it for fun to make a extra bit of money playing the US market since it goes up and down the most. You just got to know everything about a company and the whole market. E.g. if its about to release a new product. For example we put money into apple inc since we thought it would go up since it was releasing its new iphone. You just got to be smart and takes risk. Sure I have lost money but I have gained more than what I have lost. You got to be real smart and know everything that happens because if you don't you might make money and then just loss it again if you are not careful in what you do. It is possible. Just don't go with the main stream go with companies that are down like general motors. Its share price is down and its losing money. But when they are down that's when they get there best ideas. But not everyone has the skills and it is very unlikely people succeed.
2016-03-18 09:38:05 · answer #9 · answered by Anonymous · 0⤊ 0⤋
You'd need years of experiance to make 3% - 5% a month growth. That's averaging 48% a year. How many mutual fund managers average that much each year?
At your age a better idea is to spend some time really learning investing. Paper trade. Paper trade. Paper trade.
(ThinkOrSwim.com has a great platform for paper trading... and it's FREE!!!!!!).
In the interim, work on an asset allocation model that works for you and get that money working.
2007-04-13 01:58:07 · answer #10 · answered by Common Sense 7 · 0⤊ 2⤋