Congratulations. Here is what I would do. First select a no load mutual fund like (Vanguard, T Rowe Price or Janus), I like Vanguard (yield on money market funs is over 5%) and put the money in a taxable money market mutual fund which will earn about 5% per annum. Then you should look into some of the funds that the mutual fund offers and assess your risk tolerance and then slowly dollar cost average into these funds on a monthly basis (maybe a growth & income fund or maybe a more aggressive fund depending on your age). This way you will not have to worry about market timing. Market is hitting all time highs now so you definitely want to dollar cost average here. Good luck.
2007-04-27 09:08:41
·
answer #1
·
answered by Michael L 2
·
0⤊
0⤋
I'm opening up a postnet franchise and need investors in palm beach! Are you interested? An attorney can draw up a contract that's agreeable to both parties and you'll recoup your initial investment within 2 years, plus 20% interest on principle. You can be a silent partner (above terms) or you can invest and work for a salary as well.
Of course there are many other businesses that are looking for investors. Be sure that any business you invest in will cover your initial attorney's expenses and the terms of repayment are stated clearly in the contract.
2007-04-27 09:09:53
·
answer #2
·
answered by Anonymous
·
0⤊
1⤋
First, congrats on your inheritance, my condolencences for your loss of the one who had it before you.
I do hope you have it parked somewhere that makes you some good interest, like a bank that is a member of the FDIC (http://www2.fdic.gov/idasp/).
What are you interested in? Some people look for companies they do business with, stores they shop at, makers of products they enjoy. For instance, you could buy some stock in that oil company you keep shelling out more money for gas to get around; or your phone company or utility; or maybe your insurance company or bank; you like shopping at Wal-Mart or Target or Gap or Coldwater Creek or whatever--these are publicly-traded companies, and you can own a piece of them if you want. Think about that when you visit Applebees, or Wendys or McDonalds or drink a Coke, or a Pepsi, or eat Kellogs cereal, etc. Make a list of things that are interesting, then look up their company stock and information about it. Check the news, tensions rising in this dangerous world? Look at Lockheed or Boeing or United Technologies. Want something "green"? Oh, there are ethanol companies galore, there are scads of solar cell companies, there are even companies like British Petroleum (remember their recent ads, "Beyond Petroleum") and General Electric (makes superb wind turbines for making electricity out of wind or enhanced electric generators to reduce pollution from railroad locomotives or more efficient jet engines).
Consider exchange traded funds, where you can buy into bunches of things--SPY buys the Standard & Poors 500, DIA buys the Dow Jones Industrials, NY buys the biggest 100 companies on the New York Stock Exchange, and the list goes on (check out Ishares: http://www.ishares.com/ ).
Make a list, take your time, and don't put it all in one place. Oh, yeah, don't get greedy, so if some stock manager is telling you about some super great profits if you buy into their system (for a big bunch of bucks), say you are going to walk before you start to run, fair enough?
2007-04-27 16:59:34
·
answer #3
·
answered by Rabbit 7
·
0⤊
0⤋
If you live in Ohio, I can help. If not, try using an actively managed mutual fund... Goldman Sachs and Oppenheimer have good ones. Or you can do low cost investing through Vanguard or Fidelity at their respective websites. Mutual funds will keep the money liquid in case you need it for emergencies.
2007-04-27 09:06:05
·
answer #4
·
answered by Too Confused 1
·
0⤊
0⤋
Go to your Bank or any high street Bank and ask for Personal Asset management service. Usually they will allot financial investment advisor who will work with you as per your individual requirements.
2007-04-27 08:59:26
·
answer #5
·
answered by mangal 4
·
0⤊
0⤋
You can invest it in stocks or but property(land) or buy a house (put 40,000 as down payment and rent the house and also live in it.
2007-04-27 08:56:43
·
answer #6
·
answered by Anonymous
·
0⤊
0⤋