If you had $60,000 - how would you invest? short term?

Answer 1

If I had $60,000 I'd never be stupid enough to ask this question to strangers that there's no way to verify their qualifications or motives.


Please don't invest your money based on answers you've gotten in Yahoo Answers. It could be financial suicide.

Answer 2

this is a broad question the first part of the question is what do you consider short term. I would say anything less then a year is short term. 1 to 5 years I would consider to be medium length and over 5 years I would consider long term. Now saying that i would also say that certain types of investments can change those numbers. short term for some investments maybe 5 years especially certain type of realestate investments.

Now another consideration is what is your risk tolerance. If you do not mind losing the money there are many things you could invest into and maybe double your money in a year or less but the risk is high. If you want no chance of losing the money I would go to a bank and put it in a CD for one year and you will have a guaranteed rate of return for the money you give them. Shop around for CD's different banks will have different rates some better then others.

then next thing you have to think about what is the money going to be used for after your short term is over? This is important. If you have to have the money then you will by the very nature of the need have to choose something more conservative if you have no specific purpose then you may be able to invest in something less conservative.

Me personally I would research and pick a nice stock that I think will do well not one to agressive but one that does have a chance to go up. I would suggest that if you do not know enough about stocks get help with this. If you are not comfortable with stocks go with a conservative mutual fund that has no fees. You will be in a short time and fees could eat your profits.

have fun and good luck. Remember it is always best for you to invest in something you know about then you will have a background to know if the decision you are making is good.

Answer 3

Short term is less than a year in the financial industry. Stocks, bonds, and related mutual funds are long term investments are therefore out. Check with a financial advisor so that you can invest that money in a money market fund. You could also shop around for bank CDs. Bankrate.com has a list of banks with the highest CD rates. If you don't want a CD, then you could try one of those online-only savings accounts from certain banks like ING, Citi, HSBC, and others that may offer you an APY of over 5%.

Answer 4

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Answer 5

To be safe I would buy closed end bond funds trading at a large discount. I have never lost a dime with this strategy and have made 10% in six weeks.
If I wanted to try for big $$$ and did not care if I lost it all I would buy 2400 puts in QQQQ June 45 strike price. If the NASDAQ drops 10% before June 16. The puts become worth $300 per contract and I have 3/4 million.

Answer 6

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Answer 7

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Answer 8

i would buy lotto tickets and hotpockets

Answer 9

BUY ENERGY & GOLD STOCKS.