as to where I can invest it in order to make the most of it. I cannot afford to do anything too risky where I can lose my money. Any suggestions ?
2007-08-13 06:48:10 · 7 answers · asked by confuzed 1 in Business & Finance ➔ Investing
For minimal risk, try the online savings accounts mentioned above, or Vanguard's money market account, or shop around at banks and credit unions for CDs with the best interest rate.
Stocks (including stock mutual funds) and real estate have a substantial risk of losing money.
2007-08-13 07:11:33 · answer #1 · answered by rainfingers 4 · 0⤊ 0⤋
I also think Scottrade and mutual funds are sensible ideas.
I had an account with Charles Schwab. They have ridiculous account maintenance fees.
You can research and select mutual funds with online services such as Morningstar. Finance.Yahoo.com has a similar service.
A few years ago I selected a top performer from Medium Cap Growth funds. At that time, the market was rebounding from the Dot Com meltdown. The fund I chose performed well for 5 years. It went up faster than most in an up market and dropped less in a down market.
If you expect to continue investing for awhile, you can bias your decision based on demographic trends. For example, healthcare and pharmaceuticals should be strong for decades because baby boomers from World War II are getting old AND because they have financial reserves.
Good luck,
- CarlD
2007-08-13 14:53:23 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Open a account on Scottrade and select some Mutual Funds or just into a high yielding Savings:
Currently:
ING Direct has it @ 4.5%
HSBC is @ 5.05%
Automatically deposit the 2K each month into the the account and you'll be surprised how much interest you'll get. Personally, I think Real Estate is too risky @ this time, depending on where you'll located. With the crazy market it's better gaining something than losing! Good Luck!
2007-08-13 14:00:14 · answer #3 · answered by MarkyMarkC 3 · 0⤊ 0⤋
If you want to minimize the risk of loss, think in terms of short term investments like money market funds that invest only in U.S. Treasury securities, federally guaranteed money market accounts (credit unions or online banks will probably have better interest rates), or U.S. Treasury bills. See the first webpage listed below for more information.
If you are investing long term for retirement and can live with some of the ups and downs of the stock market, think about a lifecycle or target retirement date fund. The management of these funds allocate your money into a diversified portfolio, so you don't have to do any money management yourself. You can lose money in these investments, but they are focused on long term retirement investing, and offer a reasonable chance for significant gains if you buy and hold. See the second webpage listed below for more information.
2007-08-14 02:35:37 · answer #4 · answered by Uncle Leo 5 · 0⤊ 0⤋
I have the your answer! The safest, most profitable way to invest for the long term is to buy Mutual Funds that double the market returns, and know exactly when to get out! Go to: www.protect-your-retirement and find out how easy it is.
2007-08-13 18:34:07 · answer #5 · answered by Retirement Indicator 1 · 0⤊ 0⤋
Spread it out, try for at least 10 sectors
I like the following
Gold sectors
Oil sectors
City bonds ( make sure they are rated A )
CDs
IBM
MS
dow
2007-08-13 13:57:50 · answer #6 · answered by ? 3 · 1⤊ 0⤋
land land and more land
2007-08-13 13:53:57 · answer #7 · answered by k man 3 · 0⤊ 1⤋