How should I invest 10,000 dollars with no time restrictions?

Question

Great answers- thanks to all!

Answer 1

Index Mutual Fund or Balanced Mutual Fund will be a safe bet for a beginner.

Another way is to invest in a good stock with a holding period of at least 10 years. Results has shown that it is almost riskless. Along the way, if you are experienced enough, you could sell 1 call options contract for every 100 shares that you own (in US markets) on a monthly basis to generate additional income. This is covered call strategy. Please read up on options if you do not know what it is.

Answer 2

Put the $10,000 in a high yielding money market fund. Invest $350 per month in a well diversified .....low fee mutual fund over the next three years. Hopefully continue this process with new funds forever. This is called dollar cost averaging and as long as you don't need the money you can't lose. You buy when the market is low and when it is high and in 10 years it dosen't matter. Your average cost should be well below the market.

Answer 3

a quick rule to remember that will help you.it's called the "Rule of 72" you take the interest rate you're earning and divide it by 72. ie. 10% divided by 72 = 7.2 that means your money will double every 7.2 years.that may help you in balancing safe vs. growth. A Variable Annuity (investing in mutual funds) would be a safe vehicle provided who sets it up splits the percentages right.
example if you average 12% and you're 30 years old.
at 36 $ 20,000
at42 $40,000
48 $80,000
54 $160,000
60 $320,000
66 $640,000
72 $1.2 million
AND if you were to add 100.00 to your principal account every month starting now, it could grow 3x the 1.2 mil
This would be an example if you wanted to save thet money till retirement. You can't draw out of an Annuity without penalty untill you're 59 1/2 yrs old.

Answer 4

i've got had the suitable success with CD's. they do no longer look to be as probably rewarding as different investments and the charges are down good now, yet they're certain and secure. you comprehend what you would be disposing of once you place it in. except you have some form of "insider recommendations", the inventory industry is relatively risky good now. i offered right into a mutual fund that my financial institution talked me into and misplaced $800 in a three hundred and sixty 5 days. I earned a pair of thousand with the comparable volume of money on a CD. in case you do decide for in this characteristic, save around for the suitable fee and confirm to get one that the interest compounds daily particularly of month-to-month.

Answer 5

Best way to invest would be to learn everything you need to know before putting your money into the marlets.

I personally suggest visiting vanguard.com to learn about mutual funds, index funds, and ETFs. Stay away from trying to pick individual stocks as a beginner or you will become very frustrated.

Answer 6

I suggest you educate yourself in the stock market before doing anything with your money. If you are not willing to educate yourself, I would recommend you put the money into a mutual fund of somekind (Let the professionals handle the dirty work). Check out my blog, Ive posted a couple articles on how to analyze companies for beginners. (click on my profile, link located next to 'About Me'). Good luck in your ventures.

Answer 7

Wait until the market bottoms out and buy index funds. Read Money magazine and it will recommend several good ones.

Answer 8

You can open an free Marketiva forex online trading account , 5 USD live fund and 10000 USD virtual fund already in your account.!
Open an free account and get $5 reward!
http://www-forex.spaces.live.com

Answer 9

Mail it in a brown paper bag to "Occupant"...

You can use my address ... it's OK!

;-)

You can't take it with you until you give it away to a good cause. Tax receipts are allowed in heaven, and you get a free picture frame too.