need investment advice?

Question

I have about 30-40k cash, what would u guys suggest to invest that into, or what kind of business to open...thanx

Answer 1

I never was much enthused about opening my own business. Too much hastle. But certainly for someone so inclined, it is a road to wealth and also fulfilment if it succeeds. If it fails that it a whole different ball game.

Investing is what I do. And your question comes at a very interesting time. It is looking more and more like the economy is going to go into a recession interest rate cuts or not. So sitting tight on that cash for a while would be a very good bet. When the equity markets look as though there will be no end to the disaster that has befallen them, jump in with both feet. I think it should occur about 18 to 30 months from now. Timing will of course be a big variable. T-bills make a really sound place to sit this one out.

If you are not too risk averse you migh consider investing about 10% currently in a nice Chinese stocks mutual fund for the long haul. CHN and TDF are a couple that have promise. Of course a recession in the U S will impact China also.

Answer 2

'Or what kind of business to open'? Gee, I have no idea (1) what you are capable of, or interested in, and (2) I have no idea what your local economy needs. I was in a small town several years ago and remarked to someone about what a nice place it is to live. That person was a fairly influential person in the community and said, "You know, this town really needs a hardware store." I could catch the hint, but I was not interested in opening a hardware store, in that little town or anywhere else.

As for investment advice, since you use the term 'invest' instead of 'trade', what kinds of things interest you? Do you like Coke or prefer to drink Pepsi? Both are good and profitable companies. Want something broader? There are always ETFs (or the more expensive traditional mutual funds). Consider some of these: DIA (Dow Jones Industrials), SPY (Standard & Poors 500), NY (top 100 companies on the NYSE), IOO (top 100 publicly-traded international stocks), or perhaps DVY (Dow Jones Dividend) or possibly PXN (Powershares' Nanotechnology, top players in that innovative new area--some amazing things coming from them). Scout out alternative enegy companies, solar perhaps, something has got to eventually replace oil and coal. Scout out new technology players, wimax and cellphone entertainment providers maybe worth a look. Then when looking, if something floats your boat, and the company is profitable, or appears to be close, go for it. Good luck.

Answer 3

First put all the money in Savings Account. Dont hold extra cash on hand. Then decide your goals and invest in stocks, Mutual Funds and some Insurance for Retirement Plan. Dont invest all the money in one go. Invest as and when the opportunities arise. Get an advice of Good Financial Advisor. Good Luck.

Answer 4

With out knowing your background here is what I suggest. Get a universal whole life insurance, It's protection now and retirement plan later. Also get in contact with an investment agent like I did. And they will explain the different investment groups and which one is better for your age.
With the rest of the money do some research of what business is booming right now and doesn't take much money to start, and do it.

Answer 5

tax liens are viable alternatives as suggested above, but you have to deal with an elaborate bidding process and invest a lot of time in following up if you want to close after the right of redemption.

when this economy, and the rest of the world for that matter, do end up in a recession, hold cash until the situation is absolutely dire, that is when a lot of buying activity will be going on in the stock market (i would be hedging with LEAPS in growth-oriented stocks)

Answer 6

First I would not take investment advice from Yahoo Answers. I would talk to a investment counselor like Edward Jones. They will help you decide what to do with your cash. Don't listen to Yahoo Answers for your advice you would have better luck going to Vegas and betting on Black.....lol

Answer 7

Here is an investment that can give a 80% interest on your investment in less than 12 months.
For example.. if you invest $15,000 - you will get up to $30,000 12 months later.


http://www.geocities.com/mikeerv/

Answer 8

I suggest you to open a brokerage account at Zecco and invest wisely with the help of a Portfolio Manager with over a decade of experience in the Stock Markets like myself.

Answer 9

the Word is you need to diversify
buy some stocks, tax liens and maybe a mutual fund or two

example I would do with 30k
20k in say some Solar panel companies and General Electric

5k in Tax Lien (return varies from 0% to 300% depending on state - http://www.theforeclosuresinfo.com/tax-lien.html)

5k in mutual funds (vanguard, fidelity or trowe price)

course research is the key to being a successful investor and making money

Answer 10

Hi, i recommand you a good and basic tutorial for investing. it covers all Issues related to your Investing and everything around it.

http://www.tutorialforyou.net/investing/

wish it will help you.