I have 20 thousand dollars that i do not need for the immediate future what would be the best way to invest it

Answer 1

19 answers !! ...and not one ( except Joe) made much sense.
So let's start at the beginning..." immediate future"...what does that mean ? one year? five?...makes all the difference in the world. If you are talking four or five years, I would suggest that you take about a weekend to read, read, read ( mostly on-line) about " investing". Then when you have even a tiny understanding of mutual funds or ETF's...open an account ( easily done at E-trade, Fidelity, Vanguard, etc.)
Get yourself invested in the companies in the U.S. and around the world that are growing and throwing off profits for anyone to share in... why shouldn't it be YOU ?
Once you've done just a little investgating...you can get " quotes" for funds on finance/yahoo or many other sites...
Look at " performance" ...do you see returns of 15 %.?..23%?..27%/ ... that could be YOUR money working for YOU.
I'll suggest a couple of funds to look at, but there are a zillion others... FLVCX...NBGEX...FAIRX...FEMKX.FGBLX..EUROX
Get those quotes ( a couple have DOUBLED in three years).
If you want to take a cautious approach...then put ten in the best bank account you can find...and split the other ten in three of those funds...see where you stand in six months or a year!!
Better advice: Make your first " investment" into a " self- directed" ROTH IRA ( you decide where its invested)...kiss that 4 grand goodbye for years to come...but it'll be there 50 times over when you need it !! Besides, if you are in some good international growth funds you'll make up that 4 grand in no time.
Take that time...read..get it done. Millions of people handle it..you can, too.
P.S. In "previewing" my message I see that a couple of funds were left off...FGBLX...EUROX
Good luck.

Answer 2

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RE:
I have 20 thousand dollars that i do not need for the immediate future what would be the best way to invest it

Answer 3

20 Thousand Dollars

Answer 4

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Jake has the most sensible answer I've read on here. He's right. Most people who win that kind of money would probably quit their jobs and try to kick back and enjoy life of the rich and famous. Unfortunately, you are not famous, and you can be rich temporarily if you are not careful. Every penny you give away in a fit of well meaning generosity is money you won't get back. And the lower your income from the money. The most sensible thing to do is to invest the money wisely. Use the income to buy the things you want, and if you decided to help out immediate family members, do it a bit at a time. But eating into your cash by giving away 20% of it on day one, is long term going to hurt you. Apart from anything else, I've seen an example of this. I know this guy who is quite rich. He sold a company for $20m+ many years ago. He gave each of his kids a very large chunk of money. Less than half of those kids have a penny to show for his generosity these days. And not a week goes by when one of his kids or extended family are not there with their hand out looking for more. Once your friends and family find out you won the lottery, you'll be amazed how often you get asked for money. And not just small amounts either. People will casually ask you for tens of thousands of dollars. And even if you give them a bunch of money, some will still ask for more. If I won £5m ($9m) after tax, I would buy a nice home, a few luxuries, and then invest as much of the rest as possible to ensure a very comfortable life for my families future. But I would not get into a massive cash giveaway instantly without thinking long and hard about it for at least a year, and talking with some financial advisers. The great thing about Jake's philosophy is that if you are smart you can buy all the nice things in life carefully, and still have a nice income. After a few years, you will have all the material things you've always wanted. At that point, much of your sizable monthly income can start getting reinvested back into your capital, to ensure that your income grows with inflation. Sooner or later you'll start to have spare money to give to people at will. But you have to keep in mind the perils of doing that. I remember Oprah talking one time in an interview about how she had family members begging for money all the time. And even if she helped them out, they'd be back looking for more later. If she said no they would be indignant and hurt, like she was being mean. Money can cause a lot of strife, no matter how 'nice' you think you are being with it.

Answer 5

It really depends on your time frame. If you have more than 3-5 years before you are going to need the money then yes the stock market is a great idea. Diversifying is always recommended so that you don't have all of your eggs in one basket. If you are looking more short term then a CD, or some sort of money market instrument might be a better idea. If you currently have a financial adviser it might be a good idea to talk to them as they know your current financial situation and can better assess what might be best for you.

Answer 6

You have the right idea Markdama. To invest there are several questions needed to be asked. 1. What is your age? 2. what is the time limit needed to recoup your profit?
3. Can you wait over a period of time without taking out your investment capital? I suggest either a endowment
bond or government bond, also Fannie Mae.
Spartawo...

Answer 7

Commodities. For instance, heating oil always goes up going into the winter. 5 years ago, the price per gallon went up 140% in 6 months. That was an extreme shift, granted, but theres almost always a large quick profit. Keep an eye on the price and be ready to sell fast. Another good bet is soybeans. As long as the stinking hippies keep eating it, might as well make some cash off 'em. :)

Answer 8

Looking into RE investment, you may be able to buy more with than your face value ($20K) these days with RE sub prime mortgage choked-up.

Learn about REI and use this fund to leverage it, ask more questions and find proven record person can show you how they did it. Lots of trick in the business, knowledge won't replace experience, be carefull but be decisive.

Good Luck

Answer 9

Me too. Same amount. Any advice?

Right now I have most of it in an ING account at 4.3%. I've got the rest in bonds that I'd like to cash in since I think the savings acct is overproducing them.
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I just put 5K in to a 4.9% CD and 2500 in another 4.9% 6 month. The 9 and 12 didnt have a better rate, and I'd rather do shorter term like that anyway.

Answer 10

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