I sold a property and made $50K. What is the best way to invest that money?
Refiance my home and lower my payments?, etc?
2007-11-29 03:09:40 · 5 answers · asked by royder1976 3 in Business & Finance ➔ Personal Finance
put 6 months in laddered cds for a rainy day fund -- one due each month after 6 months amount in each cd should be a month of livig expenses --- put 5k in a roth ira = if you need a tax write off put max in a regular ira == anything lift i would put in mutual funds!!!
2007-12-02 10:58:54 · answer #1 · answered by Anonymous · 0⤊ 0⤋
And credit card owed, pay them off first. You have any 401 or retirement investment? Tax deferred. If you can afford your current mortgage payment leave it alone. However if you have an older home, updating some of the rooms can increase the value
2007-11-29 11:23:52 · answer #2 · answered by jadamgrd 7 · 1⤊ 0⤋
invest al of it and the take the fruits of my labor later in life.
2007-11-29 11:18:26 · answer #3 · answered by Gillbates 2 · 0⤊ 0⤋
I would invest.
2007-11-29 12:30:03 · answer #4 · answered by Anonymous · 0⤊ 0⤋
buy a camaro
2007-11-29 11:16:50 · answer #5 · answered by carlos r 2 · 0⤊ 1⤋