I have 70k sitting in a stupid saving account i dont know where to invest it?

Question

please i need some serious help in two months i will have to use at least 40k of it on my house but the rest is to invest

Answer 1

Diversified mutual funds, investing in domestic and international stocks, are safer way to invest, specifically, if you don't have a large sum to invest.

You can open you own brokerage account with Fidelity or other brokerage companies, and buy no load (no fee) mutual funds.

You can have a mix of aggressive, moderate and conservative mutual funds. If you are young, you may consider a aggressive portfolio.

There are financial planners who manage non-IRA & IRA accounts for a fee.

Answer 2

That's a decent sum of money (even the $30K) and with the rocky market we have you should educate yourself so you don't lose it.

I'd encourage you to look at dividend producing stocks, esp. those that pay monthly or quarterly, because it is harder for such a company to "cook the books." They also do as well, if not better, in the capital appreciation department.

If you truly wish to invest (long-term) as opposed to trading (trying to make a quick buck with buying and selling rapidly), then you could read some quality materials. I liked
The New Buffetology
by Mary Buffet,
former daughter-in-law of THE Warren Buffett who has amazing returns on his investments. Granted he doesn't offer dividends with Berkshire-Hathaway, but you can use his principles to find good stocks.

You can locate stocks that pay dividends by using a stock screener, such as:
http://moneycentral.msn.com/investor/finder/customstocksdl.asp

Remember if yields are VERY high it's likely there is a lot of risk in the stock, so you might not want to go for the highest dividends.

Commodities (energy forms, ores, food products) are going to be good investments overall and there are assorted companies that invest in them. I say that because countries such as China and India are rapidly industrializing and they are going to vastly increase what they use in those areas so demand will increase.

Personally I don't think people SHOULD invest until they know some basics. It makes sense to invest on paper for a bit and see how you do. Select a few stocks to concentrate on so you can truly watch them.

When you're ready to invest, I'd go with Scottrade because they don't charge account fees, for $7 you can have a market or a limit order, etc. It's a good deal. I've used them for years and they deliver as promised.

You could also consider investing in a business or real estate, but again, you need to do your homework or you can easily lose everything you invest.

You can find decent interest on safe accounts until you know what you're doing. Places like ING Direct are paying over 4% and is insured. It's safe, though you can't grow rich at that rate. It's worth it to park money there or a similar safe place until you know what you're doing.

I'd suggest bypassing mutual funds (fees and minimums) and going for either ETFs (Exchange Traded Funds) or individual stocks you did your homework on.

Don't invest more than you can stomach losing. Be wary of people selling advice as well.

Answer 3

Better invest in someones small business. You will get around 20%-25% annual interest. You will not get such high returns on stocks, mutual funds, bonds or CD's.

I run my own business and I have profit margin of over 5% a month.
Some of the European banks pay 8% to 14% a year (5 years deposits).

Email me at [e-mail] for more information. I'll advice you something valuable if you are serious about investing.

Best of luck!

Answer 4

minerals, crude oil and other natural resources are the new blue chips since the U.S. dollar is in the toilet. If you want to accept some risk look at companies that are developing new technologies to overcome global warming. Also, emerging markets like Vietnam, China, India and a slew of others are a good bet..

Answer 5

Some should go into the market, some into AAA bonds, some in a money market account for emergencies, and $4000 each year in an IRA.

Answer 6

I have invested in my friend's business and now I am getting guaranteed 40% annual interest.
Forget about CD's, bonds, stocks, mutual funds, property in USA, etc.... Better invest in BUSINESS. You will get the HIGHEST RETURN!
I wish you success!

Answer 7

Why don't you stop in at your bank. Many banks these days offer some form of financial advise. They may at least be able to get you started with some mutual funds.

Answer 8

Are you making 5% on your money market funds? Check out Citibank's money market accounts.

Since you are buying real estate, make sure you have some money for furnishings and repairs.

Answer 9

PAYPAL-Money market account--paying 4.70 %-extremely safe--can be in your checking account in 2-3 days--NO penalty for withdrawals anytime, interest credited monthly. NO FEES to maintain account, no minimum balance

Go to https://WWW.PAYPAL.COM--secure site

Answer 10

invest in energy or an insurance company.