2007-12-10 16:55:56 · 12 answers · asked by Andrew O 1 in Business & Finance ➔ Investing
Consult a financial planner. It depends whether you would rather have secure long term investments with less return on your money or more immediate results with higher risk. The stock market is a great long term investment as long as you choose solid companies with proven track records. Just don't look at the daily ups and downs or it will cause you to panic and you will want to get out. If you want to invest long term, say over at least a 10 to 20 year term the stock market is an ideal vehicle as long as you don't pay attention to the daily change, you must have patience and look at the big picture. Ask a financial planner to show you a 10 to 20 year history of particular stocks. Don't just pick random stocks, get advice from an expert and make sure you put your money in stable companies that will turn a long term profit.
2007-12-10 17:09:32 · answer #1 · answered by Anonymous · 0⤊ 1⤋
1) HOW MUCH DO YO HAVE?
2) Do you have any current investment plans?
3) What is your basic work-area?
4) Salaried or Business? Do you want to invest completely or plough some iinto your business?
5) Where are you based at?..
there are so many related questions which should be discussed privately
So if you are not so sure, get some professional advice.. it'll help you in the long run.
2007-12-11 01:06:46 · answer #2 · answered by Vinu 2 · 0⤊ 0⤋
Well, the guy is right about the 401k and the real estate. However, none of us know what your financial situation is. I would strongly recommend going to your bank and sitting down with one of their financial advisors and go over everything. There is a study that shows that people that use a financial advisor are about 87% more likely to retire between ages 50-55 than not. I wish I had the article, but I htink they took it off the website. I saw it on CNN Money. Anyways, get professional advice, not answers on Yahoo.
2007-12-11 01:08:12 · answer #3 · answered by kevin h 5 · 1⤊ 0⤋
#1 way is to make sure you're saving it and not spending any. Once you've accrued enough to invest, look into options that you're comfortable. Popular long term investments are 401Ks. Also, ING Direct offers really great rates, but that is more investments for the short term. If you want a short term investment that could potentially earn you more money, look into stocks & bonds, but they are the most risky and you also have the potential to lose your money.
The real estate market is no good these days, that's a sure-fire way to lose your money these days. Total scams out there, watch out.
2007-12-11 01:06:02 · answer #4 · answered by Anonymous · 0⤊ 1⤋
I would say start by purchasing short term CDs from a bank which pay the highest rate and keep rolling them over for a while. Investigate all banks in your area. In the interim investigate stock brokers who have a good reputation. Start learning on how to invest. Eventually you will see where to invest. Be patient and put aside savings every paycheck. If you buy stocks, buy them to hold. Too much trading costs in commissions you pay. Investigate 401K if you work.
2007-12-11 01:13:42 · answer #5 · answered by googie 7 · 0⤊ 1⤋
Do not buy a lot of things. Newly weds always seem to get the new furniture, etc. Don't run up credit cards.401k's a house etc. you'll do fine.
2007-12-11 00:59:44 · answer #6 · answered by djcapron 3 · 0⤊ 0⤋
Sit down with someone at your bank. They will advise you about loans, mortgages, income tax, RRSP's, your current pension plan, life insurance and credit cards. They will even devise a game plan for you to manage your money. Then get a second opinion with another institution or CPA.
My financial rep is a lady that will actually sit down with me over coffee (I buy) and crunches numbers and translates financial terms into everyday analogies.
2007-12-11 01:08:14 · answer #7 · answered by dngrSdmn 6 · 1⤊ 0⤋
hi i am jihen from dubai you know the best field to invest money is the forx market if you need more details just mail me jihenebensaad@yahoo.com i can give you a free training and you start to get money from the first day and it is vey easy just you need to study the market you see the news and after traininig you will be able to understand haw you get money when you should buy dollars or gold and when you sell
2007-12-11 03:06:43 · answer #8 · answered by jihene b 1 · 0⤊ 1⤋
The stock market is a great place to invest in and wit a little research and some good stock picks you will be fine. I am using http://www.goldenbullstocks.com they come highly recommended, check them out and test drive their stock picks, you will be impressed!
2007-12-11 07:28:05 · answer #9 · answered by Anonymous · 0⤊ 1⤋
Real Estate.
2007-12-11 00:58:41 · answer #10 · answered by goldigga 2 · 0⤊ 1⤋