I need to invest some money, with the intent of it producing an income. It would seem that starting a business would be the way to go, but I would prefer not to have to work (due to health & family issues) What about partnering with someone? Or buying stock? Any suggestions? And where could I go to get some advice, etc?
2007-12-14 05:46:46 · 3 answers · asked by ? 4 in Business & Finance ➔ Personal Finance
To start, you need to determine how much you have available to invest, what timeframe you want to invest for and how much risk you're prepared to take.
2007-12-14 05:50:07 · answer #1 · answered by Anonymous · 1⤊ 0⤋
what i suggest is to start a rainy day fund with cds == everyone should have at least 6 months of expenes set a side and you can do this by ladderin 6 cd's with 6 months time limit -- until you get that set up do not worry about any other investments!!! it also will give you a steady steam of income coming in each month!!!
2007-12-18 08:26:34 · answer #2 · answered by mister ed 7 · 0⤊ 0⤋
You can derive a nice income stream from a portfolio of Mutual Funds. You can even have it guaranteed. Please read my profile and send me an email.
2007-12-14 15:00:28 · answer #3 · answered by Richard Jackel 3 · 1⤊ 0⤋