If you had about $40,000 to invest where would you invest it?
Home, shares, business, etc..... Which one would be your best move?
Darrius Willrich - I would invest that money in promoting his album. He is that talented, and worth the investment.
that aint enough for a downpayment for a flat in my city so best thing to do is find some good stocks to invest in
It depends on your tolerance for risk, your age, what you like to do in your spare time, and how the rest of your financial situation looks. If you are wallowing in consumer debt, then the obvious choice would be to pay it off and save the money on the interest. That will give you almost a better return overall. If, however, you have everything paid off, then check your retirement accounts. If you are older, do you have a lot in your retirement? If not, you might want to see if you can shore that up. If you are middle age and willing to put the time and energy into it, would you tolerate buying and renting out a condo or house, or even buying an apartment? Now is a good time. Whatever choice you make, don't make it so quickly that you get into something foolish. If you don't believe you are qualified to make a good decision, get with a couple of good financial advisors who may give you new ideas. Either way, read and investigate carefully. Good luck.
1. Put 15% in silver bullion actually taking possession of it
2. I would purchase rental property trying not to use more 50% as a down payment and making sure that I have positive cash flow from the unit. This will give you an appreciable asset that will benefit from inflation while also taking advantage of today's low rates.
3. With the remainder I would invest in very well established businesses that are basically recession proof that have a long history of paying consistent dividends. This would be companies like Coke (KO), Walmart, Johnson and Johnson, Intel, Micosoft, etc.
4. Then I would sit and leave it alone.
When my mom died, we sold her house and I put my share of the money in money market. I chose this over CDs so I could have access to it if I decided to reinvest it in a new house or something. I have rental property which is a big pain in the tush and only works as a tax shelter because people tear up your property -- so I'm trying to sell it and certainly won't invest it in any more. Since I would like to retire, I don't want to invest in a business. Gee, that doesn't leave me many choices, does it?
Sorry to hear about your rental experience. I've had properties for about 15yrs and NEVER once had that exp. It's all in choosing the right people. I've never used a rental company to manage for me-their goal is occupancy where my goal is quality
In all fairness, tho, you can work your butt off to try to choose the right people and sometimes they can just wind out to be a pain. I bought a six plex with the inheritance from my mother, and it's like having a second job.
@Rising Glory: You have really been lucky! I am glad that you have had a good experience. Problems is, here the neighborhoods change almost overnight leaving you with only undesirables wanting to rent your house. It's a killer!
Over a period of time I would buy dividend growth stocks like MCD, PG, KO, PEP, BDX, CL, MMM, ADP, hold on to them forever, and watch the dividend payments grow.
I would invest enough of the money in CDs that I would have a well-established emergency fund for when I need it.
I would use the rest to pay down the principal on my home. The sooner it is paid off, the sooner I will have more money to play around with guilt-free.
If I have that much money I would like to purchase the condo from the New Condo company in Singapore. As it is a good time to invest in condo and the company is the leading in property development.
i will invest on many things i.e stocks,finace,hospitals,shares e.t.c
by Stacie L 11 years ago
Many folk are worried about the stock markets now and won't invest. is this making matters worse? or is it the best time to invest?
by James Robertson 23 months ago
You aren't much of a gambler but you decide to buy one lotto ticket. You check up on the numbers a few days later, well after the lotto has taken place, and what do you know? You won!!! You are the newest lotto winner!! To keep things very simple lets say, after taxes, you come out with $1 million....
by NiaG 7 years ago
What do you enjoy most about being a rental property owner nationally or internationally?I'm interested in renting out property internationally.
by Kelly Kline Burnett 12 years ago
A friend of mine is evicting his tenants. Sadly this house contains my beautiful furniture - long, torrid story. I knew the risks and the worst case is coming to fruition. He thinks they will leave in 5 days. I think they will wait and take him to court and it will take...
by Jtdfree 10 years ago
The IRA / 401K / 403b scam of course!! Corporate America and politicians in the pocket of Corporate America stole the reasonable, comfortable retirement pensions that many enjoyed and replaced it with "the scam" where now us poor slobs are funding and trying to manage funds in the stock...
by StayPos 5 years ago
If you received an unexpected inheritance of one million dollars what would you with the money?Oh and by the way the taxes have already been paid :-)
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