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If you had about $40,000 to invest where would you invest it?

  1. LaThing profile image74
    LaThingposted 5 years ago

    If you had about $40,000 to invest where would you invest it?

    Home, shares, business, etc..... Which one would be your best move?

  2. ldferb profile image60
    ldferbposted 5 years ago

    Darrius Willrich - I would invest that money in promoting his album. He is that talented, and worth the investment.

  3. cheaptoys profile image61
    cheaptoysposted 5 years ago

    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

  4. profile image0
    Wearmanyhatsposted 5 years ago

    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.

  5. The Rising Glory profile image81
    The Rising Gloryposted 5 years ago

    I would:

    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.

    1. LaThing profile image74
      LaThingposted 5 years agoin reply to this

      Great advice! Thought about the rental property, but didn't consider the companies that you mentioned.... Thanks!

  6. MizBejabbers profile image91
    MizBejabbersposted 5 years ago

    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?

    1. The Rising Glory profile image81
      The Rising Gloryposted 5 years agoin reply to this

      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

    2. profile image0
      Wearmanyhatsposted 5 years agoin reply to this

      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.

    3. MizBejabbers profile image91
      MizBejabbersposted 5 years agoin reply to this

      @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!

  7. theframjak profile image93
    theframjakposted 5 years ago

    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.

  8. Jill Larson profile image60
    Jill Larsonposted 5 years ago

    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.

  9. profile image49
    jackdohsonposted 5 years ago

    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.

  10. Olukuewu Emma profile image57
    Olukuewu Emmaposted 3 years ago

    i will invest on many things i.e stocks,finace,hospitals,shares e.t.c

 
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