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Call Dave Ramsey..........he will tell you to pay off all your debt and invest the rest in mutual funds, assuming you have your 401k maxed out! The Vanguard 500 is a great fund!
Take your time and find a good financial guy. You don't want to get advise from a bunch of strangers on a chat room. Be sure to do your research. I had a friend whos parents retired and gave all their money to a financial person and he lost all of it for them. Now they have nothing. My financial guy (a genius I might add) says diversify, diversify, diversify. You do not want all of your eggs in one basket. Now is a great time to invest in real estate. The market is down, that means it will eventually go back up. (history repeats itself). A lot of people who would have got a loan a year ago can not get one now to buy a house, so that means they are renting. So you go and buy a rental and rent it out. The mortgage and taxes etc pay for themself. If you pay the entire mortgage off by renting it out that is a great income for you after you retire. Think about it. Good Luck.
Take your time and find a good financial guy. You don't want to get advise from a bunch of strangers on a chat room. Be sure to do your research. I had a friend whos parents retired and gave all their money to a financial person and he lost all of it for them. Now they have nothing. My financial guy (a genius I might add) says diversify, diversify, diversify. You do not want all of your eggs in one basket. Now is a great time to invest in real estate. The market is down, that means it will eventually go back up. (history repeats itself). A lot of people who would have got a loan a year ago can not get one now to buy a house, so that means they are renting. So you go and buy a rental and rent it out. The mortgage and taxes etc pay for themself. If you pay the entire mortgage off by renting it out that is a great income for you after you retire. Think about it. Good Luck.
check out both the vanguard mutual funds and fidelity funds and read the information
they mail you so you know the risk. Windsor 2, and Wellington are both good vanguard
funds, you also can leave some in their money market account. They also have a growth and income fund which is good. It depends just how long you also have to let this
money grow, and go with ups and downs of the market. why I say leave some in the money market which you can touch with the downs. I am not sure if windsor 1 is still
open but john neff did wonders with that fund which i still hold. Verizon and AT&T provide a good yield, and you can reinvest the dividends for added growth, and for cost averaging.
Last edited by maggiekate; 10-03-2007 at 05:18 PM..
i have 100k cash at hand. i dont need it to live on, but i want to make some money with it. any advice?
You're best bet is to start reading and learning about investing. If you visit the Vanguard website, it's got lots of good information.
You'll probably want to diversify to minimize your risk.
It's difficult to offer much more advice without knowing anything about your situation, but in general, I would say, pay off your debts, and maximize yearly contributions to your Roth IRA. Invest some money into the Vanguard 500, but not all at once, slowly.
i dont have time frame. ill just keep it in high yield savings account for now, and use interest money for entertainment. real estate is the worst investment now!
Yes I agree that real estate is the worst investment plan at this time.
Yes I agree that real estate is the worst investment plan at this time.
How can anyone make a blanket statement like that? Real estate is a highly regionalized business. What works (or doesn't) in one area is completely unrelated to another area. To assume that real estate is a terrible investment everywhere would be most inaccurate. In addition, there are many types of REI that do well during different market conditions (including a falling market).
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