How do i invest my 500K to make my 1st mill?
Answer:
i dont know whether u have earned that much money but i will still give my opinion. u have to split ur investment in equity and debt market, say 70 - 30 i.e. 70% in equity and 30% in debt market. this is called balanced investing. with in equity u have to split ur money in blue chip shares and midcap shares say about 70% in blue chip and balance in midcap. out of 30% of debt investment u can muy mutual funds about 80% and ba;lance 20% u can invest in govt. bonds.
send the first 500k to me and i'll send you info as to what to do next.
if you had 500k, u wouldnt be asking this on yahoo answers
First you have to be smart enough to have earned enough to have 500k. When that happens let me know..
I am a contrarian. I would take 25% and put it into oil and gas, 15% into gold and precious metals, 10% into emerging markets growth mutual funds, 10% into short term cash, 10% into mid-term bonds, 10% into Mid cap growth USA stocks, and 20% into penny stocks.
Other remarks:
By Ciara Linnane
Last Update: 10:40 AM ET Oct 25, 2006
NEW YORK (MarketWatch) -- U.S. crude supplies fell by 3.3 million barrels in the week ended Oct. 20, the Department of Energy said Wednesday. Motor gasoline supplies fell by 2.8 million barrels and distillate fuel supplies fell by 1.4 million barrels. Separate data from the American Petroleum Institute showed crude supplies down by 3.7 million barrels, gasoline supplies down by 2.3 million barrels and distillates down by 588,000 barrels. Analysts were expecting distillate supplies to fall, but were predicting gains for both crude and gasoline. Futures prices rallied with crude for December delivery up 94 cents at $60.29 a barrel after the data were released. Gasoline futures rose 3.9 cents to $1.5775 a gallon and heating oil added 3.58 cents to $1.73 a gallon.
PS If you like penny stocks go here: http://www.kingresources.net
check it out with your own opinions
Consider researching your own companies. right here on Yahoo! Finance. I have found some solid performers this way. Go to: http://screen.finance.yahoo.com/stocks.h.
The answers post by the user, for information only, BAnswer.com does not guarantee the right.
Other Questions and Answers: