Hello! ..Inheriting $35K, would like to invest (secure but agressive), any ideas?
Thanks,
Answers:
First pay off debt, very few investments give you a better return than your credit card interest rate.
Keep enough cash accessable to ensure that you stay out of debt.
An aggressive investment strategy would be to use the Stocks Monthly system. The potential returns are high, but it is risky, so no more than $10K in such a system, and only if you are knowledgable about the stock market.
Otherwise you are looking for a mutual fund that regularly beats the S&P 500.
Pay off debt and invest in property!
I cannot believe you would discuss such a serious matter with strangers. Have you no friends, associates, or family to confide in? How sad.
Pay your debs first. If you like to invest in a cd that offers high returns, I know several banks in the Philippines that offers 20% interest per annum net of tax, interest payable monthly and is covered by 12 post dated checks yearly. It is totally secured by PDIC. The banks (12 banks and growing) are a member of a group of companies that has interest in lending, credit cards, motorcycle assembling, pension and education plans marketing,newspapers and mutual funds You can email me for more information
Pay off your debt. Then put 60 percent of whats left in a growth and income fund and 40 percent in a short term bond fund.
Since you're ask here, I'd guess that you have no experience in investing. Assuming that you have no reason to do something odd, paying off the credit card debt is a great idea. (Unless you are going to run right out and charge more stuff!) You can then keep "paying" the credit card debt payment right into your investment account. (Training you to save.) With the balance, I'd suggest either a Treasury Direct account (very safe) to buy some 90 day tbills until you get "smarter". Or, you can put it in a Vanguard account into a money market until you get savy. Or you could do both splitting it 50-50.
You'll learn very quickly. After all it's your money. Either or both of those two options will keep it "safe" until you learn more.
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Pay off the 12k for sure. Get a financial advisor and start regular contributions into an investment account. The 23 K is a great start but you can't retire on it. Take advantage of a lump sum to start with and get goin. An advisor can help you, mix it up a little with mutual funds, some bonds maybe, all kinds of stuff out there. Just don't sit back on this money, it's not enough to make you truly financially secure, it's just a nice starting point.
There's no such thing as secure but aggressive. If it were secure it wouldn't be aggressive.
You've probably better off paying down you credit card debit (IF YOU DON'T JUST BUILD IT BACK UP) and putting the rest in a savings account for emergencies.
You have to resolve to be smart with this money and not piss it away. Otherwise it'll be all gone in a couple of years, you'll have another $12000 in debt and you'll be wondering where it all went.
The best investment out there right now is the Real Estate Market. You can flip and make hundreds of dollars turn into thousands and then tens of thousands in a short amount of time. The trick to getting in the Real Estate Investment game is by finding the right company to join up with. I joined up with McGee Investment and Mortgage Group, and they showed me all of the options and keep in contact with me several times a day on what was happening to the property I invested in. Give them a call or email them and let them tell you about the new deals they have going. Office # 336-491-5693 or Email: McGee.hp@gmail.com
Pay off cc 1st. Too high a rate. Forget ecure - bank accounts are not even secure as you are guranteed to lose purchasing power vs taxes and inflation. ADx & PEO are 2 great solid closed investment cos that trade on NYSE. Both sell at a discount to asset value and perform well. Add in some GAM & EFA and you are set. $23k not really that much money so stop there.
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