How To Invest My Money?

Bunky: How To Invest My Money?
I’m about to receive alot of money from a lawsuit settlement? What are some things I should invest in that are profitable? One of things I was thinking about doing was buying a house and renting it out.Please give me ideas to research because I don’t want to blow the money on bulls&%^t.

Answers and Views:

Answer by Tiny Dan
buying a house to rent out is a lot of work and is a huge pain in the butt , do you have time for that , do you know how to do that ,

put some money in CD’s and start a roth account to save the rest in mutual funds.

saving money is kind of a slow boring process and most banks will give you little for your savings and turn around and charge somebody 30 percent to use your money , thats why some people think bankers are crooks.

Answer by dad_brad
If…. if you can own rental property and have someone else manage it, then it’s easy. You just have to find a reputable, reliable management company. You pay them, but it’s worth it.

Find yourself a decent financial planner and be able to tell him/her your financial plans for the future:
own a home, send kids to college, retire at 60, own a beach house, vacation in Italy. A good financial planner will listen carefully and map out a detailed plan for you.

Answer by Chunnel
This depends on what risks you want to take, you can take high risks and offcourse high profit rewards.
But the key is to find the best possible combination of the two.

I don’t think annybody can say that you’ll have to invest in this or that, because people have to little background information about you.

For exmple what is your intrestfield (stock market, forex market, futures, investing in bussineses that are starting up, etc)

another key factor to your investment is moneymanagement, is it money you’ll need the next months or is this an investment on the long term?

Your age is also a factor, the younger you are the more risks can be made, because if it goes wrong you’ll have enough time to learn from your mistakes and make better choises.

To give you an example:
i invested with a moneymanager on the forexbussines.
I did this because I don’t have enough knowdledge of this market to be trading myself.
i know the risks are fairly high, but my ROI is also verry high so I can live with this risk.
It’s also money that won’t affect my lifestyle if I may lose it.

But then again I already withdrew my profits (this is my way of moneymanagement: withdrawing the initial investment so I won’t lose more than I have invested.)

Answer by William
Buying rental properties is high risk. Are you prepared for that and are you prepared to deal with the headaches of being a landlord? I’d buy a copy of “Investing For Dummies.” It’s a great starter book on the subject.

Answer by Tomas
Wow! Loaded question.

Seek out someone who is willing to help you in coming up some options and is willing to educate you about these decisions.

Depending on who you are and what your plans are here are a few choices:

– Real estate,
– Multitude of Financial investments (Stocks, bonds, insurance, annuities, etc.),
– Small business (Only if you have the will and expertise),