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My boyfriend is about to get money from a lawsuite and i was wondering how we should invest the money to...... |
make it larger in the future any suggestions Hello sorry to say but you so far have received some lame answers. First I would look at all your debt that you have and pay it off. Next I would look into investing with a investment club why a club one they are fairly safe two you can Earn a good monthly income three there are no fees involved such as load fees and broker fees the club I am in earns me 5.3% on my money monthly. pm me See a financial advisor. first of all, when a person gets money from a lawsuit it's never as large as they had expected because there are legal fees, court fees, sometimes detective fees, and if it's an accident-type case then the medical bills must be paid first, and then you have to claim it on your taxes so maybe pay taxes on it as well....so there's not usually much to invest. Put $1000 in an emergency fund (savings account at a bank) Pay off ALL DEBTS. Cut up credit cards. Put 3-6 months living expenses in a liquid account ( a high yield money market account) Invest the rest in good growth stock mutual funds with a five-plus year track record. Click on my profile and read my info for a free downloadable book on retirement investing. www.freedomrocks.com/35235. Put some of it here. Sign up for the free trial to see how it works and see what kind of returns you can get. Follow the guidelines of risk that they give you while you are learning. Try it with a demo account and you will be plesantly surprised just like I was when I found this sight last Septemer. PS not my sight. But I am so impressed with what it has done for me I told him I would let others know. Good luck. If you want a serious answer email me at davidwarrenmetz@yahoo.com Good luck. |
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