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So I have about 15K to 25K to use on a investment of some sort. What should I do? |
I prefer anything that makes me lots of money. Please Help! I like Energy Conversion Devices, ENER. They make solar panels and batteries for hybrid cars. Here is a link on their business: If you have not already contributed to an IRA this year for yourself (and spouse), Id put it there. If you want it more short term, I'd put it in a Large Cap Stock fund. I think there are set for a big push in the first half of this year. Start a website, or a business with no overhead. Invest in one of the excellent programs that are available on how to buy and sell real estate for profit. There is more money to be made quicker in real estate than anything else. Good luck! You can't put 15-25K in an IRA because the contribution limit per year is $4000 ($5000 if you're over 50). But you can put it into a mutual fund or stock. Find a good financial adviser in your area and they will be happy to help you. If you are in the Dallas area, let me know and I can help you invest it. -payoff all your credit card debt (if you have any) If you want to make lots of money you also need to take lots of risk. HI, First off, you get what you pay for... Just a thought. Second, the higher the expected payoff, the higher the risk. Whatever you want to do should be longterm as that is the best way to make money in the stock market. I would suggest investing in an Index Fund, Russell has some very good ones or a good mutual fund (value). Value Funds typically do well over the long haul (10 years) versus high teck, etc. Whatever you do, do your own research and forget about getting rich quick!!! Good way to lose your money. Put $4000 into an IRA for 2006 and another $4000 in for 2007. |
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