How would you invest $23,000?

Question

If you had $23,000, accumulated from privately held stocks from a company you worked for, but now left.. how would you invest this money.

I would like to invest it in some type fund ..preferably tax deferred.

thanks in advance

Answer 1

First pay down credit card debt if you have any, second open or max contribute ($4500/yr) to a Roth IRA.

I have a similar amount that Im looking at long term plays.  Financials are down, many Dow leaders are at multiyear lows.  GE, C, BAC, F, GM are down but I think they will be around in a few years.  I've increased my international fund exposure as I think there is more growth abroad the in US.

I also like oil/NG pipleines like ENB, KMP, TRP...ALternative energy and drilling are hot now as well FSLR, RIG

Answer 2

This "INVESTMENT GUIDE" is more helpful for you to make your money to make money for you,without taking any risk.

To gain more information ABOUT MUTUAL FUNDS 2 INVEST UR MONEY,just gothrough the site

http://www.savings4future.com .........

GOOD LUCK

Answer 3

Phone books. That's where the real money is.

Answer 4

A closed end muni bond fund could get you some tax exempt earnings.  Closed end funds are a nice alternative to regular open end mutual funds and let you get in and out easier and you can buy at a discount.  Look at CEFA http://www.cefa.com/default.aspx or

ETF Connect at http://www.etfconnect.com to explore some options.  At the same time, remember to diversify and don't put all your eggs in one basket.

Answer 5

Go talk to an independent financial advisor first. They will tell you which investments will be best for you given your present circumstances.

Good luck!

- Jim http://jsforex.blogspot.com

Answer 6

There are various investment options to make money and save money. You can try to invest in insurance related investments if you are worried about tax. There are other effective methods of saving money too.

Answer 7

Look at Wisdom Tree ETF. It is a very good mutual fund. Do your research. Steer clear of risky investments such as technology stocks with volatility.

Answer 8

It depends on what your goal is, how much time you have and how much risk you want to take.

Now think about the following questions:

How old are you

How much money do you make a year

How much do you want to make investing

How much time will your money have to make that amount

How much risk are you comfortable taking

How much money do you have in savings and other accounts

What tax braket are you in

Write all these anwsers down and go to a financial advisor, find one that your relatives or friends recommend, if they don't know anyone, email me and I will recommend one, then he will take all your anwsers to those questions and work up a strategy with you, based on your anwsers to reach your financial goal.

OK????

Good luck.