I have $120,000 to invest. What is the best way to invest this money?

Question

I have $120,000 to invest. What is the best way to invest this money?

Answer 1

Put it in a high interest savings account!!!  Or buy a home and rent it out, with that kind of cash you can put a big down payment and only need to pay a few hundred back per month!  Then you charge a good amount for rent and keep the difference!!  (Just remember to save save save!)  So if there is a problem like a water heater going out you have the money set aside to get it professionally replaced!!

Answer 2

Put it in a CD while you learn about investing.  Depends on your timeframe and current debt situation.  Payoff outstanding debt (other than house as its tax deductible).

Look at T-Bills, and Bonds for safe keeping.

Answer 3

If you have no idea and have never invested before I agree with the above poster to go see a financial adviser.

I didn't have much experience when I got my first job.  I went to vanguard.com, they were helpful getting me setup with what I was willing to risk.

I would highly recommend spreading it out though.  Put some in an IRA, some in stocks, some in CDs, and maybe some in just an online savings account in case you need quick access to it.

Answer 4

it is up to you...maybe you could invest in lots of Lottery ticketss and see if you have any luck?

Good Luck!

Answer 5

it all depends on when you are going to want the money for future use. Seek the help of a financial adviser that has a great reputation in your area and ask him or her and also ask about their fees etc.

Answer 6

give it to me

Answer 7

It all depends on how much risk you can handle, and how much return you want for your money.

The best thing you can do is ignore all the answers that you get from here and consult with an INDEPENDENT financial advisor. Their fees are small compared to the amount that you might lose if you were to speculate without proper guidance.

Hope this helps.

- Jim http://jsforex.blogspot.com

Answer 8

go to a financial advisor and talk to him.

Answer 9

I think you should consider investing the money in multi-family rentals in Central Texas.  I have a company,  Central Texas Interests (www.centraltexasinterests.com)  I currently developing a piece of property that will be a cuplex community.  Your yearly return on this project would be comparable to making 9% in the bank (except the you can't make that in the bank).  That return is after paying the property management fee and all other expences and does not include figuring any annually appreciation in the buildings themselves.  Please see my web site.  Temple, Texas is still thriving in this market while others are not. Let me know what you think.

Answer 10

Go to Zecco.com and open an account with them after that buy RITE AID STOCK, (RAD) their stock is as low as 2 dollars and if you hold it for a couple of years you will make good money. This stock is going to jump back up because Rite Aid owns all of their real estate stores and do not rent their locations like WalGreens and CVS Pharmacy

Answer 11

Personally this is how I invest, I have 35% of my funds in liquid assets such as a CD I have 20% in The forex markets as they can be risky but no matter what the economy does money is made. I invested with a club for this one as there are no fees and the club is conservative you can write them at [e-mail] Next, I have 35% in Real Estate Trust accounts. The returns are rather low right now but still fairly safe. Stocks at this point I stay away from as they are way to risky at this point. And The final 10% I have invested in old and Platinum. With any investment know the risks involved if I can be any help feel free to write back to me at [e-mail] Good Luck in all your investments!

Answer 12

I would invest it in a stock if you are willing to risk it.

It is a little risky but if you pick the right one you could turn it into a LOT more.  But if you want to go the safe route and wait a lott longer...you could put it in a CD (if you know what that is)