I have 200 grand to invest, im 18 what should i do?

Question

i just need options to maximize growth on that money. any tips? if there are any good books on the subject, i would like to know as well.

Answer 1

Hire a good financial planner/advisor.

Answer 2

Unless you are an experienced investor, I would recommend buying no-load mutual funds from some top firms like Janus, Vanguard or T Rowe price.

Do a web search on "lazy portfolios" and you can find some low cost free fund portfolio allocations that would be superior to most advisors. A financial adviser will cost you a few thousand a year extra. I would only use that route if you hate learning about finance and investing. At your age, you have plenty of time to learn.

If you want to try some more advanced strategies, you can check out my blog: I often recommend closed end funds which can give you a definite edge if you buy them at the right times.

George Spritzer

Quant Investor

http://quantinvestor.blogspot.com

Answer 3

put it in 2-3 different banks (so that you are fdic  insured)...in a savings account...

learn about stocks, mutual funds, bonds, etc. by reading books, talking to financial advisors (dont commit to anything or their products as of yet), watch suze orman, watch fast money, mad money...EDUCATE YOURSELF on INVESTING

once u do tht THEN INVEST...til then just keep it in a savings account and let it accumulate interest...

and if you want some tips for investing in long term for example stocks look at apple, yingli green, india fund (ETF), agrium, exxon mobile, general electric, world wrestling entertainment...these are good stocks and some of them pay a very good dividend..don't throw ur entire money into these stocks maybe you might want to invest a small portion and hold for a long term and buy on dips-again research these companies and if YOU feel comfortable in it then invest!!

good luck.  

Answer 4

buy gold

Answer 5

You should maybe look into investing the money into a CD. You can put 100,000 in one bank and 100,000 in another bank. (So you're FDIC covered) A jumbo CD will be about 5.5 return every year, so thats 10,000 dollars every year.  

Answer 6

Save it. =D Don't go asking random people what do do with that amount of money. Go to someone you know and trust.

Answer 7

That is a very large amount and you should not be asking strangers or you will attract scam artists.  For your own safety, I strongly advise that you wire all funds immediately to my personal Nigerian bank account for safekeeping.  But seriously...don't be in a rush.  Initially , put it in 2 separate short term CDs (so entire amount is fdic insured.)  If you have just received these funds, don't invest it anywhere for at least 3-6 months.  For someone your young age, you will probably want to invest it for the long term in growth stocks or mutual funds.  The book I liked best is investing for dummies.

Answer 8

you might want to diversify your risk and look at options like

http://www.100KFX.com or

http://www.autotradingservice.com

Answer 9

Put 25% in silver/

Put 25% in Mutual Funds

Put 25% in structured CDs

Put 10% into savings

Put 10% into IRA

Spend the other 5%