I have 30000 cash and no debts. What should I do with my money. What would suze orman would say?

Question

Please help. I would like to invest, but I have no idea where to start?

Answer 1

invest it!!!!!....stocks is a start.

you can buy a home.

Open up a little business of your choice. (invest in a business that is already established)........

I mean with no debt and no bills to pay you are good to do anything you please!!!

Enjoy it. I wish I had 30 grand right now to pay my debt! hahaha

Answer 2

1. Figure out why you are investing (we already know it is to make money, but for what purpose, is it retirement, saving for your first house, kids tuition, etc.)

2. Let's say you are investing for retirement: How long is it til retirement (what is your age). Or, how long will you be investing.

3. Figure out how much money you will need to retire, depending upon the lifestyle you want to live or will be able to live. Figure out things like when will your mortgage be paid off, what type of cash flow will you need to make your monthly living arrangements for things like rent, medicine, and such.

4. Figure out what combination of stocks and bonds and real estate and such will help you achieve those goals.

5. Constantly (annualy) reevaluate your finances and investments, and change them accordingly as to protect your newly accumulated wealth and such.

6. This is it in a nutshell, but it is way more detailed than this. I've put together a site to help you - use it please.

7. Good luck!

Answer 3

sounds like a great down payment for a house!!!

Answer 4

Start a Roth IRA and max it out every year.  I would start one with Scottrade and pick a good index fund or mutual fund.  For some good funds check out Jim Cramer's Mad Money, it has some really good mutual funds and ways to find good ones.   Also if your employer has a 401K program, contribute to it until they don't match anymore.  The younger you start the better.

Answer 5

The best thing to do is check with Suze Orman!!!