I just sold my house and moved back home. I have all of this money that i made and I dont want to put it in..

Question

a savings account because it really doesn't make a lot of money sitting there. Is there something else as far as another ivestment I can put my money into and have a greater return on it? Could I potentially find someone that is buying a house and own a share of it with them? That way I could still make money as if I was a homeowner.

My house was in Canada that I sold and my bank doesn't count that as being a previous homeowner. Now with how bad the economy is everything had to be perfect for me to purchase a home and I didn't qualify, though I had half of what the house was seliing for. So I am bummed about not being a homeowner anymore but thats why I was asking these questions because I want to do something with all this money other than just get a CD and make little money every year.

If anyone has other investment ideas other than real estate that I could invest in that would be helpful as well. Im open to all ideas. Thanks for the help!

Answer 1

If you have 50% to put down, you should be able to get a bank loan with no problem, unless the house you want to buy is way overpriced.  Try a different bank!

The home market is in decline now, so don't count on making money on your new house purchase unless you are prepared to own the home for many years.

The stock market is risky and unsetled now, too.  State Farm is offering a 9 month CD at 3.9%.  If you don't buy a house, you might try that CD and wait for developments over the next 9 months.

Answer 2

with that much money, i would buy gold since it is very stable in price. if possible try to get 99.999999% pure gold so its worth even more. plus you can liquidate it fast too if you need the money and most likely you wont lose any value. if you save it in cash u'll lose value due to inflation.