Where To Invest???
Today I will be signing papers for my settlement and I have decided to go w/a structured settlement but am pulling $75,000 off the top and want to invest about 25,000 of it but I have NO knowledge of where to invest it,the difference between investing and trading,if I should just buy a house,cd’s,ira’s or put it all in a savings acct.????I’ve been an average “working Joe” all my life pretty much living from paycheck to paycheck-never thought I would have enough $ to invest with,(life is full of suprises)so I never took time to educate myself in the world of investing,stocks,trading.etc…I hope to hear from those with knowledge=perhaps those who have experienced a similar situation.FYI>I am going with a structured settlement because I am afraid to test my own discipline with so much money and I KNOW that this is my once in a lifetime opportunity to leave behind something for my 3 grown children and 3(so far) grandkids.Thanks to all who offer advice and/or direction.
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Comments
I would invest in shipping companies. Oil prices are a all time highs, so it is logical to believe that oil prices will drop. Shipping companies have raised prices to offset the price of oil, but shipping companies will not lower prices as fast as the oil prices drop, so there will be a point when shipping companies show a good profit.
The point is that now shipping companies are unattractive do to high oil prices, so now is the time to buy shipping stock.
Check out http://www.ez-traders.com for some inexpensive trading education courses.
One of the world’s most successful investors, Peter Lynch says “Invest in what you know.” So don’t rely on anyone’s “hot tip” or hot broker. Put the money in a 3 or 6 month CD and spend the time learning. Web sites from the big mutual fund companies (www.troweprice.com, http://www.vanguard.com, http://www.fidelity.com etc) have education sections. There are many books including some nice beginner books like “Investing for Dummies” “Mutual funds for Dummies” “The Stock Market for Dummies” series all by Eric Tyson. Learn first, then invest in 6 months.
Get a financial advisor, (financial Planner)
Start by asking your bank where you should go to get one (maybe the bank has this service)
Hello,
I also had a similair problem as you have.
I had a good amount of money, and wanted it to grow.
So I looked around on the internet to find something that is:
1) giving me great returns towards a relatively small risk
2) Professional people who know what they where doing with my money.
I’m glad to say I finally found a moneymanager who is capable of giving me good returns and give me a great support.
On this blog you can follow up all the results that he is making:
http://my-robottrader.blogspot.com/
My money is working for me, in three months time I already have a ROI of 99%.
So you don’t hear me complaining!
Annyway if you would like to get in touch with my moneymanager to have some more information feel free to contact me you can send an email to me at derrekmay at gmail.com.
Then I’ll give you the email adress of my moneymanager
Hope this has helped you!
Well, you will get many suggestions, just look at them all carefully and make an informed decision.
I just inherited $40,000 2 weeks ago. And the only thing I felt comfortable investing in was my DRIP Plan. I have had a DRIP Plan for over 20 years and the annual returns average over 10%.
They are seldom recommended by brokers due to the low rate of commissions received. However, these
reinvestment plans can be very powerful long-term investments. Studies have shown that DRIP’s are one of
the best strategies on Wall Street.
They are inexpensive and easy to start. New investors to the stock market should definitely consider a DRIP Plan.
Companies like Toyota, Royal Canadian Bank, Sony, Bank of America, General Electric and many other Blue Chip
Stocks can be purchased through your DRIP Plan, with as little as 1 share in most cases.
These long-term plans are great for beginners as well as veterans. Check them out.
Best of Luck
Here are some useful resources:
BOOKS:
> Security Analysis by Benjamin Graham and David Dodd
> Contrarian Investing: the Next Generation by David Dreman
> The Aggressive Conservative Investor by Marty Whitman
> Buffettology by Mary Buffett
RESEARCH WEBSITES
- Yahoo Finance
- Google Finance
- Morningstar
PRACTICE TRADING/LEARN FROM OTHERS
- Xearn.com
STOCK BROKERS
- E-Trade
- Scott Trade
- Ameritrade
- Schwab
- Fidelity
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