30 years old and do not need the to live on.

Was thinking of buying a couple of foreclosures and sit on them as rental properties using up about 25% of the for that purpose. Another 25% would go to the to buy undervalued of blue chip companies. Another 25% would go into Gold, and the last 25% would be kept in FDIC insured accounts.

 

  • LARRY J7 9:06 am on May 31, 2010

    Go slow…and keep low
    these are extremely volitile times, my friend…
    and what "seems to be" is not necessarily what
    it is….
    DO make sure that this is all spread out in guaranteed
    FDIC accounts of the lowest denominations for this first
    step…. but, take it slow and easy and don’t make a single
    move until you’ve run all the options…
    This sum could be your future
    or, it could melt away in a heart beat
    caution especially at this particular juncture
    is key !!

    ☼ ////

  • windskull 9:06 am on May 31, 2010

    I`d buy small or medium sized wind powered generators and donate these units to rural towns or school districts as tax deductions then you have a steady source of residual income from the units feeding back into the utility grid secondly WATER, here a town recently paid $6,700 per acre foot for water (thats a 1 foot deep puddle covering 1 acre) now imagine a 40 acre lake however deep a gravel company would have to excavate to hit ground water filling the hole they dug in exchange for the sand and gravel…a 30 foot deep lake is a thirty deep stack of forty $6,700 checks and the water conservation laws will pay you for both evaporation and rainfall! ps don`t believe that fdic insurance nonsense my step father has farmed since the dust bowl and the bank president of one of the only financial institutes in the nation NOT holding bad mortgage debt could not guarantee his money under fdic so it`s locked away in one of his safes! peace

  • blueabe162 9:06 am on May 31, 2010

    You could consider buying some of those $1,000 homes in Michigan. With Michigan having so many foreclosures, they’re practically GIVING houses away. Many need some work done on them, but the investment/return is very great. As of today, there are close to 3,500 homes in the state of Michigan for sale for under $2,000 direct from the bank.

    Buy em, fix em, sell em.

    Or, if you wanna get real crazy, buy em, fix em up, rent em and hire a property manager to manage it all for you. With paying so little on the houses, they’d be paid for in a couple years allowing you to retire in less than 10 years.

    Now really isn’t the time to invest tens of thousands of dollars in the stock market. Sure, buy some because with the economy the way it is, stocks are down and are definately going to increase but don’t go crazy.

    Don’t worry about gold right now. It’s at a all time high, but like oil, it’s going to peak pretty soon and drop most likely. You could also consider investing in a business or even a film.

  • Katherine W 9:06 am on May 31, 2010

    This isn’t a bad plan. I would suggest that you spend some time educating yourself on each of these before you jump in.

    About home buyingg, you need to get rental properties nearby so you can manage them, and they should be income producing properties. You need to figure out what local rents are and how to make these work as rentals. Otherwise, you’re paying a mortgage every month on a property you can’t fill with tenants. Try going to http://www.mrlandlord.com to learn more.

    I would skip the gold, frankly. You only make money when you buy and sell it, and it’s unpredictable.

    I like stocks, but you should invest in dividend-paying stocks only. Read "How to Buy Stocks Without a Broker." If you put the same money into the same stocks each month, you automatically buy more when the price is lower; it’s called Dollar Cost Averaging. I’d also look into international stocks, although it is going to be difficult to avoid the worldwide recession. Look at consumer stocks: people are still buying gas, toothpaste and toilet paper.

    I would keep six months’ worth of expenses in the FDIC accounts, no more than that.

    Finally, think about what you want to do. Maybe a little splurge? A nice vacation in the Bahamas? A party with your friends? You should celebrate a little!

  • ☼AstrologerJuliAnne☼ 9:06 am on May 31, 2010

    With that kind of dough, why is it you haven’t hired a financial advisor?

    Have you thought since you don’t need money to live on…maybe donating some of that to charity?

    • People are reading:

    best way to invest a settlement, how to invest a settlement, what is the best way to invest $400000