What's your investment strategy for each if you have: $1,000, $10,000 and $50,000? Let us know where you will place it and why.
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M$4 Answers
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With $10,000 I would invest what I could into a Roth IRA, then an IRA, and then probably either set the rest aside until I could invest it the following year, since there are limits to how much you can put into a Roth and an IRA. I can't remember what the limits are on an IRA though...
With $50,000 I might start looking for at forclosed homes that I could possibly sell when the market gets better- or maybe just move into since I am currently renting. I think the deciding factor would really depend on if $50,000 was all the money I had to spare, or if it was just extra cash that I could stand taking a few more risks with. Does that make sense?
Anyway those are my thoughts :)
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M$
- If I had (non-mortgage) debt in excess of $50k, I would put the money toward my debt first, regardless of the interest rate. Being out of debt is awesome.
- Assuming debt was handled, I would put it in a reputable Roth IRA mutual fund and split the money 4 ways: growth, growth & income, aggressive growth, and international. Unless congress does something crazy, that money will grow tax free and can be used for crises or at retirement.
- Assuming I had retirement taken care of, I would invest it in an educational savings account for my children using a reputable mutual fund and split the money 4 ways.
- If my children's education was covered, I would put it toward my mortgage.
- If my house was paid for, I would invest it 4 ways in mutual funds: growth, growth & income, aggressive growth, and international.
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M$
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$
The stock market is the best place for shot term investments (although the most dangerous one). But if you stick to your guns, buy cheap and sell high, you'll be alright. Just don't blow a lot of money in such a dangerous strategy.
$10,000: Buy gold (mid term investment)
Gold is a great asset in a crisis. People buy gold when they are scared, and gold will gain in value until end of 2009/2010.
$50,000: Buy currency, and invest in dollar vs euro depreciation (long term)
The dollar is way down, facing the euro. But with a stronger economy, the dollar will grow stronger in the next few years. If you buy dollars low now, you could sell later on with great (although long term) profit.
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M$
