what's the best way to invest money? Mutual funds, real estate, something else?
[ Answer this question ] Want to answer more questions in the Work & School category? Maybe give some free advice about: Personal Finance? Advisor answered Wednesday April 12 2006, 3:01 pm: There are four major ways to become wealthy from investing, real estate, stocks bonds cds ect, internet, business. You could invest depending on your abilities in someone who has an idea for a business and then invest in them. For example, lets say i have an idea for an invention but i need funds to make a prototype and patent it and then produce the invention which i happen to have many ingenious ideas but lack the type of funds for creation at the present moment. Also i work side venture businesses, if you would be interested in a investment that could make an umlimited amount of profit send your inquiries to my box. Hope i helped
Advisor [ Advisor's advice column | Ask Advisor A Question ]
isis answered Wednesday April 12 2006, 11:38 am: It depends to a degree how much money you have to invest. You could try an Independant Financial Advisor (IFA), they should be up to date on all investment statistics and not being affiliated with any one organisation, can give unbiased advice. They will probably charge for their advice so shop around.
If you decide to invest in real estate, don't forget that you will have to factor in upkeep to your calculations, this can cost quite a bit over a few years.
Stocks, shares mutual funds etc depend on the current economical climate so you could lose money. Good luck. [ isis's advice column | Ask isis A Question ]
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