So, I have around 400K, I don't even know where to begin

cometbus · #1 12-05-2007, 10:28 AM

Someone told me if your money is not working for you, I might as well stuff it under my mattress.

I know nothing about investing. I am looking for general advice, low or high risk, just some place to start my research process.

Here is where I stand:
Outright own my home, last year, appraised at 470K, probably could sell for 400K now, nothing owed.

50K HELOC to my bank, at prime.

10K owed to another HELOC, at prime, but 40K available.

10K owed to a past mortgage that was not closed

Wife has 80K in mutual funds, it moves around a bit, but generally grows every year.

I work as little as possible, my month to month is about 5K, which I barely scrape together. This pays for bills, car, food, etc.

Property tax is low, a few grand a year due to the way it was set up.

1.5K every quarter as part of an inheritance.

Thats where I stand, what should I do?

I should note, the 10K I took out of the HELOC, was to put into the stock market, I was up to 15K on some good buys, but some bad news came out and I lost, I am down to 6K, so I am 4K in the hole on that one.

One thing I am thinking, is if Apple drops to 160, I will buy 200 shares, wait for it to return to 190+ and make a quick few grand, but that is not much. It is also risky. I also am not sure pulling that out of a mutual fund, plus the c-gains on it, as well as the short term on the stock itself, would not wash any profits away.

Simple links, simple terms, I am not afraid to spend hours researching, I just do not know where to begin.

thanks.

eDennis · #2 12-05-2007, 10:56 PM

take a trip to your local financial advisor.

What I would do is place no less then 350k into one of the current paying HYIP's on here, a lower daily one is best. In a few months you can have millions and would never have to work again. Then take the remainder 50k and put it in one of 500% daily programs (high risk) but within a few days you could be almost a billionaire.

klompje · #3 12-05-2007, 11:32 PM

Quote:

Originally Posted by eDennis

take a trip to your local financial advisor.

What I would do is place no less then 350k into one of the current paying HYIP's on here, a lower daily one is best. In a few months you can have millions and would never have to work again. Then take the remainder 50k and put it in one of 500% daily programs (high risk) but within a few days you could be almost a billionaire.

That's crazy advice, I hope you try to be funny

hueychan · #4 12-06-2007, 05:40 AM

You should not invest lots of money in HYIP

awty · #5 12-06-2007, 07:33 AM

Quote:

Originally Posted by eDennis

What I would do is place no less then 350k into one of the current paying HYIP's on here, a lower daily one is best. In a few months you can have millions and would never have to work again.

Excuse me, but this was written by someone who has basically NO understanding of how this arena actually works.
Might I 'suggest' that this would be - EXTREMELY STUPID!!!
MUCH more than just opinion. Fact.
Jeff

**voyo** · #6 12-06-2007, 08:08 AM

eDennis must be joking (or is very stupid).

There are many ways to invest 400k, but I think the advice to visit your financial adviser is good. Such an amount opens limitless opportunities.

icemantaz · #7 12-06-2007, 12:23 PM

you should look into property, look for up and coming places, property prices in places like turkey are fairly reasonable at the moment but are rising in value ALOT! and you can still get a rental income from them! there are other places too but thats the best place in europe at the moment!

forextrader36 · #8 12-06-2007, 02:55 PM

When it comes to investing your hard earned money I highly recommend seeking the advice of a qualified independent financial advisor. If serious about investing it is imperative you educate yourself in investing and investments. Successful investors educate themselves when it comes to investing and make their investment decisions based on facts. Unsuccessful investors tend to be uneducated when it comes to investing and make their investment decisions based on other people’s opinions.

I would be careful how much investment advice you take from online forums, and however good an investment opportunity looks ALWAYS do your own research.

Write an Investment Plan!

It is also extremely important when serious about investing successfully to write yourself an Investment Plan.

Write down what you would like to achieve with your investments in 12 months and what you would like to achieve in 5 years. Then come up with a realistic plan to achieve this. A Financial Advisor will be able to assist you in producing an Investment Plan.

Investing itself is not risky but being uneducated and investing is risky.

kuja9596 · #9 12-06-2007, 05:31 PM

invest with me is the best option and opportunity you'll have right now, based on real business that you can closely watch and see directly, the process involve you in real time. Just in one week and can generate up to 30%. Remember bro real business. Interested just pm me.

Vickyroy · #10 12-08-2007, 03:37 AM

I can help you if you need more info.

1. 6 months you will get 7% interest.
2. 12 months you will get 10% interest.
3. 24 montns you will get 15% interest.

You don't need to do yourself. If finish the term as on above you can get your principle back.

If you are interested in pls email thaijob@yahoo.com