What's the best non-risky way to invest $70,000?
Question:
Answer:
Hi Rob,
If you want absolutely risk-free investment, you can try UK Premium Bonds (similar products exist in New Zealand and United Arab Emirates)
It's similar to lottery, the difference is that you don't lose your money even if you don't win. However if you dont win for a long time, you are losing out on interest.
However the odds are in your favour if you are holding a significant amount of premium bonds.
It's quite fun and you can always take out the amount you put in when you wish to as well.
Alternatively you may as well think of buying more property by having a larger mortgage..
Have fun investing..
Property is always a safe investment. I am a non risker myself. Remember the sicker the patient the higher the fever. Thats what a banker friend told me when I complained about how come the banks give such low interest and others give higher.
there is no non-risky way of investing money, property is always a good bet or antiques/collectables that are likely to go up in value.
you need to invest in real-estate. buy from foreclosure lists to save money than rent. buy handyman specials fix and flip. or simply purchase land but real estate is the way to go you will not lose your money and it will grow and grow.
So cash is pretty riskless, except that you lose out to inflation. CDs are also pretty safe. Government bonds are close to riskless. They may or may not keep up with inflation. Muni bonds have limited risk. High grade corporates have a little more risk, but not too much. Then maybe blue chip defensive equities.
Real estate is NOT risk-free.
Hi,
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The best investment out there right now is the Real Estate Market. You can flip and make hundreds of dollars turn into thousands and then tens of thousands in a short amount of time. The trick to getting in the Real Estate Investment game is by finding the right company to join up with. I joined up with McGee Investment and Mortgage Group, and they showed me all of the options and keep in contact with me several times a day on what was happening to the property I invested in. Give them a call or email them and let them tell you about the new deals they have going. Office # 336-491-5693 or Email: McGee.hp@gmail.com
safest is to put in fixed deposits..
the rest u can invest in building up your own knowledge...
depends on your current financial situation also..whether u need liquidity...
or u can pay off any debts that u have..so that u have an easier life.
you can consult some of the blog postings below for advice on general wealth management...
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