I am in my 20's and I have 40,000 to invest. I am looking to get the best return possible and i do not see myself needing this money in the next 5 years. Any advice/suggestions Edit by Moderator: Thank you for your participation. Please note that there is also discussion about this topic Here.
kcazual said: I am in my 20's....i do not see myself needing this money in the next 5 years. Any advice/suggestions
VEGAS BABY!!!
mespin
Ancient Member
posted: Oct. 4, 2006 @ 12:23p
Buy a pony and charge people for rides.
Search! Read the FAQ. Nobody wants to answer another "where should I put $X" question. Although some people will probably tell you where you can put it.
I am in my 20's and I have 40,000 to invest. I am looking to get the best return possible and i do not see myself needing this money in the next 5 years. Any advice/suggestions
Yeah, how about some Natural Gas futures contracts... I heard from my cousin's ex-girlfriend that there's a great hedge fund out there called Amaranth, that has made billions: I don't know, it might not be too late to get in the game.
Could go buy some real-estate, use the 40k as a down payment on some random single-family rental home in San Francisco, and plan to flip it in a few years, that might have a high possible return.
Or lend out to random people on prosper.com and HOPE they repay their debt to you..
One could always fall back on Vegas... a little domain name speculating, or buying a bunch of of next month's out-of-the-money calls on biotech penny stocks. If the speculations turn out to be exactly right, the return will be among the highest possible, I know of. --
More seriously, I suggest you educate yourself about personal finance and investing -- you should read books on the subject, OR use some of that money and hire a qualified fee-only financial planner, who can actually give you ADVISE.
In the mean time, I suggest the money be left in a savings account or a 6 month CD.
You just said you want the highest return possible -- but you didn't say how much risk you find acceptable: the HIGHEST returns possible will come with a high risk of a total loss, and possibly with a risk of losing more than your initial investment, and having a debt to repay.
unknownshopper
Senior Member<br>6K
posted: Oct. 4, 2006 @ 1:44p
xpguy said: pork bellies
No. Not kosher.
Beef jerky.
Bandit2
Member
posted: Oct. 4, 2006 @ 1:47p
Emu farm -> Emu jerky -> PROFIT!!!
unknownshopper
Senior Member<br>6K
posted: Oct. 4, 2006 @ 1:50p
Bandit2 said: Emu farm -> Emu jerky -> PROFIT!!!
Perfect. I just checked. Kosher and low in calories!
LH2004
Frivolous Member
posted: Oct. 5, 2006 @ 9:26a
unknownshopper said: Bandit2 said: Emu farm -> Emu jerky -> PROFIT!!!Perfect. I just checked. Kosher and low in calories!No, they're not. (Kosher -- I don't know about calories.) Red for you!
classic bestseller by Benjamin Graham, The Intelligent Investor
The Essays of Warren Buffett : Lessons for Corporate America by Warren E. Buffett (Author), Lawrence A. Cunningham (Editor)
get education, not friendship, from cramer's mad money on cnbc
unknownshopper
Senior Member<br>6K
posted: Oct. 5, 2006 @ 9:42a
Personally, I'd do an hour with Joe Rosenberg over any length of time with Cramer.
workindev
Ancient Member
posted: Oct. 5, 2006 @ 10:12a
xpguy said: pork belliesWhat about Frozen Orange Juice Concentrate futures? Better yet, hire somebody in the govt named "Mr. Beeks" to fix a crop report on Florida Oranges for you. You'll make millions off that $40k and retire in the caribbean sipping coctails on the beach and enjoying a huge yacht. Just watch out for the gorillas in the amtrak car.
caonima
Senior Member
posted: Oct. 5, 2006 @ 10:29a
kcazual said: I am in my 20's and I have 40,000 to invest. I am looking to get the best return possible and i do not see myself needing this money in the next 5 years. Any advice/suggestions Edit by Moderator: Thank you for your participation. Please note that there is also discussion about this topic Here.
ask the other guy here who is 22 and have 400,000 in his account, he posted yesterday
Disclaimer: By providing links to other sites, FatWallet.com does not guarantee, approve or endorse the information or products available at these sites, nor does a link indicate any association with or endorsement by the linked site to FatWallet.com.
Members of our community may attach files to a post in accordance with the User Agreement. FatWallet is not responsible for the content, accuracy, completeness or validity of any information contained in any attached file. Files have *not* been scanned for viruses. Be especially wary of Excel files which may contain malicious content.
