I HAVE $20,000 TO INVEST…WHAT IS A QUICK AND EASY WAY TO TURN A PROFIT?

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{ 9 comments }

m34tba11 January 30, 2011 at 10:26 pm

down payment on a condo, and keep it rented..

marks January 30, 2011 at 10:30 pm

Go to your bank or other reliable institution. The way you’re going about it is a red flag for a con man.

Alex - California January 30, 2011 at 10:39 pm

There is no quick and easy way, but some of the best is to purchase a single family home in the range of 100k-150K and hold on to for at least 3-7 years.

You can also do well possibly by investing in an index fund, check out fidelity and vanguard. Otherwise put it into a short term 3-6 month CD or a liquid money market earning at least 5% yield at the time.

SMEAC January 30, 2011 at 10:55 pm

There is no easy way it all involves risk. Never risk more than you can aford to loose. http://wallstreetradionetwork.com/

LAPis1 January 30, 2011 at 11:05 pm

the NASDAQ is doing quite well so consider that. also pork belly and corn futures and silver bars might be worthwhile. Commericla real estate and uranium are two other options.

Common Sense January 30, 2011 at 11:15 pm

Your question will put you on the road to a financial train wreck.

There is no such thing as “quick & easy” profit. If there was everyone would be doing it.

Look at your first “step” to investing. You want leads from perfect strangers, with no way to know their qualifications or motives. You might as well go to the race track.

Buy at least a couple of books on investing. Not the “be a millionaire” type of book…. try “Investing for idiots” series or other well known respected books.

You are at the line…. you can grow rich slowly…. or lose this nice pile of cash quickly.

Consider yourself warned!

TW January 31, 2011 at 12:14 am

It is great that you have $20,000 to invest. What to do with it depends on what you ultimately need the money back for, when you need it back, your risk tolerance, how much time you can devote to managing your investments, etc.

But the answer to your question is that there is no quick and easy way to turn a profit.

dakotahwd January 31, 2011 at 12:36 am

Depends on the level of risk you are willing to take. As others have wisely said…there is no way to make a “quick and easy” buck. If there was such a way…everyone would be doing it.

If you are unwilling to risk losing some/all of your money…go with a money-market mutual fund or an on-line high-yield savings account. Those are yielding around 5% right now…extremely safe.

Willing to take a little bit of risk? Go with a bond mutual fund…risk of some loss…but a little more upside than savings account/Money markets.

Want to try make some real money? Go with a stock mutual fund. More risk of loss…but greater profit potential. If you do go with a mutual-fund…make sure you go with a no-load fund. There’s absolutely no reason to pay a load. I’d recommend a low-fee no-load fund from Vanguard or TRowePrice.

What ever you do, don’t fall pray to one of these scam-artists on line offering “10% a month” or something crazy like that. They are scams…probably ponzi-schemes…which will eventually implode, leaving the remaining investors with nothing.

Be conservative with your $20k.

Frank Castle January 31, 2011 at 1:32 am

Open a brokerage account at Zecco and drop me a line.

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