HubertGarfunkleIII
Member
- Mar 16, 2007
- 471
- 0
BigRedAF said:Roommates suck
Most first time business's fail
40K will disappear in hurry and it will be hard to replace at minimum wage
The housing market is failing across the country, the bottom isn't here yet
Take the money to a professional and get into mutual funds, they're diversified. They're not as risky as stock, you can let it ride or use the earnings to supplement your income. Your principle will still be available when you finish school. By then you'll have a better idea what to do. There are several funds that are still preforming well in the current market. You can conservatively make $400 per month in interest with the right funds.
Just my .02 worth...
HubertGarfunkleIII said:If i owned a mobile home I have a place to live all the money i make goes straight to my pocket. minus utilities.
BigRedAF said:Take the money to a professional and get into mutual funds, they're diversified. They're not as risky as stock, you can let it ride or use the earnings to supplement your income. Your principle will still be available when you finish school. By then you'll have a better idea what to do. There are several funds that are still preforming well in the current market. You can conservatively make $400 per month in interest with the right funds.
BigRedAF said:I use Fidelity and have for several years. There are other company's but this one is offered through my employer. I've had very good success with the international funds but I'm not going to make any recommendations for you.
Sit down with a pro and tell him what you would like to try and they will build suggestions around your needs. If you don't like what they say walk away and drop into a CD in any large name bank. CD's are lame but safe. They can put your interest in your account each month or let it compound for a better rate. You can expect 5% in a short term CD or ??? in a mutual fund. I've averaged 18% over the past few years. Some people do better others do worse.
https://www.fidelity.com/
tnrider said:and then forget that you even have the $$$. just let it ride...
HubertGarfunkleIII said:I also like the idea of putting money down on a house and renting out the rooms.
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