12-10-2004, 02:05 AM
kandrathe,Dec 10 2004, 01:42 AM Wrote:My only advice would be to not put it all in one place. Consider risks vs rewards, and what portion of loss would you consider to be tolerable. The most % amount of money I ever made was when I was 18, young and stupid. My first employer of only 5 years offered fairly significant profit sharing and retirement plans, which I devoted 100% into high risk investments (what did I care?). 20 years later, that sum has become the foundation of my retirement savings. I continued to get statements every year, which I didn't even look at until a few years ago. My wife pointed out that my meager investments of 1975 had grown exponentially throughout the 80's and 90's.How lucky.
For instance, if you are young and can afford to risk it all, look for a good stable managed higher risk fund to drop it in and check on it once in a awhile. Doc's ideas for land are sound as long as you look for a good deal on land that is undeveloped, but will be eventually. I wouldn't speculate on developed properties at this time, except that if you do not currently own a home, then buying one is a better deal than renting.
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Is it worth buying Microsoft stocks?
I have considered buying a flat.Is it better to buy cash down or take a credit for it?