12-10-2004, 08:50 AM
Abramelin,Dec 10 2004, 01:52 AM Wrote:Very good advice,Ashlock.As I don't live in the USA (I live in European Union),I don't know if all of your advice would be good advice where I live.
In real life I hardly trust people.It is a good idea to buy stocks for 5 to 10 % of the capital;I could do that,I think.As for real estate,I am no expert.Do you mean buying real estate in order to sell at higher price or just keep it ?
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Real estate is usually one of the few things that will for sure retain it's value (like land). So it depends what you think the world is doing. If next year a big war will break out (more terrorism etc.), you would want to have a house or some land. While if the world is calming down a bit it would have been better to by stock instead. It is really up to you and the risk or security you want.
Why not take say 20.000 euro and start trading on the stock exchange (you can do it yourself with some banks just via internet). And for the rest you buy a house, or put it in a savings account. This way you will get some trading experience, and you don't pay such high commisions. Just to make it handy get yourself a house and live there (or rent it to others).
Another option is buying a Ferrari...fun for a year and then you can get on with life. :D