Dec
22
I Have $6,000 In Cash… Whats A Low Risk High Return Investment I Could Do?
ByI want to earn more money with the money I currently have
I want to earn more money with the money I currently have
Ramon Lamelas
9102 Firestone Blvd. Ste. M
Downey, CA 90241
Phone (310) 291-6000
Cell (562) 923-2946
e-mail: ramonlamelas@aol.com
5 Comments
December 22nd, 2009 at 9:31 am
It does not exist. The nature of investing is that bigger risks result in bigger rewards. Savings accounts pay 1% interest because there is no risk of value loss. Hedge fund investments pay big returns but there is significant risk. The average return in the stock market over the past 50 years has been 8 to 10%. Find yourself a solid balanced mutual fund and get in it for the long haul.
December 22nd, 2009 at 10:23 am
How about ” medium” risk ? You could log on to E-trade and open an account…take about half your money and invest in either HTE or CNE… That half of your money will earn over 14% in the next year ( actually monthly) …and if energy prices rise your account value will increase besides.
With the second half of your cash…invest in an ETF that covers Australia (EWA)…they are loaded with the natural resources that China and India are using to build their infrastructure…nice steady long-term plans , maybe 6 to 10 years. This half of the plan may gain more in the 20+% area.
Try not to touch any profits for a couple of years and things will really grow.
P.S. Approx $38 to $40. will be added to your account monthly with the ” energy trust” ( HTE / CNE)…. unless you choose to re-invest, that will ride in your ” core” account…your ” reserves” as it were….that’s money you can withdraw if you want or as you become more familiar with “investing”, stick in in something else.
December 22nd, 2009 at 12:07 pm
Open a brokerage account at Zecco and invest in the ETF DDM.
December 22nd, 2009 at 1:13 pm
stick it in Paypal – they are paying over 5% – I use it as my savings account
December 22nd, 2009 at 7:05 pm
Not available or we would all rush to to it. What is your risk tolerance? that is the first question you need to ask youself, then how long is it before you need the money? If you need it in less than a couple of years stick with a Money market or CD. If you have a longer time frame and can tolerate some risk, then you can look at bonds, stocks, mutual funds etc…..
Unclemike@teachtalktrade.com