What to do with $25K?
I just got 25K from my parents as a graduation gift, but am not how/where to invest the money. I have a steady job that supports my 401K, just looking for a smart way to invest. Am leaning towards using the money for down payment on a multi family unit. Thanks for your advice!
Asked By: kizito2001 - 3/20/2007
Best Answer - Chosen by Asker
Um, $25k isn't an awful lot to directly invest in real estate. Real estate values might be suffering in the near future, and depending on where you live, your underlying value could suffer big time... More
Answered By: Rabbit - 3/20/2007
Additional Answers (7)
Only invest in a multifamily unit if you are planning on living in it. You don't mention if you have any debt, student loans or car payments for example, but you should pay down any debt you have before investing.
Answered By: Betty - 3/20/2007
spoil urself!! u jus graduated.
Answered By: hip_hop_baby77 - 3/20/2007
Long term real estate does one thing, it goes up. Invest it if you can, a multi tenancy is a great option as it will reap long term cash flow benefits but getting in may be a problem if you have no work experience... More
Answered By: Ken_Home_Loan_Coach_4U - 3/20/2007
Investing in Real Estate has always been great BUT, right now I would hold - Wait for better times - I would advice ou to find a stock that has very little volatility and shows or ha shown GROWTH in past 3 years - OR, invest in a dividend paying company such as NAT and HOLD onto your money -.
Answered By: semperfi - 3/20/2007
I agree with Betty. Pay off any outstanding debts before investing. It is commendable that you've already got your 401k started. However, that alone is not enough if you are thinking ahead of your retirement and the dollar worth... let's say 30+ yrs from now. Think twice before considering a multi-family unit. I owed... More
Answered By: Helen - 3/20/2007
Invest 1/3 in stocks, 1/3 in C/D, and spend 1/3
Answered By: HHH - 3/20/2007
buy 5k worth of danskin inc(dans) http://biz.yahoo.com/bw/070312/20070312006121.html?.v=1 when they anounce relisting(soon) zoom zoom $2 imo
Answered By: vetech_61 - 3/22/2007
$47/hour Part-Time Job Openings. Requirements: Must Have Computer.
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Legitimate Survey for Cash.Extra Money for You,Join Here!
$21/hr Start, Avg Pay $72K/yr No Experience Needed! Get Started.
Other Career Questions
Do most mechanical engineering jobs offer job security?
What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.