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
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