All Topics / Help Needed! / What should i do with $50,000?

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  • Profile photo of frangipanifrangipani
    Member
    @frangipani
    Join Date: 2004
    Post Count: 1

    Hi,
    I am looking at investing $50,000… however as a novice I need some advice on the best options.
    Please help!
    [confused2]

    Profile photo of Fast LaneFast Lane
    Member
    @fast-lane
    Join Date: 2004
    Post Count: 527

    Give it to me, give it to me!

    Dont rush it, read as much as you can on different investment vehicles, not just property and I’m sure you’ll figure out soon enough what is the best course to take personally.

    Hope this helps, G7

    Profile photo of KhyberKhyber
    Member
    @khyber
    Join Date: 2004
    Post Count: 2

    If i would have 50,000 i would start a property business, for example buy an invaluable house build and redecorate it a bit and sell it for higher price. or I would I start import and export business.
    Think well before investing money on any business but do not think too much because it will lower you confidence.
    what ever you do with your money i whish you good luck [thumbsupanim]

    Khyber

    Profile photo of melbearmelbear
    Member
    @melbear
    Join Date: 2003
    Post Count: 2,429

    Hi frangipani, it also depends on whether your $50K is cash, or borrowed against your house….

    As g7 said, read, learn, formulate your goals and plans, and the answer should come with that process…

    Cheers
    Mel

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