Re: Financial Advice, 401k's, IRA's, Hiding it under a mattress...
I'll concur with freshfish (Jim Rogers)wait for opportunity and keep raising cash. I would definitely open an stock brokerage account, Roth IRA if you qualify and get comfortable with stocks. Maybe check out some CD (FDIC insured) 1,2 year out with higher interest rate to park your cash.
I would definitely not pay the 4% mortgage early, nor spend on remodeling the condo. I would consider paying off the car loan early so you can lower your insurance from full to liability. and maybe the student loan if it has high interest rate. but I like the cash.
So where is the opportunity to invest.
1 Business (very risky but ...that's how you get super rich)
2.Real estate (leverage, leverage, leverage, which makes it somewhat risky and can make you rich)
3.Stocks (choppy market, need to buy more when it's doing badly)
4.Bonds (I think the rates will have to go up, which means bonds will go no where or killed)
Originally posted by Twitch Boy
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I would definitely not pay the 4% mortgage early, nor spend on remodeling the condo. I would consider paying off the car loan early so you can lower your insurance from full to liability. and maybe the student loan if it has high interest rate. but I like the cash.
So where is the opportunity to invest.
1 Business (very risky but ...that's how you get super rich)
2.Real estate (leverage, leverage, leverage, which makes it somewhat risky and can make you rich)
3.Stocks (choppy market, need to buy more when it's doing badly)
4.Bonds (I think the rates will have to go up, which means bonds will go no where or killed)
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