I am a 27 y/o Canadian that owns a house already. I just received a lump sum of money, upwards of 15K and am trying to decide in an a 2-4 yr investment. The interest rates are so low at this point that GICs and term deposits seem a poor plan. Are mutual funds going to rebound? Maybe a stock account diversified across a group of top companies? Any input as to what I can research would be great.
Thank you for your time...|||When property prices have hit bottom, buy a rental house that will rent for more than the payments with your $15,000 down payment. That is the only investment that could double in value..|||consider rare coins|||I am pleased that you have been a good manager of your money at such a young age. That is more impressive than the 15K. If I was in your shoes, I would consider dividing the 15K between a Canadian energy investment trust up to your comfort level up to 8K. I would then look around your home for any potential home improvements that NEED to be made. The great thing about a home is that it seems to tell you what requires repairs or improvement. I look upon the home repairs "investment" as a peace of mind use of your funds. But, this is your money. I just offer this as "a suggestion" and not necessarily "the answer." Good luck.|||I think your best bet is to keep your money in cash in a bank account.
The stock market might go down a lot more from its present level. And after 2-4 years you might be lucky to get your money back without any gains.
15K is not a lot of money. And if you loose your job during this recession. Then you might need the 15K a lot earlier than 2-4 years from now.|||you might put part of it with offers like those on
http://www.Forex4Investors.com
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