Lux Investing

I was thinking should I invest my spare money into growth of my business or just put them into a mutual fund?

I have some spare money and I was pondering if I should invest them into mutual funds or invest back into my business. (Note that I invest max into my retirement funds already.) The money in question are above my retirement investment. I am a special events entertainer (my blog: http://mylifeandart.typepad.com/ ) The nature of my business is such that it is not really capital intensive. It is labor intensive. Of course, I can hire assistants and delegate a lot of my tasks to them and that will probably will give a boost to my business growth. But managing other people is a task in itself. So, I just think to put my spare money into mutual funds and keep doing what I have been doing, all my myself. Any of your thoughts would be highly appreciated.

Public Comments

1. You need to put some of this money aside for a rainy day. If you have an IRA fund it. The rest is MAD MONEY and Jim Craimer want to help you get rich. I would also look into TR Price and buy Mutual Funds. A step above that is ETF's. do not put more than 20% into any one investment and take profits constantly. Set some money aside for a vacation from your returns.
2. invest in your own business and let it grow. you will achieve more returns on your own business than in mutual funds, (the S&P 500 returned a paltry 8 % the last 10 years). nobody has really made a lot of money from mutual funds except the fund companies. all your regular millionaires are small family owned businessmen.
3. You may want to look at incorporating, invest your money into shares of the corporation, have the corporation invest money for a solid return (better tax rate than an individual), the corporation can also pay you a salary for services and a corporation is a good way to place additional funds into your retirement accounts since you are currently max out. I would be happy to point you to further info. Paul
4. Why not do both? Who knows which will do better...your business or the stock market. Why not hedge your bets and split your money in two? www.taguide.com
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6. sounds good. May i recommend as far as adding employees give them a little task/test of managing an event if u want before u hire them full time, if u even choose to hire any.