Lux Investing - What would you suggest as the best way for a beginner to start investing $50,000?

What would you suggest as the best way for a beginner to start investing $50,000?

I am a newly single parent of 2. My previous partner & I are expecting to close on an investment property we are selling in April. My share of the profits is over $50,000. I have never invested before & was counting on my ex partner to invest & manage the entire profit. Now I have to learn about how to do this myself. I am looking for suggestions on books to read, legitimate money management courses, suggestions on how to avoid scams, etc. I've read Kiyosaki & The Millionaire Next Door. I have a basic knowledge of finances & investing. I know a little about stocks & real estate. am a newly single parent of 2. My previous partner & I are expecting to close on an investment property we are selling in April. My share of the profits is over $50,000. I have never invested before & was counting on my ex partner to invest & manage the entire profit. Now I have to learn about how to do this myself. I am looking for suggestions on books to read, legitimate money management courses, suggestions on how to avoid scams, etc. I've read Kiyosaki & The Millionaire Next Door. I have a basic knowledge of finances & investing. I know a little about stocks & real estate. I would like to use the interest to help pay living expenses in the next year while I try to go back to school & get a degree. Once I don't need the interest anymore I would be interested in re-investing the interest.

Public Comments

With the stock market going into full bear mode, you should take your money and stuff a mattress with it. You'll sleep better at night.
Go to motleyfool.com, they have alot of investing material which is free. If you want to buy stocks, I just finished full of bull, which gives a good retail look at wall street ratings. Ultimately, mutual funds and sector calls with ETFs may be the easier route for you, especially if you don't want to spend alot of time watching the market. As for this currently difficult market, a rule I use is that you are supposed to buy when no one else wants to, that's how you get outsized returns. tba
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well i dont know that this would be the answer for you but you could contact a stock broker or mutual funds advisor.. they get paid to know what to do with your money and would be able to tell what the best thing for you to do would be..
First start by asking yourself what do I want to use it for? retirement/ college for kids. When will I need to spend it? next year, five years, when I retire. Once you find out what you want then you can determine your tolerance for risk.
You should learn to trade the stock market. Many professional traders can make 2 to 3 did-git returns on their money year after year. All you have to do is learn a few simple rules and develop a system. This site will teach you a lot and help you develop your own system.
That is a large sum of money and you want to be conservative with it. No need to take any risks here. Your first option should be to fund fully a retirement account. If you do this, and you have extra cash, then one of the best things you can do is open a DRIP Plan. Go to : low-cost-stock-recommendations .com They have a DRIP Section and it is free. These powerful investment plans are seldom talked about because brokers make very little money when they suggest them. Yet, they have proven to be one of the best, if not the best, long-term strategy on Wall Street. They are perfect for small investors, as well as big investors. They are safe and allow you to not care about whether the market is going up or down. They are a must for any serious investor. I strongly recommend looking into it. They are great plans. Good Luck
As a investment professional for the last 20 + years (before selling my business 2 years ago, I managed over 300 accounts and $40 million), I have answered this type of question many times before. Now I day trade futures for a living, but with my investment professional hat on, I have read your post the other comments. First, several of the people who answered your question need to look closely at the last paragraph of you question: "I would like to use the interest to help pay living expenses in the next year while I try to go back to school & get a degree. Once I don't need the interest anymore I would be interested in re-investing the interest." When I was in business, one of the first things that I would do is ask these two questions: When do you need the money and what do you want the money to do for you? You answered both of those questions in your closing paragraph. Although it would be fun and exciting to tell you to invest in currency futures or stocks or a drip program (which all do have their place in an investing program depending on your objectives), in your particular case would not be appropiate. If you are wanting an income, you need to consider a Certificate of Deposit or money market or something of that sort. Anything outside of that area would subject your money to market fluction. For instance, someone might suggest a bond. A bond does pay an income but it can fluxuate wildly with fluxuations in interest rates. Stocks or mutual funds investing in stocks have been extremely volatile over the last several months. So, based on what you said above, I would not recommend them either. They are appropiate if you have a time horizon of 3 to 5 years (not 1 year). After you get past the next year, you might consider investng part of your money into a "no-load" mutual fund. Until then, keep your money safe. It may not be as sexy as stock investing but a year from now your will still have your money. One last thing about stock brokers or financial consultants. It is extremely important that you find someone that earns their living from a fee of the size of your account and not a COMMISSION. A broker that earns a commission (a % of what you invest that can be as much as 5%) has a conflict of interest to what your interests are. A fee based broker (also called an investment advisor) gets paid on the preformance of how your portfolio does. In other words, if your account does well and goes up, his/her fee would be based on the size of the account and go up as well. My personal belief is that you can do your own investing after a little research and guidance. If you have any questions regarding this process or a second opinion on what someone is recommending, my e-mail address is futuresinvestingmadeeasy@yahoo.com. Good luck. Ron Lewis PS. Since I no longer have any liscenses to advise people on their investments for a fee or commission, you can rest assured that the above answer is totally unbiased.
I agree with what Ron said. I also believe that you should learn about the areas of the market that you wish to speculate in before you commit your money. I use the word speculate rather then invest because there is risk in the markets; only risk capital should be used. Volatility means that prices go up and down. You can start by learning technical analysis, the skills that you acquire are used in all of the major markets; stock, futures, currencies. The cost of educating yourself through professional courses is far less then learning by trial and error. If you would like an overview of a Futures Training Program then visit http://www.blackboxsecrets.com and see if that is an area that you'd like to explore.
couple of books. technical analysis of stocks and commodities,,,,,,, fundamental stock analysis(graham ). the little book that beats the market.....(greenblatt)..... remember.the other person probably knows more than you.so read the books....take your time and don't bet it all at once........patience good luck
I had the same problem as you have. I had a good amount of money, but didn't knew where to invest it. So I looked around for something that gave me a great return towards a low risk. And the only thing I could find was a mannaged account. Here you can follow up my results of every day: http://my-robottrader.blogspot.com/ I'm verry excited because I already have 40% ROI in one month and a half. My moneymannager is giving me great support, and answer all of my questions almost immediatly. Annyway feel free to contact me (adress on my blog) and I'll bring you in direct contact with my money mannager.
Put your money in Belarusian bank. You will get a 13% APY with NO RISK AT ALL because all deposits are state insured. Put $50,000 and get back $92,120 in 5 years (compound interest). No fees. Good luck!