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Originally Posted by Rodney
I'd say real estate, but you don't have the money yet, and most other better-yield investments... well, a lot of people are guessing which way the wind is going to blow right now, and nobody know for sure.
So, hold onto the money. Put it into some kind of reasonable money market account. Keep adding to it. Come back next year and ask this question again.
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Real Estate has produced more of the world's millionaires hands down.
Why do you think there's that little board game called "monopoly"?
See how much more a house gives you on your property? - Just like in real life. A couple good investments in land - and you're set. Problem is that it takes a larger amount of capital to get started. If you're in the Canadian - BC area - I can put you in touch with people in Kelowna - or Langley (whichever's closer to you) who can get you started in a decent real estate venture when the time comes. They're doing quite well and are looking for more investors. They're also my mentors for all of the other financial scenarios that you see me post on this board - and damn do they know their stuff. The one in Kelowna is making around roughly 10k/month right now - set to become 100k/month as the projects reach completion. It's sick how much real estate can make...