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I have recently decided to invest myself. Due to some unfortunate circumstances this year, I have had some money come across the table that I want nothing to do with. I am pretending it doesn't even exist to me.
I also have a job where I make a nice bit of money. Combining the two I have decided to take two-fold route. I have invested $3k into an IRA, and set aside another $3k to be put into the IRA next fiscal year. I then invested a large sum into a no-down mutual fund. Then I invested another sum into a no-down mutual fund (in a different company than the first) that is bond oriented. There are a lot of options with mutual funds.
That is all based on pulling out at 59 and a half. The long term. Next I will get a bit more risky. But that will be money that I earn on my own. Doing it two-fold like that is good if you want to be safe and confident, without knowing too terribly much.
On the real-estate side...that is an EXCELLENT option. The owner of the 'company' I work for is VERY successful. My success and the success of those around me is based on his genius. And we do quite well. Guess where he got his start? Personal property, and then commercial property. He retired at the age of 36 thanks to that. And does what we work for him now as a 'hobby.' If you take the time to learn the ins and outs, real-estate can do a LOT.
Jdoe
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