How would you invest your money?
By Starmaiden
@Starmaiden (9311)
Canada
May 29, 2018 4:49pm CST
If you had $10,000 dollars to play with and decided to make an investment, how would you invest? What are some good investments that would help you double or triple your money?
I'm looking for suggestions. I hope to invest my share of the profits from the sale of my moms house. 
14 people like this
15 responses
@DianneN (247184)
• United States
30 May 18
I'd talk to a financial advisor. We each invested years ago in 403b during our teaching careers which is like a 401k. Also, we have investments with a couple of financial advisors, both of whom became close friends. We take a conservative approach rather than high risk and are diversified. I couldn't tell you exactly what to invest in, but a good investor could help you tremendously.
3 people like this
@DianneN (247184)
• United States
30 May 18
@Starmaiden I would never seek one out on the internet. It's best if you get a name from a close friend or family member. Our guy at Morgan Stanley was recommended by my husband's brother and his wife. He meets us in Connecticut and even in Florida to discuss our portfolio. A stranger would never do that.
1 person likes this
@Starmaiden (9311)
• Canada
30 May 18
I will research investors in my area. There are some complete scams especially on the internet. That's my only fear about financial advisors.
2 people like this
@mlgen1037 (29886)
• Manila, Philippines
29 May 18
Hi Lucinda. I have invested some of my money in my busienss, I also have stocks. Am checking on other mutual funds.
2 people like this
@Starmaiden (9311)
• Canada
29 May 18
Good for you. I hope to invest some of it in my own online business.
1 person likes this
@mlgen1037 (29886)
• Manila, Philippines
30 May 18
@Starmaiden Thank you, Lucinda. Wow. Go for it! May I ask what online business?
1 person likes this
@Starmaiden (9311)
• Canada
30 May 18
@mlgen1037 I don't have one yet and haven't decided upon it. I will need money to start it with.
1 person likes this
@marguicha (223795)
• Chile
29 May 18
I have that amount, but not too play with. I need it to last me for the rest of my days.
2 people like this
@hereandthere (45645)
• Philippines
30 May 18
true, especially when it comes to health
1 person likes this
@PatZAnthony (14749)
• Charlotte, North Carolina
29 May 18
Real Estate. No, you probably can't buy a house there for that, but maybe with a group you could invest in a rental property.
2 people like this
@Starmaiden (9311)
• Canada
30 May 18
I was thinking real estate also. I have a friend who knows more about it. I can contact him when the time comes. Thanks.
@Morleyhunt (21744)
• Canada
29 May 18
I've invested in GICs in a TFSA. Some security and no tax to pay on the earnings at this point in time.
Is this best for you? That's a de prison only you can make.
2 people like this
@NJChicaa (120135)
• United States
29 May 18
You need to talk to a professional. I have a 403(b) fund which is similar to a 401(k) that people have through private employers. The $$ that comes out of each paycheck goes to buy into different funds. I've done very well over the past 15 years. Each fund is a bunch of different things so you aren't putting all of your money into any one thing. The risk is spread.
2 people like this
@LadyDuck (472060)
• Switzerland
30 May 18
Right now there is nothing SAFE that will allow you to double (not to mention triple your money). You can invest in some serious stocks that pay a high dividend. Not all the eggs in the same basket. Check that the price is not an "all time high" and check from how long they are paying the dividend.
1 person likes this
@Starmaiden (9311)
• Canada
29 May 18
Thank you. I think I may know someone but he is difficult to get a hold of.
@Tampa_girl7 (50524)
• United States
29 May 18
I really don't have a clue. I wish that I had some good advice for you.
1 person likes this
@Starmaiden (9311)
• Canada
29 May 18
That's okay. I haven't received any monies yet, so I still have time to research it.
@Freelanzer (10743)
• Canada
30 May 18
I usually play it safe. I rather keep it in safe but lower returns investments. Not much of a risk taker
2 people like this
@db20747 (43440)
• Washington, District Of Columbia
30 May 18
I guess I would stay conservative with most of it and start a business with the rest!!; and by all means B careful investing money from your mothers house!!! Don't put all your eggs in one basket!!! I would keep it as a rental!!! Property can B expensive these days!!!!
2 people like this
