June
Betty asks…
whats a smart way to invest some money thru banks cd’s, buying a home..?
just trying to figure out ways to invest money. my GOAL is to see if its possible to live off intrest and renting..could this be the smartest thing..or if not please tell mr other ways to invest
1 invest in mutual funds
2 open a few cd bank account with high return apy
(with no intention of touching that money
3 buying a 6 family home and make money of rents
vanessa answers:
Buy gold.
Donald asks…
someone suggested investing my money in to CD’s and IRA’s instead of investing into real estate?
What do you think?
vanessa answers:
Like everyone says, investing in Real Estate depends on your locale. CDs aren’t thriving right now either. Investing in IRAs has its own limitations. You can’t just take a huge chunk of money and just shove it in an IRA. Their are contribution limits that restrict you to an annual amount. Also, other restrictions depending on your AGI and how your income is earned as to how much can be deducted and what plans you may have. Not to mention how all of this will affect you tax wise. So the answer isn’t simple. Research needs to be done and you need to sit down with a financial advisor.
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