manage half a million dollars for me.

[ippon1]

Buy a house, buy a car. If the person hasn't go to college, go to college. Payoff credit cards. Put the rest in savings, get a job and live within their means.

Or he could open his own business, gym, subway, or whatever.

 

[sawastea]

Hookers

 

[Judo Tom]

find a financial consultant company that specializes in starting de novo banks

if you get in with a bank that is just starting in about 5 years you can quadruple your money if you sell. you might need connections to get in w/ a start up group like this but they are started all the time by MORONs with money.. if you have extra capital for them you should be able to find a way in.

it normally takes between 6-12 mil in capital to start a bank and generally then can be sold for 4-8x the original capital investment after 5 years.

 

[AAP]

poker

You are so not getting any green.

 

[patsfan1379]

http://quicktake.morningstar.com/Fund/snapshot.asp?Country=USA&Symbol=VFINX

 

[AAP]

Move to Mexico, it'll last longer there.

Neither are you.

 

[AAP]

We have discussed funds and the like, but remember, the guy has to live off the money as well. What good is 10% annually if you are not really keeping it because you spend it to live.

deterass said real estate, I went along those lines as well. Like 20K down on 5 different properties in an interest only loan. Hold for 4 years and flip. Somewhat risky, but then again this is South Florida and it can easily be done.

Perhaps a split of 250k/250k with one half going to real estate, the second half in a fund that is just going to grow and double in 10 years.

 

[bullett]

If it was a million dollars I could hook you up with someone that trades for a hedge fund. His minimum audited return was 14%... that was in a down market.
Its how the rich get richer!

Exactly...there are tons of professional money managers out there with stellar track records. Diversification is the key for long term growth. You have to study, know the indicators, and be able to move funds from and into different funds and interests. These include stocks, bonds, money markets, cd's, etc... There is no magic pill to this, but it is fairly safe, and predictable OVER A LONG TIME PERIOD....

So, if a 25 yo came to me and asked that question, I would respond with one answer.....PaineWebber. (or another from a list of well established fund and money management firms). This is something that you can't do yourself, unless you are highly educated in this exact science.. If you have a broken bone, you go to a doctor......

 

[pitbullstl]

index funds at the S&P have averaged about 10% return a year. It is the only Mutual Fund that I trust and isn't a scam.

A very safe and viable option.

 

[hamstershaver]

You are so not getting any green.