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How to invest 80K?


               
2012 Aug 4, 4:52pm   18,422 views  21 comments

by lserranov   follow (0)  

Hello,

I have around 80K that I don't need to have liquid for the next few years. I don't know much about investment. My goal is to invest this money in something with no much risk and that is easy to manage. I mean I don't want to spend my whole day looking stock market because I have a full time job and I doubt I can do that.

Maybe I would like to put the money in Mutual Funds or something like that that gives me 4-8% return per year paying as less fees as possible and been still simple to manage.

I was looking at some Franklin California Tax free Income Fund but I don't even know if I should get them from the Personal Investment Officer in my bank or if I should open an internet account with a broker and buy it myself.

Any pointers will be very welcome.

Thanks
Luis

#investing

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20   Facebooksux   2012 Aug 6, 11:07pm  

freak80 says

To the OP:

Buy weapons and MRE's.

I like how this guy thinks.

Also, don't forget the yams.

If you're looking for a relatively safe investment portfolio, it'll be mostly in corporate and muni bonds.

You need a good adviser to recommend the correct bonds, however. Since tax rates will almost surely go up after the election (no one is going to pass meaningful tax reform during an election year) muni bonds will be even more attractive. Feel free to PM me if you need a few names of good advisers. I have no interest in the financial industry BTW.

21   freak80   2012 Aug 9, 12:26am  

Facebooksux says

I like how this guy thinks.

I hang around with Apocalypsefuck too much. ;-)

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